Energy Vault Holdings, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $203.7M | $46.2M | $341.5M | $145.9M | $0 |
| Gross profit | $48.0M | $6.2M | $17.5M | $59.3M | — |
| Operating income | -$74.4M | -$130.0M | -$106.7M | -$63.1M | -$29.5M |
| Operating expenses | $122.4M | $136.2M | $124.3M | — | — |
| Cost of revenue | $155.7M | $40.0M | $324.0M | $86.6M | $0 |
| Cash from operations | -$5.6M | -$55.9M | -$92.7M | -$23.3M | -$22.1M |
| Capital expenditure | $41.1M | $58.9M | $30.4M | $2.3M | $170,000 |
| Free cash flow | -$46.7M | -$114.7M | -$123.1M | -$25.7M | -$22.2M |
| Impairments | — | $400,000 | $0 | $2.8M | $3.2M |
| Total assets | $312.9M | $183.9M | $340.8M | $416.7M | $125.3M |
| Total liabilities | $224.3M | $57.6M | $117.0M | $129.0M | $11.3M |
| Total debt | $99.6M | $0 | — | — | — |
Shares outstanding 178.2M · Free float 76.3%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.