NRGV - Earnings announcements

Q1 2026 global MW under management surged from 440 MW to 1.1 GW, up over 500% year-over-year and 140% sequentially Year to Date 2026 backlog reached $1.35 billion, up 108% year-over-year, of which 80%+ is recurring, high-margin IPP revenue Q1 2026 Revenue of $21.9 million, up 156% year-over-year Q1 2026 GAAP Gross Profit of $4.8 million and Adjusted Gross Profit of $6.1 million (up 25% year-over-year) Achieved fifth consecutive quarterly increase in balance sheet Cash to $117 million Added 100 MW of Powered Land and Powered Shell projects for AI data center infrastructure, expected to yield over $65 million in annual, recurring EBITDA within the next 12-18 months Announced Japan

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a global leader in sustainable, grid-scale energy storage solutions and AI compute infrastructure solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2026 on Tuesday, May 5, 2026 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after t

Q4 2025 contract revenue backlog soared to a record $1.3 billion, up 42% sequentially from Q3 2025 and up over 300% from the prior year 2025 Revenue of $203.7 million grew 340%+ compared to the prior year (within the original 2025 guidance range) 2025 GAAP gross profit reached $48.0 million up nearly 8x versus the prior year, resulting in 2025 gross margin of 23.6% versus 13.4% the prior year (and well above the original 2025 guidance range) Q4 2025 Adjusted EBITDA improved by $23.2 million versus prior year, delivering a positive $9.8 million versus a loss of $13.4 million in the prior year Q4 2025 Adjusted Net Income turned positive to $3.7 million versus a loss of $25.0 million i

Q4 2025 Revenue expected to be between $150.0 million and $155.0 million, representing year-over-year ("YoY") improvement of ~355%, and an increase of ~5x sequentially from Q3 2025 Q4 2025 GAAP Gross Profit expected to be between $28 million and $33 million, an increase of ~3x sequentially from Q3 2025, with a Q4 2025 Gross Margin expected to be between 18% and 22%, representing a YoY improvement of ~1,000bps and ~1,400bps, Positive Q4 2025 Adjusted EBITDA expected to be between $5.0 million and $10.0 million, versus a loss of $13.4M in Q4 2024; Q4 2025 Net loss expected to be between $22.1 million and $9.5 million versus $61.8 million in Q4 2024 Cash on hand at year end finished at $

Contract revenue backlog of $920 million, up 112% year-to-date Q3 2025 Revenue of $33.3 million improved 27x versus the prior year, driven by increased Energy Storage Solutions projects in Australia and first revenue streams from US-based own and operate Asset Vault projects Q3 2025 GAAP gross profit of $9.0 million up nearly 18x versus the prior year, driven by increased revenue and favorable business mix, resulting in Q3 2025 gross margin of 27.0% and 32.6% year-to date Q3 2025 Adjusted EBITDA loss narrowed 59% to $6.0 million versus a loss of $14.7 million in the prior year period Cash as of September 30, 2025 was $61.9 million, up 7% sequentially and in-line with previously guid

Energy Vault will release its third quarter 2025 earnings results followed by a conference call on November 10, 2025 at 4:30 p.m. ET Energy Vault Holdings Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable, grid-scale energy storage solutions, reminds investors that the Company will be hosting a virtual Investor and Analyst Day on Wednesday, October 29, 2025, at 1:00 p.m. ET. To register for the virtual event please go to the link here. A webcast replay will be available two hours following the live presentation and will be accessible for 90 days. Energy Vault will also release its earnings results for the third quarter ended September 30, 2025 on Monday, Novemb

Current Contract revenue backlog increased 47% to $954 million versus Q1, now up 120% year-to-date Q2 2025 Revenue increased 126% to $8.5 million compared to the prior year period Q2 2025 GAAP gross profit of 29.6%, increasing 140% versus prior year to $2.5 million Q2 2025 Adjusted EBITDA improved 11% versus prior year, to a loss of $13.7 million from a loss of $15.4 million Implemented an additional $6.5 million cost savings initiative (annualized) Cash improved 23% versus prior quarter to $58.1 million, finishing at the high end of the previous guidance range Cross Trails project financing of $17.8 million completed in July; another $27 million in total net ITC proceeds antici

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable, grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2025 on Thursday, August 7, 2025 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-800-343-4849, international callers may use 1-203-518-9848. When prompted, please provide the Conference ID: EnergyQ2 to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly afte

