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Energy Vault Holdings NRGV Noncontrolling interests in subsidiaries

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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:MinorityInterest.

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 itemJune 30,2026December 31,2025
Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued
Common stock, $0.0001 par value; 500,000 shares authorized, 179,940 and 168,969 issued and outstanding at June 30, 2026 and December 31, 2025, respectively1817
Additional paid-in capital557,315555,873
Accumulated deficit(549,610)(487,433)
Accumulated other comprehensive loss(835)(966)
Non-controlling interest(31)(31)
Total stockholders’ equity6,85767,460
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity$370,526$312,876

Item 1. Financial Statements

FAQ

What is Energy Vault Holdings's noncontrolling interests in subsidiaries?
Energy Vault Holdings (NRGV) reported noncontrolling interests in subsidiaries of -$31K in Q2 2026.
How has Energy Vault Holdings's noncontrolling interests in subsidiaries changed year-over-year?
Energy Vault Holdings's noncontrolling interests in subsidiaries decreased by 14.8% year-over-year, from -$27K to -$31K.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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