Energy Vault Holdings, Inc. (NRGV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NRGV SEC filings page.
Energy Vault Holdings, Inc. (NRGV) reported $225.9M in revenue over the twelve months to Jun 30, 2026, up 336.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue recovered in 2025, but losses remained large and liquidity tightened as operations still depended on outside financing.
Gross margin reached23.6% in 2025 as operating losses narrowed, indicating better project economics without profitability. Cash conversion still lagged accounting improvement: operating cash flow was-$5.6M against free cash flow of-$46.7M , consistent with heavy reinvestment consuming cash.
FY2025 revenue was
Liquidity tightened materially: the current ratio fell from 2.5x in FY2023 to 0.7x in FY2025, meaning current obligations exceeded current assets at year-end. The balance sheet also shifted toward financing dependence, with FY2025 financing cash flow of
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Energy Vault Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Energy Vault Holdings, Inc. has an operating margin of -36.5%, meaning the company loses $37 on every $100 of revenue. This results in a profitability score of 8/100. This is up from -281.4% the prior year.
Energy Vault Holdings, Inc.'s revenue surged 340.9% year-over-year to $203.7M, reflecting rapid business expansion. This strong growth earns a score of 3/100.
Energy Vault Holdings, Inc. carries a low D/E ratio of 0.56, meaning only $0.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Energy Vault Holdings, Inc.'s current ratio of 0.73 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.
Energy Vault Holdings, Inc.'s operations used $5.6M of cash, and capex of $41.1M added to the outflow, for a free cash flow shortfall of $46.7M. This results in a cash flow score of 7/100.
Energy Vault Holdings, Inc. posts a -153.6% return on equity (ROE), meaning it loses $154 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from -107.5% the prior year.
Energy Vault Holdings, Inc. scores -0.70, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($665.5M) relative to total liabilities ($224.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Energy Vault Holdings, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Energy Vault Holdings, Inc. reported a net loss of $103.6M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Energy Vault Holdings, Inc. reported an operating loss of $74.4M against $8.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Energy Vault Holdings, Inc. generated $17.4M in revenue in Q2 2026. This represents an increase of 104.1% from the same quarter a year earlier. Against the prior quarter it is down 20.6%.
Energy Vault Holdings, Inc.'s EBITDA was -$22.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.8% from the same quarter a year earlier. Against the prior quarter it is down 3.5%.
Energy Vault Holdings, Inc. reported -$29.7M in net income in Q2 2026. This represents an increase of 15.0% from the same quarter a year earlier. Against the prior quarter it is up 8.6%.
Energy Vault Holdings, Inc. earned -$0.18 per diluted share (EPS) in Q2 2026. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.
Cash & Balance Sheet
Energy Vault Holdings, Inc. recorded an outflow of $39.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 671.6% from the same quarter a year earlier. Against the prior quarter it is up 34.7%.
Energy Vault Holdings, Inc. held $93.0M in cash against $165.0M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Energy Vault Holdings, Inc.'s gross margin was 30.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.1 percentage points.
Energy Vault Holdings, Inc.'s ROE was -433.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 394.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 326.4 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Energy Vault Holdings, Inc. invested $2.5M in research and development in Q2 2026. This represents a decrease of 37.5% from the same quarter a year earlier. Against the prior quarter it is down 1.7%.
Energy Vault Holdings, Inc. invested $9.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 8.8% from the same quarter a year earlier. Against the prior quarter it is up 29.6%.
Not reported for Q2 2026.
