NRGV · CIK 0001828536 · FY2025 live · 2025-12-31
Energy Vault Holdings, Inc.
View as
Model
Classic Z
FY2025
−2.30
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−2.30
Z″ −7.28
Score −2.30 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
−0.141.2 × = −0.17X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−1.561.4 × = −2.18X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
−0.243.3 × = −0.78X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
0.300.6 × = 0.18X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.651 × = 0.65
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
23.82
from 24.55
0–100 · Classic Z family
Book standing
23
Year change
—
Market PD
—
O-score
26
Events on this name
Same published rows as Today.
Large rank drop
material · 67
- Meridian Rank: 24.55 → 23.82
Overview
rule-v1
Energy Vault Holdings, Inc. is on classic Z at −2.30 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.
Book screen Distress; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Classic Z scores · 14th percentile in Industrials.
- RIVNDistressRivian Automotive, Inc. / DE−2.31
- EYPTDistressEyePoint, Inc.−2.24
- KLNGDistressKoil Energy Solutions, Inc.−2.48
- DFLIDistressDragonfly Energy Holdings Corp.−2.11
- TRUGDistressTruGolf Holdings, Inc.−2.69
- NIKIDistressNiki BioSolutions, Inc.−2.76
- PTONDistressPELOTON INTERACTIVE, INC.−1.80
- QINDDistressQuality Industrial Corp.−1.78
Filing line items
Current assets
$121M
Total assets
$313M
Current liabilities
$165M
Total liabilities
$224M
Working capital
−$44M
Retained earnings
−$487M
EBIT
−$74M
Total sales
$204M
Book equity
$67M
Accession 0001828536-26-000022. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as is a display overlay. X4 is book equity. Pulled 14 Sept 2026.