Filing Flows › Energy Vault Holdings (NRGV) › Q2 2026
Energy Vault Holdings (NRGV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Energy Vault Holdings (NRGV) reported revenue of $17.4M for the second quarter 2026 (Q2 2026), +104% from a year earlier and -21% from the quarter before. Operating margin was -142.0%, net loss $29.7M (170.9% of revenue).
Energy Vault Holdings, Q2 2026: revenue $17.4M (+104% year over year), operating margin -142.0%, net loss $29.7M, operating cash flow −$30.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.4M | -21% | +104% |
| Operating profit | −$24.7M | — | — |
| Net earnings | −$29.7M | — | — |
| Operating cash flow | −$30.6M | — | -299% |
What changed
Revenue was $17.4M in Q2 2026, up 104% year over year and down 21% from the previous quarter.
Gross margin was 31.0%, up 1.4 points from Q2 2025. Operating costs exceeded revenue by $24.7M, an operating margin of -142.0%. Operating expenses fell 2% while revenue rose 104%. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $29.7M, narrower than the previous quarter's $32.5M loss.
Operating cash flow was −$30.6M. Non-cash charges added back $1.9M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $7.2M. Capital expenditures of $9.1M exceeded it, leaving free cash flow of −$39.7M.
Questions
What was Energy Vault Holdings' revenue in the second quarter 2026?
Energy Vault Holdings (NRGV) reported revenue of $17.4M for the second quarter 2026 (Q2 2026), +104% from a year earlier and -21% from the quarter before.
Was Energy Vault Holdings profitable in the second quarter 2026?
Operating loss was $24.7M (-142.0% of revenue) and net loss $29.7M.