Energy Vault Holdings (NRGV) Free Cash Flow (2021 - 2026)
Energy Vault Holdings' (NRGV) quarterly Free Cash Flow came in at -$60.9 million in Q1 2026, down 358.94% YoY from $23.5 million in Q1 2025, and down 362.25% on a QoQ basis from $23.2 million in Q4 2025.
Energy Vault Holdings (NRGV) Free Cash Flow (2021 - 2026) Analysis & Trends
Energy Vault Holdings (NRGV) has 6 years of Free Cash Flow data on file, last reported at -$60.9 million in Q1 2026.
- Quarterly Free Cash Flow fell 358.94% year-over-year to -$60.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$54.1 million (up 24.49% YoY) and the FY2025 annual result came in at -$6.5 million, up 89.52% from the prior year.
- Free Cash Flow slipped to -$60.9 million in Q1 2026, from $23.2 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $79.7 million in Q4 2022 to a low of -$82.4 million in Q1 2023.
- A 5-year average of -$14.7 million and a median of -$13.3 million in 2025 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 1101.96% in 2022, down 1383.41% in 2022.
- Tracing NRGV's Free Cash Flow over 5 years: stood at $79.7 million in 2022, then tumbled by 42.88% to $45.5 million in 2023, then plunged by 84.44% to $7.1 million in 2024, then surged by 227.48% to $23.2 million in 2025, then slumped by 362.25% to -$60.9 million in 2026.
- The last three Free Cash Flow figures came in at -$60.9 million (Q1 2026), $23.2 million (Q4 2025), and -$30.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.86 Bn | 10.69 Bn | 117.49 Mn | -639.01 Mn |
| 2 | Ormat Technologies | 6.97 Bn | 6.31 Bn | 68.70 Mn | - |
| 3 | Brookfield Renewable Partners | 4.63 Bn | 2.13 Bn | 623.00 Mn | 1.85 Bn |
| 4 | Clearway Energy | 3.79 Bn | 3.45 Bn | 332.00 Mn | 130.00 Mn |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 208.00 Mn |
| 6 | Fluence Energy | 1.83 Bn | 1.27 Bn | 33.24 Mn | -45.93 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 584.55 Mn | - | 395.00 Mn |
| 8 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 660.80 Mn |
| 9 | Energy Vault Holdings | 671.14 Mn | 602.39 Mn | 4.79 Mn | -60.86 Mn |
| 10 | Eco Wave Power Global AB (publ) | 342.25 Mn | 342.25 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -60.86 Mn |
| Mar 31, 2026 | -60.86 Mn |
| Dec 31, 2025 | 23.21 Mn |
| Dec 31, 2025 | 23.21 Mn |
| Sep 30, 2025 | -30.87 Mn |
| Sep 30, 2025 | -30.87 Mn |
| Jun 30, 2025 | 14.40 Mn |
| Jun 30, 2025 | 14.40 Mn |
| Mar 31, 2025 | -13.26 Mn |
| Mar 31, 2025 | -13.26 Mn |
| Dec 31, 2024 | 7.09 Mn |
| Dec 31, 2024 | 7.09 Mn |
| Sep 30, 2024 | -54.93 Mn |
| Sep 30, 2024 | -54.93 Mn |
| Jun 30, 2024 | -10.56 Mn |
| Jun 30, 2024 | -10.56 Mn |
| Mar 31, 2024 | -3.85 Mn |
| Mar 31, 2024 | -3.85 Mn |
| Dec 31, 2023 | 45.53 Mn |
| Dec 31, 2023 | 45.53 Mn |