secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001828536-26-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000038/0001828536-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000038/nrgv-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000038

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