Jun 2026 (Q2 FY26) — Aug 11, 2026
Energy Vault Q2 FY26 — Strong Backlog Growth and Raised Full-Year Guidance
Read the full callEnergy Vault earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 17.4 | +104.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -142.0 | +188.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -29.7 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $3.75 on 17 Oct 2025 → $2.77. High $6.49 (4 Jun 2026), low $2.51 (29 Jul 2026).
Overview
Call summaries
Energy Vault Q2 FY26 — Strong Backlog Growth and Raised Full-Year Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: +15% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 33 | 9 | 9 | 33 | 153 | 22 | 17 |
| Operating profit | -27 | -50 | -21 | -28 | -18 | -8 | -24 | -25 |
| Operating margin | −2258.1% | −150.6% | −244.8% | −330.7% | −52.8% | −5.0% | −110.6% | −142.0% |
| Interest | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 4 |
| Profit before tax | -27 | -62 | -21 | -33 | -21 | -21 | -32 | -29 |
| Tax rate | 0.0% | −0.1% | −1.8% | −6.3% | −26.0% | 1.1% | 0.0% | −3.0% |
| Net profit | -27 | -62 | -21 | -35 | -27 | -21 | -32 | -30 |
| EPS ($ per share) | -0.18 | — | -0.14 | -0.22 | -0.16 | — | -0.20 | -0.17 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 |
| Reserves | -69 | -147 | -248 | -384 | -487 |
| Total liabilities | 11 | 129 | 117 | 58 | 224 |
| Fixed assets | 12 | 3 | 31 | 99 | 96 |
| Investments | — | — | 0 | 3 | 0 |
| Total assets | 125 | 417 | 341 | 184 | 313 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | -22 | -23 | -93 | -56 | -6 |
| Cash from investing | -1 | -13 | -43 | -59 | -45 |
| Cash from financing | 116 | 218 | -5 | -0 | 123 |
| Net cash flow | 95 | 181 | -141 | -115 | 73 |
| Capital expenditure | -0 | -2 | -30 | -59 | -41 |
| Free cash flow | -22 | -26 | -123 | -115 | -47 |
51 filings between Nov 13, 2025 and Sep 30, 2026.
Purchases
$585.5K
11 purchases by 6 insiders
Sales
$18.09M
5 sales by 3 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SOFTBANK VISION FUND (AIV M2) L.P. | — | $16.95M | Jan 15, 2026 |
| Beer Michael Thomas | — | $717.4K | Jul 6, 2026 |
| Unwin Stephanie | — | $427.0K | Aug 26, 2026 |
| Hixon Dylan | $426.3K | — | Aug 17, 2026 |
| Piconi Robert | $94.5K | — | Mar 31, 2026 |
| Ertel Thomas R | $18.4K | — | Mar 4, 2026 |
| Mandanas Mary Beth | $18.3K | — | Mar 25, 2026 |
| Paulson Larry | $15.7K | — | Feb 27, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Ladwa Akshay Chief Operations Officer | Tax withheld | 52,721 | $209.3K |
| Sep 30, 2026 | Piconi Robert Chief Executive Officer | Tax withheld | 165,062 | $655.3K |
| Aug 26, 2026 | Unwin Stephanie Director | Sale | 115,000 | $427.0K |
| Aug 17, 2026 | Hixon Dylan Director | Purchase | 27,472 | $106.5K |
| Aug 14, 2026 | Hixon Dylan Director | Purchase | 26,809 | $100.1K |
| Aug 14, 2026 | Hixon Dylan Director | Purchase | 31,864 | $119.5K |
| Aug 14, 2026 | Hixon Dylan Director | Purchase | 26,845 | $100.2K |
| Aug 4, 2026 | Dahiya Nitin Chief Financial Officer | Award | 400,000 | $0 |
| Jul 6, 2026 | Beer Michael Thomas Chief Financial Officer | Sale | 65,000 | $265.2K |
| Jul 6, 2026 | Beer Michael Thomas Chief Financial Officer | Option exercise | 50,000 | $58.5K |
| Jun 30, 2026 | Ladwa Akshay Chief Operations Officer | Tax withheld | 52,721 | $248.3K |
| Jun 30, 2026 | Piconi Robert Chief Executive Officer | Tax withheld | 141,682 | $667.3K |
