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Stocks · Technology · Miscellaneous Electrical Machinery, Equipment & Supplies

Energy Vault Holdings, Inc.

NRGV Clue Score48
United States Fiscal year ends December CIK 0001828536
$3.25 -1.81% Close, 9 Oct 2026
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Price $3.25 +45.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 14 Feb 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue0.0Operating income−29.5Net income−31.3EPS, diluted−2.45Fiscal year 2022Revenue145.9Operating income−63.1Net income−78.3EPS, diluted−0.64Fiscal year 2023Revenue341.5 +134.1%Operating income−106.7Net income−98.4EPS, diluted−0.69Fiscal year 2024Revenue46.2 −86.5%Operating income−130.0Net income−135.8EPS, diluted−0.91Fiscal year 2025Revenue203.7 +340.9%Operating income−74.4Net income−103.6EPS, diluted−0.65
FY2021FY2022FY2023FY2024FY2025
Revenue 0.0 145.9 341.5 46.2 203.7
Growth +134.1% −86.5% +340.9%
Operating income −29.5 −63.1 −106.7 −130.0 −74.4
Net income −31.3 −78.3 −98.4 −135.8 −103.6
Growth
EPS, diluted −2.45 −0.64 −0.69 −0.91 −0.65

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Fiscal year 2022Gross margin40.6%Operating margin−43.2%Net margin−53.7%Free cash flow margin−17.6%Fiscal year 2023Gross margin5.1%Operating margin−31.3%Net margin−28.8%Free cash flow margin−36.0%Fiscal year 2024Gross margin13.4%Operating margin−281.4%Net margin−293.8%Free cash flow margin−248.3%Fiscal year 2025Gross margin23.6%Operating margin−36.5%Net margin−50.9%Free cash flow margin−22.9%
FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 40.6% 5.1% 13.4% 23.6%
Operating margin n/a −43.2% −31.3% −281.4% −36.5%
Net margin n/a −53.7% −28.8% −293.8% −50.9%
Free cash flow margin n/a −17.6% −36.0% −248.3% −22.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−22.1Capital expenditure−0.2Free cash flow−22.2Fiscal year 2022Operating cash flow−23.3Capital expenditure−2.3Free cash flow−25.7Fiscal year 2023Operating cash flow−92.7Capital expenditure−30.4Free cash flow−123.1Fiscal year 2024Operating cash flow−55.9Capital expenditure−58.9Free cash flow−114.7Fiscal year 2025Operating cash flow−5.6Capital expenditure−41.1Free cash flow−46.7
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −22.1 −23.3 −92.7 −55.9 −5.6
Capital expenditure −0.2 −2.3 −30.4 −58.9 −41.1
Free cash flow −22.2 −25.7 −123.1 −114.7 −46.7
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash105.1Shareholders’ equity−68.7Fiscal year 2022Cash203.0Shareholders’ equity287.7Fiscal year 2023Cash109.9Shareholders’ equity223.8Fiscal year 2024Cash27.1Total debt0.0Net cash (debt)27.1Shareholders’ equity126.3Debt to equity0.00Fiscal year 2025Cash58.3Total debt94.6Net cash (debt)−36.3Shareholders’ equity67.5Debt to equity1.40
FY2021FY2022FY2023FY2024FY2025
Cash 105.1 203.0 109.9 27.1 58.3
Total debt n/a n/a n/a 0.0 94.6
Net cash (debt) n/a n/a n/a 27.1 −36.3
Shareholders’ equity −68.7 287.7 223.8 126.3 67.5
Debt to equity n/a n/a n/a 0.00 1.40

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a 40.6% 5.1% 13.4% 23.6%
n/a −43.2% −31.3% −281.4% −36.5%
n/a −53.4% −28.9% −293.8% −47.1%
n/a −53.7% −28.8% −293.8% −50.9%
n/a −17.6% −36.0% −248.3% −22.9%
Spending
n/a 29.2% 10.9% 56.3% 7.2%
n/a 38.8% 19.9% 136.3% 39.9%
n/a 1.6% 8.9% 127.4% 20.2%
Returns
n/a −27.2% −44.0% −107.5% −153.6%
−25.0% −18.8% −28.9% −73.8% −33.1%
Balance and payout
n/a n/a n/a 0.00 1.40
9.0% 31.0% 34.3% 31.3% 71.7%