---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-25-000060"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:18:45.508327+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Energy Vault Q1 revenue up 10% to $8.5M; backlog hits $648M

## Summary
- GAAP gross margin more than doubled to 57.1% from 26.7% YoY, driven by India license revenue.
- Net loss flat at $21.1M; Adjusted EBITDA loss improved 22% to $11.3M from $14.5M.
- Cash rose 57% QoQ to $47.2M, aided by Calistoga project financing.
- Contract backlog reached $648M, up 49% YTD; Cross Trails project generating revenue ahead of commercial ops.

## SEC filing metadata
- accession: 0001828536-25-000060
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853625000060/0001828536-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853625000060/nrgv-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-25-000060
- JSON: https://secwatch.observer/filing/0001828536-25-000060.json
- Plain text: https://secwatch.observer/filing/0001828536-25-000060.txt

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