secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-08-11T20:07:34+00:00
Accession:  0001828536-26-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault Q2 revenue $17.4M (+104% YoY), raises FY26 guidance to $270-310M
-----------------------------------------------------------------------------

- Q2 revenue $17.4M vs $8.5M prior year; GAAP net loss $29.7M ($0.17 EPS), improved from $34.9M loss.
- Backlog ~$2B, up 107% YoY; ~60% from owned assets with recurring EBITDA, ~40% near-term conversion.
- Raised FY2026 revenue guidance to $270-310M (from $225-300M) and GAAP gross margin to 20-25%.
- Signed 1.25 GW AI data center deal (Texas) expected to generate $500-600M revenue through 2027.
- Cash $148M (+26% q/q); ~1.1 GW under control, up 476% YoY; completed 850 MW Japan BESS acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000100/0001828536-26-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000100/nrgv-20260811.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000100

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