← Energy Vault Holdings, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | — | ($3.3m) | ($78.3m) | ($98.4m) | ($135.8m) | ($103.7m) | ($115.0m) | |
| Net loss | ($1k) | ($3.3m) | ($78.3m) | ($98.4m) | ($135.8m) | ($103.7m) | — | |
| Net Income (Loss) Attributable to Parent | — | ($3.3m) |
($78.3m)
-2245.31%
|
($98.4m)
-25.73%
|
($135.8m)
-37.90%
|
($103.6m)
+23.68%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | ($63k) | ($47k) | — | |
| Depreciation, Depletion and Amortization | — | — | $7.7m | $893k | $1.1m | $3.4m | $9.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $1.7m | — | |
| Amortization of Intangible Assets | — | — | — | — | $400k | $900k | — | |
| Depreciation | — | — | $7.7m | $900k | $700k | $5.7m | $9.0m | |
| Depreciation, amortization, and accretion | — | — | — | — | $1.1m | $5.7m | $9.0m | |
| Depreciation Amortization Depletion | — | — | $7.7m | $893k | $1.1m | $5.7m | $9.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | $0 | $0 | $0 | $7.1m | $7.1m | |
| Deferred Tax | — | — | — | — | $0 | $7.1m | $7.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $41.1m | $43.1m | $38.7m | $36.7m | $34.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $5.5m | $6.0m | $408k | $424k | — | |
| Share-based Payment Arrangement, Expense | — | — | $41.1m | $43.1m | $38.7m | $36.7m | $34.5m | |
| Stock-based compensation | — | $500k | $41.1m | $43.1m | $38.7m | $36.7m | $34.5m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $0 | $0 | $11.7m | $0 | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | ($336k) | $0 | — | |
| Loss on impairment and sale of long-lived assets | — | — | — | $0 | $336k | $0 | — | |
| Impairment of equity securities | — | — | — | $0 | $11.7m | $0 | — | |
| Asset Impairment Charge | — | — | $2.8m | $0 | $12.1m | $0 | $0 | |
| Other Nonoperating Income (Expense) | — | — | $3.5m | ($173k) | $566k | ($6.0m) | — | |
| Gain on contribution to equity method investment | — | — | — | — | $0 | ($65k) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | $0 | ($65k) | ($65k) | |
| Nonoperating Income (Expense) | — | ($2.1m) | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | $5.7m | ($37.2m) | ($1.7m) | $23.6m | ($23.4m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $37.5m | ($10.2m) | ($11.5m) | $11.3m | ($11.3m) | |
| Accounts receivable | — | $0 | ($37.5m) | $10.2m | $11.5m | ($11.3m) | ($11.3m) | |
| Change In Receivables | — | — | ($76.2m) | ($46.8m) | $65.4m | ($24.8m) | ($11.3m) | |
| Changes In Account Receivables | — | — | ($37.5m) | $10.2m | $11.5m | ($11.3m) | ($11.3m) | |
| Increase (Decrease) in Inventories | — | — | $4.4m | ($4.0m) | ($308k) | $31k | ($17k) | |
| Inventory | — | ($213k) | ($4.4m) | $4.0m | $308k | ($31k) | ($17k) | |
| Accounts payable and accrued expenses | — | $3.0m | $67.9m | $25.5m | ($66.8m) | $60.0m | — | |
| Property and equipment financed through accounts payable and accrued expenses and acquired though deferred payment obligation | — | $39k | $0 | $5.1m | $6.4m | $875k | — | |
| Change In Payables And Accrued Expense | — | — | $67.9m | $25.5m | ($66.8m) | $60.0m | $2.2m | |
| Prepaid expenses and other current assets | — | $217k | ($29.6m) | $2.9m | $8.0m | ($1.1m) | — | |
| Other assets | — | $0 | ($1.1m) | ($496k) | ($1.7m) | ($3.0m) | — | |
| Change In Other Current Assets | — | — | ($1.1m) | ($496k) | ($1.7m) | ($3.0m) | ($5.1m) | |
| Change In Other Current Liabilities | — | — | ($386k) | ($444k) | ($1.3m) | ($299k) | $76k | |
| Net Cash Provided by (Used in) Operating Activities | ($104) |
($1.2m)
-1109406.73%
|
($23.3m)
-1923.25%
|
($92.7m)
-296.88%
|
($55.9m)
+39.71%
|
($5.6m)
+89.89%
|
($56.7m)
-904.00%
|
|
| Cash flows from investing activities: | ||||||||
| Proceeds from sale of property and equipment | — | $11.2m | $0 | $0 | $447k | $0 | — | |
| Payments to Acquire Property, Plant, and Equipment | — | ($170k) | $2.3m | $30.4m | $58.9m | $41.1m | ($42.7m) | |
