← Energy Vault Holdings, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $0 $0 $145.9m
$341.5m +134.13%
$46.2m -86.47%
$203.7m +340.86%
$217.0m +6.55%
Cost of Goods and Services Sold — $0 $86.6m
$324.0m +274.23%
$40.0m -87.65%
$155.7m +289.09%
$169.1m +8.63%
Cost of revenue — $0 $86.6m
$324.0m +274.23%
$40.0m -87.65%
$155.7m +289.09%
$169.1m +8.63%
Depreciation, amortization, and accretion (excluding amounts included in cost of revenue) — — $7.7m
$893k -88.47%
$1.1m +18.48%
$3.4m +224.67%
$5.4m +55.84%
Net Interest Income — — $3.7m
$8.1m +119.79%
$5.4m -33.30%
($7.4m) -236.02%
($10.5m) -42.34%
Gross Profit — $0 $59.3m
$17.5m -70.44%
$6.2m -64.71%
$48.0m +675.66%
$47.9m -0.18%
Research and development — $7.9m $50.1m $37.1m $26.0m $14.6m $13.4m
Sales and marketing — $845k $12.6m $18.2m $15.8m $13.7m —
Selling and Marketing Expense — $845k $12.6m $18.2m $15.8m $13.7m $97.4m
General and administrative — $18.1m $56.9m $68.1m $63.0m $81.2m $84.9m
Amortization of Intangible Assets — — — — $400k $900k —
Restructuring And Mergern Acquisition — $0 $20.6m $0 — — —
Operating Costs and Expenses — $1.2m — — — — —
Operating Expenses $1k $1.2m — $124.3m $136.2m $122.4m $125.6m
Loss from operations — ($1.2m)
($63.1m) -4957.90%
($106.7m) -69.20%
($130.0m) -21.79%
($74.4m) +42.79%
—
Other Non Operating Income Expenses — — ($226k) ($173k) $1.6m ($6.0m) —
Operating Income (Loss) — ($1.2m)
($63.1m) -4957.90%
($106.7m) -69.20%
($130.0m) -21.79%
($74.4m) +42.79%
($77.7m) -4.45%
Interest Income, Operating — — $3.7m $8.2m $5.5m $1.1m $1.4m
Net Non Operating Interest Income Expense — — $3.7m $8.1m $5.4m ($7.4m) ($10.5m)
Foreign Currency Transaction Gain (Loss), before Tax — — ($316k) ($222k) ($300k) ($1.1m) —
Gain (Loss) on Investments — $16k — — — — —
Actuarial gain (loss) on pension — $166k ($188k) ($519k) ($640k) $667k —
Gain On Sale Of Security — — $2.3m — ($1.0m) ($8.2m) ($8.2m)
Other Nonoperating Income (Expense) — ($1.8m) $3.5m ($173k) $566k ($6.0m) —
Nonoperating Income (Expense) — ($2.1m) — — — — —
Other income (expense), net — ($1.8m) $3.5m ($173k) $566k ($6.0m) ($19.4m)
Interest Expense (non-operating) — $7k $2k $35k $123k $8.5m $11.2m
Other Income Expense — — ($21.3m) ($173k) ($11.5m) ($14.2m) ($19.4m)
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — ($52.5m) — — — ($107.6m)
Loss before income taxes — ($31.3m) ($77.9m) ($98.8m) ($135.7m) ($95.9m) —
Pre-Tax Income — ($31.3m) ($77.9m) ($98.8m) ($135.7m) ($95.9m) ($107.6m)
Provision for income taxes — $1k $427k ($349k) $67k $7.8m —
Net loss — — — ($98.4m) ($135.8m) ($103.7m) —
Net loss attributable to non-controlling interest — — — $0 ($63k) ($47k) —
Net loss attributable to Energy Vault Holdings, Inc. ($1k) ($3.3m) ($78.3m) ($98.4m) ($135.8m) ($103.6m) —
Net Income From Continuing And Discontinued Operation ($1k) ($3.3m) ($78.3m) ($98.4m) ($135.8m) ($103.6m) ($115.0m)
Net Income Continuous Operations ($1k) ($3.3m) ($78.3m) ($98.4m) ($135.8m) ($103.7m) ($115.0m)
