Filing Flows › Energy Vault Holdings (NRGV) › Q1 2026 › vs Q1 2025
Energy Vault Holdings (NRGV) Q1 2026 vs Q1 2025 (year over year)
Energy Vault Holdings's revenue rose $13.3M (+156%) from $8.5M in Q1 2025 to $21.9M in Q1 2026.
Energy Vault Holdings, Q1 2026: revenue $21.9M (+156% year over year), operating margin -110.6%, net loss $32.5M, operating cash flow −$53.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $21.9M | $8.5M | $13.3M | +156% |
| Net loss | $32.5M | $21.2M | $11.3M | +53% |
| Costs & expenses | $54.4M | $29.8M | $24.6M | +82% |
| Operating costs | $46.1M | $29.4M | $16.7M | +57% |
| Interest & other, net | $8.3M | −$102K | $8.4M | — |
| Income tax | $1K | $383K | −$382K | -100% |
| Cost of revenue | $17.1M | $3.7M | $13.4M | +367% |
| Research & development | $2.6M | $3.8M | −$1.2M | -32% |
| Sales & marketing | $2.9M | $4.1M | −$1.2M | -30% |
| General & admin | $21.2M | $17.5M | $3.7M | +21% |
| Other operating costs | $2.2M | $294K | $2.0M | +665% |
| Operating cash sources | $63.1M | $12.3M | $50.8M | +412% |
| Depreciation & amortization | $2.2M | $305K | $1.9M | +629% |
| Share-based compensation | $7.1M | $9.3M | −$2.2M | -24% |
| Cash used in operations | $53.8M | $2.7M | $51.1M | 20× |
| Net loss absorbed | $32.5M | $21.2M | $11.3M | +53% |
| Working capital & other | $30.6M | −$8.9M | $39.5M | — |
Questions
How much did Energy Vault Holdings's revenue grow year over year in Q1 2026?
Energy Vault Holdings's revenue rose $13.3M (+156%) from $8.5M in Q1 2025 to $21.9M in Q1 2026.