Energy Vault Holdings, Inc.

NYSE•NRGV

CEO: Mr. Robert Allen Piconi

Sector: Utilities

Industry: Renewable Utilities

Listing Date: 2021-03-29

Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen. Its software solutions includes Vault-OS, an energy management system the management of one or more diverse storage mediums; Vault-Bidder that utilizes machine learning algorithms to match node-specific data with real-time weather and asset performance information; and Vault-Manager which designs to safeguard asset management and to help blend developing technologies seamlessly into existing solutions. Energy Vault Holdings, Inc. is based in Westlake Village, California.

Contact Information

4360 Park Terrace Drive, Suite 100, Westlake Village, CA, 91361, United States

805-852-0000

www.energyvault.com

Market Cap

$555.38M

P/E (TTM)

-3.7

Dividend Yield

52W High

$6.35

52W Low

$0.60

52W Range

47%

Rank54Top 78.1%

2.7

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Weak • 2.7 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$33.32M+2678.90%

4-Quarter Trend

EPS

-$0.16-11.11%

4-Quarter Trend

FCF

-$27.16M-25.47%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Surge from Projects Revenue $50.4M (9M 2025), up $37.6M from $12.7M in 2024. Product sales drove $32.9M increase reflecting Australian EPC ramp-up.

Operating Loss Narrows Operating loss improved $13.0M to $(66.6M) for nine months. Improved gross profit offset higher General and Administrative costs.

Positive Operating Cash Flow Operating cash flow swung positive $22.0M to $0.9M provided for nine months. Reflects upfront customer collections timing benefits.

Strong Contract Backlog Total contract backlog reached $920M by September 30, 2025. Supported by robust developed pipeline metrics for future conversion.

Risk Factors

Liabilities Increase Significantly Total liabilities increased $143.7M to $201.3M by September 30, 2025. Driven by significant debt financings secured throughout 2025.

Tariff Uncertainty Persists Ongoing U.S./China tariff ambiguity creates supply chain uncertainty. Potential elevated duty levels could resume impacting cost models.

Net Loss Widens Net loss attributable to EVHI widened $9.0M to $(82.9M) for nine months. Driven by substantially higher interest expense and financing costs.

Customer Concentration Risk Accounts receivable concentrated: four customers represent 34%, 30%, 23%, and 13% of total balances as of September 30, 2025.

Outlook

Asset Vault JV Established Launched Asset Vault joint venture with OIC in October 2025. Focus on developing, building, owning global energy storage assets.

Secured Equity Financing Access Secured Hudson and Helena equity purchase agreements providing access to capital. Total potential commitment up to $75.0M.

Tax Credit Monetization Expected Expecting $40.6M net proceeds from Tax Credit Transfer Commitment by December 15, 2025, to fund capital expenditures.

New Projects Operational Cross Trails BESS and CRC HESS commenced commercial operations in 2025. Supporting new tolling revenue streams under agreements.

Peer Comparison

Revenue (TTM)

EDN

$2.30B

+33.1%

NFE

$1.78B

-27.2%

RNW

$1.49B

+50.5%

Gross Margin (Latest Quarter)

YORW

109.3%

-1.2pp

RNW

56.6%

-13.9pp

ARIS

47.4%

-3.9pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ARIS	$4.03B	81.4	5.3%	21.6%
RNW	$1.94B	14.9	10.0%	75.1%
EDN	$1.22B	8.3	11.8%	16.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-0.2%

Flat Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

25%

Cash Flow Needs Attention

Deep Research

Next earnings:Mar 16, 2026

EPS:-$0.12

Revenue:$152.57M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data