Energy Vault Holdings, Inc.
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
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FY2024 · Filed Apr 1, 2025
NRGV$3.53-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
(In thousands, except par value)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $27,091 | $109,923 |
| Restricted cash, current portion | 990 | 35,632 |
| Accounts receivable, net of allowance for credit losses of $1,211 and $69 as of December 31, 2024 and 2023, respectively. | 14,565 | 27,189 |
| Contract assets, net of allowance for credit losses of $25,030 and $1,113 as of December 31, 2024 and 2023, respectively. | 6,798 | 84,873 |
| Inventory | 107 | 415 |
| Customer financing receivable, current portion, net of allowance for credit losses of $2,352 and $375 as of December 31, 2024 and 2023, respectively. | 2,148 | 2,625 |
| Advances to suppliers | 10,678 | 8,294 |
| Investments, current portion | 2,933 | — |
| Prepaid expenses and other current assets | 3,595 | 4,520 |
| Assets held for sale | — | 6,111 |
| Total current assets | 68,905 | 279,582 |
| Property and equipment, net | 99,493 | 31,043 |
| Intangible assets, net | 4,538 | 1,786 |
| Operating lease right-of-use assets, net | 1,206 | 1,700 |
| Customer financing receivable, long-term portion, net of allowance for credit losses of $3,645 and $957 as of December 31, 2024 and 2023, respectively. | 3,329 | 6,698 |
| Investments, long-term portion | 3,270 | 17,295 |
| Restricted cash, long-term portion | 1,992 | — |
| Other assets | 1,156 | 2,649 |
| Total Assets | $183,889 | $340,753 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable | $20,250 | $21,165 |
| Accrued expenses | 24,968 | 85,042 |
| Contract liabilities, current portion | 8,938 | 4,923 |
| Lease liabilities, current portion | 499 | 724 |
| Total current liabilities | 54,655 | 111,854 |
| Deferred pension obligation | 2,044 | 1,491 |
| Contract liabilities, long-term portion | — | 1,500 |
| Other long-term liabilities | 934 | 2,115 |
| Total liabilities | 57,633 | 116,960 |
| Commitments and contingencies (Note 20) | ||
| Stockholders’ Equity | ||
| Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued | — | — |
| Common stock, $0.0001 par value; 500,000 shares authorized, 153,206 issued and outstanding at December 31, 2024 and 146,577 at December 31, 2023 | 15 | 15 |
| Additional paid-in capital | 512,022 | 473,271 |
| Accumulated deficit | (383,822) | (248,072) |
| Accumulated other comprehensive loss | (1,896) | (1,421) |
| Non-controlling interest | (63) | — |
| Total stockholders’ equity | 126,256 | 223,793 |
| Total Liabilities and Stockholders’ Equity | $183,889 | $340,753 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.