Every 10-Q that Energy Vault Holdings, Inc. (NRGV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NRGV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRGV filings page.
Energy Vault Holdings, Inc. reported sharply higher revenue but continued large losses for the three and six months ended June 30, 2026. Revenue rose to $17.4 million in the quarter and $39.2 million year‑to‑date, more than doubling prior‑year levels, driven mainly by energy storage product sales and growing tolling and PPA revenue. Gross profit improved to $5.4 million in the quarter, but high operating expenses, especially general and administrative costs, led to an operating loss of $24.7 million and a net loss of $29.7 million for the quarter, and $62.2 million for the first half.
Cash and cash equivalents were $93.0 million with an additional $55.0 million of restricted cash. The company used $84.4 million of cash in operating activities in the first half and funded itself with significant new debt, including $150.0 million of Senior Convertible Notes and $83.0 million of convertible debentures, increasing total debt to $264.2 million. Stockholders’ equity declined to $6.9 million as accumulated deficit grew to $549.6 million. Management states existing cash is expected to cover obligations for at least 12 months. Remaining performance obligations under customer contracts totaled $362.0 million, with most expected to convert to revenue within a year, providing visibility into near‑term activity.
Energy Vault Holdings, Inc. reported strong revenue growth but continued losses for the quarter ended March 31, 2026. Revenue rose to $21.9 million from $8.5 million a year earlier, driven mainly by higher sales of energy storage products and new tolling and power purchase agreement revenue.
The company recorded a net loss of $32.5 million, compared with a $21.1 million loss in the prior-year quarter, as operating expenses and interest expense increased. Operating cash outflows were significant, with net cash used in operating activities of $53.8 million.
To bolster its balance sheet, Energy Vault issued $150.0 million of Senior Convertible Notes due 2031 and ended the quarter with $55.2 million of cash and cash equivalents and total restricted cash of $61.9 million. Total debt outstanding reached $188.2 million. Management expects existing cash, cash equivalents, and restricted cash to fund operations for at least the next twelve months.
Energy Vault Holdings (NRGV) reported a sharp jump in activity for the quarter ended September 30, 2025. Revenue reached $33.3 million versus $1.2 million a year ago, driven mainly by sale of energy storage products ($31.7 million) and initial contributions from tolling and PPA ($1.1 million). Gross profit was $9.0 million. The company recorded a net loss of $26.8 million (basic and diluted loss per share $0.16).
Cash and cash equivalents were $32.7 million, with restricted cash increasing to $29.2 million, largely tied to debt financing and customer projects. Total debt outstanding was $69.4 million, including CRC Senior Notes, a Cross Trails Senior Note, sale-of-future-receipts arrangements, and an initial $30.0 million tranche of senior unsecured convertible debentures. Operating cash flow was $0.9 million year-to-date, aided by a $53.6 million increase in contract liabilities. Remaining performance obligations totaled $280.0 million, most expected to convert within 12 months. Shares outstanding were 167,790,003 as of November 7, 2025.
Energy Vault (NRGV) Q2 2025 10-Q highlights
- Top-line growth: Revenue rose 126% YoY to $8.5 m (6-mo +48% to $17.0 m) driven by energy-storage product sales and first tolling-lease income.
- Margins: Gross profit doubled to $2.5 m; gross margin 29.6% vs 27.8% prior year.
- Losses widen: Operating loss -$28.1 m (flat YoY) but higher interest expense on new debt pushed net loss to -$34.9 m (-$0.22/sh) vs -$26.2 m.
- Balance sheet shift: Cash & equivalents fell to $21.4 m (-21% YTD) while restricted cash rose to $36.7 m tied to project financings. Debt introduced: $33.4 m carrying amount (CRC Senior Notes & Cross Trails bridge), lifting total liabilities to $158.5 m vs $57.6 m at 12/24.
- Contract pipeline: Contract liabilities jumped to $65.7 m (vs $8.9 m), implying strong backlog but also large advance payments.
- Cash flow: Operating cash +$12.6 m mainly from $56 m increase in deferred revenue; capex outflow -$15.2 m for project build-outs.
- Liquidity plan: Management cites $17.8 m Cross Trails term loan (July 23), $39.9 m ITC sale and $45 m equity purchase lines to fund operations; asserts 12-mo going-concern coverage.
- Risks: Continued net losses, NYSE price-deficiency notice, rising credit-loss allowances ($36.1 m) and leverage; equity dilution (shares +7.5 m YTD to 160.7 m).