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Energy Vault Holdings NRGV Software licensing — Revenue

Other product segments

Sale of Energy Storage Products to Customers Under Bill-and-Hold Arrangements
$47.2M
Sale of energy storage products
$14.7M+90.6%
Operation and maintenance services
$445K+60.6%
Intellectual property (“IP”) licensing
$15K+7.1%

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Other financials

Income statement

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Revenue$17.4M+104%
Gross profit$5.4M+114%
Operating income-$24.7M+12.4%
Net income-$29.7M+15.0%
EPS (diluted)-$0.18+18.2%

Balance sheet

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Cash & equivalents$148.0M+155%
Total debt$244.9M+288%
Total equity$6.9M-92.4%
Total assets$370.5M+48.9%

Cash flow

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Operating cash flow-$30.6M-299%
CapEx$9.1M+8.8%
Free cash flow-$39.7M

Valuation

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Market cap$632.53M+185%
Enterprise value$729.44M+221%
P/S2.8×-1.5×

Profitability

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Gross margin22.5%+2.2pp
Operating margin-32.8%-15.2pp
Net margin-48.6%-22.0pp
FCF margin-64.1%

Returns & leverage

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Return on equity-225.9%-1,190pp
Debt / equity35.7×+35.0×
Current ratio1.2×+0.5×

Where this comes from

Reported directly by Energy Vault Holdings in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Energy Vault Holdings’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001828536-26-000101
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Sale of energy storage products$14,696$7,711$34,406$12,602
Tolling and power purchase agreement (“PPA”) revenue (1)2,0263903,554390
Operation and maintenance services445277889553
Software licensing187120369232
Intellectual property (“IP”) licensing1514303,269
Total revenue$17,369$8,512$39,248$17,046

Item 1. Financial Statements

FAQ

What is Energy Vault Holdings's software licensing — revenue?
Energy Vault Holdings (NRGV) reported software licensing — revenue of $187K in Q2 2026.
How has Energy Vault Holdings's software licensing — revenue changed year-over-year?
Energy Vault Holdings's software licensing — revenue increased by 55.8% year-over-year, from $120K to $187K.
What does software licensing — revenue mean?
This metric represents the total revenue generated from the licensing of proprietary energy management and storage optimization software to third-party customers. It reflects the company's ability to monetize its intellectual property and digital solutions independent of physical infrastructure deployment. Growth in this segment indicates successful adoption of the company's software-as-a-service or licensing model within the broader energy storage ecosystem.

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