Growth Metrics

Energy Vault Holdings (NRGV) Accumulated Expenses (2020 - 2026)

Energy Vault Holdings posted quarterly Accumulated Expenses of $25.8 million for Q1 2026, up 17.87% year-on-year from $21.9 million in Q1 2025, and down 63.32% on a QoQ basis from $70.4 million in Q4 2025.

Energy Vault Holdings (NRGV) has 7 years of Accumulated Expenses data on file, last reported at $25.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Accumulated Expenses rose 17.87% year-over-year to $25.8 million; the trailing twelve-month figure through Mar 2026 stood at $25.8 million (up 17.87% YoY), and the FY2025 full-year result was $70.4 million, up 181.92% from the prior year.
  • Accumulated Expenses for Q1 2026 stood at $25.8 million, down from $70.4 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $85.0 million in Q4 2023 and bottomed at $1.3 million in Q1 2022.
  • The 5-year median for Accumulated Expenses is $20.9 million (2024), against an average of $25.8 million.
  • The widest annual swing landed in 2022, when Accumulated Expenses surged 3628.57%; it then plunged 70.64% in 2024.
  • A 5-year view of Accumulated Expenses shows it stood at $14.7 million in 2022, then surged by 476.6% to $85.0 million in 2023, then slumped by 70.64% to $25.0 million in 2024, then soared by 181.92% to $70.4 million in 2025, then plunged by 63.32% to $25.8 million in 2026.
  • The last three Accumulated Expenses figures came in at $25.8 million (Q1 2026), $70.4 million (Q4 2025), and $35.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 AXIA Energia 193.97 Bn 191.26 Bn 1.44 Bn
2 Enlight Renewable Energy 13.10 Bn 12.57 Bn 85.64 Mn
3 Ormat Technologies 8.30 Bn 8.16 Bn 78.83 Mn
4 Fluence Energy 3.60 Bn 3.28 Bn 46.63 Mn
5 Clearway Energy 1.42 Bn 4.77 Bn 220.00 Mn
6 XPLR Infrastructure 1.16 Bn 8.69 Bn 141.00 Mn
7 Energy Vault Holdings 916.05 Mn 870.62 Mn 4.79 Mn
8 Ellomay Capital 782.29 Mn 671.00 Mn 1.49 Mn
9 ReNew Energy Global 342.92 Mn 58.95 Mn 269.00 Mn
10 Nextnrg 90.54 Mn 87.86 Mn 1.71 Mn

Historic Data

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DateValue
Mar 31, 2026 25.82 Mn
Dec 31, 2025 70.39 Mn
Sep 30, 2025 35.71 Mn
Jun 30, 2025 18.67 Mn
Mar 31, 2025 21.91 Mn
Dec 31, 2024 24.97 Mn
Sep 30, 2024 20.87 Mn
Jun 30, 2024 17.75 Mn
Mar 31, 2024 15.35 Mn
Dec 31, 2023 85.04 Mn
Sep 30, 2023 32.96 Mn
Jun 30, 2023 27.58 Mn
Mar 31, 2023 19.49 Mn
Dec 31, 2022 14.75 Mn
Sep 30, 2022 3.67 Mn
Jun 30, 2022 1.71 Mn
Mar 31, 2022 1.31 Mn
Dec 31, 2021 4.70 Mn
Mar 31, 2021 35,000.00
Dec 31, 2020 1,000.00