{"schema_version":"secwatch.filing_event.v1","accession":"0001828536-24-000097","form_type":"8-K","ticker":"NRGV","cik":"0001828536","company_name":"Energy Vault Holdings, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.468478+00:00","generated_at":"2026-06-02T12:48:42.497585+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Energy Vault Q1 revenue $7.8M, net loss improves to $(21.1)M; cash $136.8M, no debt","bullets":["Revenue $7.8M from utility/IPP projects; GAAP gross margin 26.7% ($2.1M gross profit).","Net loss $(21.1)M improved $10M YoY; Adjusted EBITDA $(14.4)M improved 24% YoY.","Cash opex $16.7M, down 22% YoY and 14% QoQ; cash $136.8M with no debt.","Completed 440 MWh BESS with NV Energy; GESS in Rudong China progressed.","2024-25 financial guidance to be provided at May 9 Investor & Analyst Day."],"urls":{"canonical":"https://secwatch.observer/filing/0001828536-24-000097","json":"https://secwatch.observer/filing/0001828536-24-000097.json","markdown":"https://secwatch.observer/filing/0001828536-24-000097.md","text":"https://secwatch.observer/filing/0001828536-24-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828536/000182853624000097/0001828536-24-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828536/000182853624000097/nrgv-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T12:48:42.497585+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9d12e775f8e8bfaafef59b7af739f31b05ec41b3","claim":"Energy Vault Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $7.8 million, net income $(21.1) million. Guidance initiated.","evidence_excerpt":"Energy Vault Reports First Quarter 2024 Financial Results Revenue of $7.8 million from recognition of Utility and IPP storage projects, in-line with expectations; Licensing revenue from GESSOL in Southern Africa is expected later in 2024 GAAP Gross margin of 26.7% driven by strong management and execution on US battery projects Cash OpEx of $16.7 million, improved 22% year-over-year and 14% quarter-over-quarter Quarter-end Cash and Cash Equivalents of $136.8 million , within Q1 guidance range of $125 – 150 million WESTLAKE VILLAGE, Calif., May 8th, 2024 – Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828536/000182853624000097/0001828536-24-000097-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$7.8 million"},{"label":"Net income","value":"$(21.1) million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}