Energy Vault Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	217.02	203.67	46.2	341.54	145.88	-
Revenue Growth (YoY)	361.99%	340.86%	-86.47%	134.13%	-	-
Cost of Revenue	169.11	155.68	40.01	324.01	86.58	-
Gross Profit	47.9	47.99	6.19	17.53	59.3	-
Selling, General & Admin	97.38	94.88	78.81	86.12	69.2	18.9
Depreciation & Amortization Expenses	5.35	3.44	1.06	0.89	7.74	-
Research & Development	13.4	14.64	26	37.1	42.61	7.91
Other Operating Expenses	9.45	9.41	30.32	0.15	2.83	2.72
Total Operating Expenses	125.58	122.36	136.18	124.27	122.38	29.54
Operating Income	-77.68	-74.37	-130	-106.74	-63.08	-29.54
Interest Income	1.35	1.1	5.54	8.15	3.7	-
Interest Expense	-11.84	-8.46	-0.12	-0.04	-0	-0.01
Other Non-Operating Income (Expense)	-19.43	-14.16	-11.16	-0.17	-18.48	-1.79
Total Non-Operating Income (Expense)	-19.5	-21.53	-5.75	7.94	-14.79	-1.8
Pretax Income	-107.59	-95.9	-135.75	-98.79	-77.87	-31.34
Provision for Income Taxes	7.38	7.76	0.07	-0.35	0.43	0
Net Income	-114.96	-103.61	-135.75	-98.44	-78.3	-31.34
Minority Interest in Earnings	-0.01	-0.05	-0.06	-	-	-
Net Income to Common	-114.96	-103.61	-135.75	-98.44	-78.3	-31.34
Shares Outstanding (Basic)	165	161	150	143	123	13
Shares Outstanding (Diluted)	165	161	150	143	123	13
Shares Change (YoY)	10.20%	7.13%	4.90%	15.91%	864.33%	854.68%
EPS (Basic)	-0.71	-0.65	-0.91	-0.69	-0.64	-2.45
EPS (Diluted)	-0.71	-0.65	-0.91	-0.69	-0.64	-2.45
Shares Outstanding	172.98	168.97	153.21	146.58	138.53	35.94
Free Cash Flow	-98.08	-46.74	-114.71	-129.2	-25.67	-22.24
Free Cash Flow Per Share	-0.59	-0.29	-0.77	-0.90	-0.21	-1.74
Gross Margin	22.07%	23.56%	13.39%	5.13%	40.65%	-
Operating Margin	-35.79%	-36.51%	-281.38%	-31.25%	-43.24%	-
Profit Margin	-52.98%	-50.89%	-293.97%	-28.82%	-53.67%	-
FCF Margin	-45.20%	-22.95%	-248.30%	-37.83%	-17.59%	-
EBITDA	-68.71	-68.64	-128.94	-105.84	-55.34	-27.22
EBITDA Margin	-31.66%	-33.70%	-279.09%	-30.99%	-37.94%	-
EBIT	-77.68	-74.37	-130	-106.74	-63.08	-29.54
EBIT Margin	-35.79%	-36.51%	-281.38%	-31.25%	-43.24%	-
Effective Tax Rate	-6.86%	-8.10%	-0.05%	0.35%	-0.55%	-0.00%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q