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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 30.72 Bn | 28.40 Bn | 2.59 Bn | 1.83 Bn |
| 2 | Enlight Renewable Energy | 9.46 Bn | 8.16 Bn | 117.49 Mn | 807.92 Mn |
| 3 | Ormat Technologies | 6.42 Bn | 5.77 Bn | 68.70 Mn | - |
| 4 | Brookfield Renewable Partners | 4.65 Bn | 2.41 Bn | 927.00 Mn | 1.85 Bn |
| 5 | Clearway Energy | 3.45 Bn | 3.11 Bn | 332.00 Mn | 130.00 Mn |
| 6 | ReNew Energy Global | 2.48 Bn | 2.09 Bn | - | - |
| 7 | Fluence Energy | 1.46 Bn | 894.31 Mn | 33.24 Mn | -45.93 Mn |
| 8 | XPLR Infrastructure | 1.12 Bn | 1.12 Bn | 219.00 Mn | 395.00 Mn |
| 9 | Energy Vault Holdings | 621.58 Mn | 514.23 Mn | 5.38 Mn | -39.71 Mn |
| 10 | Eco Wave Power Global AB (publ) | 283.14 Mn | 283.14 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -39.71 Mn |
| Mar 31, 2026 | -60.86 Mn |
| Dec 31, 2025 | -17.01 Mn |
| Sep 30, 2025 | -27.16 Mn |
| Jun 30, 2025 | 10.70 Mn |
| Mar 31, 2025 | -13.26 Mn |
| Dec 31, 2024 | -45.37 Mn |
| Sep 30, 2024 | -36.45 Mn |
| Jun 30, 2024 | -25.08 Mn |
| Mar 31, 2024 | -7.82 Mn |
| Dec 31, 2023 | 20.15 Mn |
| Sep 30, 2023 | -551,000.00 |
| Jun 30, 2023 | -36.41 Mn |
| Mar 31, 2023 | -106.28 Mn |
| Dec 31, 2022 | 77.38 Mn |
| Sep 30, 2022 | -45.68 Mn |
| Jun 30, 2022 | -8.00 Mn |
| Mar 31, 2022 | -49.36 Mn |
| Dec 31, 2021 | -8.83 Mn |
| Sep 30, 2021 | -4.82 Mn |