Eos Energy Enterprises (EOSE) Financials

$6.56 +0.10 (+1.55%)

Closing price 08/7/2025 04:00 PM Eastern

Extended Trading

$6.68 +0.13 (+1.91%)

As of 07:02 AM Eastern

Annual Income Statements for Eos Energy Enterprises

This table shows Eos Energy Enterprises' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-79	-71	-124	-230	-230	-964
Consolidated Net Income / (Loss)	-79	-71	-124	-230	-230	-686
Net Income / (Loss) Continuing Operations	-79	-71	-124	-230	-230	-686
Total Pre-Tax Income	-83	-71	-124	-230	-229	-686
Total Operating Income	-27	-39	-135	-221	-153	-175
Total Gross Profit	-7.84	-5.29	-42	-135	-73	-83
Total Revenue	0.50	0.22	4.60	18	16	16
Operating Revenue	0.50	0.22	4.60	18	16	16
Total Cost of Revenue	8.33	5.51	46	153	90	99
Operating Cost of Revenue	8.33	5.51	46	153	90	99
Total Operating Expenses	19	33	93	86	80	92
Selling, General & Admin Expense	6.59	18	43	61	54	60
Research & Development Expense	12	14	19	18	19	23
Impairment Charge	-	-	0.05	6.85	7.16	9.13
Total Other Income / (Expense), net	-57	-32	11	-8.50	-77	-511
Interest Expense	56	24	3.32	0.94	3.51	-68
Interest & Investment Income	0.00	-0.12	-7.64	-19	-56	-28
Other Income / (Expense), net	-0.72	-8.27	21	11	-17	-551
Income Tax Expense	-4.06	0.00	0.00	0.05	0.03	0.02
Preferred Stock Dividends Declared	-	-	-	-	-	278
Basic Earnings per Share	($20.22)	($7.51)	($2.36)	($3.68)	($1.81)	($4.55)
Weighted Average Basic Shares Outstanding	3.93M	9.41M	52.66M	62.44M	126.97M	212.04M
Diluted Earnings per Share	($20.22)	($7.51)	($2.36)	($3.68)	($1.81)	($4.55)
Weighted Average Diluted Shares Outstanding	3.93M	9.41M	52.66M	62.44M	126.97M	212.04M
Weighted Average Basic & Diluted Shares Outstanding	-	51.80M	53.96M	84.89M	202.65M	226.60M

This table shows Eos Energy Enterprises' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-57	-72	-132	15	-41	-47	-52	-384	-482	95	-249
Consolidated Net Income / (Loss)	-57	-72	-132	15	-41	-47	-28	-343	-268	15	-223
Net Income / (Loss) Continuing Operations	-57	-72	-132	15	-41	-47	-28	-343	-268	15	-223
Total Pre-Tax Income	-57	-72	-132	15	-41	-47	-28	-343	-268	15	-223
Total Operating Income	-49	-38	-35	-38	-42	-41	-29	-53	-52	-53	-64
Total Gross Profit	-28	-18	-11	-21	-24	-22	-13	-25	-24	-25	-31
Total Revenue	2.67	8.84	0.25	0.68	6.61	6.60	0.90	0.85	7.25	10	15
Operating Revenue	2.67	8.84	0.25	0.68	6.61	6.60	0.90	0.85	7.25	10	15
Total Cost of Revenue	31	27	11	21	30	28	14	26	31	35	46
Operating Cost of Revenue	31	27	11	21	30	28	14	26	31	35	46
Total Operating Expenses	20	20	24	17	18	20	16	28	28	28	33
Selling, General & Admin Expense	13	14	13	13	13	14	11	18	17	21	25
Research & Development Expense	3.58	5.45	5.03	3.23	5.01	5.20	4.25	7.43	5.88	6.84	7.20
Impairment Charge	4.35	0.76	5.44	0.96	0.01	0.07	0.27	3.19	5.61	0.56	0.21
Total Other Income / (Expense), net	-8.00	-33	-97	53	1.04	-5.55	0.87	-290	-216	68	-159
Interest Expense	-	1.63	1.88	0.00	-	-	-68	0.00	-	-	49
Interest & Investment Income	-7.63	-19	-20	-9.44	-8.57	-9.12	-8.43	-5.42	-5.25	-5.95	-6.64
Other Income / (Expense), net	-0.37	-13	-76	62	9.60	3.57	-59	-284	-211	74	-103
Income Tax Expense	0.01	0.01	0.00	0.01	0.01	0.03	0.01	-0.02	0.00	0.01	0.01
Preferred Stock Dividends Declared	-	-	-	-	-	-	24	41	-	-80	26
Basic Earnings per Share	($0.70)	($0.82)	($1.12)	$0.11	$0.02	($0.23)	($0.25)	($1.77)	($2.30)	$0.42	($1.05)
Weighted Average Basic Shares Outstanding	62.44M	86.80M	117.32M	138.01M	126.97M	201.31M	211.14M	216.90M	212.04M	225.47M	237.74M
Diluted Earnings per Share	($0.70)	($0.82)	($1.12)	($0.05)	$0.18	($0.23)	($0.25)	($1.77)	($2.30)	($0.20)	($1.05)
Weighted Average Diluted Shares Outstanding	62.44M	86.80M	117.32M	156.33M	126.97M	201.31M	211.14M	216.90M	212.04M	436.37M	237.74M
Weighted Average Basic & Diluted Shares Outstanding	84.89M	115.85M	133.99M	158.06M	202.65M	208.13M	216.71M	217.91M	226.60M	227.59M	259.85M

