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Eos Energy Enterprises Inc Financials

EOSEW
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Eos Energy Enterprises Inc (EOSEW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 50 / 100
Financial Profile 50/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

Eos Energy Enterprises Inc has an operating margin of -227.0%, meaning the company retains $-227 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1122.6% the prior year.

Growth
100

Eos Energy Enterprises Inc's revenue surged 631.8% year-over-year to $114.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Liquidity
99

With a current ratio of 4.94, Eos Energy Enterprises Inc holds $4.94 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 99/100.

Cash Flow
0

While Eos Energy Enterprises Inc generated -$211.2M in operating cash flow, capex of $53.8M consumed most of it, leaving -$265.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral
6/9

Eos Energy Enterprises Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.22x

For every $1 of reported earnings, Eos Energy Enterprises Inc generates $0.22 in operating cash flow (-$211.2M OCF vs -$969.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-9.1x

Eos Energy Enterprises Inc earns $-9.1 in operating income for every $1 of interest expense (-$259.3M vs $28.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$114.2M
YoY+631.8%
5Y CAGR+249.5%

Eos Energy Enterprises Inc generated $114.2M in revenue in fiscal year 2025. This represents an increase of 631.8% from the prior year.

EBITDA
-$245.1M
YoY-46.5%

Eos Energy Enterprises Inc's EBITDA was -$245.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 46.5% from the prior year.

Net Income
-$969.6M
YoY-41.4%

Eos Energy Enterprises Inc reported -$969.6M in net income in fiscal year 2025. This represents a decrease of 41.4% from the prior year.

EPS (Diluted)
$-6.69
YoY-47.0%

Eos Energy Enterprises Inc earned $-6.69 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 47.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$265.0M
YoY-41.6%

Eos Energy Enterprises Inc generated -$265.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 41.6% from the prior year.

Cash & Debt
$568.0M
YoY+664.5%
5Y CAGR+36.1%

Eos Energy Enterprises Inc held $568.0M in cash against $812.9M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
337M
YoY+52.0%
5Y CAGR+47.1%

Eos Energy Enterprises Inc had 337M shares outstanding in fiscal year 2025. This represents an increase of 52.0% from the prior year.

Margins & Returns

Gross Margin
-126.0%
YoY+407.6pp
5Y CAGR+2289.6pp

Eos Energy Enterprises Inc's gross margin was -126.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 407.6 percentage points from the prior year.

Operating Margin
-227.0%
YoY+895.6pp
5Y CAGR+17434.6pp

Eos Energy Enterprises Inc's operating margin was -227.0% in fiscal year 2025, reflecting core business profitability. This is up 895.6 percentage points from the prior year.

Net Margin
-849.1%
YoY+3545.8pp
5Y CAGR+31408.0pp

Eos Energy Enterprises Inc's net profit margin was -849.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3545.8 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$28.5M
YoY+25.4%
5Y CAGR+16.0%

Eos Energy Enterprises Inc invested $28.5M in research and development in fiscal year 2025. This represents an increase of 25.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$53.8M
YoY+62.2%
5Y CAGR+71.7%

Eos Energy Enterprises Inc invested $53.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 62.2% from the prior year.

EOSEW Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $58.0M+90.1% $30.5M+100.3% $15.2M+45.7% $10.5M+44.2% $7.3M+749.3% $854K-4.9% $898K-86.4% $6.6M
Cost of Revenue $112.4M+74.5% $64.4M+39.5% $46.2M+32.0% $35.0M+13.8% $30.8M+19.4% $25.8M+82.5% $14.1M-50.0% $28.2M
Gross Profit -$54.4M-60.4% -$33.9M-9.6% -$31.0M-26.1% -$24.5M-4.4% -$23.5M+5.7% -$24.9M-88.4% -$13.2M+38.9% -$21.6M
R&D Expenses $7.6M+9.4% $6.9M-3.8% $7.2M+5.3% $6.8M+16.3% $5.9M-20.8% $7.4M+74.8% $4.3M-18.3% $5.2M
SG&A Expenses $18.8M-4.8% $19.8M-22.4% $25.5M+21.4% $21.0M+25.6% $16.7M-6.1% $17.8M+57.6% $11.3M-20.7% $14.2M
Operating Income -$81.3M-32.7% -$61.2M+4.1% -$63.8M-20.6% -$52.9M-2.4% -$51.7M+3.0% -$53.3M-83.6% -$29.0M+29.4% -$41.1M
Interest Expense $9.2M+77.3% $5.2M-31.0% $7.5M+10.8% $6.8M+21.0% $5.6M+2.8% $5.4M-36.5% $8.6M-7.6% $9.3M
Income Tax $9K+125.0% $4K-33.3% $6K+20.0% $5K+25.0% $4K+125.0% -$16K-300.0% $8K-68.0% $25K
Net Income -$120.5M+81.2% -$641.4M-187.7% -$222.9M-1572.9% $15.1M+105.6% -$268.1M+21.8% -$342.9M-1117.0% -$28.2M+39.7% -$46.7M
EPS (Diluted) N/A $-4.91-367.6% $-1.05-425.0% $-0.20 N/A $-1.77-608.0% $-0.25-8.7% $-0.23

