Sale Of Energy Storage Products was the largest of Energy Vault Holdings, Inc.’s 4 reported lines in fiscal 2025, at $588.59M — 97% of $604.00M.
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Sale Of Energy Storage Products | — | $1.02B | $133.78M | $588.59M |
| Build & Transfer Energy Storage Products | $256.91M | — | — | — |
| Licensing Of Intellectual Property | $175.45M | — | — | — |
| Intellectual Property (“Ip”) Licensing | — | — | $345.00K | $9.94M |
| Ip Licensing | — | $2.21M | — | — |
| Operation & Maintenance Services | — | — | $3.27M | $3.85M |
| Other | $5.27M | $1.55M | — | — |
| Software Licensing | — | — | $1.21M | $1.62M |
| Total | $437.63M | $1.02B | $138.60M | $604.00M |
In fiscal 2025, which ended December 31, 2025, the 4 revenue lines Energy Vault Holdings, Inc. reported in this breakdown added up to $604.00M. That was up 335.8% from $138.60M in fiscal 2024. Sale Of Energy Storage Products was the largest revenue line, at $588.59M or 97.4% of the total, followed by Intellectual Property (“Ip”) Licensing ($9.94M, 1.6%) and Operation & Maintenance Services ($3.85M, 0.6%). Together, the two largest revenue lines made up 99.1% of this total.
Sale Of Energy Storage Products (fiscal 2023), Intellectual Property (“Ip”) Licensing (fiscal 2024), Operation & Maintenance Services (fiscal 2024) and Software Licensing (fiscal 2024) were first reported as separate revenue lines during this period. The table also keeps 4 revenue lines that Energy Vault Holdings, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 4 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2022 to 2025, as reported in Energy Vault Holdings, Inc.'s annual filings.
Australia was the largest of Energy Vault Holdings, Inc.’s 3 reported lines in fiscal 2025, at $372.82M — 61% of $611.01M.
| Geography | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| United States | $256.91M | $1.02B | $133.27M | $222.66M |
| Australia | — | — | $2.98M | $372.82M |
| China | $151.55M | $1.43M | — | — |
| Other | $29.17M | — | $2.35M | $15.54M |
| Total | $437.63M | $1.02B | $138.60M | $611.01M |
In fiscal 2025, which ended December 31, 2025, the 3 regions Energy Vault Holdings, Inc. reported in this breakdown added up to $611.01M. That was up 340.9% from $138.60M in fiscal 2024. Australia was the largest region, at $372.82M or 61.0% of the total, followed by United States ($222.66M, 36.4%) and Other ($15.54M, 2.5%). Together, the two largest regions made up 97.5% of this total.
Compared with fiscal 2024, Australia grew the fastest, rising 12,427.5% to $372.82M. Every sizeable region reported in both years grew.
Australia was first reported as a separate region in fiscal 2024. The table also keeps 1 region that Energy Vault Holdings, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2022 to 2025, as reported in Energy Vault Holdings, Inc.'s annual filings.
Energy Vault Holdings, Inc. (NRGV) breaks its revenue down by revenue line and region. In fiscal 2025, its largest revenue line was Sale Of Energy Storage Products, with $588.59M or 97.4% of the total, followed by Intellectual Property (“Ip”) Licensing at $9.94M (1.6%).
Sale Of Energy Storage Products was Energy Vault Holdings, Inc.'s largest revenue line in fiscal 2025, with $588.59M in revenue, 97.4% of the $604.00M reported across its 4 revenue lines.
Australia was Energy Vault Holdings, Inc.'s largest region in fiscal 2025, with $372.82M in revenue, 61.0% of the $611.01M reported across its 3 regions.
Of the Energy Vault Holdings, Inc. regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Australia grew the fastest, rising 12,427.5% from $2.98M to $372.82M.
Every figure is taken from Energy Vault Holdings, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2022 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.