---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-013399"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:22:04.358096+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-013399
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000110465926013399/0001104659-26-013399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000110465926013399/tm265927d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-013399
- JSON: https://secwatch.observer/filing/0001104659-26-013399.json
- Plain text: https://secwatch.observer/filing/0001104659-26-013399.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828536/000110465926013399/0001104659-26-013399-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.