Energy Vault Holdings, Inc. (NRGV)

Energy Vault Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	51.72	46.2	341.54	145.88	-	-
Revenue Growth (YoY)	-82.87%	-86.47%	134.13%	-	-	-
Cost of Revenue	41.25	40.01	324.01	86.58	-	-
Gross Profit	10.46	6.19	17.53	59.3	-	-
Selling, General & Admin	81.84	77.77	85.72	69.2	18.9	5.99
Research & Development	19.64	25.48	36.92	42.61	7.91	8.52
Operating Expenses	136.2	134.29	123.68	119.55	26.81	14.51
Operating Income	-125.74	-128.1	-106.15	-60.26	-26.81	-14.51
Interest Expense	-2.69	-0.12	-0.04	-0	-0.01	-0.13
Interest & Investment Income	2.59	5.54	8.15	3.7	0.06	-
Currency Exchange Gain (Loss)	-0.3	-0.3	-0.22	-0.32	-1.88	-
Other Non Operating Income (Expenses)	-2	-0.63	0.05	2.42	0.02	-9.54
EBT Excluding Unusual Items	-128.13	-123.62	-98.21	-54.46	-28.61	-24.17
Merger & Restructuring Charges	-1.01	-1.56	-0.58	-20.59	-	-
Gain (Loss) on Sale of Investments	-11.73	-11.73	-	-	-	-
Gain (Loss) on Sale of Assets	0.1	0.1	-	-	-	-
Asset Writedown	0.13	-0.44	-	-2.83	-2.72	-
Other Unusual Items	-1.41	1.5	-	-	-	-
Pretax Income	-142.06	-135.75	-98.79	-77.87	-31.34	-24.17
Income Tax Expense	2.52	0.07	-0.35	0.43	0	0
Earnings From Continuing Operations	-144.58	-135.81	-98.44	-78.3	-31.34	-24.17
Minority Interest in Earnings	0.1	0.06	-	-	-	-
Net Income	-144.49	-135.75	-98.44	-78.3	-31.34	-24.17
Net Income to Common	-144.49	-135.75	-98.44	-78.3	-31.34	-24.17
Shares Outstanding (Basic)	153	150	143	123	13	1
Shares Outstanding (Diluted)	153	150	143	123	13	1
Shares Change (YoY)	4.88%	4.90%	15.91%	864.33%	854.68%	44.16%
EPS (Basic)	-0.94	-0.91	-0.69	-0.64	-2.45	-18.06
EPS (Diluted)	-0.94	-0.91	-0.69	-0.64	-2.45	-18.06
Free Cash Flow	-84.38	-114.71	-129.2	-25.67	-22.24	-18.45
Free Cash Flow Per Share	-0.55	-0.77	-0.90	-0.21	-1.74	-13.79
Gross Margin	20.23%	13.39%	5.13%	40.65%	-	-
Operating Margin	-243.14%	-277.28%	-31.08%	-41.30%	-	-
Profit Margin	-279.38%	-293.84%	-28.82%	-53.67%	-	-
Free Cash Flow Margin	-163.16%	-248.30%	-37.83%	-17.59%	-	-
EBITDA	-125.08	-127.44	-105.26	-56.31	-24.49	-14.45
EBITDA Margin	-241.86%	-275.86%	-30.82%	-38.60%	-	-
D&A For EBITDA	0.66	0.66	0.89	3.94	2.32	0.05
EBIT	-125.74	-128.1	-106.15	-60.26	-26.81	-14.51
EBIT Margin	-243.14%	-277.28%	-31.08%	-41.30%	-	-
Advertising Expenses	-	0.2	0.5	0.3	-	-

Updated May 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q