Energy Vault Holdings (NRGV) Research & Development (2021 - 2026)

Energy Vault Holdings has reported Research & Development for 6 years, with the latest figure at $2.6 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development fell 32.27% year-over-year to $2.6 million; the trailing twelve-month figure through Mar 2026 stood at $13.4 million (down 41.37% YoY), and the FY2025 full-year result was $14.6 million, down 43.71% from the prior year.
• Research & Development for Q1 2026 stood at $2.6 million, down from $3.4 million in the prior quarter.
• The five-year high for Research & Development was $13.8 million in Q4 2022, with the low at $2.6 million in Q1 2026.
• Historically, Research & Development has averaged $7.3 million across 5 years, with a median of $7.0 million in 2024.
• Annual changes were most pronounced in 2022 — Research & Development soared 846.23% — and 2025, when it slumped 47.08%.
• Energy Vault Holdings' Research & Development stood at $13.8 million in 2022, then sank by 45.42% to $7.6 million in 2023, then retreated by 15.55% to $6.4 million in 2024, then tumbled by 47.08% to $3.4 million in 2025, then decreased by 23.26% to $2.6 million in 2026.
• The last three Research & Development figures came in at $2.6 million (Q1 2026), $3.4 million (Q4 2025), and $3.4 million (Q3 2025), per Business Quant data.