NRGV - NYSE

Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc.

NRGV·NYSE

$6.49

+11%
UtilitiesRenewable Utilities

Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$1.16B
EPS-0.6500
P/E Ratio-9.98
Earnings Date08/06/2026
-5.65M
Operating Cash Flow
-90%
3Y-76.0%
5Y-66.0%
10Y-62.0%
-44.61M
Investing Cash Flow
-24%
3Y+235.0%
5Y+2442.0%
10Y+3758.0%
123.05M
Financing Cash Flow
-48929%
3Y-43.0%
5Y+687.0%
10Y+339.0%
NRGV

Energy Vault Holdings, Inc. Cash Conversion Engine

NRGV · NYSE
Net Income-103.66M
Depreciation & Amortization5.73M
Stock-Based Compensation36.71M
Change in Working Capital23.56M
Others24.86M
Capital Expenditures-41.09M
Free Cash Flow-46.74M

Cash Flow Quality Analysis

FCF Conversion Rate

45.1%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-727.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+59.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$23.56M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Energy Vault Holdings, Inc. Cash Flow Statement

NRGV • NYSE

Energy Vault Holdings, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
OPERATING ACTIVITIES
Net Income
-103.7M
-135.8M
-98.4M
-78.3M
-31.3M
-24.2M
-10.1M
Depreciation & Amortization
5.7M
1.1M
893K
8.5M
2.3M
54.6K
8.4K
Change in Deferred Taxes
7.1M
0.0
0.0
0.0
0.0
0.0
-754.4K
Stock-Based Compensation
36.7M
38.7M
43.1M
0.0
500K
28.1K
32.2K
Other Non-Cash Items
24.9M
-21.8M
-1M
41.1M
3.4M
12.7M
1.3M
Cash Taxes Paid
(0.0)
(0.0)
(0.0)
(0.0)
(1K)
(810.0)
(810.0)
Change in Working Capital
23.6M
62M
-37.2M
5.4M
3M
-5.3M
-5.2M
Cash from Operating Activities
-5.6M
-55.9M
-92.7M
-23.3M
-22.1M
-16.7M
-14.8M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment
-41.1M
-58.9M
-30.4M
-2.3M
-170K
-1.8M
-1.2M
Purchase of Investments
-65K
(0.0)
-6M
-9M
-1M
(0.0)
(0.0)
Other Investing Items
-3.4M
117K
-6.1M
-2M
0.0
0.0
0.0
Cash from Investing Activities
-44.6M
-58.7M
-42.5M
-13.3M
-1.2M
-1.8M
-1.2M
FINANCING ACTIVITIES
Net Issuance of Common Stock
7.6M
-408K
224K
223.3M
116K
7.6M
25.8M
Net Issuance of Debt
84.4M
-185K
311K
-62K
-818K
8M
2.2M
Share Repurchases
(0.0)
-408K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
Other Financing Items
31.1M
341K
-6M
-5.5M
-3.6M
0.0
0.0
Cash from Financing Activities
123.1M
-252K
-5.5M
217.8M
116.4M
15.6M
28M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates
576K
-634K
52K
-49K
1.9M
-1.8M
-332.4K
Net Change in Cash
73.4M
-115.5M
-140.6M
181.1M
95.1M
-4.6M
11.7M
Cash at Beginning of Period
30.1M
145.6M
286.2M
105.1M
10.1M
14.7M
2.9M
Cash at End of Period
103.4M
30.1M
145.6M
286.2M
105.1M
10.1M
14.7M
Free Cash Flow
-46.7M
-114.7M
-123.1M
-25.7M
-22.2M
-18.5M
-16M

SEC Filings

NRGV - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
May 29, 2026
2026
View Filing
10-Q

10-Q 2026 Q1

Q1

May 19, 2026
March 31, 2026
2026
View Filing
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
View Filing
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
View Filing
DEF 14A

DEF 14A 2026

N/A

April 17, 2026
May 29, 2026
2026
View Filing
10-K

10-K 2025 FY

FY

March 18, 2026
December 31, 2025
2025
View Filing
8-K

8-K 2026

N/A

March 17, 2026
March 17, 2026
2026
View Filing
8-K

8-K 2026

N/A

February 27, 2026
February 25, 2026
2026
View Filing
8-K

8-K 2026

N/A

February 18, 2026
February 17, 2026
2026
View Filing
8-K

8-K 2026

N/A

February 12, 2026
February 11, 2026
2026
View Filing
Showing 1 to 10 of 125 filings

Related Guides

Blog Categories

Continue your NRGV research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens
1

Snapshot

Start with context, operating signals, and key market metrics.

2

Value Model

Stress test fair value across bear, base, and bull assumptions.

3

Statements

Validate revenue quality, margins, and balance sheet durability.

4

Earnings Call

Read management commentary and compare it with reported outcomes.

5

Dividends

Check payout sustainability and long-term distribution behavior.

6

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.