Energy Vault FY2023 revenue $341.5M (+134% YoY); net loss $98.4M; cash $145.6M

Energy Vault Holdings, Inc.

Q4 revenue $118.2M; GAAP gross margin 3.4% (lower than expected due to timing shift of revenue/profit to 2024).
FY2023 GAAP net loss $98.4M; Adjusted EBITDA loss $62.1M; Q4 net loss $22.2M.
Cash $145.6M, no debt; Q1 2024 cash expected $125-150M; cash OpEx reduced 25-30%.
Gravity pipeline 3.7 GWh; signed $20M 10-year license for SADC region; new development agreement with WA utility.
Battery storage commissioned ~1 GWh (Stanton 275 MWh, NV Energy 440 MWh); green hydrogen project with PG&E on track for mid-2024.

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.