Energy Vault(NRGV) - 2025 Q1 - Quarterly Results

Q1 2025 GAAP gross margin more than doubled to 57.1% versus prior year on favorable regional and revenue mix Contract revenue backlog of $648 million, up 49% year-to-date on Australia and U.S. strength Q1 2025 Revenue increased by 10% versus prior year to$ 8.5 million driven by Australia projects and India license Exhibit 99.1 Energy Vault Reports First Quarter 2025 Financial Results Quarter-end Cash improved 57% versus year-end 2024 to $47.2 million (including restricted cash) as the Calistoga project fina ...