What is Energy Vault Holdings's contract assets?

Energy Vault Holdings (NRGV) reported contract assets of $18.07M in Q1 2026.

How has Energy Vault Holdings's contract assets changed year-over-year?

Energy Vault Holdings's contract assets increased by 160.9% year-over-year, from $6.93M to $18.07M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Energy Vault Holdings NRGV Contract Assets

Contract Assets at other companies

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$39.44M+202%

Fluence Energy, Inc.FLNC

$284.71M+152%

Shoals Technologies Group, Inc.SHLS

$15.14M+45.5%

Enphase EnergyENPH

$35.66M—

Matrix Service CompanyMTRX

$24.92M-35.4%

Other financials

Income statement

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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

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Cash & equivalents$117.1M+148%

Total debt$211.4M+643%

Total equity$30.5M-73.5%

Total assets$298.0M+37.1%

Cash flow

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

CapEx$7.1M+4.1%

Free cash flow-$60.9M-540%

Valuation

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Market cap$759.33M+502%

Enterprise value$853.62M+695%

P/S3.5×+0.8×

Profitability

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Gross margin22.1%+2.9pp

Operating margin-35.8%-16.6pp

Net margin-53%-23.8pp

FCF margin-247.8%—

Returns & leverage

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Return on equity-158.2%+1,524pp

Debt / equity6.9×+6.7×

Current ratio1.4×+0.6×

Where this comes from

Reported directly by Energy Vault Holdings in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

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

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Questions, answered.

What is Energy Vault Holdings's contract assets?: Energy Vault Holdings (NRGV) reported contract assets of $18.07M in Q1 2026.
How has Energy Vault Holdings's contract assets changed year-over-year?: Energy Vault Holdings's contract assets increased by 160.9% year-over-year, from $6.93M to $18.07M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.