| Gain (Loss) on Investments | — | $16k | — | — | — | — | $1.0m | |
| Net Other Investing Changes | — | — | — | — | ($330k) | ($2.1m) | $10.2m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($287.5m) | ($13.3m) | ($42.5m) | ($58.7m) | ($44.6m) | ($32.6m) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($1.5m) | — | |
| Loss on debt extinguishment | — | — | — | — | $0 | $1.5m | — | |
| Non-cash debt and financing costs | — | — | — | — | $0 | $3.2m | — | |
| Proceeds from issuance of debt | — | — | — | — | $0 | $151.3m | $274.5m | |
| Payment of debt issuance costs | — | — | — | — | $0 | ($9.6m) | — | |
| Long Term Debt Issuance | — | — | — | — | $0 | $151.3m | $274.5m | |
| Net Issuance Payments Of Debt | — | — | ($62k) | ($47k) | ($185k) | $94.7m | $161.4m | |
| Net Long Term Debt Issuance | — | — | ($62k) | ($47k) | ($185k) | $94.7m | $161.4m | |
| Repayment of debt | — | ($765k) | $0 | ($47k) | $0 | ($56.5m) | ($113.0m) | |
| Long Term Debt Payments | — | — | ($62k) | ($47k) | ($185k) | ($56.6m) | ($113.0m) | |
| Issuance Of Capital Stock | — | $120.8m | $0 | — | $0 | $6.8m | $6.8m | |
| Proceeds from Issuance of Common Stock | — | — | $235.9m | $0 | — | $6.8m | $6.8m | |
| Common Stock Issuance | — | $116k | $0 | — | $0 | $6.8m | $6.8m | |
| Net Other Financing Charges | — | — | $209.8m | ($5.7m) | ($109k) | $20.7m | ($11.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $173k |
$288.9m
+166921.66%
|
$217.8m
-24.61%
|
($5.5m)
-102.52%
|
($252k)
+95.40%
|
$123.0m
+48929.37%
|
$157.1m
+27.71%
|
|
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $173k | $223k | $181.1m | ($140.6m) | ($115.5m) | $73.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $223k | $181.1m | ($140.6m) | ($115.5m) | $73.4m | $115.0m | |
| Beginning Cash Position | — | — | $105.1m | $286.2m | $145.6m | $30.1m | $47.2m | |
| Cash, cash equivalents, and restricted cash – beginning of the period | $173k | $396k | $286.2m | $145.6m | $30.1m | $103.4m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($49k) | $52k | ($634k) | $576k | $2.1m | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | $1.9m | ($49k) | $52k | ($634k) | $576k | $2.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $173k | $396k | $286.2m | $145.6m | $30.1m | $103.4m | $115.0m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | $100k | — | — | |
| Income Tax Expense (Benefit) | — | — | $427k | ($349k) | $67k | $7.8m | — | |
| Interest Expense Nonoperating | — | — | — | — | $123k | $8.5m | — | |
| Additional Financial Items | ||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | $95k | — | — | $43k | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | ($316k) | ($222k) | ($300k) | ($1.1m) | — | |
| General and Administrative Expense | — | — | $56.9m | $68.1m | $63.0m | $81.2m | — | |
| Operating Costs and Expenses | — | $1.2m | — | — | — | — | — | |
| Operating Expenses | — | — | — | — | $136.2m | $122.4m | — | |
| Proceeds from Stock Options Exercised | — | — | $171k | $224k | $42k | $735k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | $112k | $4.7m | $5.5m | — | |
| Non-cash interest income | — | $0 | ($365k) | ($1.4m) | ($1.4m) | ($364k) | — | |
| Provision for credit losses | — | — | $0 | $150k | $30.0m | $9.4m | — | |
| Change in fair value of financial instruments carried at fair value | — | — | — | — | $1.0m | $8.2m | — | |
| Non-cash expenses related to equity purchase agreement | — | — | — | — | $0 | $1.9m | — | |
| Foreign exchange losses | — | $64k | $316k | $222k | $300k | $1.1m | — | |
| Contract assets | — | $0 | ($29.0m) | ($57.0m) | $53.9m | ($13.4m) | — | |
| Advances to suppliers | — | — | ($24.3m) | $22.8m | ($8.6m) | ($4.5m) | — | |
| Contract liabilities | — | $0 | $49.4m | ($44.5m) | $3.1m | ($2.8m) | — | |
| Other long-term liabilities | — | $0 | ($726k) | ($444k) | ($1.3m) | ($299k) | — | |
