Mar. 18 at 11:26 AM
$NRGV $EOSE $FLNC $TSLA
Very impressive results from NRGV. These guys are really executing well and remain off the radar. Buying more here on this beat:
Q4 2025 revenue was
$153.3 million, with full-year revenue at
$203.7 million. Q4 GAAP gross profit was
$31.6 million, resulting in a 20.6% gross margin for the quarter. Full-year GAAP gross profit reached
$48 million, with a 23.6% margin.
Adjusted EBITDA in Q4 was
$9.8 million, compared to a loss of
$13.4 million in the prior year quarter.
Full-year adjusted EBITDA improved to a loss of
$21.2 million from a loss of
$58 million in 2024.
Total cash as of December 31, 2025, was
$103.4 million, up more than threefold from the prior year and 67% from Q3.
The company reported a revenue backlog of
$1.3 billion as of December 31, 2025, representing 3x growth versus the prior year.
