Energy Vault preliminary FY2025 revenue $200-205M, up ~340% YoY; net loss narrows

Energy Vault Holdings, Inc.

2025-FY EPS reported -$0.65 revenue$203,671,000

Revenue $200-205M for FY2025 vs $46.2M in FY2024; Q4 revenue $150-155M vs $33.5M.
GAAP gross margin 22-25% vs 13.4% in FY2024; net loss narrowed to $92.4-104.9M from $135.8M.
Adjusted EBITDA improved to ($21-26M) from ($57.9M) in FY2024; Q4 adjusted EBITDA turned positive $5-10M.
Amended convertible debenture with YA II PN to $65M total, adding covenant flexibility and redemption upon certain debt financings.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Energy Vault Holdings, Inc. amended Yorkville Amendments with YA II PN, Ltd. valued at Not specified (effective 2026-02-09).

Action: amendment
Agreement: notes offering
Counterparty: YA II PN, Ltd.
Value: Not specified
Effective: 2026-02-09

Exact text from the filing

On February 9, 2026, the Company and the Investor entered into the second amendment to the Purchase Agreement (the “Second Amendment”) and amended and restated each of the (i) the Tranche 1 Debentures (the “A&R Tranche 1 Debentures”), (ii) the Tranche 2 Debentures (the “A&R Tranche 2 Debentures) and (iii) the Tranche 3 Debentures (the “A&R Tranche 3 Debentures,” collectively with the A&R Tranche 1 Debentures and the A&R Tranche 2 Debentures, the “A&R Debentures,” the A&R Debentures together with the Second Amendment, the “Yorkville Amendments”).

View on SEC.gov

308 material agreements filed in the last 30 days. Browse all material agreements →

Energy Vault Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-013399

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.