What is Energy Vault Holdings's free cash flow?

Energy Vault Holdings (NRGV) reported free cash flow of -$60.86M in Q1 2026.

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

Energy Vault Holdings's free cash flow decreased by 539.7% year-over-year, from -$9.51M to -$60.86M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Energy Vault Holdings NRGV Free cash flow

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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%

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

Calculated from Energy Vault Holdings’s reported figures.

−$53.8Mnet cash from operating−$7.1Mcapital expenditures=-$60.86M

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 free cash flow?: Energy Vault Holdings (NRGV) reported free cash flow of -$60.86M in Q1 2026.
How has Energy Vault Holdings's free cash flow changed year-over-year?: Energy Vault Holdings's free cash flow decreased by 539.7% year-over-year, from -$9.51M to -$60.86M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.