See more : Armstrong Flooring, Inc. (AFIIQ) Income Statement Analysis – Financial Results
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 September 24, 2024, the Compensation Committee of Energy Vault's Board of Directors granted restricted stock unit...
Energy Vault Holdings, Inc. (NRGV) Q2 2024 Earnings Call Transcript
Energy Vault Holdings, Inc. (NYSE:NRGV ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Michael Beer - Chief Financial Officer Robert Piconi - Chief Executive Officer Conference Call Participants Thomas Boyes - TD Cowen Stephen...
Energy Vault Holdings, Inc. (NRGV) Reports Q2 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 $0.11. This compares to loss of $0.18 per share a year ago.
Keep Energy Vault On Your Radar Despite Big Revenue Drop In 2024
Energy Vault Inc. deployed the world's first grid-scale gravity energy storage system in China, partnering with various companies and government agencies. Despite a significant drop in stock price, Energy Vault's long-term outlook is positive, with revenue growth expected in 2024-2025...
Energy Vault Executes EPC and O&M Contract with ACEN Australia for 200 MW/400 MWh of Battery Energy Storage Deployments
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the execution of a contract with ACEN Australia for the previously announced deployments of two battery energy storage...
Energy Vault and Skidmore, Owings & Merrill (SOM) Announce Exclusive Global Gravity Energy Storage Partnership to Integrate Energy Storage into Building Design
WESTLAKE VILLAGE, Calif. & NEW YORK--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive...
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 on May 16, 2024, the Compensation Committee of Energy Vault's Board of Directors granted (i) to 1 new,...
Inszone Insurance Services Marks 15th Acquisition in Texas with Addition of Brazos Valley Insurance Agency
SACRAMENTO, Calif.--(BUSINESS WIRE)-- #agencyacquisition--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, proudly announces its 15th acquisition in the state of Texas with the successful integration of Brazos Valley Insurance Agency. This strategic move further...
Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd...
Energy Vault Holdings, Inc. (NRGV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
The latest trading day saw Energy Vault Holdings, Inc. (NRGV) settling at $1.23, representing a -1.6% change from its previous close.
Source: https://incomestatements.info
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