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Other financials

Income statement

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Revenue$17.4M+104%
Gross profit$5.4M+114%
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:OperatingIncomeLoss.

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
Provision for credit losses523,843773,832
Depreciation, amortization, and accretion (excluding amounts included in cost of revenue)1,9194734,142778
Total operating expenses30,03530,66459,02456,433
Loss from operations(24,659)(28,148)(48,860)(49,041)
Other income (expense):
Interest expense(4,192)(2,516)(7,658)(2,611)
Interest income7043121,272627
Change in fair value of financial instruments carried at fair value1,4891,355

Item 1. Financial Statements

FAQ

What is Energy Vault Holdings's operating income?
Energy Vault Holdings (NRGV) reported operating income of -$24.66M in Q2 2026.
How has Energy Vault Holdings's operating income changed year-over-year?
Energy Vault Holdings's operating income increased by 12.4% year-over-year, from -$28.15M to -$24.66M.
What is the long-term trend for Energy Vault Holdings's operating income?
Over 4 years (2021 to 2025), Energy Vault Holdings's operating income has grown at a 26.0% compound annual growth rate (CAGR), from -$29.54M to -$74.37M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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