NRGV
Energy Vault Holdings, Inc.
Next earnings Aug 5, 2026 · consensus $-0.20 EPS, $18.5M rev
Last earnings +13.3% on 2026-05-05
$4.21
▼ -1.17%$4.21▲ +422.40%
over 1Y
L $0.65EODHDH $6.49
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.2%
1W-4.8%
1M-21.5%
3M+19.6%
YTD-13.9%
1Y+422.4%
Avoid
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Buy
Lumpy revenue, persistent losses, China-tariff exposure and a debt-heavy balance sheet make NRGV uninvestable at 3.4x sales.
Energy Vault's reported numbers tell a story of extreme volatility masquerading as growth. Revenue swung from $342M in FY2023 to $46M in FY2024 and back to $204M in FY2025 — a +340.9% 'rebound' that only looks impressive against a collapsed base. Across five years the company has never produced a profit: cumulative net losses have driven retained earnings to -$487M, and FY2025 still posted -$104M net income on -36.5% operating margin and -50.9% net margin. Gross margin of 23.6% is too thin to cover the opex base, and ROE of -153.6% reflects an equity base ($67.5M) that is being eroded faster than it can be replenished.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0.00 | $146M | $342M | $46.2M | $204M |
| Gross profit | — | $59.3M | $17.5M | $6.19M | $48.0M |
| Operating income | -$29.5M | -$63.1M | -$107M | -$130M | -$74.4M |
| Net income | -$31.3M | -$78.3M | -$98.4M | -$136M | -$104M |
| Diluted EPS | -$2.45 | -$0.64 | -$0.69 | -$0.91 | -$0.65 |
| Net margin | — | -53.7% | -28.8% | -293.8% | -50.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$765M
EV / EBITDA—
EV / Sales3.8
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-14.2%
FCF yield-6.4%
Quality & risk
ROIC (est.)-36.3%
Free cash flow-$46.7M
Total debt$94.6M
Net cash-$36.3M
Altman Z-Score-0.53 distress
Piotroski F-Score4/9
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+12.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — late filing notice (2026-05-18). Worth a closer look.
Recent filings
all on EDGAR ↗4Period ending 2026-06-252026-06-26open ↗4Period ending 2026-05-292026-06-01open ↗4Period ending 2026-05-292026-06-01open ↗4Period ending 2026-05-292026-06-01open ↗4Period ending 2026-05-292026-06-01open ↗4Period ending 2026-05-292026-06-01open ↗4Period ending 2026-05-292026-06-01open ↗8-KPeriod ending 2026-05-292026-06-01open ↗10-QPeriod ending 2026-03-312026-05-19open ↗NT 10-QPeriod ending 2026-03-312026-05-18open ↗SCHEDULE 13G/AFiling2026-05-15open ↗8-KPeriod ending 2026-05-072026-05-07open ↗
Frequently asked
- Is Energy Vault Holdings, Inc. (NRGV) a buy?
- NRGV currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Lumpy revenue, persistent losses, China-tariff exposure and a debt-heavy balance sheet make NRGV uninvestable at 3.4x sales.
- What is Energy Vault Holdings, Inc.'s quality score?
- NRGV scores 55.901960784313715/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001828536, latest 10-Q filed 2026-05-19) · EODHD · analysis by claude-code · as of 6/25/2026, 3:20:28 PM.
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