Energy Vault Holdings (NRGV) Cost of Revenue (2021 - 2026)

Energy Vault Holdings (NRGV) has 6 years of Cost of Revenue data on file, last reported at $2.9 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 29.79% year-over-year to $2.9 million; the trailing twelve-month figure through Mar 2026 stood at -$8.1 million (down 157.01% YoY), and the FY2025 full-year result was $13.7 million, down 13.52% from the prior year.
• Cost of Revenue for Q1 2026 stood at $2.9 million, up from -$20.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $10.4 million in Q4 2022 and bottomed at -$191.6 million in Q4 2023.
• The 5-year median for Cost of Revenue is $3.8 million (2022), against an average of -$8.6 million.
• The widest annual swing landed in 2022, when Cost of Revenue jumped 2935.29%; it then plunged 1944.27% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $10.4 million in 2022, then slumped by 1944.27% to -$191.6 million in 2023, then soared by 103.5% to $6.7 million in 2024, then slumped by 401.97% to -$20.3 million in 2025, then surged by 114.36% to $2.9 million in 2026.
• The last three Cost of Revenue figures came in at $2.9 million (Q1 2026), -$20.3 million (Q4 2025), and $3.2 million (Q3 2025), per Business Quant data.

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