)

Energy Vault (NRGV) investor relations material
Energy Vault Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue rose 126% year-over-year to $8.5M, driven by Australian project delivery and U.S. BESS commencement.
Signed $300M preferred equity investment to fund 1.5 GW of storage projects, enabling over $1B in CapEx and targeting $100M+ recurring EBITDA in 3-4 years.
First two owned projects in Texas and California placed in service, expected to generate nearly $10M in recurring annual EBITDA.
Completed acquisition of Stoney Creek BESS in Australia, the largest in the portfolio, to add ~$20M recurring annual EBITDA when operational in 2027.
Asset Vault subsidiary will contract all product design, construction, and long-term service agreements to the parent, providing additional cash flow streams.
Financial highlights
Q2 2025 GAAP gross profit increased 140% year-over-year to $2.5M, with gross margin improving to 29.6%.
Adjusted EBITDA loss narrowed 11% year-over-year to $(13.7)M, aided by improved gross margins and $6.5M in annualized cost savings.
Q2 2025 net loss was $(34.9)M; EPS of $(0.22) compared to $(0.18) last year.
Cash balance improved 23% sequentially to $58.1M at June 30, at the high end of guidance.
Adjusted operating expenses for Q2 2025 were $16.2M, down 2% year-over-year.
Outlook and guidance
Full-year 2025 revenue expected between $200M and $250M, in line with prior guidance.
Projected Q3 cash balance between $60M and $75M, including $18M Cross Trails project financing and $27M in anticipated ITC proceeds.
Asset Vault projects expected to generate over $100M in recurring annual EBITDA within 3-4 years.
Additional $6.5M in annualized operating expense reductions implemented in June and July.
Management anticipates continued net losses and is monitoring liquidity closely.
Next Energy Vault earnings date

Next Energy Vault earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage