secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001828536-25-000102
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault Q2 rev +126% to $8.5M; backlog $954M; $300M preferred equity deal
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- Q2 2025 revenue $8.5M (+126% YoY); GAAP gross margin 29.6% vs 27.8% YoY.
- Net loss $(34.9)M; Adj. EBITDA loss improved 11% to $(13.7)M from $(15.4)M.
- Revenue backlog $954M (up 120% YTD); cash $58.1M (+23% QoQ).
- Exclusivity signed for $300M preferred equity to fund 1.5GW owned storage IPP, targeting $100M+ annual EBITDA.
- FY2025 revenue guidance reaffirmed at $200-250M; Q3 2025 cash target $60-75M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000102/0001828536-25-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000102/nrgv-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001828536-25-000102

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