See more : Kitoku Shinryo Co., Ltd. (2700.T) 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 Schedules Conference Call to Discuss First Quarter 2023 Financial Results
LUGANO, Switzerland & 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 first quarter ended...
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Energy Vault: Gravity-Based Energy Storage For The Renewables Surge
Energy Vault is fast ramping up sales of its gravity-based batteries for long-duration energy storage. The company recorded a beat on revenue for its fiscal 2022 fourth quarter with revenue of $100 million realized.
Energy Vault Holdings, Inc. (NRGV) Q4 2022 Earnings Call Transcript
Energy Vault Holdings, Inc. (NYSE:NRGV ) Q4 2022 Earnings Conference Call March 7, 2023 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chairman & Chief Executive Officer Jan Kees van Gaalen - Chief Financial...
PG&E Teams With Energy Vault to Build and Operate the Largest Green Hydrogen Long-Duration Energy Storage System in the U.S.
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & SAN FRANCISCO--( BUSINESS WIRE )--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Pacific Gas and Electric Company (PG&E), a subsidiary of...
Energy Vault: An Interesting Bet On Gravity-Based Energy Storage
Energy Vault is a Swiss-based global energy storage company specializing in gravity and kinetic energy-based long-life energy storage solutions. The stock is currently tracked by five analysts who forecast explosive growth: over $1 billion in revenue and positive earnings per...
Energy Vault Holdings, Inc. (NRGV) Q3 2022 Earnings Call Transcript
Energy Vault Holdings, Inc. (NYSE:NRGV ) Q3 2022 Earnings Conference Call November 14, 2022 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chief Executive Officer David Hitchcock - Interim Chief Financial Officer Jan Kees...
Energy Vault Reports Third Quarter 2022 Earnings Results
LUGANO, Switzerland & 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 financial results for the third quarter ended September 30, 2022. Robert Piconi, Chairman and...
Energy Vault Issued Notice of Award From Meadow Creek Solar Farm for a 250MW/500MWh Grid-connected Battery in Victoria, Australia
MELBOURNE, Australia & LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, today announced a Notice of Award from Meadow Creek Solar Pty Ltd (“Meadow Creek” or...
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