Energy Vault Holdings (NRGV) Research & Development (2021 - 2026)
Energy Vault Holdings' (NRGV) quarterly Research & Development came in at $2.6 million in Q1 2026, down 37.52% YoY from $4.1 million in Q1 2025, and down 37.12% on a QoQ basis from $4.1 million in Q4 2025.
Energy Vault Holdings (NRGV) Research & Development (2021 - 2026) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.98 Bn | 10.81 Bn | 117.49 Mn | 4.69 Mn |
| 2 | Ormat Technologies | 7.10 Bn | 6.44 Bn | 68.70 Mn | 5.97 Mn |
| 3 | Brookfield Renewable Partners | 4.73 Bn | 2.23 Bn | 623.00 Mn | - |
| 4 | Clearway Energy | 3.80 Bn | 3.46 Bn | 332.00 Mn | - |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | - |
| 6 | Fluence Energy | 1.84 Bn | 1.28 Bn | 33.24 Mn | 25.30 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 581.62 Mn | - | - |
| 8 | Energy Vault Holdings | 686.61 Mn | 617.86 Mn | 4.79 Mn | 2.59 Mn |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | - |
| 10 | Eco Wave Power Global AB (publ) | 335.24 Mn | 335.24 Mn | - | -140,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.59 Mn |
| Dec 31, 2025 | 4.12 Mn |
| Sep 30, 2025 | 3.21 Mn |
| Jun 30, 2025 | 3.16 Mn |
| Mar 31, 2025 | 4.15 Mn |
| Dec 31, 2024 | 12.62 Mn |
| Sep 30, 2024 | 4.35 Mn |
| Jun 30, 2024 | 4.86 Mn |
| Mar 31, 2024 | 4.17 Mn |
| Dec 31, 2023 | 4.60 Mn |
| Sep 30, 2023 | 8.16 Mn |
| Jun 30, 2023 | 4.85 Mn |
| Mar 31, 2023 | 11.18 Mn |
| Dec 31, 2022 | 4.30 Mn |
| Sep 30, 2022 | 3.76 Mn |
| Jun 30, 2022 | 1.95 Mn |
| Mar 31, 2022 | 9.66 Mn |
| Dec 31, 2021 | 2.99 Mn |
| Sep 30, 2021 | 169,000.00 |
| Jun 30, 2021 | 189,000.00 |