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NYSE · MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES

Energy Vault Holdings, Inc. NRGV

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$203.7M
▲ 340.9% YoY
$-103.6M
$-46.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Energy Vault delivers a diversified portfolio of energy storage solutions to third parties, including proprietary gravity, battery and green hydrogen-based technologies, supported by its technology-agnostic energy management software and integration capabilities. Beginning in 2024, it initiated a multi-year transition from primarily delivering projects through build-and-transfer arrangements and licensing models toward a more integrated model that includes selectively developing, owning and operating energy storage assets, while continuing to provide technology, integration, software and long-term services to customers. It sells and licenses its energy storage solutions to third parties, in addition to selectively owning and operating energy storage systems that incorporate its energy storage equipment and software. As of December 31, 2025, it employed 142 full-time employees and six part-time employees, distributed across six different countries. As of December 31, 2025, it had 32 issued patents and 19 active patent applications pending in the U.S. Energy Vault Holdings, Inc. is a Delaware corporation that, on February 11, 2022, completed a business combination with Energy Vault, Inc. and, in connection with the closing, changed its name from Novus Capital Corporation II to Energy Vault Holdings, Inc.

Written from the business description in Energy Vault Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 March 2026. Every sentence was checked against that document before publication.

Growth

USD 203.7M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 203.7 · Net income -103.6
150M300M-50M-100M
202120242025
Compound annual growth
+11.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−51 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -36.5% · Net -50.9%
-100%-200%
202120232025
ROE
FY2025 · ROE -107.0%
-50%-100%
202120232025
Three returns, three denominators.

Each USD of equity lost 107 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -46.7
-50M-100M
202120232025

Total assetsUSD 312.9M
CashUSD 58.3M
Gross debtUSD 94.6M
Net debtUSD 36.3M
Current ratio0.73×

Net debt stands at 54% of equity.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
NRGV, 5-year financial record
Metric 20252024202320222021
Revenue $B0.20.00.30.10.0
Operating income $B−0.1−0.1−0.1−0.1−0.0
EBITDA $B−0.1−0.1−0.1−0.1−0.0
Income tax $B0.00.0−0.00.00.0
Net income $B−0.1−0.1−0.1−0.1−0.0
Free cash flow $B−0.0−0.1−0.1−0.0−0.0
EPS, diluted $−0.65−0.91−0.69−0.64−2.45
Dividend / sh $◌◌◌◌◌
Payout % — not applicable: no dividend—————
ROE %−107.0−77.6−38.5——
Shares out B0.170.150.150.14◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 27 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2020

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