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Energy Vault raised 2026 revenue guidance to $290 to $310 million and introduced 2027 revenue guidance of $600 to $700 million with $40 to $50 million in EBITDA; backlog reached $2.3 billion.
Energy Vault Holdings, Inc. reported Q3 2026 revenue of $13.1 million and backlog of $2.3 billion, affirmed full-year 2026 revenue guidance of $290–310 million, and provided preliminary 2027 revenue guidance of $600–700 million.
Energy Vault Holdings, Inc.’s indirect subsidiary Development Vault, LLC entered an amended and restated delayed draw term loan facility on September 18, 2026, with up to $25,000,000 committed, $18 million outstanding, 10.0% cash interest, 7.0% deferred interest and April 16, 2030 maturity.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Backlog reached $2.3 billion, cash reached $236 million, management affirmed 2026 revenue guidance of $290–310 million and introduced preliminary 2027 guidance of $600–700 million of revenue and $40–50 million of adjusted EBITDA, while portfolio expansion and AI-project execution advanced. Q3 revenue fell 61%, the adjusted EBITDA loss widened to $14.7 million, operating expenses increased, tariff refunds inflated reported gross margins, and management expects highly concentrated quarterly delivery alongside continued market volatility.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA (non-GAAP) non-GAAP | -$17.04M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss attributable to Energy Vault Holdings, Inc. (GAAP) -29.69M
+4.19M Interest expense
-704K Interest income
+855K Provision for income taxes
+3.24M Depreciation, amortization, and accretion
+4.37M Stock-based compensation expense
+0K Reorganization expenses
+52K Provision for credit losses
-1.49M Change in fair value of financial instruments carried at fair value
+2.03M Impairment of equity securities
+179K Loss on debt extinguishment
+0K Expenses related to equity purchase agreement
+0K Net loss attributable to non-controlling interest
-73K Foreign exchange losses (gains)
= Adjusted EBITDA (non-GAAP) -17.04M
|
|||
| Adjusted Gross Margin non-GAAP | 38.6% | Q2 2026 | — |
| Adjusted gross profit (non-GAAP) non-GAAP | $6.7M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Gross profit (GAAP) 5.38M
+1.32M Add: depreciation and amortization
= Adjusted gross profit (non-GAAP) 6.7M
|
|||
| Adjusted net loss (non-GAAP) non-GAAP | -$24.63M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss attributable to Energy Vault Holdings, Inc. (GAAP) -29.69M
+4.37M Stock-based compensation expense
+0K Reorganization expenses
+52K Provision for credit losses
-1.49M Change in fair value of financial instruments carried at fair value
+2.03M Impairment of equity securities
+179K Loss on debt extinguishment
+0K Expenses related to equity purchase agreement
+0K Net loss attributable to non-controlling interest
-73K Foreign exchange losses (gains)
= Adjusted net loss (non-GAAP) -24.63M
|
|||
| Adjusted operating expenses (non-GAAP) non-GAAP | $23.7M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Operating expenses (GAAP) 30.04M
-1.92M Less: depreciation, amortization, and accretion (excluding amounts included in cost of revenue)
-4.37M Less: stock-based compensation expense
+0K Less: reorganization expenses
-52K Less: provision for credit losses
= Adjusted operating expenses (non-GAAP) 23.7M
|
|||
| Backlog | $2B | Q2 2026 | — |
| Contracted bookings | $234.09M | Three Months Ended June 30, 2026 filing | — |
| Contracted bookings (Energy) | 21 | Three Months Ended June 30, 2026 filing | — |
| Global MW under operation, construction and RTB | 1.1 | Q2 2026 | — |
| Net bookings | $234.09M | Three Months Ended June 30, 2026 filing | — |
| Net bookings (Energy) | 21 | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NRGV
this stock
Energy Vault Holdings, Inc.
|
$700.08M | -16.5% | +340.9% | — | 19.8% |
|
CYATY
Contemporary Amperex Technology Co., Limited
|
$216.19B | — | — | — | 0.0% |
|
ABLZF
Abb Ltd
|
$149.44B | +7.9% | +9.5% | — | 0.2% |
|
VRT
Vertiv Holdings Co
|
$77.81B | +24.7% | +27.7% | 37.8 | 2.9% |
|
BE
Bloom Energy Corp
|
$56.76B | +121.0% | +37.3% | 117.1 | 6.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Energy Vault Holdings, Inc. reported Q3 2026 revenue of $13.1 million and backlog of $2.3 billion, affirmed full-year 2026 revenue guidance of $290–310 million, and provided preliminary 2027 revenue guidance of $600–700 million.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NRGV | +18.8% | +35.6% | -26.7% | +24.6% | -16.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +16.2% | +36.7% | -27.2% | +24.8% | -27.1% |
