Overview

* Energy Vault Q3 2025 revenue rises 27x yr/yr but misses analyst expectations

* Adjusted EBITDA loss narrows 59% to $6.0 mln, driven by higher revenue and gross profit

* Company closed $300 mln preferred equity agreement for Asset Vault business

Outlook

* Energy Vault ( NRGV ) reaffirms full-year 2025 guidance across all key metrics

* Company estimates 2025 revenue of $200-250 mln and gross margin of 14-16%

* Energy Vault ( NRGV ) targets $75-100 mln in total cash by end of 2025

Result Drivers

* AUSTRALIA PROJECTS - Revenue growth driven by increased Energy Storage Solutions projects in Australia and initial contributions from Asset Vault projects

* GROSS PROFIT INCREASE - Nearly 18x increase in gross profit driven by increased revenue and favorable business mix

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $33.32 $49 mln

Revenue mln (2

Analysts

)

Q3 Net -$26.82

Income mln

Q3 -$17.58

Operatin mln

g Income

Q3 -$21.28

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy."

* Wall Street's median 12-month price target for Energy Vault Holdings Inc ( NRGV ) is $4.00, about 11.8% above its November 7 closing price of $3.53

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)