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Energy Vault Holdings NRGV Warrant liabilities

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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 nrgv:WarrantLiabilityNoncurrent.

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 warrant liabilities?
Energy Vault Holdings (NRGV) reported warrant liabilities of $15.35M in Q1 2026.
How has Energy Vault Holdings's warrant liabilities changed year-over-year?
Energy Vault Holdings's warrant liabilities increased by 767400.0% year-over-year, from $2K to $15.35M.
What is the long-term trend for Energy Vault Holdings's warrant liabilities?
Over 3 years (2022 to 2025), Energy Vault Holdings's warrant liabilities has grown at a 1859.6% compound annual growth rate (CAGR), from $2K to $15.05M.
What does warrant liabilities mean?
This represents the fair value of outstanding warrants classified as liabilities that are expected to be settled beyond the next twelve months. Because these instruments are marked-to-market, changes in the liability balance reflect fluctuations in the company's stock price and volatility rather than operational cash flows. Investors monitor this to understand potential future dilution and the impact of non-cash valuation adjustments on the balance sheet.