| Jun 30, 2026 | Beer Michael Thomas Chief Financial Officer | Tax withheld | 24,139 | $113.7K |
| May 29, 2026 | Mandanas Mary Beth Director | Award | 22,026 | $0 |
| May 29, 2026 | Fariello Theresa M Director | Award | 19,153 | $0 |
| May 29, 2026 | Hixon Dylan Director | Award | 19,153 | $0 |
| May 29, 2026 | Paulson Larry Director | Award | 22,026 | $0 |
| May 29, 2026 | Unwin Stephanie Director | Award | 19,153 | $0 |
| May 29, 2026 | Ertel Thomas R Director | Award | 22,026 | $0 |
| Apr 6, 2026 | Beer Michael Thomas Chief Financial Officer | Option exercise | 50,000 | $58.5K |
| Apr 6, 2026 | Beer Michael Thomas Chief Financial Officer | Sale | 65,000 | $206.7K |
| Mar 31, 2026 | Piconi Robert Chief Executive Officer | Tax withheld | 329,921 | $1.09M |
| Mar 31, 2026 | Ladwa Akshay Chief Operations Officer | Tax withheld | 147,984 | $488.3K |
| Mar 31, 2026 | Beer Michael Thomas Chief Financial Officer | Tax withheld | 28,738 | $94.8K |
| Mar 31, 2026 | Piconi Robert Chief Executive Officer | Purchase | 12,500 | $40.1K |
| Mar 25, 2026 | Mandanas Mary Beth Director | Purchase | 5,000 | $18.3K |
| Mar 12, 2026 | Ladwa Akshay Chief Operations Officer | Award | 475,000 | $0 |
| Mar 12, 2026 | Beer Michael Thomas Chief Financial Officer | Award | 150,000 | $0 |
| Mar 5, 2026 | Piconi Robert Chief Executive Officer | Tax withheld | 68,737 | $206.2K |
| Mar 5, 2026 | Ladwa Akshay Chief Operations Officer | Tax withheld | 10,064 | $30.2K |
| Mar 4, 2026 | Ertel Thomas R Director | Purchase | 5,450 | $18.4K |
| Mar 2, 2026 | Ladwa Akshay Chief Operations Officer | Purchase | 4,000 | $12.3K |
| Feb 27, 2026 | Paulson Larry Director | Purchase | 5,000 | $15.7K |
| Feb 26, 2026 | Piconi Robert Chief Executive Officer | Purchase | 7,500 | $24.4K |
| Jan 30, 2026 | Beer Michael Thomas Chief Financial Officer | Tax withheld | 77,046 | $355.2K |
| Jan 30, 2026 | Beer Michael Thomas Chief Financial Officer | Award | 200,000 | $0 |
| Jan 30, 2026 | Beer Michael Thomas Chief Financial Officer | Award | 200,000 | $0 |
| Jan 30, 2026 | Beer Michael Thomas Chief Financial Officer | Tax withheld | 103,100 | $559.8K |
| Jan 22, 2026 | Ladwa Akshay Chief Operations Officer | Tax withheld | 15,711 | $72.4K |
| Jan 22, 2026 | Wiese Christopher President, Energy Vault Labs | Tax withheld | 6,808 | $31.4K |
| Jan 22, 2026 | Piconi Robert Chief Executive Officer | Tax withheld | 91,374 | $421.2K |
| Jan 22, 2026 | Beer Michael Thomas Chief Financial Officer | Tax withheld | 15,693 | $72.3K |
| Jan 15, 2026 | SOFTBANK VISION FUND (AIV M2) L.P. 10% owner | Sale | 3,000,000 | $16.95M |
| Dec 23, 2025 | Beer Michael Thomas Chief Financial Officer | Sale | 50,000 | $245.5K |
| Dec 12, 2025 | Wiese Christopher President, Energy Vault Labs | Tax withheld | 8,751 | $30.1K |
| Dec 11, 2025 | Piconi Robert Chief Executive Officer | Tax withheld | 8,612 | $29.6K |
| Dec 11, 2025 | Ladwa Akshay Chief Operations Officer | Tax withheld | 21,594 | $74.3K |
| Nov 14, 2025 | Piconi Robert Chief Executive Officer | Purchase | 10,000 | $30.0K |
| Nov 13, 2025 | Ladwa Akshay Chief Operations Officer | Tax withheld | 9,886 | $35.0K |
| Nov 13, 2025 | Piconi Robert Chief Executive Officer | Tax withheld | 2,642 | $9.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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