NYSE$NRGV

Energy Vault Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Energy Vault reported Q2 2025 revenue of $8.5M, a net loss of $34.9M, diluted EPS of $-0.22.

For Q2 2025, Energy Vault reported Revenue was $8.5M, net loss was $34.9M, diluted EPS was $-0.22. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $8.5M for Q2 2025.
  • Net loss $34.9M.
  • Diluted EPS $-0.22.

Headline financials

Total Revenue

$8.51M

Previous: $3.77M+125.8%
EPS (adj)

-$0.22

Previous: -$0.18-22.2%
Capital Expenditures

-$15.2M

Previous: -$21.1M+27.8%
Free Cash Flow

-$50.1M

Previous: -$47.2M-6.1%
Net Income

-$34.9M

Previous: -$26.2M-33.4%
Operating Income

-$28.1M

Previous: -$27.9M-0.9%
Gross Profit

$2.52M

Previous: $1.05M+139.8%
Cash & Equivalents

$21.4M

Previous: $107M-80.0%
Total Assets

$249M

Previous: $256M-2.7%

Revenue & EPS history

Energy Vault · Revenue · Quarterly

$8.51M

Q2 2025+125.8%vs Q2 2024
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

Forward guidance

Outlook emphasizes path to profitability, liquidity runway, and cost discipline.

Tailwinds

  • Operating initiatives and partnership milestones.
  • Cash and revolver capacity extend runway.

Headwinds

  • Operating losses and dilution risk.
  • Competitive and regulatory uncertainty.

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 2025

Historical avgQ2 2025

+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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