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Energy Vault Holdings NRGV Business Segments — Revenue

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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%
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:Revenues.

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 business segments — revenue?
Energy Vault Holdings (NRGV) reported business segments — revenue of $21.88M in Q1 2026.
How has Energy Vault Holdings's business segments — revenue changed year-over-year?
Energy Vault Holdings's business segments — revenue increased by 156.4% year-over-year, from $8.53M to $21.88M.
What is the long-term trend for Energy Vault Holdings's business segments — revenue?
Over 2 years (2023 to 2025), Energy Vault Holdings's business segments — revenue has grown at a -22.8% compound annual growth rate (CAGR), from $341.54M to $203.67M.
What does business segments — revenue mean?
Represents the total gross income generated by the company's primary reportable business segment from the sale of energy storage solutions and related services. This metric reflects the segment's market demand and its ability to monetize grid-scale energy technology projects.