See more : ATIF Holdings Limited (ATIF) 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 Begins Construction of the Largest Green Hydrogen Long Duration Energy Storage System in the U.S.
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, today announced construction start of its previously announced deployment of a utility-scale green hydrogen plus battery ultra-long...
Energy Vault Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results
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, announced today that the Company will release its earnings results for the fourth quarter and full year ended...
Energy Vault Expands Global Footprint for Gravity Energy Storage with 10 Year License and Royalty Agreement Covering Southern Africa
WESTLAKE VILLAGE, Calif. & CAPE TOWN, South Africa--(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 that it has signed a new licensing and royalty agreement...
Bright Sparks: 3 Must-Buy Utilities Stocks for 2024
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Energy Vault Appoints Australian Energy Sector Leader Stephanie Unwin to Its Board Of Directors
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, announced today the appointment of Stephanie Unwin to the Company's Board of Directors effective with Energy Vault's...
Energy Vault Receives Successful Technical Due Diligence Evaluation for the Bankability of B-VAULT™ Battery Energy Storage System from Global Authority DNV
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, today announced that it has received a comprehensive, successful due diligence evaluation, commonly referred to in the...
Energy Vault Announces Participation at the Shareholder Equity Conference
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 Chairman and Chief Executive Officer, Robert Piconi, will participate in the SHARE Series event on...
Energy Vault Keeps Delivering
Energy Vault has developed EVx, a gravity-based energy storage solution, with the first project delivered in China and 7 more projects on the way. The company also delivers hybrid energy storage projects on time and it has a full pipeline...
Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on November 13, 2023, the Compensation Committee of Energy Vault's Board of Directors granted restricted stock unit awards covering an aggregate...
Energy Vault Holdings, Inc. (NRGV) Q3 2023 Earnings Call Transcript
Energy Vault Holdings, Inc. (NYSE:NRGV ) Q3 2023 Earnings Call Transcript November 9, 2023 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chairman & Chief Executive Officer Jan Kees van Gaalen - Chief Financial...
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