EOSEW Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $885.2M+169.7% $328.2M-9.1% $361.0M+37.1% $263.3M+1.1% $260.3M+20.1% $216.8M-12.8% $248.8M+59.8% $155.7M
Current Assets $708.5M+275.4% $188.7M-18.7% $232.3M+25.2% $185.5M+3.1% $179.9M+20.6% $149.2M-18.7% $183.5M+110.9% $87.0M
Cash & Equivalents $568.0M+867.1% $58.7M-51.1% $120.2M+45.6% $82.6M+11.1% $74.3M+222.8% $23.0M-56.1% $52.5M+65.1% $31.8M
Inventory $59.0M+24.1% $47.6M+15.6% $41.1M+2.0% $40.3M+22.8% $32.8M+26.7% $25.9M+45.2% $17.8M+23.9% $14.4M
Accounts Receivable $6.8M+40.7% $4.8M+48.2% $3.3M-54.5% $7.1M+135.2% $3.0M-5.0% $3.2M-29.9% $4.6M+15.4% $4.0M
Goodwill $4.3M0.0% $4.3M0.0% $4.3M0.0% $4.3M0.0% $4.3M0.0% $4.3M0.0% $4.3M0.0% $4.3M
Total Liabilities $3.1B+18.0% $2.6B+80.9% $1.5B+21.4% $1.2B-9.4% $1.3B+68.3% $790.6M+97.9% $399.5M+31.7% $303.4M
Current Liabilities $143.5M+38.9% $103.4M-0.9% $104.3M+14.9% $90.7M+39.6% $65.0M-13.5% $75.1M+9.7% $68.5M+5.5% $64.9M
Long-Term Debt $812.9M+81.6% $447.7M+0.8% $444.2M+37.1% $324.0M+2.9% $314.9M+70.3% $184.9M+23.1% $150.2M-25.7% $202.2M
Total Equity -$2.2B+3.5% -$2.3B-110.4% -$1.1B-17.1% -$942.2M+12.0% -$1.1B-86.6% -$573.8M-200.7% -$190.8M-29.2% -$147.7M
Retained Earnings -$2.5B-5.0% -$2.4B-36.2% -$1.8B-14.7% -$1.5B+1.0% -$1.6B-20.7% -$1.3B-36.1% -$950.7M-3.1% -$922.6M

EOSEW Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow -$50.3M+23.7% -$65.9M+0.4% -$66.1M-128.6% -$28.9M+32.2% -$42.7M+4.0% -$44.4M-68.8% -$26.3M+34.9% -$40.5M
Capital Expenditures $25.0M+48.3% $16.8M+139.2% $7.0M+43.2% $4.9M-62.5% $13.1M+34.2% $9.8M+56.2% $6.2M+54.6% $4.0M
Free Cash Flow -$75.2M+9.1% -$82.7M-13.1% -$73.2M-116.2% -$33.8M+39.3% -$55.8M-2.9% -$54.2M-66.4% -$32.6M+26.8% -$44.5M
Investing Cash Flow -$25.0M-40.6% -$17.8M-152.2% -$7.0M-43.2% -$4.9M+62.5% -$13.1M-34.4% -$9.8M-56.0% -$6.3M-54.8% -$4.0M
Financing Cash Flow $573.0M+2002.1% $27.3M-81.2% $144.7M+243.1% $42.2M-67.2% $128.5M+371.5% $27.3M-37.9% $43.9M+618.6% $6.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

