Energy Vault Holdings Inc (NRGV) FinancialsNRGVFinancialEnergy Vault Holdings Inc

Energy Vault Holdings, Inc. (NRGV) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Sale of energy storage products, accounting for 84.6% of total sales, equivalent to $14.70M. Other significant revenue streams include Tolling and PPA revenue and Operation and maintenance services. Understanding this composition is critical for investors evaluating how NRGV navigates market cycles within the Electrical Components & Equipment industry.

Evaluating the bottom line, Energy Vault Holdings, Inc. maintains a gross margin of 19.90%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -141.97%, while the net margin is -170.95%. These profitability ratios, combined with a Return on Equity (ROE) of -225.74%, provide a clear picture of how effectively NRGV converts its operational activities into shareholder value.

In the context of the broader market, NRGV competes directly with industry leaders such as NKLR and ARRY. With a market capitalization of $689.17M, it holds a significant position in the sector. When comparing efficiency, NRGV's gross margin of 19.90% stands against NKLR's N/A and ARRY's 26.75%. Such benchmarking helps identify whether Energy Vault Holdings, Inc. is trading at a premium or discount relative to its financial performance.

Energy Vault's total revenue surged to $17.4 million in Q2 2026, a 104% increase year-over-year, and gross profit rose to $5.4 million, reflecting a gross margin of 31%. Despite these improvements, the company continues to report net losses, with a net income of -29.69 million in the same quarter.