---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-26-000116"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2026-11-10T21:30:15+00:00"
generated_at: "2026-11-10T21:31:22.985442+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Vault Q3 revenue $13.1M (-61% YoY), net loss $28.2M; backlog $2.3B, affirms 2026 revenue $290-310M

## Summary
- Q3 revenue $13.1M, down $20.3M or 61% YoY and in line with consensus; GAAP net loss $28.2M, EPS $(0.17); adjusted net loss $22.9M, $(0.14)/sh; adjusted EBITDA loss $14.7M vs $6.0M prior-year.
- GAAP gross margin 71.0% and adjusted 81.1%, boosted by $4.3M tariff refunds; excluding refunds, margins were 37.9% and 48.0%, respectively.
- Backlog $2.3B as of Nov 10, up 15% sequentially and 147% YoY, split ~$800M Build and Transfer and ~$1.5B Build, Own & Operate.
- Cash $236M, up $88M QoQ and $174M YoY; corporate recourse debt fell $12M. FY2026 revenue affirmed $290–310M, gross margin 20–22%, year-end cash $170–200M.
- Preliminary FY2027 revenue $600–700M, adjusted EBITDA $40–50M; closed Goshe 2.3GW BESS buy incl 350MW ready-to-build; Stoney Creek 125MW/1GWh grid approval; S2G $40M credit commitment.

## SEC filing metadata
- accession: 0001828536-26-000116
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2026-11-10T21:30:15+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853626000116/0001828536-26-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853626000116/nrgv-20261110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-26-000116
- JSON: https://secwatch.observer/filing/0001828536-26-000116.json
- Plain text: https://secwatch.observer/filing/0001828536-26-000116.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.