NYSE$NRGV
Energy Vault Holdings Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Energy Vault Holdings Inc reported first quarter 2026 revenue of $21.9 million and a net loss of $32.5 million.
Energy Vault reported revenue of $21.9 million for Q1 2026, up from $8.5 million in the prior year, driven by increased energy storage product sales and new tolling revenue from owned assets. The company recorded a net loss of $32.5 million, widened from $21.1 million year-over-year, primarily due to higher operating expenses, interest costs, and a loss on debt extinguishment. The company raised $140 million in senior convertible notes and continued development of owned energy storage projects.
- Revenue grew 156% year-over-year to $21.9 million, led by $19.7 million in energy storage product sales.
- Net loss increased to $32.5 million as operating expenses rose and the company recognized a $5.2 million loss on partial debt extinguishment.
- The company issued $150 million of 5.25% Senior Convertible Notes due 2031 and entered into capped call transactions.
- Cash and cash equivalents stood at $55.2 million with total assets of $298.0 million at quarter end.
Headline financials
Revenue & EPS history
Energy Vault · Revenue · Quarterly
$21.9M
Revenue by segment
Energy Vault · $21.9M total across 5 segments · Q1 2026
- Sale of Energy Storage Products$19.7M—90.1%
- Tolling and PPA Revenue$1.53M—7.0%
- Operation and Maintenance Services$444K—2.0%
- Software Licensing$182K—0.8%
- IP Licensing$15K—0.1%
Forward guidance
The company continues to advance its owned and operated energy storage projects and third-party sales pipeline while monitoring tariff and regulatory developments affecting supply chain and project economics.
Tailwinds
- Strong growth in energy storage product sales and initial contributions from owned assets
- Successful capital raise providing liquidity for project development
Headwinds
- Ongoing net losses and cash burn from operations
- Exposure to tariffs and supply chain constraints for battery components
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+1.0%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-0.3%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+25.5%
Q4 2021
Best reaction
-30.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.4% | — | — | |
| Q4 2025 | +7.7% | -2.0% | +2.9% | |
| Q3 2025 | +20.6% | -12.7% | +52.7% | |
| Q2 2025 | +2.9% | +4.3% | +47.9% | |
| Q1 2025 | +7.0% | -16.9% | -15.9% | |
| Q4 2024 | -21.0% | -16.4% | -42.6% | |
| Q3 2024 | -30.6% | -29.1% | -7.8% | |
| Q2 2024 | -17.1% | -21.9% | -13.0% | |
| Q1 2024 | -13.7% | -20.1% | -17.3% | |
| Q4 2023 | -3.1% | -16.3% | -35.7% | |
| Q3 2023 | +24.7% | -1.7% | +1.3% | |
| Q2 2023 | +3.6% | +2.3% | -7.1% | |
| Q1 2023 | +9.3% | +13.4% | +59.3% | |
| Q4 2022 | -6.6% | -14.6% | -44.0% | |
| Q3 2022 | +23.9% | +18.9% | -3.1% | |
| Q2 2022 | +0.4% | +12.8% | +0.7% | |
| Q1 2022 | +1.4% | +11.2% | -11.3% | |
| Q4 2021 | +25.5% | +7.9% | +23.4% | |
| Q3 2021 | -0.1% | -0.1% | -0.9% | |
| Q2 2021 | -0.2% | -0.1% | +2.0% | |
| Q4 2020 | +0.5% | +0.5% | +1.6% | |
| Q1 2021 | +0.9% | +1.0% | +1.0% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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