Energy Vault Holdings financials
$3.97−1.98%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.4M | $21.9M | $153.3M | $33.3M | $8.5M | $8.5M | $33.5M | $1.2M | $3.8M | $7.8M | $118.2M | $172.2M |
| Gross profit | $5.4M | $4.8M | $31.6M | $9.0M | $2.5M | $4.9M | $2.6M | $483.0K | $1.0M | $2.1M | $4.0M | $7.1M |
| Gross margin | 31.0% | 21.9% | 20.6% | 27.0% | 29.6% | 57.1% | 7.7% | 40.3% | 27.8% | 26.7% | 3.4% | 4.2% |
| Operating income | -$24.7M | -$24.2M | -$7.7M | -$17.6M | -$28.1M | -$20.9M | -$50.4M | -$27.1M | -$27.9M | -$24.6M | -$24.2M | -$21.2M |
| Net income | -$31.0M | -$33.6M | -$20.7M | -$26.8M | -$34.9M | -$21.1M | -$61.8M | -$26.6M | -$26.2M | -$21.1M | -$22.2M | -$18.9M |
| Net margin | −178.6% | −153.4% | −13.5% | −80.5% | −410.3% | −247.7% | −184.7% | −2217.9% | −694.6% | −272.4% | −18.8% | −11.0% |
| Diluted EPS | $-0.18 | $-0.20 | $-0.12 | $-0.16 | $-0.22 | $-0.14 | $-0.41 | $-0.18 | $-0.18 | $-0.14 | $-0.15 | $-0.13 |
| EBITDA | -$21.4M | -$20.7M | -$4.3M | -$16.1M | -$27.7M | -$20.6M | -$50.4M | -$26.8M | -$27.0M | -$24.3M | -$24.0M | -$21.0M |
| Operating cash flow | -$30.6M | -$53.8M | -$6.6M | -$11.7M | $15.4M | -$2.7M | -$34.8M | -$9.2M | -$12.8M | $947.0K | $23.4M | -$24.2M |
| Free cash flow | -$39.7M | -$60.9M | -$17.0M | -$27.2M | $6.9M | -$9.5M | -$45.4M | -$36.4M | -$25.1M | -$7.8M | $14.0M | -$32.6M |
| Diluted shares | 178.4M | 171.9M | 168.2M | 163.3M | 156.9M | 153.7M | 152.4M | 150.8M | 149.1M | 147.0M | 145.1M | 143.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $93.0M | $55.2M | $58.3M | $32.7M | $21.4M | $17.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $837.0K | $3.3M |
| Total debt | $243.0M | $171.7M | $94.6M | $60.2M | $33.4M | $26.2M |
| Total assets | $370.5M | $298.0M | $312.9M | $281.9M | $248.8M | $217.4M |
| Total liabilities | $337.9M | $244.3M | $224.3M | $201.3M | $158.5M | $102.5M |
| Shareholders' equity | $6.9M | $30.5M | $67.5M | $80.5M | $90.3M | $114.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology