secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001828536-25-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault Q4 rev $33.5M, backlog $660M; 2025 guidance $200-300M
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- Revenue backlog $660M, up 90% QoQ and quadruple YoY; 2025 rev guidance $200-300M (4-6x increase vs 2024).
- Q4 2024 revenue $33.5M; GAAP net loss $(61.8)M; full-year rev $46.2M, net loss $(135.8)M.
- Adjusted EBITDA loss improved to $(13.4)M (Q4) and $(57.9)M (full year), within guidance range.
- Cash $30.1M, no debt; cash used in investing $(58.7)M for owned projects.
- Own & operate portfolio: 6 projects (840MW) expected to generate ~$2B long-term revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000014/0001828536-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000014/nrgv-20250317.htm
  HTML page:      https://secwatch.observer/filing/0001828536-25-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer