---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-23-000134"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:42:39.594533+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Energy Vault Q2 revenue $39.7M, net loss $26.2M; reaffirms 2023 guidance

## Summary
- Revenue of $39.7M (247% sequential growth); GAAP gross margin 9.9% ($3.9M).
- Net loss of $26.2M; adjusted EBITDA of ($18.0M); cash $165M with zero debt.
- Reaffirmed FY2023 guidance: revenue $325M–$425M, gross margin 10%–15%, adjusted EBITDA ($50M)–($70M).
- First US Gravity storage license & royalty agreement signed for $33M with 90%+ gross margin royalty streams.
- Commissioning of first 100 MWh EVx gravity system in Rudong, China begun; full grid interconnection expected Q4 2023.

## SEC filing metadata
- accession: 0001828536-23-000134
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853623000134/0001828536-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853623000134/nrgv-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-23-000134
- JSON: https://secwatch.observer/filing/0001828536-23-000134.json
- Plain text: https://secwatch.observer/filing/0001828536-23-000134.txt

## Key facts
- Earnings Releases
  Energy Vault Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $39.7 million, net income $(26.2) million. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: $39.7 million
  - Net income: $(26.2) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Second Quarter 2023 Financial Highlights • Revenue of $39.7 million, in-line with Company expectations, from continued progress on US based energy storage projects.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828536/000182853623000134/0001828536-23-000134-index.htm

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