Energy Vault Holdings (NRGV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Energy Vault Holdings

NYSE•Utilities•Utilities - Renewable

$4.31+0.10(0.02%)Market closed

Market Cap

$753.38M

P/S

3.3x

P/B

109.9x

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Growth (19/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability10/25

Growth19/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality7/25

Strengths

Growing revenueProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 3.3x5y range 0.4x – 8.1x

Currently above its 18-quarter median.

P/B · 109.9x5y range 0.3x – 109.9x

Currently above its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $753.38M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $225.87M
Q. Revenue: $17.37M
TTM EBITDA: $-67.39M
TTM Op. Income: $-74.19M
Q. Op. Income: $-24.66M
TTM Net Income: $-109.72M
Q. Net Income: $-29.69M
EPS: $-0.17
Shares Out.: $178.10M

$225.87M in TTM revenue grew 336.8% YoY, reaching $17.37M last quarter. TTM EBITDA of $-67.39M and TTM operating income of $-74.19M show growth is flowing through to the bottom line. However, net income is negative at $109.72M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.0%
EBITDA Margin: -130.9%
Op. Margin: -142.0%
Net Margin: -170.9%

Op. margin of -142.0% is up 188.7% YoY — cost efficiency is improving. Net margin at -170.9% and gross margin of 31.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 3.3x
P/B Ratio: 109.9x

P/S of 3.3x and P/B of 109.9x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $370.53M
Cash: $93.04M
Long-Term Debt: $165.04M
Book Value: $6.86M
D/E Ratio: 24.1
Debt/EBITDA: N/A

With $370.53M in assets and $165.04M in long-term debt, D/E is 24.1and book value is $6.86M — elevated leverage, meaning significant financial risk in a downturn. Across the last 6 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-30.56M
TTM Free Cash Flow: $-144.74M
FCF Margin: -64.1%
FCF / Net Income: 1.3

TTM FCF of $-144.74M on $-30.56M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.