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.

• Quarterly Operating Expenses rose 12.5% year-over-year to $29.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $125.6 million (down 7.16% YoY) and the FY2025 annual result came in at $122.4 million, down 10.15% from the prior year.
• Operating Expenses eased to $29.0 million in Q1 2026, from $39.3 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 $12.6 million in Q2 2022.
• A 5-year average of $29.0 million and a median of $28.2 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 21412.71% — and 2025, when it dropped 25.78%.
• Tracing NRGV's Operating Expenses over 5 years: stood at $27.7 million in 2022, then grew by 2.01% to $28.2 million in 2023, then soared by 87.84% to $53.0 million in 2024, then decreased by 25.78% to $39.3 million in 2025, then retreated 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.