Energy Vault | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 33.32 M

LB filings
2025.11.10 21:33
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Revenue: As of FY2025 Q3, the actual value is USD 33.32 M, missing the estimate of USD 33.99 M.

EPS: As of FY2025 Q3, the actual value is USD -0.16, missing the estimate of USD -0.1.

EBIT: As of FY2025 Q3, the actual value is USD -15.01 M.

Segment Revenue

  • Sale of Energy Storage Products: $31,749,000 for the three months ended September 30, 2025, and $44,351,000 for the nine months ended September 30, 2025.
  • Tolling and PPA Revenue: $1,118,000 for the three months ended September 30, 2025, and $1,508,000 for the nine months ended September 30, 2025.
  • Operation and Maintenance Services: $302,000 for the three months ended September 30, 2025, and $855,000 for the nine months ended September 30, 2025.
  • Software Licensing: $136,000 for the three months ended September 30, 2025, and $368,000 for the nine months ended September 30, 2025.
  • IP Licensing: $14,000 for the three months ended September 30, 2025, and $3,283,000 for the nine months ended September 30, 2025.

Operational Metrics

  • Net Loss: - $26,819,000 for the three months ended September 30, 2025, and - $82,925,000 for the nine months ended September 30, 2025.
  • Gross Profit: $9,010,000 for the three months ended September 30, 2025, and $16,402,000 for the nine months ended September 30, 2025.
  • Operating Expenses: $26,593,000 for the three months ended September 30, 2025, and $83,026,000 for the nine months ended September 30, 2025.

Cash Flow

  • Net Cash Provided by Operating Activities: $921,000 for the nine months ended September 30, 2025.
  • Net Cash Used in Investing Activities: - $32,792,000 for the nine months ended September 30, 2025.
  • Net Cash Provided by Financing Activities: $63,429,000 for the nine months ended September 30, 2025.

Unique Metrics

  • Developed Pipeline: $2,107,676,000 as of September 30, 2025.
  • Backlog: $919,719,000 as of September 30, 2025.

Future Outlook and Strategy

  • Core Business Focus: Energy Vault is focusing on expanding its portfolio of energy storage projects, including the acquisition of Stoney Creek and the development of the SOSA Energy Center. The company is also leveraging its technology portfolio to transition into owning and operating energy storage assets in select markets.
  • Non-Core Business: The company is exploring alternative sourcing options to mitigate the impact of tariffs on its B-Vault products, which are currently sourced from China.
  • Priority: The company aims to achieve a robust developed pipeline and backlog, with a focus on converting these into contracted backlog as new agreements are executed.
Source: LB filings The copyright of this article belongs to the original author/organization.
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