---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-24-000188"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:10:16.364326+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Vault Q3 revenue light at ~$1.2M; backlog up 33% to $350M; net loss $26.6M

## Summary
- Revenue backlog grew 33% QoQ to $350M with new U.S. contracts from Jupiter Power and Gridmatic.
- Q3 GAAP gross margin 40.3% on $1.2M services revenue; gross profit $0.5M.
- GAAP net loss of $26.6M; adjusted EBITDA loss improved 5% QoQ to $(14.7)M.
- Cash and equivalents $77.7M, no debt; expects $60-80M from project financing in next two quarters.
- Affirming full-year 2024 guidance at mid-to-low end; retaining ~$100M in storage assets vs. selling.

## SEC filing metadata
- accession: 0001828536-24-000188
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000188/0001828536-24-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000188/nrgv-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-24-000188
- JSON: https://secwatch.observer/filing/0001828536-24-000188.json
- Plain text: https://secwatch.observer/filing/0001828536-24-000188.txt

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