secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001828536-26-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault Q4 revenue $153.3M, turns positive Adjusted EBITDA; FY revenue $203.7M, backlog $1.3B
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- Q4 2025 revenue $153.3M (up from $33.5M YoY); FY 2025 revenue $203.7M (+340% YoY).
- Q4 2025 Adjusted EBITDA positive $9.8M (vs. loss of $13.4M prior year); FY loss improved to $21.2M.
- Contract revenue backlog hits $1.3B, up 42% sequentially and +300% YoY.
- Cash at Dec 31, 2025: $103.4M, up 67% sequentially and +300% YoY.
- FY 2026 guidance: revenue $225-300M (+30% growth midpoint); gross margin 15-25%; cash target $150-200M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000019/0001828536-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000019/nrgv-20260317.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000019

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