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Segments

By product

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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%
Software licensing$187K+55.8%
Intellectual property (“IP”) licensing$15K+7.1%

By segment

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Reportable Segment$17.37M+104%

By geography

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United States$85.64M

Other financials

Income statement

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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:Revenues.

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
Revenue$17,369$8,512$39,248$17,046
Cost of revenue11,9935,99629,0849,654
Gross profit5,3762,51610,1647,392
Operating expenses:
Sales and marketing2,8653,1615,7757,306
Research and development2,5464,0745,1367,898
General and administrative22,65319,11343,89436,619
Provision for credit losses523,843773,832

Item 1. Financial Statements

FAQ

What is Energy Vault Holdings's total revenue?
Energy Vault Holdings (NRGV) reported total revenue of $17.37M in Q2 2026.
How has Energy Vault Holdings's total revenue changed year-over-year?
Energy Vault Holdings's total revenue increased by 104.1% year-over-year, from $8.51M to $17.37M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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