Energy Vault reports preliminary Q4 revenue of $150-155 million

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Energy Vault Announces Unaudited Preliminary Estimates of Select Financial Information for Fourth Quarter and Year End 2025

February 11, 2026 4:13 PM EST

Q4 2025 Revenue expected to be between $150.0 million and $155.0 million, representing year-over-year (YoY) improvement of ~355%, and an increase of ~5x sequentially from Q3 2025

Q4 2025 GAAP Gross Profit expected to be between $28 million and $33 million, an increase of ~3x sequentially from Q3 2025, with a Q4 2025 Gross Margin expected to be between 18% and 22%, representing a YoY improvement of ~1,000bps and ~1,400bps,

Positive Q4 2025 Adjusted EBITDA expected to be between $5.0 million and $10.0 million, versus a loss of $13.4M in Q4 2024; Q4 2025 Net loss expected to be between $22.1 million and $9.5 million versus... More