Energy Vault Q3 revenue $33.3M (up 27x), Adj. EBITDA loss narrows 59% to $6.0M

Energy Vault Holdings, Inc.

2025-Q3 EPS reported -$0.52 revenue$50,365,000

Revenue $33.3M vs $1.2M a year ago; GAAP gross profit $9.0M (27% margin), up 18x YoY.
Adjusted EBITDA loss improved to $6.0M from $14.7M in prior-year quarter.
Contract backlog $920M as of Sep 30, 2025, up 112% year-to-date.
Cash $61.9M (incl. restricted) up 7% sequentially; reaffirms FY2025 revenue guidance $200-250M.
Closed $300M preferred equity with OIC for Asset Vault; acquired 150MW Sosa BESS in Texas.

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