Energy Vault Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $58,260 | $27,091 |
| Restricted cash, current portion | 4,717 | 990 |
| Accounts receivable, net of allowance for credit losses of $1,236 and $1,211 as of December 31, 2025 and 2024, respectively | 25,938 | 14,565 |
| Contract assets, net of allowance for credit losses of $25,101 and $25,030 as of December 31, 2025 and 2024, respectively | 20,631 | 6,798 |
| Inventory | 139 | 107 |
| Customer financing receivable, current portion, net of allowance for credit losses of $4,500 and $2,352 as of December 31, 2025 and 2024, respectively | — | 2,148 |
| Advances to suppliers | 6,318 | 10,678 |
| Prepaid expenses and other current assets | 5,067 | 6,528 |
| Total current assets | 121,070 | 68,905 |
| Property and equipment, net | 96,064 | 99,493 |
| Intangible assets, net | 8,277 | 4,538 |
| Operating lease right-of-use assets | 2,242 | 1,206 |
| Customer financing receivable, long-term portion, net of allowance for credit losses of $6,974 and $3,645 as of December 31, 2025 and 2024, respectively | — | 3,329 |
| Investments, long-term portion | 3,366 | 3,270 |
| Restricted cash, long-term portion | 40,466 | 1,992 |
| Deferred income taxes | 40,508 | — |
| Other assets | 883 | 1,156 |
| Total Assets | $312,876 | $183,889 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable | $30,838 | $20,250 |
| Accrued expenses | 70,389 | 24,968 |
| Debt, current portion (including $50,250 measured at fair value) | 56,628 | — |
| Contract liabilities | 6,610 | 8,938 |
| Other current liabilities | 552 | 499 |
| Total current liabilities | 165,017 | 54,655 |
| Long-term debt (including $16,427 measured at fair value) | 37,970 | — |
| Warrant liabilities | 15,050 | 2 |
| Deferred pension obligation | 1,837 | 2,044 |
| Other long-term liabilities | 4,386 | 932 |
| Total liabilities | 224,260 | 57,633 |
| Commitments and contingencies (Note 22) | ||
| Mezzanine Equity | ||
| Redeemable non-controlling interest | 21,156 | — |
| Stockholders’ Equity | ||
| Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued | — | — |
| Common stock, $0.0001 par value; 500,000 shares authorized, 168,969 and 153,206 issued and outstanding at December 31, 2025 and 2024, respectively | 17 | 15 |
| Additional paid-in capital | 555,873 | 512,022 |
| Accumulated deficit | (487,433) | (383,822) |
| Accumulated other comprehensive loss | (966) | (1,896) |
| Non-controlling interest | (31) | (63) |
| Total stockholders’ equity | 67,460 | 126,256 |
| Total Liabilities, Mezzanine Equity, and Stockholders’ Equity | $312,876 | $183,889 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.