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Energy Vault Holdings (NRGV) Operating Expenses (2021 - 2025)

Energy Vault Holdings' Operating Expenses history spans 5 years, with the latest figure at $39.3 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 25.78% year-over-year to $39.3 million; the TTM value through Dec 2025 reached $122.4 million, down 10.15%, while the annual FY2025 figure was $122.4 million, 10.15% down from the prior year.
  • Operating Expenses reached $39.3 million in Q4 2025 per NRGV's latest filing, up from $26.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $53.0 million in Q4 2024 to a low of $186183.0 in Q1 2021.
  • Average Operating Expenses over 5 years is $25.1 million, with a median of $27.9 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: skyrocketed 21412.71% in 2022, then decreased 25.78% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $467434.0 in 2021, then soared by 7879.74% to $37.3 million in 2022, then decreased by 24.36% to $28.2 million in 2023, then surged by 87.84% to $53.0 million in 2024, then dropped by 25.78% to $39.3 million in 2025.
  • Per Business Quant, the three most recent readings for NRGV's Operating Expenses are $39.3 million (Q4 2025), $26.6 million (Q3 2025), and $30.7 million (Q2 2025).