Eos Energy Enterprises Inc (EOSE) financial statements: income statement, balance sheet and cash flow
Eos Energy Enterprises Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Eos Energy Enterprises Inc reported revenue of $114.2M (+631.8% year on year) and net income of ($1.7B) (-81.0% year on year).
Income statement
Eos Energy Enterprises Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$114.2M
$15.6M
$16.4M
$17.9M
Cost of goods sold
$258.0M
$98.9M
$89.8M
$153.3M
Gross profit (loss)
($143.8M)
($83.3M)
—
—
Research and development expenses
$28.5M
$22.8M
$18.7M
$18.5M
Selling, general and administrative expenses
$85.1M
$60.0M
$53.6M
$60.6M
Loss from write-down of property, plant and equipment
$1.8M
$9.1M
$7.2M
$6.8M
Total operating expenses
$115.4M
$91.9M
$169.3M
$239.2M
Operating income (loss)
($259.3M)
($175.2M)
($152.9M)
($221.3M)
Interest expense, net
($23.3M)
($28.2M)
($56.2M)
($7.9M)
Change in fair value of debt - related party
$18.1M
$33.8M
—
—
Change in fair value of warrants
($279.9M)
($171.2M)
($25.0M)
—
Change in fair value of derivatives
($306.8M)
—
—
—
(Loss) gain on debt extinguishment
($52.7M)
$68.5M
($3.5M)
($942.0K)
Induced conversion expense
($63.5M)
—
—
—
Other expense
($2.4M)
($8.1M)
($1.8M)
($477.0K)
Loss before income taxes
($969.6M)
($685.8M)
($229.5M)
($229.8M)
Income tax expense
$24.0K
$21.0K
$31.0K
$51.0K
Net loss attributable to shareholders
($969.6M)
($685.9M)
($229.5M)
($229.8M)
Remeasurement of Preferred Stock - related party
($770.7M)
—
—
—
Down round deemed dividend
($4.5M)
—
—
—
Net loss attributable to common shareholders
($1.7B)
($964.2M)
—
—
Change in fair value of debt - credit risk - related party
($87.3M)
($43.5M)
—
—
Foreign currency translation adjustment
$16.0K
($13.0K)
$1.0K
$6.0K
Comprehensive loss attributable to common shareholders
($1.8B)
($1.0B)
($229.5M)
($229.8M)
Basic (in dollars per share)
-$6.69
-$4.55
-$1.81
-$3.68
Diluted (in dollars per share)
-$6.69
-$4.55
-$1.81
-$3.68
Basic (in shares)
260.8M
212.0M
127.0M
62.4M
Diluted (in shares)
260.8M
212.0M
127.0M
62.4M
Eos Energy Enterprises Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$68.8M
$57.0M
$30.5M
$15.2M
Cost of goods sold
$117.6M
$101.4M
$64.4M
$46.2M
Gross profit (loss)
($48.8M)
($44.4M)
($33.9M)
($31.0M)
Research and development expenses
$10.5M
$10.7M
$6.9M
$7.2M
Selling, general and administrative expenses
$24.5M
$24.1M
$19.8M
$25.5M
Loss from write-down of property, plant and equipment
$5.0K
$71.0K
$585.0K
$205.0K
Total operating expenses
$35.0M
$34.9M
$27.3M
$32.9M
Operating income (loss)
($83.8M)
($79.3M)
($61.2M)
($63.8M)
Interest expense
($12.0M)
($12.2M)
—
—
Interest income
$3.7M
$2.8M
—
—
Change in fair value of debt - related party
($4.5M)
($4.2M)
($3.6M)
$31.6M
Change in fair value of warrants
($22.6M)
$168.7M
($240.8M)
($57.9M)
Change in fair value of derivatives
($121.0M)
$433.2M
