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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›NRGV›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Energy Vault Holdings, Inc. (NRGV) financials

Income statement

Energy Vault Holdings, Inc. (NRGV) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue—$0.00$146M$342M$46.2M$204M
Revenue growth———134.1%-86.5%340.9%
Gross profit——$59.3M$17.5M$6.19M$48.0M
Gross margin——40.6%5.1%13.4%23.6%
Operating income—-$29.5M-$63.1M-$107M-$130M-$74.4M
Operating margin——-43.2%-31.3%-281.4%-36.5%
Net income—-$31.3M-$78.3M-$98.4M-$136M-$104M
Net margin——-53.7%-28.8%-293.8%-50.9%
EPS (diluted)—-$2.45-$0.64-$0.69-$0.91-$0.65

Cash flow

Energy Vault Holdings, Inc. (NRGV) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow—-$22.1M-$23.3M-$92.7M-$55.9M-$5.65M
Capital expenditures—$170K$2.32M$30.4M$58.9M$41.1M
Free cash flow—-$22.2M-$25.7M-$123M-$115M-$46.7M

Balance sheet

Energy Vault Holdings, Inc. (NRGV) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$173K$105M$203M$110M$27.1M$58.3M
Total assets$210K$125M$417M$341M$184M$313M
Total liabilities$186K$11.3M$129M$117M$57.6M$224M
Long-term debt————$0.00$38.0M
Shareholders' equity-$39.6M-$68.7M$288M$224M$126M$67.5M
Retained earnings-$1.10K-$69.0M-$147M-$248M-$384M-$487M
Shares (wtd avg diluted)—12.8M123M143M150M161M

Every figure is extracted from Energy Vault Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Energy Vault Holdings, Inc.'s annual revenue?
Energy Vault Holdings, Inc. (NRGV) reported $204M of revenue for fiscal year 2025 — up 340.9% from $46.2M in FY2024, per its annual report filed with the SEC.
Is Energy Vault Holdings, Inc. profitable?
Not in FY2025 — NRGV reported a net loss of $104M, per SEC filings.
What is Energy Vault Holdings, Inc.'s free cash flow?
-$46.7M in FY2025 (operating cash flow -$5.65M minus $41.1M of capital expenditures), from the SEC cash-flow statement.
Does NRGV pay a dividend?
Energy Vault Holdings, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full NRGV analysis — verdict, score & filings →Is NRGV a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.