Energy Vault Holdings NRGV Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Intellectual property (“IP”) licensing | $15K-48.3% | $29K+107% | $14K0.0% | $14K-99.6% | $3.26M— | |
| Operation and maintenance services | $444K+3.5% | $429K+42.1% | $302K+9.0% | $277K+0.4% | $276K+1.5% | |
| Sale of energy storage products | $19.71M-87.0% | $151.85M+378% | $31.75M+312% | $7.71M+57.7% | $4.89M-85.2% | |
| Software licensing | $182K+5.8% | $172K+26.5% | $136K+13.3% | $120K+7.1% | $112K+10.9% | |
| Tolling and PPA revenue by Product | ||||||
| Tolling and power purchase agreement (“PPA”) revenue | $1.53M+84.3% | $829K-25.8% | $1.12M+187% | $390K— | $0— | |
| Tolling revenue | $600K— | —— | $700K— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Energy Vault Holdings break its business down?
- Energy Vault Holdings (NRGV) reports revenue by product across 5 parts — Intellectual property (“IP”) licensing, Operation and maintenance services, Sale of energy storage products, Sale of Energy Storage Products to Customers Under Bill-and-Hold Arrangements and Software licensing. Each is extracted from the segment footnotes and tracked over time.
- Where does Energy Vault Holdings's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Energy Vault Holdings's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