—
—
Loss on debt extinguishment
$0
—
($3.6M)
($49.1M)
Loss on contingently issuable securities
($35.7M)
—
—
—
Other income (expense)
$206.0K
($3.0K)
($337.0K)
($606.0K)
(Loss) income before income taxes
($275.7M)
$508.9M
($641.4M)
($222.9M)
Income tax expense
$13.0K
$5.0K
$4.0K
$6.0K
Net (loss) income attributable to shareholders
($275.7M)
$508.9M
($641.4M)
($222.9M)
Remeasurement of Preferred Stock - related party
($130.6M)
$778.9M
($691.1M)
($21.4M)
Down round deemed dividend
$0
—
$0
($4.5M)
Net (loss) income applicable to common stock
($406.3M)
$1.3B
—
—
Change in fair value of debt - credit risk - related party
($45.6M)
$41.5M
($17.8M)
($6.2M)
Foreign currency translation adjustment
($3.0K)
($10.0K)
($3.0K)
$14.0K
Comprehensive (loss) income attributable to common shareholders
($451.9M)
$1.3B
($1.4B)
($255.0M)
Net (loss) income available to common shareholders
($406.3M)
$826.6M
($1.3B)
($248.8M)
Basic (in dollars per share)
-$1.20
$2.43
-$4.91
-$1.05
Diluted (in dollars per share)
-$1.20
$0.12
-$4.91
-$1.05
Basic (in shares)
339.8M
339.6M
271.6M
237.7M
Diluted (in shares)
339.8M
544.8M
271.6M
237.7M
Balance sheet
Eos Energy Enterprises Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$568.0M
$74.3M
$69.5M
$17.1M
Restricted cash
$34.6M
$14.1M
$3.4M
$2.7M
Loan commitment assets - related party
$0
$21.7M
—
—
Accounts receivable, net
$6.8M
$3.0M
$3.4M
$1.7M
Inventory
$59.0M
$32.8M
$17.1M
$23.3M
Vendor deposits
$11.8M
$17.4M
$7.2M
$4.8M
Contract assets, current
$14.0M
$13.1M
$6.4M
$1.9M
Prepaid expenses
$2.7M
$938.0K
$1.1M
$2.3M
Grant receivable, net
$11.0M
$2.3M
$3.3M
—
Other current assets
$590.0K
$219.0K
$3.6M
$1.4M
Total current assets
$708.5M
$179.9M
$122.3M
$55.1M
Property, plant and equipment, net
$114.4M
$45.7M
$37.9M
$27.2M
Intangible assets, net
$979.0K
$240.0K
$295.0K
$240.0K
Goodwill
$4.3M
$4.3M
$4.3M
$4.3M
Operating lease right-of-use asset, net
$20.4M
$2.9M
$4.0M
$4.3M
Long-term restricted cash
$21.9M
$15.0M
$11.8M
$11.4M
Other assets, net
$14.6M
$12.3M
$5.9M
$3.3M
Total assets
$885.2M
$260.3M
$186.5M
$106.8M
Accounts payable
$99.9M
$16.7M
$20.5M
$34.7M
Accrued expenses
$25.8M
$22.0M
$32.3M
$15.4M
Operating lease liability, current
$2.0M
$1.9M
$1.5M
$1.1M
Long-term debt, current
$372.0K
$2.0M
$3.3M
$2.9M
Contract liabilities, current
$15.0M
$22.0M
$3.1M
$3.9M
Other current liabilities
$524.0K
$288.0K
$100.0K
$32.0K
Total current liabilities
$143.5M
$65.0M
$60.9M
$60.6M
Operating lease liability
$19.2M
$1.6M
$3.4M
$4.1M
Long-term debt
$662.5M
$65.8M
$88.0M
$87.3M
Notes payable - related party
$150.4M
$249.1M
—
$0
Contract liabilities, long-term
$2.5M
$4.3M
$3.5M
$956.0K
Warrants liability
$784.0M
$456.2M
—
—
Other liabilities
$427.0K
$69.0K
$1.5M
$3.5M
Total long-term liabilities
$1.6B
$777.1M
$236.4M
$178.9M
Total liabilities
$1.8B
$842.1M
$297.3M
$239.5M
SERIES B PREFERRED STOCK - related party (NOTE 3)
