Energy Vault Holdings annual r&d spending
2021
2022
2023
2024
2025
Energy Vault Holdings R&D Spending Growth & History (NRGV)
Energy Vault Holdings's r&d spending was $14.6M for fiscal 2025.
View full Energy Vault Holdings company overviewEnergy Vault Holdings annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $14.6M | −$11.4M | −43.71% |
| 2024 | 2024-12-31 | $26.0M | −$11.1M | −29.93% |
| 2023 | 2023-12-31 | $37.1M | −$5.5M | −12.91% |
| 2022 | 2022-12-31 | $42.6M | $34.7M | +438.49% |
| 2021 | 2021-12-31 | $7.9M | — | — |
Energy Vault Holdings quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.5M | −$1.5M | −37.51% |
| Q1 2026 | 2026-03-31 | $2.6M | −$1.2M | −32.27% |
| Q4 2025 | 2025-12-31 | $3.4M | −$3.0M | −47.08% |
| Q3 2025 | 2025-09-30 | $3.4M | −$2.3M | −41.06% |
| Q2 2025 | 2025-06-30 | $4.1M | −$2.9M | −41.39% |
| Q1 2025 | 2025-03-31 | $3.8M | −$3.1M | −45.10% |
| Q4 2024 | 2024-12-31 | $6.4M | −$1.2M | −15.55% |
| Q3 2024 | 2024-09-30 | $5.7M | −$2.5M | −30.06% |
| Q2 2024 | 2024-06-30 | $7.0M | −$3.3M | −31.97% |
| Q1 2024 | 2024-03-31 | $7.0M | −$4.2M | −37.68% |
| Q4 2023 | 2023-12-31 | $7.6M | −$5.1M | −40.33% |
| Q3 2023 | 2023-09-30 | $8.2M | −$3.5M | −30.02% |
| Q2 2023 | 2023-06-30 | $10.2M | $1.6M | +18.37% |
| Q1 2023 | 2023-03-31 | $11.2M | $1.5M | +15.70% |
| Q4 2022 | 2022-12-31 | $12.7M | $9.7M | +323.03% |
| Q3 2022 | 2022-09-30 | $11.7M | $10.0M | +586.80% |
| Q2 2022 | 2022-06-30 | $8.6M | $6.4M | +292.01% |
| Q1 2022 | 2022-03-31 | $9.7M | $8.6M | +846.23% |
| Q4 2021 | 2021-12-31 | $3.0M | — | — |
| Q3 2021 | 2021-09-30 | $1.7M | — | — |
| Q2 2021 | 2021-06-30 | $2.2M | — | — |
| Q1 2021 | 2021-03-31 | $1.0M | — | — |
Energy Vault Holdings r&d spending trends
Between the periods ended 2021-12-31 and 2025-12-31, Energy Vault Holdings's r&d spending increased from $7.9M to $14.6M, a change of $6.7M. The latest reported quarter, Q2 2026, shows $2.5M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Energy Vault Holdings source filings ↗