<span item_type="fundamental" item_id="3b02a80500bcf59c3cf6566e17502b83" counter_id="ST/US/NRGV" env="prod"></span><span item_type="announcement" item_id="581348744031443201" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 33.32 M, missing the estimate of USD 33.99 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.16, missing the estimate of USD -0.1.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -15.01 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Q3 2025 Revenue: $33.3 million, a significant increase from $1.2 million in the prior-year period, driven by project execution in Australia and initial contributions from Asset Vault projects.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>GAAP Gross Profit: $9.0 million, up from $0.5 million in the prior year period; gross margin was 27.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li><li>Adjusted EBITDA Loss: Improved to $6.0 million, up from a loss of $14.7 million in the prior year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li><li>Operating Expenses: GAAP operating expenses were $26.6 million, with adjusted operating expenses at $16.2 million, flat sequentially.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash as of September 30, 2025: $61.9 million, reflecting a 7% sequential increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li><li>Net Cash Provided by Operating Activities: $921 thousand for the nine months ended September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Contract Revenue Backlog: $920 million, up 112% year-to-date, reflecting new projects and agreements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li><li>Asset Vault Fund 1: Expected to contribute $100-150 million in recurring Adjusted EBITDA by year-end 2029 from 1.5GW+ in projects across high-growth markets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Reaffirming full year 2025 guidance across all key metrics, with estimated revenue of $200-250 million and gross margin of 14-16%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li><li>Targeting $75-100 million in total cash at the end of 2025, including recent Asset Vault capitalization and other growth initiatives.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li><li>Management guided to $40 million in recurring Adjusted EBITDA from its first four Asset Vault projects, accelerating to $100-150 million by year-end 2029.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/ex991_evpressreleasex2025q3.htm"></span></li></ul>

Energy Vault | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 33.32 M