Energy Vault Holdings, Inc. (NRGV) Financial Statements (2026 and earlier)

Company Profile

Business Address 4165 EAST THOUSAND OAKS BLVD.
WESTLAKE VILLIAGE, CA 91362
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58,58530,024109,923203,037396173
Cash and cash equivalent58,26027,091109,923203,037396173
Short-term investments3252,933    
Restricted cash and investments4,71799035,63283,145  
Receivables26,75114,68228,54837,914  
Inventory, net of allowances, customer advances and progress billings1391074154,378  
Inventory1391074154,378  
Prepaid expense3,9183,4233,1316,609115 
Contract with customer, asset, after allowance for credit loss20,6316,79884,87328,978  
Deferred costs      37
Asset, held-for-sale, not part of disposal group   6,111   
Other current assets115530179  
Other undisclosed current assets6,31812,82610,91925,827  
Total current assets:121,07068,905279,582390,067511210
Noncurrent Assets
Operating lease, right-of-use asset2,2421,2061,7001,442  
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization  4,901    
Long-term investments and receivables3,3663,270    
Long-term investments3,3663,270    
Intangible asset, including goodwill, after accumulated amortization8,2774,5381,786   
Intangible asset, excluding goodwill, after accumulated amortization8,2774,5381,786   
Asset, held-in-trust     287,516 
Restricted cash and investments40,4661,992    
Deferred income tax assets40,508     
Other noncurrent assets8831,1562,64913,900  
Other undisclosed noncurrent assets96,06497,92155,03611,304  
Total noncurrent assets:191,806114,98461,17126,646287,516 
TOTAL ASSETS:312,876183,889340,753416,713288,027210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities101,22745,218106,20775,0642091
Accounts payable30,83820,25021,16560,315  
Accrued liabilities70,38924,96885,04214,7492091
Deferred revenue6,6108,9384,92349,434  
Debt56,628382738  
Other liabilities552     
Due to related parties✕✕✕✕  160
Other undisclosed current liabilities  461697787 25
Total current liabilities:165,01754,655111,854125,323209186
Noncurrent Liabilities
Long-term debt and lease obligation37,970  16  
Long-term debt, excluding current maturities37,970     
Finance lease, liability    16  
Liabilities, other than long-term debt6,2232,9785,1063,659  
Deferred revenue   1,5001,500  
Asset retirement obligations    560  
Liability, pension and other postretirement and postemployment benefits1,8372,0441,491890  
Other liabilities4,3869342,115   
Operating lease, liability    709  
Other undisclosed noncurrent liabilities15,050  218,437 
Total noncurrent liabilities:59,2432,9785,1063,67718,437 
Total liabilities:224,26057,633116,960129,00018,646186
Temporary equity, including noncontrolling interest21,156   287,500 
Equity
Equity, attributable to parent, including:67,491126,319223,793287,713(18,120)24
Common stock17151514  
Additional paid in capital555,873512,022473,271435,852 24
Accumulated other comprehensive loss(966)(1,896)(1,421)(888)  
Accumulated deficit(487,433)(383,822)(248,072)(147,265)(18,120)(1)
Other undisclosed equity, attributable to parent     11
Equity, attributable to noncontrolling interest(31)(63)    
Total equity:67,460126,256223,793287,713(18,120)24
TOTAL LIABILITIES AND EQUITY:312,876183,889340,753416,713288,027210

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues203,67146,199341,543145,877  
Cost of revenue(155,681)(40,012)(324,012)(86,580)  
Gross profit:47,9906,18717,53159,297  
Operating expenses(122,357)(136,183)(123,374)(119,552)(1,247) 
Other undisclosed operating loss   (893)(2,828)  
Operating loss:(74,367)(129,996)(106,736)(63,083)(1,247) 
Nonoperating income (expense)(5,985)566(173)3,469(2,091) 
Other nonoperating income (expense)(5,985)566(173)3,469  
Interest and debt expense(8,464)(123)(35)(2)  
Loss from continuing operations before equity method investments, income taxes:(88,816)(129,553)(106,944)(59,616)(3,339) 
Other undisclosed income (loss) from continuing operations before income taxes(7,079)(6,193)8,152(18,256)  
Loss from continuing operations before income taxes:(95,895)(135,746)(98,792)(77,872)(3,339) 
Income tax expense (benefit)(7,763)(67)349(427)259 
Loss from continuing operations:(103,658)(135,813)(98,443)(78,299)(3,080) 
Loss before gain (loss) on sale of properties:✕✕✕✕✕(3,080)✕
Other undisclosed net loss     (259) 
Net loss:(103,658)(135,813)(98,443)(78,299)(3,339) 
Net income attributable to noncontrolling interest4763    
Net loss attributable to parent:(103,611)(135,750)(98,443)(78,299)(3,339) 
Preferred stock dividends and other adjustments     (16,717) 
Other undisclosed net loss available to common stockholders, basic(857)     
Net loss available to common stockholders, diluted:(104,468)(135,750)(98,443)(78,299)(20,055) 

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(103,658)(135,813)(98,443)(78,299)(3,339) 
Comprehensive loss:(103,658)(135,813)(98,443)(78,299)(3,339) 
Comprehensive income, net of tax, attributable to noncontrolling interest4763    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent930(475)(533)(475)  
Comprehensive loss, net of tax, attributable to parent:(102,681)(136,225)(98,976)(78,774)(3,339) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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