Energy Vault Holdings, Inc. (NRGV)
NYSE:NRGV
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized material strategic progress: rapid capacity scale-up to over 1 GW, a large and growing $1.35B backlog that is majority owned-and-operated, strong top-line growth (Q1 revenue +156% YoY), visibility to >$180M recurring EBITDA and successful financing actions (upsized $150M convertible). These positive operational and financial achievements contrast with near-term profitability drag from investment-related D&A, interest and negative adjusted EBITDA/net loss, back-end loaded revenue recognition and project financing dependencies. On balance, the fundamentals (backlog growth, megawatt scale, recurring EBITDA visibility and liquidity improvements) materially outweigh near-term losses and execution/financing risks.Company Guidance
Strong Top-Line Growth
Q1 revenue of $21.9M, up 156% year-over-year, driven by higher energy storage deliveries and initial Asset Vault contributions.
Record Backlog and Shift to Own & Operate
Contracted backlog of $1.35B, up 108% year-over-year, with over 80% tied to owned and operated assets (IPP-style contracts), signaling a transition to long-duration, recurring cash flows.
Rapid Capacity Scale-Up
Total megawatts under control, in construction or operation exceeded 1.0 GW — nearly 5x year-over-year growth and ~140% sequential growth; added 100 MW of Powered Land/Powered Shell this quarter.
Recurring EBITDA Run-Rate Visibility
Company reports visibility to over $180M in annual recurring EBITDA run rate (ahead of plan), including an expected ~$65M recurring EBITDA contribution from the 100 MW Powered Land/Powered Shell opportunity within 12–18 months.
Improved Margins and Unit Economics Progress
Adjusted gross profit of $6.1M (+25% YoY) and adjusted gross margin of 27.9%; management cites gross margin improvement from ~13.5% six quarters ago to ~24% at end of 2025 and expects IPP margins (as projects come online) to be substantially higher (long-term IPP-level margins referenced in the 60%–80% range for owned assets).
Stronger Liquidity and Financing Execution
Ended quarter with $117.1M cash (reported as up ~148% from prior period), completed an upsized $150M convertible senior notes offering (from $125M), used proceeds to repay $45M higher-cost debt and implemented a capped call (implied conversion price $8.12).
Monetization of Tax Credits
Completed ~ $12M of net ITC transfers during the quarter and expect approximately $40M in total ITC proceeds across projects placed in service so far, improving near-term cash generation.
Geographic and Segment Expansion
Announced entry to Japan with an 850 MW development portfolio (350 MW near-term projects expected to close this quarter), acquired a 175 MW McMurtre BESS project in Texas, and continued activity in Australia and Europe, expanding global footprint.
Operational Reliability and Execution Track Record
Operating storage projects achieving >99% uptime; management highlighted execution history including delivering guidance and positive adjusted EBITDA in Q4 last year and delivering over $150M in revenue in Q4 2025.
Reaffirmed 2026 Guidance
Reaffirmed full-year 2026 guidance: revenue $225M–$300M, gross margin 15%–25%, year-end cash $150M–$200M, and ~$75M–$100M in internal Asset Vault project builds.
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
NRGV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $5.03 | $4.21 | -16.30% |
Mar 17, 2026 | $3.50 | $3.59 | +2.57% |
Nov 10, 2025 | $3.55 | $4.29 | +20.85% |
Aug 07, 2025 | $1.40 | $1.45 | +3.57% |
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 Aug 11, 2026, After Close (Confirmed).
What is Energy Vault Holdings, Inc. (NRGV) earnings time?
Energy Vault Holdings, Inc. (NRGV) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is NRGV EPS forecast?
NRGV EPS forecast for the fiscal quarter 2026 (Q2) is -0.14.