| Investment in note receivable | — | ($1.0m) | ($2.0m) | $0 | ($330k) | ($2.1m) | — | |
| Purchase of intangible assets | — | — | — | — | $0 | ($1.4m) | — | |
| Proceeds from insurance premium financings | — | — | $0 | $1.2m | $2.7m | $2.6m | — | |
| Repayment of insurance premium financings | — | — | $0 | ($892k) | ($2.4m) | ($2.9m) | — | |
| Proceeds from issuance of redeemable non-controlling interest | — | — | — | — | $0 | $33.7m | — | |
| Payment of transaction costs related to redeemable non-controlling interest | — | — | — | — | $0 | ($2.6m) | — | |
| Proceeds from issuance of stock | $25k | $0 | $235.9m | $0 | $0 | $6.8m | — | |
| Short-swing profit recovery | — | — | — | — | $0 | $24k | — | |
| Proceeds from exercise of stock options | — | $5k | $171k | $224k | $42k | $735k | — | |
| Payment of finance lease obligations | — | ($53k) | ($62k) | ($47k) | ($185k) | ($104k) | — | |
| Payment of taxes related to net settlement of equity awards | — | $0 | ($5.5m) | ($6.0m) | ($408k) | ($424k) | — | |
| Actuarial gain (loss) on pension | — | $166k | ($188k) | ($519k) | ($640k) | $667k | — | |
| Assets acquired on finance lease | — | $44k | $37k | $108k | $60k | $87k | — | |
| Initial value of warrant liabilities | — | — | — | — | $0 | $11.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | $217.8m | ($5.5m) | ($252k) | $123.0m | $157.1m | |
| Cash Flow From Continuing Investing Activities | — | — | ($13.3m) | ($42.5m) | ($58.7m) | ($44.6m) | ($32.6m) | |
| Change In Other Working Capital | — | — | $49.4m | ($44.5m) | $3.1m | ($2.8m) | $4.2m | |
| Change In Prepaid Assets | — | — | ($29.6m) | $25.6m | ($637k) | ($5.6m) | ($13.5m) | |
| Changes In Cash | — | — | $181.1m | ($140.7m) | ($114.8m) | $72.8m | $67.8m | |
| End Cash Position | — | — | $286.2m | $145.6m | $30.1m | $103.4m | $115.0m | |
| Financing Cash Flow | — | — | $217.8m |
($5.5m)
-102.52%
|
($252k)
+95.40%
|
$123.0m
+48929.37%
|
$157.1m
+27.71%
|
|
| Free Cash Flow | — | — | ($25.7m) | ($129.2m) | ($114.7m) | ($48.1m) | ($99.5m) | |
| Gain Loss On Investment Securities | — | — | ($2.3m) | — | $1.0m | $8.2m | $1.0m | |
| Investing Cash Flow | — | — | ($13.3m) | ($42.5m) | ($58.7m) | ($44.6m) | ($32.6m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | $316k | $222k | $300k | $1.1m | $1.1m | |
| Net Intangibles Purchase And Sale | — | — | — | — | $0 | ($1.4m) | ($1.4m) | |
| Net PPE Purchase And Sale | — | — | ($2.3m) | ($36.5m) | ($58.4m) | ($41.1m) | ($41.4m) | |
| Net Preferred Stock Issuance | — | $120.7m | $0 | — | — | — | — | |
| Operating Gains Losses | — | — | ($2.0m) | $222k | $300k | $2.6m | $7.7m | |
| Other Non Cash Items | — | — | ($365k) | ($1.4m) | ($1.4m) | $4.7m | — | |
| Pension And Employee Benefit Expense | — | $92k | ($12k) | — | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | $8.0m | $224k | $42k | $735k | $769k | |
| Provisionand Write Offof Assets | — | — | $0 | $150k | $30.0m | $9.4m | $9.4m | |
| Purchase Of Intangibles | — | — | — | — | $0 | ($1.4m) | ($1.4m) | |
| Purchase Of PPE | — | — | ($2.3m) | ($36.5m) | ($58.9m) | ($41.1m) | ($42.7m) | |
| Sale Of PPE | — | — | — | $0 | $447k | $0 | $0 | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | ($143k) | — | |
| Net Investment Purchase And Sale | — | ($1.0m) | ($11.0m) | ($6.0m) | $0 | — | $0 | |
| Purchase Of Investment | — | ($1.0m) | ($11.0m) | ($6.0m) | $0 | — | $0 | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $33.7m | — | |
| Less: restricted cash at end of period | — | $0 | $83.1m | $35.6m | $3.0m | $45.2m | — | |
| Cash and cash equivalents - end of period | — | $105.1m | $203.0m | $109.9m | $27.1m | $58.3m | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $181.1m | ($140.6m) | ($115.5m) | $73.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $70k | $2k | $35k | $123k | $3.4m | — | |
| Income Taxes Paid, Net | — | $1k | $3k | $46k | $52k | $643k | — |