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Complete financial analysis of Energy Vault Holdings, Inc. (NRGV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Energy Vault Holdings, Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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Energy Vault Holdings, Inc. (NRGV)
About Energy Vault Holdings, Inc.
Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 341.54M | 145.88M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 324.01M | 86.58M | 1.25M | 0.00 | 0.00 |
| Gross Profit | 17.53M | 59.30M | -1.25M | 0.00 | 0.00 |
| Gross Profit Ratio | 5.13% | 40.65% | 0.00% | 0.00% | 0.00% |
| Research & Development | 37.10M | 50.06M | 7.91M | 8.52M | 2.06M |
| General & Administrative | 68.06M | 56.91M | 18.06M | 5.67M | 7.02M |
| Selling & Marketing | 18.21M | 12.58M | 845.00K | 311.14K | 932.91K |
| SG&A | 86.27M | 69.49M | 18.90M | 5.99M | 7.95M |
| Other Expenses | 0.00 | 3.47M | -1.79M | 2.39M | 286.98K |
| Operating Expenses | 123.37M | 119.55M | 26.81M | 14.51M | 10.01M |
| Cost & Expenses | 448.28M | 206.13M | 26.81M | 14.51M | 10.01M |
| Interest Income | 8.15M | 3.69M | 57.00K | 128.13K | 1.19M |
| Interest Expense | 35.00K | 2.00K | 7.00K | 128.13K | 1.19M |
| Depreciation & Amortization | 893.00K | 8.49M | 2.44M | 54.65K | 8.45K |
| EBITDA | -97.86M | -69.38M | -28.89M | -1.10K | -9.72M |
| EBITDA Ratio | -28.65% | -33.62% | 0.00% | 0.00% | 0.00% |
| Operating Income | -106.74M | -60.26M | -29.54M | 14.51M | 10.01M |
| Operating Income Ratio | -31.25% | -41.31% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 7.94M | -17.62M | -4.52M | -9.66M | -127.98K |
| Income Before Tax | -98.79M | -77.87M | -31.34M | -24.17M | -10.14M |
| Income Before Tax Ratio | -28.93% | -53.38% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -349.00K | 427.00K | 1.00K | 830.00 | 810.00 |
| Net Income | -98.44M | -78.30M | -31.34M | -24.17M | -10.14M |
| Net Income Ratio | -28.82% | -53.67% | 0.00% | 0.00% | 0.00% |
| EPS | -0.69 | -0.64 | -2.45 | -0.67 | -0.08 |
| EPS Diluted | -0.69 | -0.64 | -2.45 | -0.67 | -0.08 |
| Weighted Avg Shares Out | 142.85M | 123.24M | 12.78M | 35.94M | 133.63M |
| Weighted Avg Shares Out (Dil) | 142.85M | 123.24M | 12.78M | 35.94M | 133.63M |
Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault's Board of Directors granted to 3 new,...
Energy Vault Holdings, Inc. (NRGV) Q3 2024 Earnings Call Transcript
Energy Vault Holdings, Inc. (NYSE:NRGV ) Q3 2024 Earnings Call November 12, 2024 4:30 PM ET Company Participants Michael Beer - Chief Financial Officer Robert Piconi - Chairman and Chief Executive Officer Conference Call Participants Justin Clare - ROTH Capital...
Energy Vault Holdings, Inc. (NRGV) Reports Q3 Loss, Misses Revenue Estimates
Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.13 per share a year ago.
Energy Vault Announces FID Approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year Offtake Agreement with Gridmatic
WESTLAKE VILLAGE, Calif. & CUPERTINO, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced plans for the deployment of a 57 MW/114 MWh Battery Energy Storage...
Energy Vault Announces Compliance with NYSE Continued Listing Criteria
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that it received written notice from the New York Stock Exchange (the “NYSE”) stating that the...
Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
The global push towards a cleaner energy future is accelerating, but a significant piece to the puzzle remains: the intermittency of renewable energy sources like solar and wind. This challenge has fueled a market for energy storage solutions, and one...
Energy Vault EVx™ Gravity Energy Storage Technology Named a TIME Best Invention of 2024
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, is honored to announce the selection of its EVx gravity energy storage system (GESS) technology to TIME's...
Energy Vault: Upgrading To A Buy As Delisting Risk Abates
Energy Vault's stock surged after a $350M deal with Enervest Group, removing delisting risk and improving revenue visibility. Despite short-term revenue struggles, Energy Vault's long-term outlook is promising, with significant growth expected in 2024-2025. The company's proprietary gravity energy storage...
Energy Vault and Enervest Announce Agreement for 1.0 GWh Energy Storage Project for the Stoney Creek Battery Energy Storage System in New South Wales, Australia
WESTLAKE VILLAGE, Calif. & MELBOURNE, Australia--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, announced today that it has signed an agreement with Enervest Group (“Enervest”) for the...
Energy Vault Continues to Execute on Growth Strategy with Ownership of Energy Storage Projects and Launches Project Financing
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a leader in sustainable, grid-scale energy storage solutions, today announced continued progress in executing its growth strategy unveiled during the May 2024 Investor and Analyst Day. The Company is...
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