secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001828536-25-000202
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault Q3 revenue $33.3M (up 27x), Adj. EBITDA loss narrows 59% to $6.0M
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- Revenue $33.3M vs $1.2M a year ago; GAAP gross profit $9.0M (27% margin), up 18x YoY.
- Adjusted EBITDA loss improved to $6.0M from $14.7M in prior-year quarter.
- Contract backlog $920M as of Sep 30, 2025, up 112% year-to-date.
- Cash $61.9M (incl. restricted) up 7% sequentially; reaffirms FY2025 revenue guidance $200-250M.
- Closed $300M preferred equity with OIC for Asset Vault; acquired 150MW Sosa BESS in Texas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/0001828536-25-000202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000202/nrgv-20251110.htm
  HTML page:      https://secwatch.observer/filing/0001828536-25-000202

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