The earnings call highlighted significant accomplishments, including a major equity investment, substantial revenue backlog growth, and successful project completions. Despite ongoing challenges like the adjusted EBITDA loss and tariff disputes, the positive developments and strategic advancements outweigh the setbacks.

Company Guidance -

Q3 2025

During the Energy Vault Second Quarter 2025 Earnings Call, the company provided significant guidance, highlighting a $300 million preferred equity investment intended to fund the development, construction, and operation of their energy storage projects, branded as Asset Vault. This investment is expected to enable over $1 billion in capital expenditures, supporting an initial 1.5 gigawatts of projects in mid- to later-stage development, with an additional 3 gigawatts in earlier stages across the U.S., Australia, and Europe. Energy Vault aims to generate over $100 million in annual EBITDA cash streams from these projects within two to three years. The company reported a revenue increase of 126% year-over-year to $8.5 million, driven by its Australian projects and the Cross Trails Battery Energy Storage System in Texas. Adjusted EBITDA improved by 11% year-over-year, reducing the loss to $13.7 million. Energy Vault ended Q2 with $58.1 million in cash, a 23% increase from the previous quarter. The company forecasts full-year 2025 revenue between $200 million and $250 million and expects to maintain cash between $60 million and $75 million by the end of Q3.

Significant $300 Million Preferred Equity Investment

Energy Vault secured a $300 million preferred equity investment to fund the development, construction, and operation of its storage IPP Own and Operate projects, enabling over $1 billion in CapEx and project financing.

Strong Increase in Revenue Backlog

Revenue backlog increased 47% quarter-over-quarter to $954 million and up 120% year-to-date, driven by new third-party projects and service agreements.

Successful Execution and Financing of Initial Projects

First two owned projects in Texas and California were placed in service, and project financings were completed, contributing to cash flow improvements.

Record Year-Over-Year Revenue Growth

Revenue for Q2 increased 126% year-over-year to $8.5 million, driven by project deliveries in Australia and the commencement of operations at Cross Trails in Texas.

Improved Financial Metrics

GAAP gross profit increased 140% versus prior year to $2.5 million, with a gross margin of 29.6%. Adjusted EBITDA loss narrowed by 11% year-over-year.

Energy Vault Holdings (NRGV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NRGV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	-0.04 / -	-0.18	―	―	―
Aug 07, 2025	2025 (Q2)	-0.07 / -0.12	-0.18	36.11% (+0.06)
May 12, 2025	2025 (Q1)	-0.12 / -0.08	-0.14	45.71% (+0.06)
Mar 17, 2025	2024 (Q4)	-0.12 / -0.43	-0.15	-186.67% (-0.28)
Nov 12, 2024	2024 (Q3)	-0.13 / -0.18	-0.13	-38.46% (-0.05)
Aug 06, 2024	2024 (Q2)	-0.12 / -0.18	-0.18	0.00% (0.00)
May 08, 2024	2024 (Q1)	-0.13 / -0.14	-0.22	36.36% (+0.08)
Mar 12, 2024	2023 (Q4)	-0.12 / -0.15	-0.17	11.76% (+0.02)
Nov 07, 2023	2023 (Q3)	-0.12 / -0.13	-0.21	38.10% (+0.08)
Aug 08, 2023	2023 (Q2)	-0.19 / -0.18	-0.05	-260.00% (-0.13)

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

NRGV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$1.40	$1.45	+3.57%
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%

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.

FAQ

When does Energy Vault Holdings, Inc. (NRGV) report earnings?

Energy Vault Holdings, Inc. (NRGV) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Energy Vault Holdings, Inc. (NRGV) earnings time?

Energy Vault Holdings, Inc. (NRGV) earnings time is at Nov 18, 2025, After Close (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 (Q3) is -0.04.

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