Energy Vault Holdings, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.4M | $21.9M | $153.3M | $33.3M | $8.5M | $8.5M | $33.5M | $1.2M |
| Cost of Revenue | $12.0M | $17.1M | $121.7M | $24.3M | $6.0M | $3.7M | $30.9M | $716.0K |
| Gross Profit | $5.4M | $4.8M | $31.6M | $9.0M | $2.5M | $4.9M | $2.6M | $483.0K |
| Gross Margin | 31.0% | 21.9% | 20.6% | 27.0% | 29.6% | 57.1% | 7.7% | 40.3% |
| Operating Expenses | ||||||||
| Research & Development | $2.5M | $2.6M | $3.4M | $3.4M | $4.1M | $3.8M | $6.4M | $5.7M |
| SG&A Expense | $22.7M | $21.2M | $24.8M | $19.8M | $19.1M | $17.5M | $16.4M | $15.4M |
| Operating Income | $-24.7M | $-24.2M | $-7.7M | $-17.6M | $-28.1M | $-20.9M | $-50.4M | $-27.1M |
| Operating Margin | -142.0% | -110.6% | -5.1% | -52.8% | -330.7% | -244.8% | -150.6% | -2,258.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-28.8M | $-32.5M | $-21.0M | $-21.3M | $-32.9M | $-20.8M | $-61.8M | $-26.6M |
| Income Tax Expense | $855.0K | $1.0K | $-228.0K | $5.5M | $2.1M | $383.0K | $67.0K | $0 |
| Net Income | $-29.7M | $-32.5M | $-20.7M | $-26.8M | $-34.9M | $-21.1M | $-61.8M | $-26.6M |
| Net Margin | -170.9% | -148.5% | -13.5% | -80.5% | -410.3% | -247.7% | -184.7% | -2,217.9% |
| EPS (Basic) | $-0.17 | $-0.20 | $-0.13 | $-0.16 | $-0.22 | $-0.14 | $-0.41 | $-0.18 |
| EPS (Diluted) | $-0.18 | $-0.20 | $-0.13 | $-0.16 | $-0.22 | $-0.14 | $-0.41 | $-0.18 |
| Shares Outstanding (Basic) | 178.1M | 171.9M | 160.5M | 163.3M | 156.9M | 153.7M | 149.8M | 150.8M |
| Shares Outstanding (Diluted) | 178.4M | 171.9M | 160.5M | 163.3M | 156.9M | 153.7M | 149.8M | 150.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |