NRGV
Energy Vault Holdings, Inc.5.0000
+0.0300+0.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
838.95MP/E (TTM)
-Basic EPS (TTM)
-0.93Dividend Yield
0%Recent Filings
10-K
FY2025 results
Energy Vault narrowed FY2025 net loss to $103.6M from $135.8M in FY2024, driven by revenue surging to $203.7M—up 341% y/y—fueled by EPC project ramp-ups in Australia and U.S. EEQ deliveries; Q4 momentum accelerated with Cross Trails (57MW/114MWh BESS) and CRC (8.5MW hybrid) hitting commercial ops in May and September, yielding $2.3M tolling revenue while gross margins expanded to 23.6% on higher IP licensing mix and warranty adjustments. Backlog ballooned to $1.3B (derived), bookings hit $1.1B, yet tariffs delayed some pipeline conversions. Asset Vault launched with $300M OIC commitment, funding 1.5GW owned projects like SOSA acquisition. Q4 capex focused on owned assets; $103M cash supports runway. Supply chain tariffs threaten quarterly momentum.
8-K
Crushed 2025 targets
Energy Vault crushed 2025 with revenue soaring 340% to $203.7M and gross margin jumping to 23.6%, fueled by Australia/U.S. projects and Asset Vault launches. Backlog hit record $1.3B; cash swelled to $103.4M. Q4 delivered positive Adjusted EBITDA of $9.8M. Guides 2026 revenue $225-300M, cash $150-200M. Backlog conversion drives execution.
8-K
Closed $10M notes option
Energy Vault closed $10M Option Notes at 5.250% due 2031 on February 27, 2026, exercising the initial purchasers' option atop $140M issued earlier. Paired with Additional Capped Call Transactions at $8.12 cap to curb dilution. Proceeds partly repaid $45M Yorkville debt on February 19. Bolsters liquidity cleanly.
8-K
Closed $140M convertible notes
Energy Vault closed its $140.0 million 5.250% Convertible Senior Notes offering on February 17, 2026, maturing March 1, 2031, with an initial conversion price of $5.1765—27.5% above the February 11 close. Capped calls entered February 11 hedge dilution up to $8.12 per share. Notes are unsecured; redemption starts March 5, 2029.
8-K
Prices $140M convertible notes
Energy Vault priced a $140 million upsized private offering of 5.250% convertible senior notes due 2031 on February 11, 2026, expecting $135.5 million in net proceeds from settlement on February 17. Proceeds will cap call transactions, redeem $35-45 million of existing debentures, and fund general corporate purposes including growth. Notes convertible at $5.18 per share, 27.5% premium to $4.06 closing price. Capped calls hedge dilution up to $8.12.
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