Energy Vault Holdings (NRGV) Tops Q4 EPS by 2c, Beats on Revenue; Offers FY26 Revenue Guidance

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Energy Vault Reports Q4 and Full Year 2025 Financial Results

March 17, 2026 4:05 PM EDT

Q4 2025 contract revenue backlog soared to a record $1.3 billion, up 42% sequentially from Q3 2025 and up over 300% from the prior year

2025 Revenue of $203.7 million grew 340%+ compared to the prior year (within the original 2025 guidance range)

2025 GAAP gross profit reached $48.0 million up nearly 8x versus the prior year, resulting in 2025 gross margin of 23.6% versus 13.4% the prior year (and well above the original 2025 guidance range)

Q4 2025 Adjusted EBITDA improved by $23.2 million versus prior year, delivering a positive $9.8 million versus a loss of $13.4 million in the... More