Energy Vault Holdings, Inc. (NRGV)

From the record

Energy Vault Holdings, Inc.'s filings since 2020 show 12 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-04-21); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2021-11-17); an auditor change (8-K item 4.01, the latest 2022-02-14); a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2026-05-18) (its current reports).

From the record

Energy Vault Holdings, Inc.'s 5 filed years say what it did: it rose in 2 of 3 years; the deepest fall was 86% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 5 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Energy Vault Holdings, Inc. lost about 154 cents for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 78 cents per dollar of assets, and net share issuance: its share count grew 7.1% over the year (the filed statements).

From the record

Energy Vault Holdings, Inc.'s standing among 39 graded names in its industry family: revenue of $204 million in fiscal 2025 ranks in the top 28% by size; a net margin of -50.9% ranks in the top 42%; revenue growth of 11.8% a year over the last 3 filed years ranks in the bottom 47% (its annual reports).

From the record

Energy Vault Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Piconi, Robert (Chief Executive Officer, as filed), filing under that title since the record of its people begins (2022-02-11), so the years before are not on the record and this part is not read; the 11 officers and directors filing in the last fifteen months have been on the record a median of 3.7 years (bottom 48%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Energy Vault Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $103 million against debt of $38 million leaves 20.9% of its assets as net cash, top 18% of its family; cash from operations less capital spending is -22.9% of revenue (top 45%); a gross margin of 23.6% (bottom 44%); research spending of 7.2% of revenue (bottom 44%) (its annual report).

From the record

Energy Vault Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew 341.3% (top 7%); research spending grew -30% a year (bottom 8%); capital spending grew 160.7% a year (top 5%) (its annual reports). Energy Vault Holdings, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Energy Vault Holdings, Inc.'s newest year against its own record: revenue of $204 million in fiscal 2025 came in 683.1% above the $26 million its prior three years' pace pointed to (top 7% of its family); net income of $104 million against a prior three-year average of $104 million (top 44%); a net margin of -50.9% against losses larger than its revenue before (top 19%) (its annual reports).