NYSE$NRGV
Energy Vault Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Energy Vault reported Q4 2024 revenue of $33.5M with a GAAP net loss of $61.9M.
Revenue was $33.5 million for the fourth quarter, tied to U.S. storage equipment deliveries, with backlog growing to $660 million. GAAP net loss was $(61.8) million; adjusted EBITDA loss narrowed to $(13.4) million.
- Q4 revenue $33.5M; backlog $660M (+90% QoQ).
- GAAP gross margin 7.7%; adjusted EBITDA loss $(13.4)M.
- Own-and-operate strategy shifts revenue timing.
- 2025 revenue outlook $200–$300M.
Headline financials
Revenue & EPS history
Energy Vault · Revenue · Quarterly
$33.5M
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
Outlook emphasizes clinical milestones, liquidity runway, and operating expense discipline.
Tailwinds
- Pipeline progress and partnership economics.
- Cash supports near-term operating plans.
Headwinds
- Operating losses until commercial scale.
- Financing and trial outcomes affect funding costs.
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 Q4 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
| Quarter | Report date | Reaction (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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