$1.4B
$488.7M
—
—
Common Stock, $0.0001 par value, 600,000,000 shares authorized, 337,132,374 and 221,791,205 shares outstanding at December 31, 2025 and 2024, respectively
32.0K
23.0K
21.0K
9.0K
Additional paid in capital
$427.7M
$534.7M
$765.0M
$513.6M
Accumulated deficit
($2.5B)
($1.6B)
($875.8M)
($646.3M)
Accumulated other comprehensive income (loss)
($130.8M)
($43.5M)
$7.0K
$6.0K
Total shareholders' deficit
($2.2B)
($1.1B)
($110.8M)
($132.7M)
Total liabilities, preferred stock and shareholders' deficit
$885.2M
$260.3M
$186.5M
$106.8M
Eos Energy Enterprises Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$305.5M
$410.7M
$58.7M
$120.2M
Restricted cash
$43.6M
$39.8M
$36.9M
$31.8M
Accounts receivable, net
$13.6M
$3.8M
$4.8M
$3.3M
Inventory
$75.0M
$58.7M
$47.6M
$41.1M
Vendor deposits
$16.1M
$12.1M
$12.5M
$11.2M
Contract assets, current
$15.9M
$39.4M
$12.0M
$14.6M
Prepaid expenses
$3.2M
$3.4M
$2.4M
$2.0M
Grant receivable, net
$33.8M
$21.4M
$12.2M
$6.6M
Other current assets
$7.2M
$701.0K
$1.5M
$1.5M
Total current assets
$514.0M
$590.0M
$188.7M
$232.3M
Property, plant and equipment, net
$177.5M
$145.8M
$86.0M
$75.5M
Intangible assets, net
$1.5M
$1.3M
$1.1M
$192.0K
Goodwill
$4.3M
$4.3M
$4.3M
$4.3M
Operating lease right-of-use asset, net
$20.7M
$21.5M
$2.3M
$2.6M
Long-term restricted cash
$15.0M
$21.9M
$31.1M
$31.1M
Other assets, net
$173.8M
$14.6M
$14.6M
$14.9M
Total assets
$906.8M
$799.3M
$328.2M
$361.0M
Accounts payable
$105.6M
$77.1M
$51.6M
$39.7M
Accrued expenses
$42.5M
$39.2M
$31.4M
$23.6M
Operating lease liability, current
$1.8M
$2.0M
$2.2M
$2.2M
Long-term debt, current
$0
$0
$730.0K
$1.1M
Contract liabilities, current
$7.9M
$6.7M
$16.7M
$37.4M
Other current liabilities
$126.0K
$326.0K
$683.0K
$171.0K
Total current liabilities
$157.9M
$125.3M
$103.4M
$104.3M
Operating lease liability
$21.9M
$21.4M
$389.0K
$871.0K
Long-term debt
$453.8M
$506.4M
$330.4M
$307.3M
Notes payable - related party
$163.3M
$113.1M
$117.3M
$136.9M
Contract liabilities, long-term
$2.0M
$2.2M
$2.5M
$2.1M
Warrants liability
$389.4M
$316.3M
$870.6M
$380.1M
Other liabilities
$36.0M
$394.0K
$382.0K
$190.0K
Total long-term liabilities
$1.1B
$959.8M
$1.3B
$827.4M
Total liabilities
$1.2B
$1.1B
$1.4B
$931.7M
SERIES B PREFERRED STOCK - related party
$713.2M
$582.7M
$1.2B
$532.3M
Common stock, $0.0001 par value, 800,000,000 shares authorized, 340,592,001 and 337,132,374 shares outstanding on June 30, 2026 and December 31, 2025, respectively
32.0K
32.0K
27.0K
25.0K
Additional paid in capital
$1.4B
$1.2B
$162.5M
$720.7M
Accumulated deficit
($2.3B)
($2.0B)
($2.4B)
($1.8B)
Accumulated other comprehensive (loss) income
($134.9M)
($89.3M)
($67.5M)
($49.7M)
Total shareholders' deficit
($1.0B)
($868.4M)
($2.3B)
($1.1B)
Total liabilities, preferred stock and shareholders' deficit
$906.8M
$799.3M
$328.2M
$361.0M
Cash flow statement
