What is Energy Vault Holdings's cash ratio?

Energy Vault Holdings (NRGV) reported cash ratio of 1.6× in Q1 2026.

How has Energy Vault Holdings's cash ratio changed year-over-year?

Energy Vault Holdings's cash ratio increased by 197.4% year-over-year, from 0.5× to 1.6×.

What is the long-term trend for Energy Vault Holdings's cash ratio?

Over 5 years (2020 to 2025), Energy Vault Holdings's cash ratio has grown at a -59.0% compound annual growth rate (CAGR), from 54× to 0.6×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Energy Vault Holdings NRGV Cash ratio

Cash ratio at other companies

Tesla, Inc.TSLA

0.5×-0.1×

Eos Energy Enterprises, Inc.EOSE

3.8×+2.5×

Fluence Energy, Inc.FLNC

0.3×-0.2×

Microvast Holdings, Inc.MVST

0.3×-0.1×

XPLR Infrastructure, LPXIFR

0.7×-0.7×

Shoals Technologies Group, Inc.SHLS

0×-0.4×

Other financials

Income statement

See full

Revenue$21.9M+156%

Gross profit$4.8M-1.8%

Operating income-$24.2M-15.8%

Net income-$32.5M-53.7%

EPS (diluted)-$0.20-42.9%

Balance sheet

See full

Cash & equivalents$117.1M+148%

Total debt$211.4M+643%

Total equity$30.5M-73.5%

Total assets$298.0M+37.1%

Cash flow

See full

Operating cash flow-$53.8M-1,871%

CapEx$7.1M+4.1%

Free cash flow-$60.9M-540%

Valuation

See full

Market cap$759.33M+502%

Enterprise value$853.62M+695%

P/S3.5×+0.8×

Profitability

See full

Gross margin22.1%+2.9pp

Operating margin-35.8%-16.6pp

Net margin-53%-23.8pp

FCF margin-247.8%—

Returns & leverage

See full

Return on equity-158.2%+1,524pp

Debt / equity6.9×+6.7×

Current ratio1.4×+0.6×

Where this comes from

Calculated from Energy Vault Holdings’s reported figures.

cash and equivalents/total current liabilities=1.6×

Based on the most recent quarter.

The official record: Energy Vault Holdings’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

Ask your AI about Energy Vault Holdings's cash ratio.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Energy Vault Holdings's cash ratio?: Energy Vault Holdings (NRGV) reported cash ratio of 1.6× in Q1 2026.
How has Energy Vault Holdings's cash ratio changed year-over-year?: Energy Vault Holdings's cash ratio increased by 197.4% year-over-year, from 0.5× to 1.6×.
What is the long-term trend for Energy Vault Holdings's cash ratio?: Over 5 years (2020 to 2025), Energy Vault Holdings's cash ratio has grown at a -59.0% compound annual growth rate (CAGR), from 54× to 0.6×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.