---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-26-000038"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:32:24.701408+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Vault Q1 revenue $21.9M (+156% YoY); backlog $1.35B; MW under management surges to 1.1 GW

## Summary
- Revenue $21.9M (up 156% YoY), GAAP gross profit $4.8M; adjusted gross profit $6.1M (+25% YoY).
- MW under management rose 140% sequentially to 1.1 GW; 1.35B backlog, 80%+ recurring IPP revenue.
- Entered Japan with 850 MW BESS portfolio acquisition (350 MW advanced stage), expected Q2 2026 close.
- Reaffirmed FY2026 guidance: revenue $225-$300M, cash target $150-$200M at year-end.
- Own & Operate portfolio exceeds 1 GW, expected to generate $180M+ annual recurring EBITDA ahead of prior guidance.

## SEC filing metadata
- accession: 0001828536-26-000038
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853626000038/0001828536-26-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853626000038/nrgv-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-26-000038
- JSON: https://secwatch.observer/filing/0001828536-26-000038.json
- Plain text: https://secwatch.observer/filing/0001828536-26-000038.txt

## Key facts
- Earnings Releases
  Energy Vault Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $21.9 million, net income GAAP Net Loss of $32.5 million. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2026
  - Revenue: $21.9 million
  - Net income: GAAP Net Loss of $32.5 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: and 140% sequentially Year to Date 2026 backlog reached $1.35 billion, up 108% year-over-year, of which 80%+ is recurring, high margin IPP revenue Q1 2026 Revenue of $21.9 million, up 156% year-over-year Q1 2026 GAAP Gross Profit of $4.8 million and Adjusted Gross Profit of $6.1 million (up 25% year-over-year) Achieved fifth consecutive quarterly increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828536/000182853626000038/0001828536-26-000038-index.htm

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