Energy Vault Holdings, Inc. (NRGV) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
NRGV's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NRGV Revenue Analysis (2019–2024)
As of March 1, 2026, Energy Vault Holdings, Inc. (NRGV) generated trailing twelve-month (TTM) revenue of $83.8 million, reflecting explosive growth of +2678.9% year-over-year. The most recent quarter (Q3 2025) recorded $33.3 million in revenue, up 291.4% sequentially.
Looking at the longer-term picture, NRGV's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $341.5 million in 2023.
Revenue diversification analysis shows NRGV's business is primarily driven by Software Licensing (78%), and Intellectual Property Licensing (22%). With over half of revenue concentrated in Software Licensing, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including GEV (+9.0% YoY), and FLNC (+1.2% YoY), NRGV has outperformed the peer group in terms of revenue growth. Compare NRGV vs GEV →
Peer Comparison
Compare NRGV's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NRGVCurrent | $84M | +2678.9% | - | -281.4% | |
| GEV | $38.1B | +9.0% | - | 3.6% | |
| FLNC | $2.3B | +1.2% | +32.2% | -1.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $46.2M | -86.5% | $6.2M | 13.4% | $-129,996,000 | -281.4% |
| 2023 | $341.5M | +134.1% | $17.5M | 5.1% | $-106,736,000 | -31.3% |
| 2022 | $145.9M | - | $59.3M | 40.6% | $-60,255,000 | -41.3% |
| 2021 | $0 | - | $-2,437,000 | - | $-26,813,000 | - |
| 2020 | $0 | - | $0 | - | $-14,505,432 | - |
| 2019 | $0 | - | $0 | - | $10.0M | - |
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Start ComparisonFrequently Asked Questions
Is NRGV's revenue growth accelerating or slowing?
NRGV revenue is accelerating at +2678.9% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $84M. Growth momentum has increased versus prior periods.
What is NRGV's long-term revenue growth rate?
Energy Vault Holdings, Inc.'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +2678.9% is above this long-term average.
How is NRGV's revenue distributed by segment?
NRGV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.