Energy Vault Holdings faces financial pressure with a widened Q3 net loss of $28,162 thousand and negative stockholders' equity, even as gross margins improved to 71.0% and cash reserves reached $180,521 thousand.
Third-quarter revenue fell to $13,069 thousand from $33,319 thousand a year earlier, while the net loss widened to $(28,162) from $(26,817), and stockholders' equity turned negative at $(12,401) thousand. Offsetting this, gross margin jumped to 71.0% from 27.0%, cash rose to $180,521 thousand, and operating cash flow was positive at $69,786 thousand, so the picture is mixed rather than one-sided.
Energy Vault Holdings reported a decline in third-quarter revenue to $13,069 thousand from $33,319 thousand a year earlier. The company's net loss widened to $28,162 thousand, and stockholders' equity turned negative at $12,401 thousand. Despite these challenges, the firm maintained a cash position of $180,521 thousand and achieved a gross margin of 71.0%.
Revenue for the three months ended September 30, 2026 was $13,069 thousand, down from $33,319 thousand in the same quarter of 2025, though nine-month revenue of $52,317 thousand was slightly above the prior year's $50,365 thousand.
It posted a Q3 net loss of $(28,162) thousand and its stockholders' equity is negative at $(12,401) thousand, but it held $180,521 thousand in cash at quarter-end and generated $69,786 thousand of operating cash flow in the first nine months of 2026.