Energy Vault Holdings annual operating expenses
2021
2022
2023
2024
2025
Energy Vault Holdings Operating Expenses Growth & History (NRGV)
Energy Vault Holdings's operating expenses was $122.4M for fiscal 2025.
View full Energy Vault Holdings company overviewEnergy Vault Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $122.4M | −$13.8M | −10.15% |
| 2024 | 2024-12-31 | $136.2M | $11.9M | +9.59% |
| 2023 | 2023-12-31 | $124.3M | $1.9M | +1.54% |
| 2022 | 2022-12-31 | $122.4M | $121.1M | +9712.25% |
| 2021 | 2021-12-31 | $1.2M | — | — |
Energy Vault Holdings quarterly operating expenses
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $30.0M | −$629,000 | −2.05% |
| Q1 2026 | 2026-03-31 | $29.0M | $3.2M | +12.50% |
| Q4 2025 | 2025-12-31 | $39.3M | −$13.7M | −25.78% |
| Q3 2025 | 2025-09-30 | $26.6M | −$965,000 | −3.50% |
| Q2 2025 | 2025-06-30 | $30.7M | $1.7M | +5.98% |
| Q1 2025 | 2025-03-31 | $25.8M | −$926,000 | −3.47% |
| Q4 2024 | 2024-12-31 | $53.0M | $24.8M | +87.84% |
| Q3 2024 | 2024-09-30 | $27.6M | −$826,000 | −2.91% |
| Q2 2024 | 2024-06-30 | $28.9M | −$3.4M | −10.44% |
| Q1 2024 | 2024-03-31 | $26.7M | −$8.7M | −24.51% |
| Q4 2023 | 2023-12-31 | $28.2M | −$13.5M | −32.30% |
| Q3 2023 | 2023-09-30 | $28.4M | −$7.9M | −21.76% |
| Q2 2023 | 2023-06-30 | $32.3M | $9.9M | +44.36% |
| Q1 2023 | 2023-03-31 | $35.4M | $13.3M | +60.39% |
| Q4 2022 | 2022-12-31 | $41.7M | $41.2M | +8816.64% |
| Q3 2022 | 2022-09-30 | $36.3M | $36.0M | +11303.34% |
| Q2 2022 | 2022-06-30 | $22.4M | $22.1M | +8023.06% |
| Q1 2022 | 2022-03-31 | $22.0M | $21.9M | +11741.58% |
| Q4 2021 | 2021-12-31 | $467,396 | $466,292 | +42236.59% |
| Q3 2021 | 2021-09-30 | $318,126 | — | — |
| Q2 2021 | 2021-06-30 | $275,512 | — | — |
| Q1 2021 | 2021-03-31 | $186,183 | — | — |
| Q4 2020 | 2020-12-31 | $1,104 | — | — |
Energy Vault Holdings operating expenses trends
Between the periods ended 2021-12-31 and 2025-12-31, Energy Vault Holdings's operating expenses increased from $1.2M to $122.4M, a change of $121.1M. The latest reported quarter, Q2 2026, shows $30.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Energy Vault Holdings source filings ↗