EOSEW Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin -93.8%+17.4pp -111.2%+92.0pp -203.2%+31.5pp -234.7%+89.3pp -324.0%+2592.9pp -2916.9%-1444.4pp -1472.5%-1144.8pp -327.6%
Operating Margin -140.1%+60.5pp -200.7%+218.4pp -419.1%+87.1pp -506.2%+206.6pp -712.8%+5531.4pp -6244.3%-3010.7pp -3233.5%-2610.4pp -623.2%
Net Margin -207.7%+1894.4pp -2102.1%-638.9pp -1463.2%-1608.0pp 144.8%+3841.5pp -3696.7%+36451.5pp -40148.2%-37011.1pp -3137.2%-2429.6pp -707.6%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets -13.6%+181.8pp -195.4%-133.7pp -61.8%-67.5pp 5.8%+108.8pp -103.0%+55.1pp -158.1%-146.8pp -11.3%+18.7pp -30.0%
Current Ratio 4.94+3.1 1.83-0.4 2.23+0.2 2.05-0.7 2.77+0.8 1.99-0.7 2.68+1.3 1.34
Debt-to-Equity -0.36-0.2 -0.19+0.2 -0.40-0.1 -0.34-0.0 -0.29+0.0 -0.32+0.5 -0.79+0.6 -1.37
FCF Margin -129.7%+141.4pp -271.1%+209.1pp -480.2%-156.6pp -323.6%+445.5pp -769.1%+5578.4pp -6347.5%-2719.3pp -3628.3%-2953.9pp -674.4%

Note: Shareholder equity is negative (-$2.2B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Frequently Asked Questions

Eos Energy Enterprises Inc (EOSEW) reported $114.2M in total revenue for fiscal year 2025. This represents a 631.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Eos Energy Enterprises Inc (EOSEW) revenue grew by 631.8% year-over-year, from $15.6M to $114.2M in fiscal year 2025.

No, Eos Energy Enterprises Inc (EOSEW) reported a net income of -$969.6M in fiscal year 2025, with a net profit margin of -849.1%.

Eos Energy Enterprises Inc (EOSEW) reported diluted earnings per share of $-6.69 for fiscal year 2025. This represents a -47.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Eos Energy Enterprises Inc (EOSEW) had EBITDA of -$245.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Eos Energy Enterprises Inc (EOSEW) had $568.0M in cash and equivalents against $812.9M in long-term debt.

Eos Energy Enterprises Inc (EOSEW) had a gross margin of -126.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Eos Energy Enterprises Inc (EOSEW) had an operating margin of -227.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Eos Energy Enterprises Inc (EOSEW) had a net profit margin of -849.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Eos Energy Enterprises Inc (EOSEW) generated -$265.0M in free cash flow during fiscal year 2025. This represents a -41.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Eos Energy Enterprises Inc (EOSEW) generated -$211.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Eos Energy Enterprises Inc (EOSEW) had $885.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Eos Energy Enterprises Inc (EOSEW) invested $53.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Eos Energy Enterprises Inc (EOSEW) invested $28.5M in research and development during fiscal year 2025.

Eos Energy Enterprises Inc (EOSEW) had 337M shares outstanding as of fiscal year 2025.

Eos Energy Enterprises Inc (EOSEW) had a current ratio of 4.94 as of fiscal year 2025, which is generally considered healthy.

Eos Energy Enterprises Inc (EOSEW) had a debt-to-equity ratio of -0.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Eos Energy Enterprises Inc (EOSEW) had a return on assets of -109.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Eos Energy Enterprises Inc (EOSEW) had $568.0M in cash against an annual operating cash burn of $211.2M. This gives an estimated cash runway of approximately 32 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Eos Energy Enterprises Inc (EOSEW) has negative shareholder equity of -$2.2B as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Eos Energy Enterprises Inc (EOSEW) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Eos Energy Enterprises Inc (EOSEW) has an earnings quality ratio of 0.22x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Eos Energy Enterprises Inc (EOSEW) has an interest coverage ratio of -9.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Eos Energy Enterprises Inc (EOSEW) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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