Contract revenue backlog of $648 million, up 49% year-to-date on Australia and U.S. strength Q1 2025 Revenue increased by 10% versus prior year to $8.5 million driven by Australia projects and India license Q1 2025 GAAP gross margin more than doubled to 57.1% versus prior year on favorable regional and revenue mix Quarter-end Cash improved 57% versus year-end 2024 to $47.2 million as the Calistoga project financing was completed; additional ~$45 million from the Cross Trails project financing and sale of ITC's expected in Q2 and Q3 Milestone achieved of Energy Vault's first owned & operated energy storage asset, Cross Trails in Texas, now complete and generating revenue during the commi

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable, grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2025 on Monday, May 12, 2025 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Monday, May 2

Contract Revenue backlog increased 90% to $660 million from prior quarter of $350 million, more than quadrupling on a year-over-year basis, reflecting strength in Australia and new US IPP and utility customers and acceleration of asset ownership with long-term offtake agreements Strong growth in Australia in executing on over 2.6 GWh of projects, including the recently announced agreement to acquire the 1.0GWh Stoney Creek BESS from Enervest in New South Wales Developed Pipeline of $2.1 billion remains robust inclusive downward adjustments for prevailing battery prices, tariffs, foreign exchange rates revenue converting into backlog Q4 2024 revenue of $33.5 million principally associated

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable grid-scale energy storage solutions, today announced it has rescheduled its previously announced earnings conference call on March 11, 2025 to Monday, March 17, 2025 at 4:30pm ET, to coincide with the filing of its Annual Report on Form 10-K the same day. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclus

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2024 on Tuesday, March 11, 2025 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and

Revenue backlog grew 33% quarter-over-quarter to $350 million primarily reflecting new contracts in the U.S. with Jupiter Power and Gridmatic; Australia project awards now exceed 2.6GWh Transitional Q3 2024 revenue yielded 40%+ GAAP gross margin with higher services and software content; YTD 2024 GAAP Gross Margins are 28.3% Operating expense improved to $27.6 million in Q3 2024; Adjusted operating expense improved 13% year-over-year and 7% quarter-over-quarter to $15.2 million reflecting prior organizational realignment in Q2 2024 Commenced project financing for PG&E California long duration green hydrogen and Texas short duration storage projects, expected to bring $60-80 million of

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tues

Announced new 400MWh battery storage project in Australia with ACEN, hired new Head of Global Sales and entered partnership with structural engineering firm Skidmore Owings & Merrill (SOM) to integrate gravity energy storage within superstructure building design Q2 GAAP Gross margin of 27.8% driven by strong management and execution on U.S. battery projects Q2 GAAP Net Loss of $(26.2) million; Q2 Adjusted EBITDA improved $2.3 million or 12% year-over-year to $(15.8) million Q2 GAAP Operating Expenses of $28.1 million; Q2 Adjusted Operating Expenses of $16.9 million, improved 23% year-over-year Q2 results include a $1.7 million charge associated with previously announced organization

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday,

Revenue of $7.8 million from recognition of Utility and IPP storage projects, in-line with expectations; Licensing revenue from GESSOL in Southern Africa is expected later in 2024 GAAP Gross Margin of 26.7% driven by strong management and execution on US battery projects Cash OpEx of $16.7 million, improved 22% year-over-year and 14% quarter-over-quarter Quarter-end Cash and Cash Equivalents of $136.8 million, within Q1 guidance range of $125 – 150 million Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024. "In the first quart

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will host its inaugural Investor & Analyst Day on Thursday, May 9, 2024 in New York. The event will begin at 9:00 AM ET, be livestreamed, and all parties interested in attending virtually can pre-register here. In-person attendance at the event to be held at the New York Stock Exchange is limited and by invitation only. Energy Vault's Investor & Analyst Day will provide deep insight to the Company's strategy, business model, execution, portfolio of products / technology and IP, 2024 financial guidance, and long-term outloo

FY 2023 revenue of $341.5 million, up 134% YoY and 18% QoQ, within annual guidance range Increased cash position to $146 million with no debt, above prior guidance of $132 million from Q3 2023 Reduced quarterly cash Operating Expense run rate by 25-30% through actions taken in Q4 2023, enabling a 2024 reduced quarterly cash OpEx of $13-15 million to accelerate shift to cash flow positive exiting 2024 and FY 2025 FY 2023 gross margin of 5.1%, reflecting a lower than expected Q4 gross margin due to timing of revenue and associated gross profit recognition shifting from Q4 into 2024 for gravity licenses and battery projects Commercial pipeline growth of 24.5 GWh YoY, up 89% and 5.8 GWh

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call a

Revenue of $172.2 million driven by multiple energy storage deployments within the US market Announced five new Gravity Energy Storage System projects under the license and royalty agreement with Atlas Renewables totaling 1.2 GWh as the first 100 MWh system nears completion outside Shanghai Project Awards increased by 5.5 GWh, or 153% YTD while Bookings increased by 800 MWh, or 49% YTD Commercial operation for the Wellhead 275 MWh battery energy storage system in Southern California commenced on time, at budget and above performance expectations Reaffirm full-year 2023 financial guidance Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustain

