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Energy Vault Holdings NRGV Q4 2024 Annual earnings

Reported March 17, 2025 · After market close

Revenue$33.5MMiss by $9.0M
EPS-$0.35Miss by $0.21
Revenue estimate$42.5M
EPS estimate-$0.14

Next report

Aug 11, 2026 (In 1 week)
Revenue estimate$14.2M
EPS estimate-$0.14

Financials

Q4 2024

Income statement

See full
Revenue$33.5M-71.7%
Gross profit$2.6M-35.6%
Operating income-$50.4M-108%
Net income-$61.8M-179%
EPS (diluted)-$0.41-173%

Balance sheet

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Cash & equivalents$30.1M-79.3%
Total debt$1.4M-27.7%
Total equity$126.3M-43.6%
Total assets$183.9M-46.0%

Cash flow

See full
Operating cash flow-$34.8M
CapEx$10.5M+225%
Free cash flow-$45.4M

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$346.83M+2.4%
Enterprise value$318.12M+63.2%
P/S7.5×+6.5×

Profitability

See full
Gross margin13.4%+8.3pp
Operating margin-281.4%-322pp
Net margin-293.8%-330pp
FCF margin-248.3%

Returns & leverage

See full
Return on equity-77.6%-5,244pp
Debt / equity0.0×
Current ratio1.3×-1.2×

Segments

By product

See full
Sale of energy storage products$33.1M
Operation and maintenance services$272.0K
Software licensing$101.0K
Intellectual property (“IP”) licensing-

By segment

See full
Reportable Segment$33.5M-60.8%

Versus estimates

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Questions, answered.

When did Energy Vault Holdings report Q4 2024 earnings?
Energy Vault Holdings (NRGV) reported Q4 2024 earnings on March 17, 2025 after market close.
What were Energy Vault Holdings's Q4 2024 revenue and EPS?
Energy Vault Holdings reported revenue of $33.5M and eps of $-0.35 for Q4 2024.
Did Energy Vault Holdings beat estimates in Q4 2024?
Revenue missed the consensus estimate of $42.5M by $9.0M. EPS missed the consensus estimate of $-0.14 by $0.21.
Where can I find Energy Vault Holdings's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001828536-25-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.