---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-24-000033"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:17:19.450399+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001828536-24-000033
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000033/0001828536-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000033/nrgv-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-24-000033
- JSON: https://secwatch.observer/filing/0001828536-24-000033.json
- Plain text: https://secwatch.observer/filing/0001828536-24-000033.txt

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