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Nov

Revenue of $39.7 million reflecting 247% q/q sequential growth while executing to customer delivery expectations across all projects. GAAP gross margin of 9.9%, or $3.9 million, driven by battery energy storage deployments during the quarter; YTD 2023 GAAP gross margin of 12.5%. Improved adjusted EBITDA and net income results reflecting focus on operating margin expansion as revenue ramps combined with prudent OPEX management. Reaffirm full-year 2023 financial guidance with a revenue range of $325 million to $425 million and gross margin of 10% to 15%; reiterate project delivery timelines for 2H 2023. Second Quarter 2023 Financial Highlights Revenue of $39.7 million, in-line with

After achieving mechanical completion of the critical power electronic components, commissioning of the newly constructed EVx started in June as planned, and is expected to be fully interconnected to the local state utility grid in the fourth quarter of this year The system will be the world's first commercial, grid-scale gravity energy storage system that offers a more economical, scalable and sustainable alternative to existing pumped hydroelectric plants that currently represent ~90% of all energy storage capacity globally Constructed just outside of Shanghai adjacent to a wind turbine farm, the 25 MW EVx system will be one of the largest long duration energy storage systems in the w

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023 followed by a conference call at 8:30 AM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until August 22

New project awards increased by ~$1 billion (2.8 GWh), of which ~$725 million (2 GWh) were gravity EVx systems Recognized revenue of $11.4 million, in-line with expectations, and driven by construction progress of US-based BESS systems GAAP gross margin of 21.2%, or $2.4 million, driven by the Company's BESS project activity during the quarter Reaffirm full-year 2023 financial guidance and project deliveries, including full-year revenue of $325 million to $425 million On track for commissioning of first 100MWh commercial EVx, gravity-based energy storage system First Quarter 2023 Financial Highlights Revenue of $11.4 million, in-line with expectations, and driven by continued c

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until May 23, 2023

Financial Highlights Fourth quarter 2022 revenue of $100.3 million, driven by the Company's gravity energy storage territory expansion and execution ahead of schedule on a California 275MWh storage project with expected COD in July 2023. Revenue for the year ending December 31, 2022 totaled $145.9 million, driven by the strong Q4 project ramp from contracts executed in Q3 2022. Fourth quarter 2022 loss from operations of $(25.7) million, and net loss of $(23.3) million. Fourth quarter 2022 adjusted EBITDA totaled $(11.2) million reflecting higher Q4 employee hiring to support 2023 growth and employee-related compensation accruals due to the strong finish to the year; for the year en

Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2022 on Tuesday, March 7, 2023 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and

Third quarter 2022 revenue of $1.7 million, driven by revenue from the energy storage projects with Jupiter Power in Texas and California. Revenue for the first nine months ending September 30, 2022, totaled $45.6 million, driven mainly by gravity energy storage licensing revenue with Atlas Renewable. Third quarter GAAP loss from operations of $(36.2) million, and GAAP net loss of $(28.8) million. Third quarter 2022 adjusted EBITDA totaled $(17.2) million; for the first nine months of 2022 ending September 30, 2022, adjusted EBITDA was approximately breakeven totaling $(0.2) million. Total cash on the balance sheet of $274.7 million as of September 30, 2022, vs $299.1 million as of

Energy Vault Holdings, Inc. (NYSE:NRGV, NRGV WS))) ("Energy Vault"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until November 28

Second quarter 2022 revenue of $1.0 million, driven by construction support services for the 100 megawatt hour (MWh) project in Rudong, China Revenue for the first half of 2022 totaled $43.9 million, driven by a portion of the $50 million licensing and royalty agreement with Atlas Renewable received in the first quarter of 2022 GAAP loss from operations of $(22.0) million GAAP net loss of $(6.2) million Adjusted EBITDA of $(14.2) million Cash and cash equivalents of $299.1 million as of June 30, 2022, vs. $303.5 million as of March 31, 2022 Redeemed all outstanding, unexercised public warrants, streamlining the capital structure. Continued progress on commercial and construct

Energy Vault Holdings, Inc. (NYSE:NRGV, NRGV WS))) ("Energy Vault), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2022 on Monday, August 8, 2022 followed by a conference call at 8:00 AM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until August 22, 2022. Pa

First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx™ gravity-based storage system in partnership with Atlas Renewable and China Tianying, which also invested $50.0 million into the private placement investment (PIPE) related to th

Energy Vault Holdings, Inc. (NYSE:NRGV, NRGV WS))) ("Energy Vault), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2022 on Monday, May 16, 2022 followed by a conference call at 5:00 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until May 30, 2022. Partici