$NRGV

Energy Vault (NYSE: NRGV) reported a revenue increase in Q1 2026, reaching $21.9 million compared to $8.5 million in the prior year, primarily driven by energy storage product sales and new tolling and power purchase agreement revenue. Despite this growth, the company's net loss widened to $32.5 million from $21.1 million, attributed to increased operating and interest expenses. Energy Vault also reported significant operating cash outflows of $53.8 million, raising new debt, including $150.0 million in Senior Convertible Notes, to shore up its balance sheet and ensure continued operations for the next twelve months.