Energy Vault Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
View on SEC.govAbout 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.
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
Table of Contents
| Page | ||
|---|---|---|
| Cautionary Note Regarding Forward-Looking Statements | 3 | |
| Part I | ||
| Item 1. | Business | 5 |
| Item 1A. | Risk Factors | 15 |
| Item 1B. | Unresolved Staff Comments | 46 |
| Item 1C. | Cybersecurity | 47 |
| Item 2. | Properties | 48 |
| Item 3. | Legal Proceedings | 48 |
| Item 4. | Mine Safety Disclosures | 48 |
| Part II | ||
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 49 |
| Item 6. | [Reserved] | 49 |
| Item 7. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 49 |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 70 |
| Item 8. | Financial Statements and Supplementary Data | 72 |
| Item 9. | Changes In and Disagreements with Accountants on Accounting and Financial Disclosures | 124 |
| Item 9A. | Controls and Procedures | 124 |
| Item 9B. | Other Information | 125 |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions That Prevent Inspections | 125 |
| Part III | ||
| Item 10. | Directors, Executive Officers and Corporate Governance | 126 |
| Item 11. | Executive Compensation | 126 |
| Item 12. | Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters | 126 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 126 |
| Item 14. | Principal Accounting Fees and Services | 126 |
| Part IV | ||
| Item 15. | Exhibits and Financial Statement Schedules | 127 |
| Signatures | 132 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.