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Energy Vault Holdings NRGV Business Segments — Non-personnel operating costs

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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 nrgv:NonPersonnelOperatingCosts.

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 — non-personnel operating costs?
Energy Vault Holdings (NRGV) reported business segments — non-personnel operating costs of $9.95M in Q1 2026.
How has Energy Vault Holdings's business segments — non-personnel operating costs changed year-over-year?
Energy Vault Holdings's business segments — non-personnel operating costs increased by 36.4% year-over-year, from $7.29M to $9.95M.
What is the long-term trend for Energy Vault Holdings's business segments — non-personnel operating costs?
Over 2 years (2023 to 2025), Energy Vault Holdings's business segments — non-personnel operating costs has grown at a -9.0% compound annual growth rate (CAGR), from $38.91M to $32.23M.
What does business segments — non-personnel operating costs mean?
Captures the segment's operational expenditures excluding labor-related costs, such as facility overhead, utilities, and general administrative expenses. Tracking these costs is essential for assessing the segment's fixed cost structure and operational leverage.