---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-23-000183"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:05:30.392932+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Energy Vault Q3 revenue $172.2M; net loss narrows; reaffirms FY2023 guidance

## Summary
- Record revenue $172.2M; net loss improved 28% sequentially to $(18.9)M.
- GAAP gross margin 4.2% ($7.1M); adjusted EBITDA $(10.2)M, improved 43% QoQ.
- Cash $132.2M, no debt; FY2023 revenue guidance reaffirmed $325M-$425M.
- Awarded projects up 153% YTD to 9.1 GWh ($3.3B); booked projects up 49% to 2.4 GWh.
- First 100 MWh EVx system in China nearing commissioning; 275 MWh battery system in California operational.

## SEC filing metadata
- accession: 0001828536-23-000183
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2023-11-07T23:59:59+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/1828536/000182853623000183/0001828536-23-000183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853623000183/nrgv-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-23-000183
- JSON: https://secwatch.observer/filing/0001828536-23-000183.json
- Plain text: https://secwatch.observer/filing/0001828536-23-000183.txt

## Key facts
- Earnings Releases
  Energy Vault Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $172.2 million, net income $(18.9) million. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $172.2 million
  - Net income: $(18.9) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Energy Vault Reports Third Quarter 2023 Financial Results Revenue of $172.2 million driven by multiple energy storage deployments within the US market
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828536/000182853623000183/0001828536-23-000183-index.htm

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