Net Income (Loss) Attributable to Noncontrolling Interest — — — — ($63k) ($47k) ($115.0m)
Earnings Per Share, Basic $0.00 ($0.20) ($0.64) ($0.69) ($0.91) ($0.65) ($0.71)
Earnings Per Share, Diluted $0.00 ($0.20) ($0.64) ($0.69) ($0.91) ($0.65) ($0.71)
Weighted Average Number of Shares Outstanding, Basic — 32.8m 123.2m 142.9m 149.8m 160.5m 165.1m
Weighted average shares outstanding — basic (in shares) — 32.8m 123.2m 142.9m 149.8m 160.5m —
Weighted average shares outstanding — diluted (in shares) — 32.8m 123.2m 142.9m 149.8m 160.5m —
Basic Average Shares — 32.8m $123.2m $142.9m $149.8m $160.5m $165.1m
Diluted Average Shares — 32.8m $123.2m $142.9m $149.8m $160.5m $165.1m
Weighted Average Number of Shares Outstanding, Diluted — 32.8m 123.2m 142.9m 149.8m 160.5m 165.1m
Additional Financial Items
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — $0 $0 $11.7m $0 —
Provision for credit losses — — — $150k $30.0m $9.4m —
Loss on impairment and sale of long-lived assets — — — $0 $336k $0 —
Change in fair value of financial instruments carried at fair value — — — — ($1.0m) ($8.2m) —
Impairment of equity securities — — — $0 ($11.7m) $0 —
Foreign currency translation gain — $1.5m ($287k) ($14k) $165k $263k —
Depreciation Amortization Depletion Income Statement — — $7.7m $893k $1.1m $3.4m $5.4m
Depreciation And Amortization In Income Statement — — $7.7m $893k $1.1m $3.4m $5.4m
Diluted EPS $0.00 ($0.20) ($0.64) ($0.69) ($0.91) ($0.65) ($0.71)
Diluted NI Availto Com Stockholders ($1k) ($3.3m) ($78.3m) ($98.4m) ($135.8m) ($103.6m) ($115.0m)
Impairment Of Capital Assets — — $2.8m $0 $336k $0 $0
Minority Interests — — — $0 $63k $47k $9k
Normalized EBITDA — — ($49.0m) ($97.9m) ($121.5m) ($73.5m) ($87.4m)
Normalized Income — — ($61.6m) ($98.4m) ($125.4m) ($97.1m) ($110.0m)
Other Gand A — — $56.6m $67.9m $63.0m $81.2m —
Provision For Doubtful Accounts — — — $150k $30.0m $9.4m $9.4m
Reconciled Depreciation — — $7.7m $893k $1.1m $5.7m $5.4m
Selling General And Administration — — $69.2m $86.1m $78.8m $94.9m —
Special Income Charges — — ($23.4m) $0 ($12.1m) $0 $0
Tax Effect Of Unusual Items — — ($4.4m) $0 ($2.7m) ($1.7m) ($3.3m)
Tax Provision — $1k $427k ($349k) $67k $7.8m $7.4m
Tax Rate For Calcs — — $0 $0 $0 $0 $0
Write Off — — $2.8m $0 $11.7m $0 $0
Business Combination, Acquisition Related Costs — — $20.6m $0 — — —
Cost, Depreciation and Amortization — — — — — $2.3m —
Operating Expense — — $119.6m $124.3m $135.8m $122.4m $125.6m
Total other comprehensive income (loss) attributable to Energy Vault Holdings, Inc. — $1.7m ($475k) ($533k) ($475k) $930k —
Total comprehensive loss attributable to Energy Vault Holdings, Inc. — ($29.7m) ($78.8m) ($99.0m) ($136.2m) ($102.7m) —
Total Unusual Items — — ($21.1m) $0 ($13.1m) ($8.2m) ($8.3m)
Total Expenses — — $206.1m $448.3m $175.9m $278.0m $294.7m

Amounts are shown in USD as reported in each fiscal year filing.