Energy Vault Holdings annual free cash flow
2021
2022
2023
2024
2025
Energy Vault Holdings Free Cash Flow (FCF) History (NRGV)
Energy Vault Holdings reported −$46.7M in free cash flow for fiscal 2025, an increase of $68.0M from the previous fiscal year, with a free cash flow margin of −22.95%.
View full Energy Vault Holdings company overviewEnergy Vault Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$46.7M | $68.0M | — | −22.95% |
| 2024 | 2024-12-31 | −$114.7M | $8.4M | — | −248.30% |
| 2023 | 2023-12-31 | −$123.1M | −$97.4M | — | −36.04% |
| 2022 | 2022-12-31 | −$25.7M | −$3.4M | — | −17.59% |
| 2021 | 2021-12-31 | −$22.2M | — | — | — |
Energy Vault Holdings quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$39.7M | −$46.7M | — | −228.64% |
| Q1 2026 | 2026-03-31 | −$60.9M | −$51.3M | — | −278.14% |
| Q4 2025 | 2025-12-31 | −$17.0M | $28.4M | — | −11.10% |
| Q3 2025 | 2025-09-30 | −$27.2M | $9.3M | — | −81.53% |
| Q2 2025 | 2025-06-30 | $6.9M | $32.0M | — | +81.63% |
| Q1 2025 | 2025-03-31 | −$9.5M | −$1.7M | — | −111.47% |
| Q4 2024 | 2024-12-31 | −$45.4M | −$65.5M | — | −135.54% |
| Q3 2024 | 2024-09-30 | −$36.4M | −$3.9M | — | −3039.95% |
| Q2 2024 | 2024-06-30 | −$25.1M | $3.2M | — | −665.15% |
| Q1 2024 | 2024-03-31 | −$7.8M | $74.6M | — | −100.80% |
| Q4 2023 | 2023-12-31 | $20.1M | −$2.7M | −11.68% | +17.04% |
| Q3 2023 | 2023-09-30 | −$32.6M | −$11.3M | — | −18.93% |
| Q2 2023 | 2023-06-30 | −$28.2M | −$17.9M | — | −71.15% |
| Q1 2023 | 2023-03-31 | −$82.4M | −$65.5M | — | −721.48% |
| Q4 2022 | 2022-12-31 | $22.8M | $30.9M | — | +22.74% |
| Q3 2022 | 2022-09-30 | −$21.3M | −$16.2M | — | −1256.61% |
| Q2 2022 | 2022-06-30 | −$10.3M | −$7.3M | — | −1053.53% |
| Q1 2022 | 2022-03-31 | −$16.9M | −$10.9M | — | −39.39% |
| Q4 2021 | 2021-12-31 | −$8.1M | — | — | — |
| Q3 2021 | 2021-09-30 | −$5.1M | — | — | — |
| Q2 2021 | 2021-06-30 | −$3.0M | — | — | — |
| Q1 2021 | 2021-03-31 | −$6.0M | — | — | — |
Energy Vault Holdings free cash flow growth trends
Energy Vault Holdings's latest reported quarter, Q2 2026, generated −$39.7M in free cash flow, a decrease of $46.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Energy Vault Holdings filings at SEC.gov ↗