NYSE$NRGV

Energy Vault Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

NRGV Q2 2024 — $500K revenue

All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, busine. Energy Vault Holdings Inc reported Q2 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $500K.
  • Operating income: $28K.
  • Gross profit: $1K.

Headline financials

Total Revenue

$3.77M

Previous: $39.7M-90.5%
EPS

-$0.18

Previous: -$0.18+0.0%
Capital Expenditures

-$21.1M

Previous: -$18.8M-11.9%
Free Cash Flow

-$47.2M

Previous: -$45M-5.0%
Net Income

-$26.2M

Previous: -$26.2M-0.1%
Operating Income

-$27.9M

Previous: -$28.4M+1.7%
Gross Profit

$1.05M

Previous: $3.95M-73.4%
Cash & Equivalents

$107M

Previous: $107M-0.2%
Total Assets

$256M

Previous: $375M-31.9%
R&D Expense

$6.45M

No prior period
Stock-Based Comp

$9.5M

Previous: $10.1M-5.8%

Revenue & EPS history

Energy Vault · Revenue · Quarterly

$3.77M

Q2 2024-90.5%vs Q2 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Energy Vault · $21.9M total across 5 segments · Q1 2026

  • Sale of Energy Storage Products
    $19.7M
  • Tolling and PPA Revenue
    $1.53M
  • Operation and Maintenance Services
    $444K
  • Software Licensing
    $182K
  • IP Licensing
    $15K

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 Q2 2024

Historical avgQ2 2024

+1.0%

Avg return

Earnings day

-4.2%

Avg return

5 days after

-1.7%

Avg return

30 days after

59%

13 / 22 earnings

Positive

+25.5%

Q4 2021

Best reaction

-30.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-14.4%-13.7%-30.7%
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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