Energy Vault Holdings Inc

For the period ended Dec 31, 2023. Filed Mar 13, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 13, 2024

NRGV$3.53-2.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of December 31, 202 and

(In thousands, except par value)

	December 31,
	2023	2022
Assets
Current Assets
Cash and cash equivalents	$109,923	$203,037
Restricted cash	35,632	83,145
Accounts receivable, net of allowance for credit losses of $69 and $— as of December 31, 2023 and 2022, respectively.	27,189	37,460
Contract assets, net of allowance for credit losses of $1,113 and $— as of December 31, 2023 and 2022, respectively.	84,873	28,978
Inventory	415	4,378
Customer financing receivable, current portion, net of allowance for credit losses of $375 and $— as of December 31, 2023 and 2022, respectively.	2,625	1,500
Advances to suppliers	8,294	24,327
Assets held for sale	6,111	—
Prepaid expenses and other current assets	4,520	7,242
Total current assets	279,582	390,067
Property and equipment, net	31,043	3,044
Intangible assets	1,786	—
Operating lease right-of-use assets	1,700	1,442
Customer financing receivable, long-term portion, net of allowance for credit losses of $957 and $— as of December 31, 2023 and 2022, respectively.	6,698	8,260
Investments	17,295	11,080
Other assets	2,649	2,820
Total Assets	$340,753	$416,713
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$21,165	$60,315
Accrued expenses	85,042	14,749
Contract liabilities, current portion	4,923	49,434
Lease liabilities, current portion	724	825
Total current liabilities	111,854	125,323
Deferred pension obligation	1,491	890
Contract liabilities, long-term portion	1,500	1,500
Other long-term liabilities	2,115	1,287
Total liabilities	116,960	129,000
Commitments and contingencies (Note 19)
Stockholders’ Equity
Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued	—	—
Common stock, $0.0001 par value; 500,000 shares authorized, 146,577 issued and outstanding at December 31, 2023 and 138,530 at December 31, 2022	15	14
Additional paid-in capital	473,271	435,852
Accumulated deficit	(248,072)	(147,265)
Accumulated other comprehensive loss	(1,421)	(888)
Total stockholders’ equity	223,793	287,713
Total Liabilities and Stockholders’ Equity	$340,753	$416,713

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.