Eos Energy Enterprises Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($969.6M)
($685.9M)
($229.5M)
($229.8M)
Stock-based compensation
$24.9M
$18.8M
$14.1M
$13.8M
Depreciation and amortization
$14.2M
$7.9M
$9.8M
$6.8M
Loss from write-down of property, plant and equipment
$1.8M
$9.1M
$7.2M
$6.8M
Amortization of right-of-use assets
$1.9M
$1.2M
$1.0M
$865.0K
Non-cash interest expense
$19.0M
$24.8M
$41.9M
$6.3M
(Gain) loss on debt extinguishment
$52.7M
($68.5M)
$3.5M
$942.0K
Induced conversion expense
$63.5M
—
—
—
Change in fair value of debt - related party
($18.1M)
($33.8M)
—
—
Change in fair value of warrants
$279.9M
$171.2M
$25.0M
—
Change in fair value of derivatives
$306.8M
—
—
—
Other
($96.0K)
$13.0M
$1.9M
$5.9M
Prepaid expenses
($1.8M)
$144.0K
$1.2M
$304.0K
Inventory
($22.4M)
($20.5M)
$6.2M
($10.3M)
Accounts receivable
($4.0M)
$349.0K
($1.7M)
$234.0K
Vendor deposits
($2.9M)
$350.0K
($2.4M)
$6.8M
Contract assets
($1.7M)
($5.7M)
($6.3M)
($631.0K)
Grant receivable
($8.7M)
$973.0K
($3.0M)
—
Accounts payable
$62.1M
($4.6M)
($11.5M)
$19.5M
Accrued expenses
$3.3M
($14.7M)
$19.3M
$5.1M
Operating lease liabilities
($1.8M)
($1.4M)
($1.1M)
($785.0K)
Contract liabilities
($8.9M)
$19.7M
$1.8M
$4.0M
Other receivables
$0
$7.5M
($7.5M)
—
Other
($1.2M)
$640.0K
($4.8M)
($1.4M)
Net cash used in operating activities
($211.2M)
($153.9M)
($145.0M)
($196.9M)
Investment in internally developed software
($913.0K)
—
—
—
Purchases of property, plant and equipment
($53.8M)
($33.2M)
($29.3M)
($20.1M)
Net cash used in investing activities
($54.7M)
($33.2M)
($29.5M)
($17.2M)
Proceeds received from Credit and Securities Purchase Transaction, net - related party
$38.5M
$160.3M
$0
$98.0M
Proceeds received from DOE Loan, net of fees paid to lender
$22.7M
$66.6M
—
—
Proceeds received from May 2025 Convertible Notes, net
$820.5M
$0
$48.0M
$9.3M
Payment of debt extinguishment costs - related party
($1.7M)
—
—
—
Payment of debt and equity issuance costs
($7.0M)
($18.1M)
($4.2M)
($12.4M)
Payoff of Senior Secured Term Loan
$0
($19.9M)
—
—
Payoff of Notes Payable - related party
($180.9M)
—
—
($304.0K)
Repurchase of May 2025 Convertible Notes
($558.2M)
—
—
—
Return of debt repurchase premium
$5.0M
—
—
—
Principal payments on finance lease obligations
($57.0K)
($99.0K)
($96.0K)
($14.0K)
Repayment of equipment financing facility
($1.6M)
($3.3M)
($2.9M)
($1.9M)
Proceeds from issuance of common stock
$539.3M
$14.1M
—
$43.6M
Proceeds from exercise of stock options
$2.5M
$56.0K
$462.0K
$0
Proceeds from exercise of warrants
$108.6M
$7.5M
$0
$7.0K
Repurchase of shares from employees for income tax withholding purposes
-488.0K
-1.2M
-633.0K
-978.0K
Net cash provided by financing activities
$787.1M
$205.8M
$227.9M
$139.5M
Effect of foreign exchange on cash, cash equivalents and restricted cash
($3.0K)
($17.0K)
$5.0K
$14.0K
Eos Energy Enterprises Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$233.2M