This table details how cash moves in and out of Eos Energy Enterprises' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-4.64	121	-16	-74	53	19
Net Cash From Operating Activities	-24	-27	-116	-197	-145	-154
Net Cash From Continuing Operating Activities	-24	-27	-116	-197	-145	-154
Net Income / (Loss) Continuing Operations	-79	-71	-124	-230	-230	-686
Consolidated Net Income / (Loss)	-79	-71	-124	-230	-230	-686
Depreciation Expense	2.12	1.56	2.61	6.81	9.75	7.90
Amortization Expense	0.00	0.00	3.87	0.87	1.02	1.23
Non-Cash Adjustments To Reconcile Net Income	58	37	4.49	23	80	555
Changes in Operating Assets and Liabilities, net	-4.86	5.57	-2.91	1.97	-6.74	-33
Net Cash From Investing Activities	-2.90	-6.63	-23	-17	-29	-33
Net Cash From Continuing Investing Activities	-2.90	-6.63	-23	-17	-29	-33
Purchase of Property, Plant & Equipment	-2.30	-3.61	-16	-20	-29	-33
Acquisitions	-0.60	-3.02	-4.16	0.00	-0.14	-0.03
Net Cash From Financing Activities	22	154	123	140	228	206
Net Cash From Continuing Financing Activities	22	154	123	140	228	206
Repayment of Debt	-1.07	-0.11	-4.49	-15	-7.03	-41
Repurchase of Common Equity	-	-	-	0.00	-5.00	0.00
Issuance of Debt	19	9.20	107	112	48	160
Issuance of Common Equity	-	-	0.00	44	192	14
Other Financing Activities, net	1.79	133	21	-0.99	-0.27	73
Cash Interest Paid	0.01	0.12	0.16	5.77	15	4.40

This table details how cash moves in and out of Eos Energy Enterprises' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-20	-0.92	7.85	35	12	-38	11	-27	73	8.32	71
Net Cash From Operating Activities	-38	-30	-45	-32	-37	-40	-26	-44	-43	-29	-66
Net Cash From Continuing Operating Activities	-38	-30	-45	-32	-37	-40	-26	-44	-43	-29	-66
Net Income / (Loss) Continuing Operations	-57	-72	-132	15	-41	-47	-28	-343	-268	15	-223
Consolidated Net Income / (Loss)	-57	-72	-132	15	-41	-47	-28	-343	-268	15	-223
Depreciation Expense	2.97	2.69	2.47	2.17	2.44	1.20	1.37	2.69	2.64	2.68	2.94
Amortization Expense	0.23	0.23	0.25	0.26	0.29	0.30	0.31	0.37	0.26	0.37	0.43
Non-Cash Adjustments To Reconcile Net Income	13	30	104	-53	-0.01	0.46	3.37	295	257	-68	156
Changes in Operating Assets and Liabilities, net	2.30	7.88	-20	4.06	1.06	4.28	-3.21	0.47	-34	20	-2.43
Net Cash From Investing Activities	1.87	-2.90	-7.20	-11	-8.28	-4.04	-6.26	-9.76	-13	-4.92	-7.04
Net Cash From Continuing Investing Activities	1.87	-2.90	-7.20	-11	-8.28	-4.04	-6.26	-9.76	-13	-4.92	-7.04
Purchase of Property, Plant & Equipment	-1.29	-2.90	-7.20	-11	-8.14	-4.04	-6.25	-9.76	-13	-4.92	-7.04
Net Cash From Financing Activities	16	32	60	78	57	6.11	44	27	129	42	145
Net Cash From Continuing Financing Activities	16	32	60	78	57	6.11	44	27	129	42	145
Repayment of Debt	-0.70	-1.79	-0.70	-2.66	-1.87	-0.79	-33	11	-19	-3.16	-177
Issuance of Debt	7.29	33	15	-	-	0.00	70	29	62	38	240
Issuance of Common Equity	9.49	1.25	48	82	61	7.21	6.88	-	-	0.00	81
Other Financing Activities, net	-0.06	-0.35	0.24	-0.13	-0.03	-0.31	-0.05	-0.39	74	6.85	0.79
Cash Interest Paid	3.28	3.69	3.74	3.84	3.86	0.24	3.89	0.15	0.12	0.07	0.05

