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NRGV $3.94 +1.29%
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NRGV · Energy Vault Holdings, Inc.
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$3.94 +0.05 (+1.29%) At close · Oct 2
Market Cap
$800.09M
Shares
181.84M
Volume · Oct 2 2.83M Avg daily vol (3M) 4.56M
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Earnings call · FY2026 Q1

Energy Vault Holdings, Inc. (NRGV) Q1 2026 Earnings Call

Concluded May 5, 2026
May 5, 2026 0 turns
Period
FY2026 Q1
Runtime
—
Sources
3 artifacts

Executive readout · one minute

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Backlog and contract growth 53 Megawatts under management 46 AI data center and compute infrastructure 44 Gross margin and IPP economics 32 Own and operate project pipeline 25 Execution track record 22

Management tone

Confident

Net tone +85 · low hedging

Grounding quotes
  • “We delivered broad-based triple-digit growth across most all key metrics. Revenue up over 150% year-over-year. Backlog more than doubled 108% adjusted gross profit up 25%, cash up 148%”
  • “our portfolio now exceeds 1 gigawatt of assets under control that's contracted, under construction or already operating. Our backlog has grown to over $1.35 billion and over 80% of that, as you'll see, is tied to owned assets now”
  • “Every core metric, all of these capacity backlog revenue and our liquidity is fulfilling what we've outlined and what we demonstrated with our strategic shift from 2 years ago”
  • “This is no longer a forward-looking transition. It is now visible across our backlog, our asset base and our financial performance.”

Research coverage

3 live sources

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Revenue $21.88M +156.4% YoY
Diluted EPS -$0.20
Gross margin 21.9% -35.2 pp YoY
Net income -$32.48M

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Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Sale of Energy Storage Products$19.71M +303% YoY
Operation and Maintenance Services$444,000 +60.9% YoY
Software Licensing$182,000 +62.5% YoY
Intellectual Property Licensing$15,000 -99.5% YoY
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