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Energy Vault Holdings, Inc. (NRGV)
:NRGV
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.18Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: -3.74%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
Energy Vault's earnings call highlighted several positive developments, including revenue growth, an increased backlog, and successful project execution with new international agreements. However, challenges in the U.S. market due to tariff uncertainties and an adjusted EBITDA loss were noted, but they were counterbalanced by strong performance metrics and strategic progress.Company Guidance
In the first quarter of 2025 earnings call, Energy Vault provided guidance highlighting several key financial metrics and strategic developments. The company reported a backlog increase of 49% year-to-date, reaching $648 million, with substantial growth driven by projects in Australia and the U.S. Revenue for the quarter rose by 10% year-over-year, primarily due to new projects in Australia and a licensing agreement in India. Notably, gross margin almost doubled to 57% from 26% the previous year, reflecting favorable regional and contract mixes. From a cash perspective, Energy Vault had $47 million at the end of Q1, up from $30 million in Q4 2024, with expectations to grow to $75 million as project financings and investment tax credits are realized. The company also reported an adjusted EBITDA loss improvement of 22% year-over-year, narrowing the loss to $11.3 million, driven by improved gross margins and reduced operating costs. Additionally, Energy Vault emphasized their strategy of building, owning, and operating assets, projecting approximately $100 million in recurring operating EBITDA from seven projects over the next 15 years. Despite the recent U.S.-China tariff pause, the company maintained its current revenue guidance, citing a diverse project portfolio with 90% of its backlog unaffected by the tariffs.Revenue Growth and Backlog Increase
Energy Vault reported a 10% year-over-year increase in revenue for Q1 2025, driven by projects in Australia. The revenue backlog increased by 49% year-to-date, amounting to $648 million.
Strong Gross Margin
The company reported a gross margin of 57.1% for the first quarter, nearly double the 26% margin from the previous year, attributed to favorable revenue mix from the India license agreement.
Cash Position and Project Financing
Energy Vault's cash position increased from $30 million at the end of 2024 to $47 million at the end of Q1 2025. The company completed its first project financing for the Calistoga Resiliency Center, contributing to this increase.
Notable International Agreements
The company signed a 10-year license agreement with SPML Infra in India for its battery storage technology, reflecting growth in the battery storage sector in India.
Successful Project Execution
Energy Vault's first owned and operated asset, Cross Trails in Texas, began operations ahead of schedule. The company expects these projects to contribute approximately $30 million in annual recurring project EBITDA over the next 15 years.
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NRGV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NRGV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | $1.07 | $1.09 | +1.87% |
Mar 17, 2025 | $1.14 | $0.90 | -21.05% |
Nov 12, 2024 | $2.01 | $1.43 | -28.86% |
Aug 06, 2024 | $1.01 | $0.87 | -13.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Energy Vault Holdings, Inc. (NRGV) report earnings?
Energy Vault Holdings, Inc. (NRGV) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Energy Vault Holdings, Inc. (NRGV) earnings time?
Energy Vault Holdings, Inc. (NRGV) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRGV EPS forecast?
NRGV EPS forecast for the fiscal quarter 2025 (Q2) is -0.11.
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