Energy Vault Holdings, Inc. (NRGV) Q4 2024 Earnings Call

Concluded Mar 17, 2025

Mar 17, 2025 0 turns

Period: FY2024 Q4
Runtime: —
Sources: 3 artifacts

Slides 10 8-K 10-K

Executive readout · one minute

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Backlog and revenue growth 76 Geographic expansion 39 Powered land and powered shell 36 Own and operate IPP transition 34 AI data center / power demand 9 Gross margin expansion 7

Management tone

Confident

Net tone +88 · low hedging

Grounding quotes

“This is no longer a forward-looking transition. It is now visible across our backlog, our asset base, and our financial performance”
“revenue up over 150% year-over-year, backlog more than doubled 108%, adjusted gross profit up 25%, cash up 148%, reaching $117 million, and our megawatts, very importantly, under our control, up almost five times year-over-year”
“the team at Energy Vault executed and delivered the only energy storage company to deliver on their original, guidance that we set for the year”
“we delivered broad-based triple-digit growth across most all key metrics”

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Revenue · derived Q4 $33.47M -71.7% YoY

Gross margin · derived Q4 7.7% +4.3 pp YoY

Net income · derived Q4 -$61.83M

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Presentation 10 pages 8-K earnings release Filed Mar 17, 2025 10-K report Filed Apr 1, 2025

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