Energy Vault Reports Q4 and Full Year 2025 Financial Results

About this update from Energy Vault Holdings, Inc.

[{"type":"text","content":"Q4 2025 contract revenue backlog soared to a record $1.3 billion, up 42% sequentially from Q3 2025 and up over 300% from the prior year","length":135,"tagName":"p","attribs":{}},{"type":"text","content":"2025 Revenue of $203.7 million grew 340%+ compared to the prior year (within the original 2025 guidance range)","length":110,"tagName":"p","attribs":{}},{"type":"text","content":"2025 GAAP gross profit reached $48.0 million up nearly 8x versus the prior year, resulting in 2025 gross margin of 23.6% versus 13.4% the prior year (and well above the original 2025 guidance range)","length":198,"tagName":"p","attribs":{}},{"type":"text","content":"Q4 2025 Adjusted EBITDA improved by $23.2 million versus prior year, delivering a positive $9.8 million versus a loss of $13.4 million in the prior year","length":152,"tagName":"p","attribs":{}},{"type":"text","content":"Q4 2025 Adjusted Net Income turned positive to $3.7 million versus a loss of $25.0 million in the prior year period","length":115,"tagName":"p","attribs":{}},{"type":"text","content":"Q4 2025 GAAP Net Loss of $20.7 million improved by $41.1 million from a loss of $61.8 million in the prior year","length":111,"tagName":"p","attribs":{}},{"type":"text","content":"Cash as of December 31, 2025 climbed to $103.4 million, up 67% sequentially from Q3-25 and up over 300% versus prior year, (above the original guidance range)","length":158,"tagName":"p","attribs":{}},{"type":"text","content":"Total Megawatts (MW) now contracted, in operation and under construction accelerated from 65 MW to 540 MW in the last 12 months across Asset Vault and the new AI Digital Infrastructure portfolio, accelerating our path to the first $150 million in annualized EBITDA as these contracted projects come online over the next 18-36 months","length":332,"tagName":"p","attribs":{}},{"type":"text","content":"Estimating full year 2026 revenue of $225-300 million (for ~30% growth year-over-year at the midpoint), in addition another $75-100 million in internal Asset Vault project builds; Estimating full year 2026 gross margin of 15-25% and Year-end cash of $150-200 million","length":266,"tagName":"p","attribs":{}},{"type":"text","content":"WESTLAKE VILLAGE, Calif., March 17, 2026--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or "the Company"), a leader in susta...

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