Energy Vault Holdings (NRGV) Cost of Revenue (2022 - 2026)

Energy Vault Holdings (NRGV) has 5 years of Cost of Revenue data on file, last reported at $17.1 million in Q1 2026.

• Quarterly Cost of Revenue rose 367.22% year-over-year to $17.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $169.1 million (up 345.28% YoY) and the FY2025 annual result came in at $155.7 million, up 289.09% from the prior year.
• Cost of Revenue retreated to $17.1 million in Q1 2026, from $121.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $165.1 million in Q3 2023 to a low of $571000.0 in Q2 2022.
• A 5-year average of $39.0 million and a median of $13.0 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 10069.87% — and 2024, when it slumped 99.57%.
• Tracing NRGV's Cost of Revenue over 5 years: stood at $84.4 million in 2022, then surged by 35.35% to $114.2 million in 2023, then sank by 72.96% to $30.9 million in 2024, then soared by 294.11% to $121.7 million in 2025, then slumped by 85.96% to $17.1 million in 2026.
• The last three Cost of Revenue figures came in at $17.1 million (Q1 2026), $121.7 million (Q4 2025), and $24.3 million (Q3 2025), per Business Quant data.