NRGV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.4M+104.1% | $21.9M+156.4% | $153.3M+358.0% | $33.3M+2678.9% | $8.5M+125.8% | $8.5M+10.0% | $33.5M-71.7% | $1.2M-99.3% |
| Cost of Revenue | $12.0M+100.0% | $17.1M+367.2% | $121.7M+294.1% | $24.3M+3295.1% | $6.0M+120.4% | $3.7M-35.7% | $30.9M-73.0% | $716K-99.6% |
| Gross Profit | $5.4M+113.7% | $4.8M-1.8% | $31.6M+1121.0% | $9.0M+1765.4% | $2.5M+139.8% | $4.9M+135.8% | $2.6M-35.6% | $483K-93.2% |
| R&D Expenses | $2.5M-37.5% | $2.6M-32.3% | $3.4M-47.1% | $3.4M-41.1% | $4.1M-41.4% | $3.8M-45.1% | $6.4M-15.5% | $5.7M-30.1% |
| SG&A Expenses | $22.7M+18.5% | $21.2M+21.3% | $24.8M+51.2% | $19.8M+28.5% | $19.1M+20.7% | $17.5M+14.0% | $16.4M+4.4% | $15.4M-2.5% |
| Operating Income | -$24.7M+12.4% | -$24.2M-15.8% | -$7.7M+84.6% | -$17.6M+35.1% | -$28.1M-0.9% | -$20.9M+15.2% | -$50.4M-108.3% | -$27.1M-27.5% |
| EBITDA | -$22.7M+17.8% | -$22.0M-6.8% | -$5.4M+89.3% | -$17.3M+35.6% | -$27.7M-0.2% | -$20.6M+15.4% | -$50.2M-109.3% | -$26.8M-27.7% |
| Interest Expense | $4.2M+66.6% | $3.5M+3548.4% | $3.1M+8935.3% | $2.8M+6367.4% | $2.5M+6521.1% | $95K+1087.5% | $34K+112.5% | $43K+138.9% |
| Income Tax | $855K-58.8% | $1K-99.7% | -$228K-440.3% | $5.5M | $2.1M | $383K | $67K+39.6% | $0+100.0% |
| Net Income | -$29.7M+15.0% | -$32.5M-53.7% | -$20.7M+66.5% | -$26.8M-0.8% | -$34.9M-33.4% | -$21.1M0.0% | -$61.8M-178.9% | -$26.6M-40.4% |
| EPS (Basic) | -$0.17+22.7% | -$0.20-42.9% | -$0.13+68.3% | -$0.16+11.1% | -$0.22-22.2% | -$0.140.0% | -$0.41-173.3% | -$0.18-38.5% |
| EPS (Diluted) | -$0.18+18.2% | -$0.20-42.9% | -$0.13+68.3% | -$0.16+11.1% | -$0.22-22.2% | -$0.140.0% | -$0.41-173.3% | -$0.18-38.5% |
| Diluted Shares (Avg) | 178M+13.7% | 172M+11.8% | N/A | 163M+8.3% | 157M+5.2% | 154M+4.6% | N/A | 151M+4.8% |
NRGV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $370.5M+48.9% | $298.0M+37.1% | $312.9M+70.1% | $281.9M+11.5% | $248.8M-2.7% | $217.4M-23.9% | $183.9M-46.0% | $252.9M-15.9% |
| Current Assets | $181.5M+91.3% | $103.8M+39.6% | $121.1M+75.7% | $103.2M-21.6% | $94.9M-41.4% | $74.4M-64.2% | $68.9M-75.4% | $131.7M-46.3% |
| Cash & Equivalents | $93.0M+334.5% | $55.2M+210.0% | $58.3M+115.1% | $32.7M-36.0% | $21.4M-80.0% | $17.8M-86.9% | $27.1M-75.4% | $51.1M-31.1% |
| Short-Term Investments | $332K-60.3% | $333K-90.0% | $325K-88.9% | $0 | $837K | $3.3M | $2.9M | $0 |
| Inventory | $366K | $126K+17.8% | $139K+29.9% | $7.0M+6468.2% | N/A | $107K-74.2% | $107K-74.2% | $107K-97.8% |
| Accounts Receivable | $7.2M+60.2% | $4.9M+23.5% | $25.9M+78.1% | $2.2M-3.2% | $4.5M+30.4% | $4.0M+199.6% | $14.6M-46.4% | $2.3M-91.4% |
| Long-Term Investments | $96K-93.2% | $96K | $0 | $1.4M | $1.4M | $0 | $0-100.0% | $0 |
| Total Liabilities | $337.9M+113.2% | $244.3M+138.2% | $224.3M+289.1% | $201.3M+173.0% | $158.5M+164.0% | $102.5M+39.3% | $57.6M-50.7% | $73.8M+18.5% |
| Current Liabilities | $152.2M+5.8% | $72.0M-16.5% | $165.0M+201.9% | $164.4M+133.4% | $143.8M+154.7% | $86.2M+23.5% | $54.7M-51.1% | $70.5M+19.6% |
| Non-Current Liabilities | $185.7M+1163.1% | $172.2M+957.9% | $59.2M+1889.4% | $36.9M+1018.6% | $14.7M+310.1% | $16.3M+332.2% | $3.0M-41.7% | $3.3M-0.8% |
| Long-Term Debt | $165.0M+1511.1% | $150.5M+1068.0% | $38.0M | $31.6M | $10.2M | $12.9M | $0 | N/A |
| Total Equity | $6.9M-92.4% | $30.5M-73.5% | $67.5M-46.6% | $80.5M-55.0% | $90.3M-53.8% | $114.9M-45.9% | $126.3M-43.6% | $179.1M-24.8% |
| Retained Earnings | -$549.6M-24.9% | -$519.9M-28.4% | -$487.4M-27.0% | -$466.7M-44.9% | -$439.9M-48.9% | -$405.0M-50.4% | -$383.8M-54.7% | -$322.0M-42.5% |
Not reported in any period shown, so not listed: Goodwill.
