What is Energy Vault Holdings's united states — PP&E (net)?

Energy Vault Holdings (NRGV) reported united states — PP&E (net) of $92.15M in Q4 2025.

What does united states — PP&E (net) mean?

This metric measures the net book value of tangible long-term assets located within the United States, after accounting for accumulated depreciation and impairment. It serves as a proxy for the company's physical infrastructure investment and capital intensity required to support domestic operations. Monitoring this balance provides insight into the scale of the company's regional asset base and its ongoing capital expenditure commitments.

Energy Vault Holdings NRGV United States — 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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What is Energy Vault Holdings's united states — PP&E (net)?: Energy Vault Holdings (NRGV) reported united states — PP&E (net) of $92.15M in Q4 2025.
What does united states — PP&E (net) mean?: This metric measures the net book value of tangible long-term assets located within the United States, after accounting for accumulated depreciation and impairment. It serves as a proxy for the company's physical infrastructure investment and capital intensity required to support domestic operations. Monitoring this balance provides insight into the scale of the company's regional asset base and its ongoing capital expenditure commitments.