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Other financials

Income statement

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Revenue$17.4M+104%
Gross profit$5.4M+114%
Operating income-$24.7M+12.4%
Net income-$29.7M+15.0%
EPS (diluted)-$0.18+18.2%

Balance sheet

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Cash & equivalents$148.0M+155%
Total debt$244.9M+288%
Total equity$6.9M-92.4%
Total assets$370.5M+48.9%

Cash flow

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Operating cash flow-$30.6M-299%
Free cash flow-$39.7M

Valuation

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Market cap$632.53M+185%
Enterprise value$729.44M+221%
P/S2.8×-1.5×

Profitability

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Gross margin22.5%+2.2pp
Operating margin-32.8%-15.2pp
Net margin-48.6%-22.0pp
FCF margin-64.1%

Returns & leverage

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Return on equity-225.9%-1,190pp
Debt / equity35.7×+35.0×
Current ratio1.2×+0.5×

Where this comes from

Reported directly by Energy Vault Holdings in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Energy Vault Holdings’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001828536-26-000101
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Other long-term liabilities753(283)
Net cash provided by (used in) operating activities(84,361)12,629
Cash Flows From Investing Activities
Purchase of property and equipment(16,206)(15,194)
Investment in note receivable(2,142)
Investment tax credit proceeds11,765
Net cash used in investing activities(4,441)(17,336)
ENERGY VAULT HOLDINGS, INC.

Item 1. Financial Statements

FAQ

What is Energy Vault Holdings's capex?
Energy Vault Holdings (NRGV) reported capex of $9.15M in Q2 2026.
How has Energy Vault Holdings's capex changed year-over-year?
Energy Vault Holdings's capex increased by 8.8% year-over-year, from $8.41M to $9.15M.
What is the long-term trend for Energy Vault Holdings's capex?
Over 4 years (2021 to 2025), Energy Vault Holdings's capex has grown at a 294.3% compound annual growth rate (CAGR), from $170K to $41.09M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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