NRGV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$30.6M-299.0% | -$53.8M-1870.6% | -$6.6M+81.1% | -$11.7M-27.3% | $15.4M+220.1% | -$2.7M-388.3% | -$34.8M-248.8% | -$9.2M+62.0% |
| Depreciation & Amortization | $1.9M+305.7% | $2.2M+628.9% | $2.4M+912.4% | $298K+18.7% | $473K+69.5% | $305K+3.4% | $233K+4.5% | $251K+6.8% |
| Stock-Based Compensation | $4.4M-51.4% | $7.1M-24.0% | N/A | $10.2M-0.9% | $9.0M-5.5% | $9.3M-4.2% | N/A | $10.2M-4.3% |
| Capital Expenditures | $9.1M+8.8% | $7.1M+4.1% | $10.4M-1.0% | $15.5M-43.3% | $8.4M-31.5% | $6.8M-22.6% | $10.5M+224.6% | $27.3M+225.8% |
| Free Cash Flow | -$39.7M-671.6% | -$60.9M-539.7% | -$17.0M+62.5% | -$27.2M+25.5% | $6.9M+127.7% | -$9.5M-21.6% | -$45.4M-325.2% | -$36.4M-11.8% |
| Investing Cash Flow | -$9.1M+8.7% | $4.7M+164.4% | -$11.8M-10.9% | -$15.5M+43.3% | -$10.0M+16.9% | -$7.3M+16.6% | -$10.7M-13.8% | -$27.3M-225.8% |
| Financing Cash Flow | $74.0M+1356.1% | $61.2M+126.0% | $59.6M+7397.6% | $31.3M+15162.9% | $5.1M+389.4% | $27.1M+4091.2% | -$817K+1.2% | $205K+210.8% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NRGV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.9%+1.4pp | 21.9%-35.3pp | 20.6%+12.9pp | 27.0%-13.2pp | 29.6%+1.7pp | 57.1%+30.5pp | 7.7%+4.3pp | 40.3%+36.1pp |
| Operating Margin | -142.0% | -110.6% | -5.1% | -52.8% | -330.7% | -244.8% | -150.6% | -2258.1% |
| Net Margin | -170.9% | -148.5% | -13.5% | -80.5% | -410.3% | -247.7% | -184.7% | -2217.9% |
| Return on Equity | -433.0%-394.3pp | -106.7%-88.3pp | -30.7%+18.2pp | -33.3%-18.4pp | -38.7%-25.3pp | -18.4%-8.4pp | -49.0%-39.1pp | -14.8%-6.9pp |
| Return on Assets | -8.0%+6.0pp | -10.9%-1.2pp | -6.6%+27.0pp | -9.5%+1.0pp | -14.0%-3.8pp | -9.7%-2.3pp | -33.6%-27.1pp | -10.5%-4.2pp |
| Current Ratio | 1.19+0.5x | 1.44+0.6x | 0.73-0.5x | 0.63-1.2x | 0.66-2.2x | 0.86-2.1x | 1.26-1.2x | 1.87-2.3x |
| Debt-to-Equity | 24.07+24.0x | 4.94+4.8x | 0.56+0.6x | 0.390.0x | 0.11-0.2x | 0.11-0.2x | 0.00-0.5x | 0.41+0.2x |
| Asset Turnover | 0.050.0x | 0.070.0x | 0.49+0.3x | 0.12+0.1x | 0.030.0x | 0.040.0x | 0.18-0.2x | 0.00-0.6x |
| FCF Margin | -228.6% | -278.1% | -11.1% | -81.5% | 81.6% | -111.5% | -135.5% | -3039.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Energy Vault Holdings, Inc. NRGV | FY2025 | $203.7M | -$103.6M | -50.9% | $665.5M | 25/100 |
| Fluence Energy, Inc. FLNC | FY2025 | $2.3B | -$48.3M | -2.1% | $1.1B | 38/100 |
| NextNRG, Inc. NXXT | FY2025 | $81.8M | -$85.7M | N/A | $11.1M | 35/100 |
| Ellomay Capital LTD ELLO | FY2025 | $50.3M | -$7.5M | -14.9% | $300.5M | 31/100 |
| Verde Clean Fuels, Inc. VGAS | FY2025 | N/A | -$7.0M | N/A | $23.8M | — |
| ReNew Energy Global plc RNW | FY2025 | $1.1B | $54.0M | 4.8% | $2.5B | 25/100 |
Where Energy Vault Holdings, Inc. Ranks
Frequently Asked Questions
What is Energy Vault Holdings, Inc.'s annual revenue?
