Energy Vault Earnings Reports

OptimizeRx delivered top-line growth and improved bottom-line performance in Q1 2025, supported by enhanced gross profit and positive non-GAAP earnings, alongside raised full-year guidance.

Energy Vault's Q4 2024 revenue reached $33.5 million, primarily driven by U.S. storage equipment deliveries. However, net loss widened to $61.8 million due to increased credit loss provisions and investment write-downs. Despite lower revenue, the company expanded its backlog to $660 million and continued its transition to an asset ownership model, expecting long-term revenue streams from retained energy projects.