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Energy Vault Holdings (NRGV) R&D spending by quarter

Energy Vault Holdings' R&D spending was $2.5M in Q2 2026 (second quarter 2026), -2% from Q1 2026. Over the last 7 quarters it ranged from $2.5M (Q2 2026) to $6.4M (Q4 2024).

Energy Vault Holdings R&D spending by quarterEnergy Vault Holdings R&D spending by quarter$6.4MQ4 2024$3.8MQ1 2025$4.1MQ2 2025$3.4MQ3 2025$3.4MQ4 2025$2.6MQ1 2026$2.5MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$2.5M-2%-38%
Q1 2026$2.6M-23%-32%
Q4 2025$3.4M+0.4%-47%
Q3 2025$3.4M-17%—
Q2 2025$4.1M+7%—
Q1 2025$3.8M-40%—
Q4 2024$6.4M——

Q2 2026 at a glance

Energy Vault Holdings, Q2 2026: revenue $17.4M (+104% year over year), operating margin -142.0%, net loss $29.7M, operating cash flow −$30.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Energy Vault Holdings' R&D spending?

Energy Vault Holdings' R&D spending was $2.5M in Q2 2026 (second quarter 2026), -2% from Q1 2026.

How has Energy Vault Holdings' R&D spending changed?

Over the last 7 quarters it ranged from $2.5M (Q2 2026) to $6.4M (Q4 2024).

Q2 2026 results → · How Energy Vault Holdings makes money →