Energy Vault Holdings, Inc. (NRGV) reported $203.7M in total revenue for fiscal year 2025. This represents a 340.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Energy Vault Holdings, Inc.'s revenue growing?
Energy Vault Holdings, Inc. (NRGV) revenue grew by 340.9% year-over-year, from $46.2M to $203.7M in fiscal year 2025.
Is Energy Vault Holdings, Inc. profitable?
No, Energy Vault Holdings, Inc. (NRGV) reported a net income of -$103.6M in fiscal year 2025, with a net profit margin of -50.9%.
What is Energy Vault Holdings, Inc.'s EBITDA?
Energy Vault Holdings, Inc. (NRGV) had EBITDA of -$70.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Energy Vault Holdings, Inc. have?
As of fiscal year 2025, Energy Vault Holdings, Inc. (NRGV) had $58.3M in cash and equivalents against $38.0M in long-term debt.
What is Energy Vault Holdings, Inc.'s gross margin?
Energy Vault Holdings, Inc. (NRGV) had a gross margin of 23.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Energy Vault Holdings, Inc.'s operating margin?
Energy Vault Holdings, Inc. (NRGV) had an operating margin of -36.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Energy Vault Holdings, Inc.'s net profit margin?
Energy Vault Holdings, Inc. (NRGV) had a net profit margin of -50.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Energy Vault Holdings, Inc.'s return on equity (ROE)?
Energy Vault Holdings, Inc. (NRGV) has a return on equity of -153.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Energy Vault Holdings, Inc.'s free cash flow?
Energy Vault Holdings, Inc. (NRGV) recorded an outflow of $46.7M in free cash flow during fiscal year 2025. This represents a 59.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Energy Vault Holdings, Inc.'s operating cash flow?
Energy Vault Holdings, Inc. (NRGV) recorded an outflow of $5.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Energy Vault Holdings, Inc.'s total assets?
Energy Vault Holdings, Inc. (NRGV) had $312.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Energy Vault Holdings, Inc.'s capital expenditures?
Energy Vault Holdings, Inc. (NRGV) invested $41.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Energy Vault Holdings, Inc. spend on research and development?
Energy Vault Holdings, Inc. (NRGV) invested $14.6M in research and development during fiscal year 2025.
What is Energy Vault Holdings, Inc.'s current ratio?
Energy Vault Holdings, Inc. (NRGV) had a current ratio of 0.73 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Energy Vault Holdings, Inc.'s debt-to-equity ratio?
Energy Vault Holdings, Inc. (NRGV) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Energy Vault Holdings, Inc.'s return on assets (ROA)?
Energy Vault Holdings, Inc. (NRGV) had a return on assets of -33.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Energy Vault Holdings, Inc.'s P/E ratio?
Energy Vault Holdings, Inc. (NRGV) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $665.5M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Energy Vault Holdings, Inc.'s price-to-sales ratio?
Energy Vault Holdings, Inc. (NRGV) trades at 2.9x sales, its market capitalization divided by revenue of $225.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $665.5M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Energy Vault Holdings, Inc.'s Altman Z-Score?
Energy Vault Holdings, Inc. (NRGV) has an Altman Z-Score of -0.70, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Energy Vault Holdings, Inc.'s Piotroski F-Score?
Energy Vault Holdings, Inc. (NRGV) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Energy Vault Holdings, Inc.'s earnings high quality?
Energy Vault Holdings, Inc. (NRGV) reported a net loss of $103.6M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Energy Vault Holdings, Inc. cover its interest payments?
Energy Vault Holdings, Inc. (NRGV) reported an operating loss of $74.4M against $8.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Energy Vault Holdings, Inc.?
Energy Vault Holdings, Inc. (NRGV) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.