The earnings call reflected a positive sentiment, driven by significant equity investment, increased revenue backlog, improved financial metrics, and successful project completions. While challenges such as market shocks and continued losses were acknowledged, the highlights significantly outweighed the lowlights.

Company Guidance

During Energy Vault's Second Quarter 2025 Earnings Call, several key metrics and strategic developments were discussed. The company announced a $300 million preferred equity investment aimed at funding the development, construction, and operation of their new storage IPP Own and Operate projects, known as Asset Vault. This equity will enable over $1 billion in capital expenditure and project financing, targeting an initial 1.5 gigawatts of projects, with a total development pipeline of 3 gigawatts across the U.S., Australia, and Europe. This strategic move aims to create annual EBITDA cash streams of over $100 million from these projects, which are expected to be predictable and recurring. The investment is non-dilutive to common shareholders, with mechanisms for milestone-based equity participation. Additionally, Energy Vault reported a significant increase in their revenue backlog, which rose by 47% quarter-over-quarter to $954 million and 120% year-to-date, driven by new third-party project and service agreements. They also achieved a GAAP gross profit increase of 140% compared to the prior year, reaching $2.5 million, with a gross margin of 29.6%. The adjusted EBITDA loss improved to $13.7 million from a loss of $15.4 million in Q2 2024, aided by improved gross margins and cost-saving initiatives. The company ended the quarter with $58.1 million in cash, a 23% increase from the previous quarter.

Significant Equity Investment

Energy Vault announced a $300 million preferred equity investment to fund the development, construction, and operation of energy storage projects, enabling over $1 billion in CapEx for 1.5 gigawatts of projects. This investment is nondilutive to common shareholders.

Increased Revenue Backlog

The company's revenue backlog increased 47% quarter-over-quarter to $954 million and 120% year-to-date, driven by new third-party projects and service agreements in the U.S. and Australia.

Improved Financial Metrics

GAAP gross profit increased 140% year-over-year to $2.5 million, with a gross margin of 29.6%. Adjusted EBITDA improved by 11% year-over-year, narrowing the loss to $13.7 million.

Completion of Project Financings

Energy Vault completed the project financings for its first two owned projects in Texas and California, putting cash back on the balance sheet.

Stoney Creek Project Acquisition

Energy Vault achieved final close of the acquisition of the 125-megawatt Stoney Creek Battery Energy Storage System in Australia, supported by a 14-year offtake agreement.

Strong Focus on Execution

The company emphasized its strong reputation for execution, managing supply chains, and reliably and safely executing projects.

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

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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 (NRGV) report earnings?

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

What is Energy Vault Holdings (NRGV) earnings time?

Energy Vault Holdings (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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