ENERGY VAULT HOLDINGS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $203.7M | $46.2M | $341.5M | $145.9M | $0 |
| Cost of Revenue | $155.7M | $40.0M | $324.0M | $86.6M | $0 |
| Gross Profit | $48.0M | $6.2M | $17.5M | $59.3M | $0 |
| Gross Margin | 23.6% | 13.4% | 5.1% | 40.6% | — |
| Operating Expenses | |||||
| Research & Development | $14.6M | $26.0M | $37.1M | $42.6M | $7.9M |
| SG&A Expense | $81.2M | $63.0M | $67.9M | $56.6M | $18.1M |
| Operating Income | $-74.4M | $-130.0M | $-106.7M | $-63.1M | $-29.5M |
| Operating Margin | -36.5% | -281.4% | -31.3% | -43.2% | — |
| Interest Expense | — | — | $35.0K | $2.0K | $7.0K |
| Pretax Income | $-95.9M | $-135.7M | $-98.8M | $-77.9M | $-31.3M |
| Income Tax Expense | $7.8M | $67.0K | $-349.0K | $427.0K | $1.0K |
| Net Income | $-103.6M | $-135.8M | $-98.4M | $-78.3M | $-31.3M |
| Net Margin | -50.9% | -293.8% | -28.8% | -53.7% | — |
| EPS (Basic) | $-0.65 | $-0.91 | $-0.69 | $-0.64 | $-0.25 |
| EPS (Diluted) | $-0.65 | $-0.91 | $-0.69 | $-0.64 | $-0.25 |
| Shares Outstanding (Basic) | 160.5M | 149.8M | 142.9M | 123.2M | 127.8M |
| Shares Outstanding (Diluted) | 160.5M | 149.8M | 142.9M | 123.2M | 127.8M |
| Dividends Per Share | — | — | — | — | — |