Earnings ·
Reports Q3 revenue of $13.1M, raises backlog to $2.3B and provides preliminary FY2027 guidance
NRGVEnergy Vault Holdings, Inc.
Energy Vault Holdings reported third-quarter 2026 revenue of $13.1 million, in line with consensus estimates but down 61% year-over-year due to planned delivery timing. The company posted a GAAP net loss of $28.2 million and adjusted EBITDA loss of $14.7 million. Total cash increased 59% sequentially to $236 million. Contract backlog reached $2.3 billion, up 147% year-over-year, driven by new acquisitions including a 2.3 GW U.S. BESS portfolio from Goshe Energy Storage and grid interconnection approval for the Stoney Creek project in Australia. The company affirmed full-year 2026 revenue guidance of $290–310 million and provided preliminary full-year 2027 revenue guidance of $600–700 million with adjusted EBITDA of $40–50 million. Energy Vault is a global energy infrastructure company that builds, owns, and operates flexible, reliable energy systems for utilities and AI data centers.