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Energy Vault Holdings NRGV United States — 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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 united states — revenue?
Energy Vault Holdings (NRGV) reported united states — revenue of $18.55M in Q4 2025.
How has Energy Vault Holdings's united states — revenue changed year-over-year?
Energy Vault Holdings's united states — revenue increased by 67.1% year-over-year, from $11.11M to $18.55M.
What does united states — revenue mean?
This metric represents the total gross income generated from business operations within the United States geographic segment. It reflects the company's ability to capture market share and monetize its energy storage solutions in the domestic market. Tracking this figure helps investors assess the geographic concentration of revenue and the success of regional sales strategies.