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

Energy Vault Holdings (NRGV) has 6 years of Research & Development data on file, last reported at $2.6 million in Q1 2026.

• Quarterly Research & Development fell 37.52% year-over-year to $2.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.1 million (down 49.64% YoY) and the FY2025 annual result came in at $14.6 million, down 43.71% from the prior year.
• Research & Development declined to $2.6 million in Q1 2026, from $4.1 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $12.6 million in Q4 2024 to a low of $1.9 million in Q2 2022.
• A 5-year average of $5.4 million and a median of $4.3 million in 2022 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2022 — Research & Development jumped 11265.88% — and 2025, when it tumbled 67.36%.
• Tracing NRGV's Research & Development over 5 years: stood at $4.3 million in 2022, then rose by 7.12% to $4.6 million in 2023, then surged by 174.31% to $12.6 million in 2024, then plunged by 67.36% to $4.1 million in 2025, then sank by 37.12% to $2.6 million in 2026.
• The last three Research & Development figures came in at $2.6 million (Q1 2026), $4.1 million (Q4 2025), and $3.2 million (Q3 2025), per Business Quant data.