$508.9M
($849.2M)
($207.8M)
Stock-based compensation
$12.1M
$5.9M
$19.7M
$14.7M
Depreciation and amortization
$11.5M
$5.4M
$9.0M
$5.6M
Loss on debt extinguishment
$0
—
$52.7M
$49.1M
Loss from write-down of property, plant and equipment
$76.0K
$71.0K
$1.4M
$766.0K
Amortization of right-of-use assets
$1.5M
$780.0K
$1.3M
$805.0K
Non-cash interest expense
$17.2M
$8.7M
$13.5M
$14.1M
Change in fair value of debt - related party
$8.8M
$4.2M
($22.1M)
($25.7M)
Change in fair value of warrants
($146.1M)
($168.7M)
$252.8M
$12.0M
Change in fair value of derivatives
($312.2M)
($433.2M)
—
—
Loss on contingently issuable securities
$35.7M
—
—
—
Other
$669.0K
($205.0K)
($6.1M)
($6.3M)
Prepaid expenses
($542.0K)
($688.0K)
($1.4M)
($1.1M)
Inventory
($16.6M)
$571.0K
($6.7M)
($90.0K)
Accounts receivable
($6.9M)
$2.9M
($2.0M)
($424.0K)
Vendor deposits
($5.9M)
($2.6M)
($5.0M)
($5.1M)
Contract assets
($7.4M)
($25.5M)
($945.0K)
($2.8M)
Grant receivable
($22.8M)
($10.3M)
($10.0M)
($4.3M)
Accounts payable
$12.5M
($14.8M)
$22.2M
$10.2M
Accrued expenses
$7.5M
$7.2M
$9.1M
($1.3M)
Operating lease liabilities
$736.0K
$399.0K
($1.6M)
($961.0K)
Contract liabilities
($7.6M)
($8.5M)
($7.2M)
$13.2M
Other
($7.0M)
($177.0K)
($206.0K)
($1.6M)
Net cash used in operating activities
($191.8M)
($119.7M)
($160.9M)
($95.0M)
Investment in internally developed software
($76.0K)
($76.0K)
($897.0K)
—
Purchases of property, plant and equipment
($70.5M)
($35.1M)
($28.8M)
($12.0M)
Net cash used in investing activities
($70.6M)
($35.1M)
($29.7M)
($12.0M)
Principal payments on finance lease obligations
($45.0K)
($20.0K)
($39.0K)
($22.0K)
Proceeds from exercise of stock options
$74.0K
$3.0K
$758.0K
$319.0K
Proceeds from exercise of warrants
$3.3M
$3.3M
$14.2M
$7.8M
Proceeds from the issuance of May 2025 Convertible Notes, net of discount
$0
—
$240.0M
$240.0M
Proceeds received from Credit and Securities Purchase Transaction, net - related party
$0
$0
$38.5M
$38.5M
Payment of debt issuance costs
($566.0K)
($468.0K)
$0
($2.8M)
Payoff of notes payable - related parties
$0
—
($180.9M)
($180.9M)
Payment of debt extinguishment costs
$0
—
($781.0K)
($680.0K)
Return of debt repurchase premium
$0
—
$5.0M
$5.0M
Repayment of equipment financing facility
($122.0K)
($122.0K)
($1.3M)
($912.0K)
Proceeds from issuance of common stock
$0
—
$81.1M
$81.1M
Repurchase of shares from employees for income tax withholding purposes
-813.0K
0
-488.0K
-488.0K
Net cash provided by financing activities
$1.8M
$2.7M
$214.1M
$186.8M
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$0
$2.0K
$0
($2.0K)
Net (decrease) increase in cash, cash equivalents and restricted cash
($260.5M)
($152.2M)
$23.4M
$79.8M
Cash, cash equivalents and restricted cash, beginning of the period
$624.6M
$624.6M
$103.4M
$103.4M
Cash, cash equivalents and restricted cash, end of the period