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Energy Vault Holdings NRGV Intellectual property (“IP”) licensing — Revenue

Other product segments

Sale of Energy Storage Products to Customers Under Bill-and-Hold Arrangements
$47.2M
Sale of energy storage products
$19.71M+303%
Operation and maintenance services
$444K+60.9%
Software licensing
$182K+62.5%

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$0-100%
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TXGLicense and royalty revenue — Revenue
$947K-94.4%
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ADEAIntellectual Property Licensing — Revenue
$104.77M+19.5%
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SOUNLicensing — Revenue
$7.68M+101%
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GEVLicensing Income
$9M+125%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Energy Vault Holdings’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Vault Holdings's intellectual property (“IP”) licensing — revenue?
Energy Vault Holdings (NRGV) reported intellectual property (“IP”) licensing — revenue of $15K in Q1 2026.
How has Energy Vault Holdings's intellectual property (“IP”) licensing — revenue changed year-over-year?
Energy Vault Holdings's intellectual property (“IP”) licensing — revenue decreased by 99.5% year-over-year, from $3.26M to $15K.
What is the long-term trend for Energy Vault Holdings's intellectual property (“IP”) licensing — revenue?
Over 2 years (2023 to 2025), Energy Vault Holdings's intellectual property (“IP”) licensing — revenue has grown at a 112.3% compound annual growth rate (CAGR), from $735K to $3.31M.
What does intellectual property (“IP”) licensing — revenue mean?
This metric represents the total revenue generated from granting third parties the rights to utilize the company's proprietary technology, patents, or technical intellectual property. It reflects the monetization of the company's research and development efforts through licensing agreements rather than direct product sales or service delivery. This revenue stream is a key indicator of the company's ability to leverage its innovation portfolio to generate high-margin, scalable income.