Energy Vault Q3 revenue misses estimates

Energy Vault Holdings

10/11/2025 21:37

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 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 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/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$33.32 mln
$49 mln (2 Analysts)
Q3 Net Income
-$26.82 mln
Q3 Operating Income
-$17.58 mln
Q3 Pretax Profit
-$21.28 mln


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 is $4.00, about 11.8% above its November 7 closing price of $3.53

Press Release: ID:nBw8d4ZKsa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)