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Energy Vault Holdings, Inc. revenue

Energy Vault Holdings, Inc.'s revenue was $204m in fiscal 2025, up 340.9% on the year before. Since fiscal 2022 ($146m) it has grown at a compound 11.8% a year. Over the last twelve months it was $226m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Energy Vault Holdings, Inc.: revenue history, annual
Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue014634246204226
Growth on the year before——+134.1%−86.5%+340.9%—
Gross profit0591864851
Gross margin—40.6%5.1%13.4%23.6%22.5%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Sale of Energy Storage Products $196M ▲ 340.0%
Sale of Energy Storage Products To Customers Under Bill and Hold Arrangements $47.2M ▲ 45.7%
Intellectual Property Licensing $3.3M ▲ 2780.0%
Operation and Maintenance Services $1.3M ▲ 17.8%
Software Licensing $540,000 ▲ 34.3%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Australia $124M 61.0% ▲ 12427.5%
United States $74.2M 36.4% ▲ 67.1%
Other Countries $5.2M 2.5% ▲ 560.6%

From Energy Vault Holdings, Inc.'s 10-K filed March 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Electrical Components & Equipment: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Energy Vault Holdings, Inc. $226m 336.8% 13.8%
Eos Energy Enterprises, Inc. $214m 533.9% 129.1%
Ultralife Corp $187m 4.7% 9.2%
Wallbox N.V. $164m -7.5% —
American Superconductor Corp $321m 25.9% 41.4%
Fuelcell Energy Inc $154m 1.1% 3.2%

Compare with peers

Head to head: EOSE vs NRGVNRGV vs ULBINRGV vs WBXAMSC vs NRGV

More: Electrical Components & Equipment stocks compared, Industrials sector, rankings of US companies

Figures from Energy Vault Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Energy Vault Holdings, Inc.