Cost of revenue · 2021–2025

Energy Vault cost of revenue

$156M+289.1% · FY2025

Energy Vault (NRGV) reported $156M in cost of revenue for fiscal 2025, +289.1% year on year.

$02021$86.6M2022$324M2023$40.0M2024$156M2025
Energy Vault — Cost of revenue, 2021–2025
Fiscal yearCost of revenueChangeFiling
FY20252025-12-31$156M+289.1%Open →
FY20242024-12-31$40.0M−87.7%Open →
FY20232023-12-31$324M+274.2%Open →
FY20222022-12-31$86.6M+$86.6MOpen →
FY20212021-12-31$0—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Energy Vault cost of revenue |url=https://companiesranked.com/en/company/energy-vault/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Energy Vault cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/energy-vault/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-energy-vault-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{Energy Vault cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/energy-vault/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001828536-26-000022 · March 18, 2026

{{cite web |title=Energy Vault cost of revenue — 10-K (0001828536-26-000022) |url=https://www.sec.gov/Archives/edgar/data/1828536/000182853626000022/nrgv-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-18}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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