# ENERGY VAULT HOLDINGS, INC. (NRGV) · Edgar & Edgarette company card

> Energy Vault Holdings (NRGV) grew revenue 341% in FY2025 to $204 million, operating margin -36.5% against a -7.6% median for miscellaneous electrical machinery, equipment & supplies, equity 21.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1828536 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NRGV) · [JSON](https://www.pops4.com/boards/company/NRGV.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $204M |
| Revenue growth, 1 year | 340.9% |
| Revenue growth per year | — |
| Operating margin | -36.5% (prior year -281.4%) |
| Net margin | -50.9% |
| Operating cash flow | −$6M |
| Capital spending | $41M |
| Free cash flow | −$47M |
| Cash | $58M |
| Long-term debt | $100M |
| Total assets | $313M |
| Total equity | $67M |
| Equity ÷ assets | 21.6% |
| Return on equity | -153.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -7.28 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · filed late quarterly report notice in the last 12 months; operating cash flow was negative; operating loss: a margin of -36.5% in FY2025

## Edgarette's reading

Exposure: revenue $203.7M (FY2025), total debt $99.6M. Experience: revenue up 340.9% on the year; operating margin -36.5%, up from -281.4%. Soundness: equity 21.6% of assets, return on equity -153.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $466.6M and $652.5M next year (method v4.1: its own 1-year record of growth weighed at 0% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $428.7M to $712.6M. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, miscellaneous electrical machinery, equipment & supplies): operating margin -36.5% against a -7.6% median; growth 340.9% against 6.9%.

Range logged 2026-09-27, receipt a26fdb624271a8ef, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-Q Late quarterly report notice: 1, latest 2026-05-18 ([filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000047/0001828536-26-000047-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-07-17 ([filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000090/0001828536-26-000090-index.htm))

## Recent filings

- 8-K · filed 2026-11-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000116/0001828536-26-000116-index.htm)
- 8-K · filed 2026-09-22 · 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000111/0001828536-26-000111-index.htm)
- 8-K · filed 2026-08-20 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000106/0001828536-26-000106-index.htm)
- 10-Q · filed 2026-08-11 · [filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000101/0001828536-26-000101-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000100/0001828536-26-000100-index.htm)
- 8-K · filed 2026-07-17 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1828536/000182853626000090/0001828536-26-000090-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001828536.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1828536

## Cite

POPS4, Edgar & Edgarette: ENERGY VAULT HOLDINGS, INC. (NRGV) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/NRGV. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.