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Energy Vault Holdings NRGV Business Segments — Cost of revenue

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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:CostOfRevenue.

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 business segments — cost of revenue?
Energy Vault Holdings (NRGV) reported business segments — cost of revenue of $17.09M in Q1 2026.
How has Energy Vault Holdings's business segments — cost of revenue changed year-over-year?
Energy Vault Holdings's business segments — cost of revenue increased by 367.2% year-over-year, from $3.66M to $17.09M.
What is the long-term trend for Energy Vault Holdings's business segments — cost of revenue?
Over 2 years (2023 to 2025), Energy Vault Holdings's business segments — cost of revenue has grown at a -30.7% compound annual growth rate (CAGR), from $324.01M to $155.68M.
What does business segments — cost of revenue mean?
Includes all direct costs associated with the production, delivery, and installation of energy storage systems within the reportable segment. Monitoring this helps evaluate the direct cost efficiency and supply chain management of the segment's core operations.