Energy Vault Q3 2026 net loss widens 5% year over year to $28.16 million; Q3 2026 revenue drops 61% to $13.07 million year over year

By Public Technologies21:12 (UTC), 10 November 2026 Updated

Energy Vault's third-quarter 2026 net loss widened 5% year-over-year to $28.16 million; revenue fell 61% to $13.1 million.
Quarterly GAAP gross margin rose to 71% from a year earlier, benefiting from $4.3 million in tariff refunds.
Backlog more than doubled year-over-year to $2.3 billion as of November 10, 2026.
Completed the acquisition of 2.3 GW of U.S. battery storage development projects, including 350 MW ready to build.
Affirmed full-year 2026 revenue guidance of $290 million–$310 million; preliminary 2027 revenue guidance reached $600 million–$700 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Vault Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261110747223) on November 10, 2026, and is solely responsible for the information contained therein.