Company / R&D Expense
Energy Vault Holdings, Inc. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$14.6M
FY2025
5-year range
$7.9M / $42.6M
FY2021-FY2025
Trend
-43.7%
vs FY2024
Sector context
#152 of 174
Industrials
What the data says
Energy Vault Holdings, Inc.'s r&d expense of $15M is lower than 87% of companies in the Industrials sector (FY2025). Declined from $43M to $15M over the past 2 years.
Based on SEC 10-K filings.
$15M in FY2025 with a 3-year CAGR of -30.0%.
Declined from $43M to $15M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -30.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 13% in IndustrialsTop 87% of 174This company $14.6M Sector average $273.7M
▼
-94.7% below sector average
Key checks
Key Insights
- 3-year CAGR of -30.0%, indicating a declining trend.
- In FY2025, r&d expense decreased 43.7% year-over-year.
- Ranks #152 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score -1.39 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $14.6M | -43.7% |
| FY2024 | $26.0M | -39.0% |
| FY2023 | $42.6M | +0.0% |
| FY2022 | $42.6M | +438.5% |
| FY2021 | $7.9M | - |
| FY2020 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026