secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001104659-26-013399
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926013399/0001104659-26-013399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926013399/tm265927d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-013399

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer