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Energy Vault Holdings NRGV Foreign — PP&E (Net)

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Other financials

Income statement

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Revenue$21.9M+156%
Gross profit$4.8M-1.8%
Operating income-$24.2M-15.8%
Net income-$32.5M-53.7%
EPS (diluted)-$0.20-42.9%

Balance sheet

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Cash & equivalents$117.1M+148%
Total debt$211.4M+643%
Total equity$30.5M-73.5%
Total assets$298.0M+37.1%

Cash flow

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Operating cash flow-$53.8M-1,871%
CapEx$7.1M+4.1%
Free cash flow-$60.9M-540%

Valuation

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Market cap$759.33M+502%
Enterprise value$853.62M+695%
P/S3.5×+0.8×

Profitability

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Gross margin22.1%+2.9pp
Operating margin-35.8%-16.6pp
Net margin-53%-23.8pp
FCF margin-247.8%

Returns & leverage

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Return on equity-158.2%+1,524pp
Debt / equity6.9×+6.7×
Current ratio1.4×+0.6×

Where this comes from

Reported directly by Energy Vault Holdings in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

The official record: Energy Vault Holdings’s 10-K, filed March 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Vault Holdings's foreign — PP&E (net)?
Energy Vault Holdings (NRGV) reported foreign — PP&E (net) of $3.92M in Q4 2025.
What does foreign — PP&E (net) mean?
This metric represents the net book value of tangible assets, such as machinery, infrastructure, and facilities, located outside the company's primary country of operations. It reflects the capital investment deployed in international markets to support grid-scale energy storage projects and operational capacity. Monitoring this figure helps investors assess the scale of the company's global physical footprint and its commitment to international market expansion.