Growth Metrics

Energy Vault Holdings (NRGV) Free Cash Flow (2021 - 2026)

Energy Vault Holdings posted quarterly Free Cash Flow of -$60.9 million for Q1 2026, down 358.94% year-on-year from $23.5 million in Q1 2025, and down 721.48% on a QoQ basis from -$7.4 million in Q4 2025.

Energy Vault Holdings (NRGV) has 6 years of Free Cash Flow data on file, last reported at -$60.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 358.94% year-over-year to -$60.9 million; the trailing twelve-month figure through Mar 2026 stood at -$54.1 million (up 20.06% YoY), and the FY2025 full-year result was -$6.5 million, up 89.52% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$60.9 million, down from -$7.4 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $45.5 million in Q4 2023 and bottomed at -$74.8 million in Q1 2023.
  • The 5-year median for Free Cash Flow is -$9.9 million (2022), against an average of -$14.7 million.
  • The widest annual swing landed in 2022, when Free Cash Flow soared 415.92%; it then slumped 358.94% in 2026.
  • A 5-year view of Free Cash Flow shows it stood at $25.1 million in 2022, then surged by 81.18% to $45.5 million in 2023, then tumbled by 84.44% to $7.1 million in 2024, then plunged by 204.54% to -$7.4 million in 2025, then sank by 721.48% to -$60.9 million in 2026.
  • The last three Free Cash Flow figures came in at -$60.9 million (Q1 2026), -$7.4 million (Q4 2025), and -$252000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 AXIA Energia 193.97 Bn 191.26 Bn 1.44 Bn 660.80 Mn
2 Enlight Renewable Energy 13.10 Bn 12.57 Bn 85.64 Mn 723.48 Mn
3 Ormat Technologies 8.30 Bn 8.16 Bn 78.83 Mn -40.04 Mn
4 Fluence Energy 3.60 Bn 3.28 Bn 46.63 Mn -123.08 Mn
5 Clearway Energy 1.42 Bn 4.77 Bn 220.00 Mn 326.00 Mn
6 XPLR Infrastructure 1.16 Bn 8.69 Bn 141.00 Mn -30.00 Mn
7 Energy Vault Holdings 916.05 Mn 870.62 Mn 4.79 Mn -60.86 Mn
8 Ellomay Capital 782.29 Mn 671.00 Mn 1.49 Mn 37,631.00
9 ReNew Energy Global 342.92 Mn 58.95 Mn 269.00 Mn 208.00 Mn
10 Nextnrg 90.54 Mn 87.86 Mn 1.71 Mn -2.15 Mn

Historic Data

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DateValue
Mar 31, 2026 -60.86 Mn
Mar 31, 2026 -60.86 Mn
Dec 31, 2025 -17.01 Mn
Dec 31, 2025 -17.01 Mn
Sep 30, 2025 -27.16 Mn
Sep 30, 2025 -27.16 Mn
Jun 30, 2025 6.95 Mn
Jun 30, 2025 6.95 Mn
Mar 31, 2025 -9.51 Mn
Mar 31, 2025 -9.51 Mn
Dec 31, 2024 -85.73 Mn
Dec 31, 2024 -85.73 Mn
Sep 30, 2024 -14.57 Mn
Sep 30, 2024 -14.57 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 21.94 Mn
Dec 31, 2023 21.94 Mn
Sep 30, 2023 -9.00 Mn
Sep 30, 2023 -9.00 Mn
Jun 30, 2023 -28.23 Mn
Jun 30, 2023 -28.23 Mn
Mar 31, 2023 -82.41 Mn
Mar 31, 2023 -82.41 Mn
Dec 31, 2022 24.45 Mn
Dec 31, 2022 24.45 Mn
Sep 30, 2022 -20.61 Mn
Sep 30, 2022 -20.61 Mn
Jun 30, 2022 -10.24 Mn
Jun 30, 2022 -10.24 Mn
Mar 31, 2022 -16.95 Mn
Mar 31, 2022 -16.95 Mn
Dec 31, 2021 -7.95 Mn
Dec 31, 2021 -7.95 Mn
Sep 30, 2021 -5.14 Mn
Sep 30, 2021 -5.14 Mn
Jun 30, 2021 -3.01 Mn
Jun 30, 2021 -3.01 Mn
Mar 31, 2021 -6.01 Mn
Mar 31, 2021 -6.01 Mn