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Energy Vault Holdings (Energy Vault Holdings) Retained Earnings : $-269.2 Mil (As of Mar. 2024)


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What is Energy Vault Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Energy Vault Holdings's retained earnings for the quarter that ended in Mar. 2024 was $-269.2 Mil.

Energy Vault Holdings's quarterly retained earnings declined from Sep. 2023 ($-225.9 Mil) to Dec. 2023 ($-248.1 Mil) and declined from Dec. 2023 ($-248.1 Mil) to Mar. 2024 ($-269.2 Mil).

Energy Vault Holdings's annual retained earnings declined from Dec. 2021 ($-69.0 Mil) to Dec. 2022 ($-147.3 Mil) and declined from Dec. 2022 ($-147.3 Mil) to Dec. 2023 ($-248.1 Mil).


Energy Vault Holdings Retained Earnings Historical Data

The historical data trend for Energy Vault Holdings's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Energy Vault Holdings Retained Earnings Chart

Energy Vault Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
-13.46 -37.63 -68.97 -147.27 -248.07

Energy Vault Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -180.80 -206.96 -225.90 -248.07 -269.21

Energy Vault Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Energy Vault Holdings  (NYSE:NRGV) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Energy Vault Holdings (Energy Vault Holdings) Business Description

Traded in Other Exchanges
Address
4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361
Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.
Executives
Akshay Ladwa officer: Chief Engineering Officer C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin officer: Chief Product Officer 4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees officer: Chief Financial Officer 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese officer: Chief Operating Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren officer: Chief People Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow officer: Chief Legal Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander officer: Chief Marketing Officer C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi director, officer: Chief Executive Officer C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti officer: Chief Technology Officer 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello director C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross director C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock officer: Interim CFO 67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel director C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc 10 percent owner 130 W. UNION STREET, PASADENA CA 91103
John G Jung officer: President of EVS 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361