What is Energy Vault Holdings's net margin?

Energy Vault Holdings (NRGV) reported net margin of -53% in Q1 2026.

How has Energy Vault Holdings's net margin changed year-over-year?

Energy Vault Holdings's net margin increased by 81.7% year-over-year, from -289% to -53%.

What is the long-term trend for Energy Vault Holdings's net margin?

Over 3 years (2022 to 2025), Energy Vault Holdings's net margin has grown at a -1.8% compound annual growth rate (CAGR), from -53.7% to -50.9%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Energy Vault Holdings NRGV Net margin

Net margin at other companies

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3.9%-2.4pp

Eos Energy Enterprises, Inc.EOSE

-296.1%-141pp

Fluence Energy, Inc.FLNC

-0.8%-0.2pp

XPLR Infrastructure, LPXIFR

-0.5%-0.2pp

Shoals Technologies Group, Inc.SHLS

6.3%+1.4pp

Enphase EnergyENPH

9.6%-0.8pp

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

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.

net income/total revenue=-53%

Based on trailing twelve months.

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 net margin?: Energy Vault Holdings (NRGV) reported net margin of -53% in Q1 2026.
How has Energy Vault Holdings's net margin changed year-over-year?: Energy Vault Holdings's net margin increased by 81.7% year-over-year, from -289% to -53%.
What is the long-term trend for Energy Vault Holdings's net margin?: Over 3 years (2022 to 2025), Energy Vault Holdings's net margin has grown at a -1.8% compound annual growth rate (CAGR), from -53.7% to -50.9%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.