Energy Vault Holdings (NRGV) Operating Expenses (2021 - 2026)

Energy Vault Holdings (NRGV) has 6 years of Operating Expenses data on file, last reported at $29.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 12.5% year-over-year to $29.0 million; the trailing twelve-month figure through Mar 2026 stood at $125.6 million (down 7.16% YoY), and the FY2025 full-year result was $122.4 million, down 10.15% from the prior year.
• Operating Expenses for Q1 2026 stood at $29.0 million, down from $39.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $53.0 million in Q4 2024 and bottomed at $20.4 million in Q2 2022.
• The 5-year median for Operating Expenses is $28.9 million (2024), against an average of $31.2 million.
• The widest annual swing landed in 2022, when Operating Expenses soared 21412.71%; it then dropped 25.78% in 2025.
• A 5-year view of Operating Expenses shows it stood at $37.3 million in 2022, then retreated by 24.36% to $28.2 million in 2023, then jumped by 87.84% to $53.0 million in 2024, then slipped by 25.78% to $39.3 million in 2025, then decreased by 26.29% to $29.0 million in 2026.
• The last three Operating Expenses figures came in at $29.0 million (Q1 2026), $39.3 million (Q4 2025), and $26.6 million (Q3 2025), per Business Quant data.

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