This table presents Eos Energy Enterprises' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	13	138	169	107	186	260
Total Current Assets	5.98	127	143	55	122	180
Cash & Equivalents	0.86	122	105	17	69	74
Restricted Cash	-	0.00	0.86	2.73	3.44	14
Accounts Receivable	-	0.00	1.92	1.67	11	3.04
Inventories, net	0.00	0.21	13	23	17	33
Prepaid Expenses	0.48	2.27	2.60	2.29	1.08	0.94
Other Current Assets	4.64	3.03	19	7.87	20	55
Plant, Property, & Equipment, net	5.32	5.65	13	27	38	0.00
Total Noncurrent Assets	1.76	5.24	14	24	26	80
Goodwill	-	0.00	4.33	4.33	4.33	4.33
Intangible Assets	0.36	0.32	0.28	0.24	0.30	0.24
Other Noncurrent Operating Assets	0.81	1.09	5.56	20	22	76
Total Liabilities & Shareholders' Equity	13	138	169	107	186	260
Total Liabilities	87	17	137	239	297	842
Total Current Liabilities	87	14	30	61	61	65
Short-Term Debt	77	0.92	6.57	5.56	3.33	2.01
Accounts Payable	8.18	5.90	14	35	21	17
Accrued Expenses	-	5.09	7.67	15	32	22
Other Current Liabilities	1.98	1.67	1.09	1.14	1.60	24
Total Noncurrent Liabilities	0.68	3.89	107	179	236	777
Long-Term Debt	0.00	0.43	103	170	201	315
Other Noncurrent Operating Liabilities	-	3.47	4.17	7.70	32	462
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	109	-	-	-	0.00	489
Total Equity & Noncontrolling Interests	-184	121	32	-133	-111	-1,070
Total Preferred & Common Equity	-184	121	32	-133	-111	-1,070
Total Common Equity	-184	121	32	-133	-111	-1,070
Common Stock	20	395	449	514	765	535
Retained Earnings	-204	-292	-417	-646	-876	-1,562
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.01	0.00	-43

This table presents Eos Energy Enterprises' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	98	138	100	109	154	156	249	217	263	361
Total Current Assets	60	82	50	64	108	87	184	149	186	232
Cash & Equivalents	16	38	16	23	58	32	52	23	83	120
Restricted Cash	1.26	1.89	2.73	3.36	3.44	2.63	2.63	2.63	14	32
Accounts Receivable	2.60	2.40	3.66	1.52	1.58	11	12	11	7.15	3.25
Inventories, net	13	23	14	17	21	14	18	26	40	41
Prepaid Expenses	1.77	0.92	1.88	1.35	0.82	1.28	1.29	1.07	1.28	2.01
Other Current Assets	26	15	12	18	24	25	97	86	40	34
Plant, Property, & Equipment, net	21	30	25	20	20	43	0.00	52	44	0.00
Total Noncurrent Assets	16	27	25	25	25	26	65	16	34	129
Goodwill	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33
Intangible Assets	0.26	0.25	0.35	0.33	0.31	0.28	0.26	0.24	0.22	0.19
Other Noncurrent Operating Assets	7.96	19	20	20	20	21	61	12	29	124
Total Liabilities & Shareholders' Equity	98	138	100	109	154	156	249	217	263	361
Total Liabilities	156	227	275	338	282	303	399	635	695	932
Total Current Liabilities	60	56	66	43	47	65	68	75	91	104
Short-Term Debt	1.77	2.82	11	3.09	3.21	3.46	3.04	2.54	1.47	1.07
Accounts Payable	29	35	33	15	14	18	24	24	25	40
Accrued Expenses	15	16	20	21	25	39	35	38	22	24
Other Current Liabilities	14	1.10	1.18	1.28	1.39	1.68	6.59	1.76	3.60	40
Total Noncurrent Liabilities	96	171	210	295	236	238	331	559	604	827
Long-Term Debt	81	162	201	230	207	205	150	188	327	444
Other Noncurrent Operating Liabilities	15	7.74	7.70	65	28	29	181	368	273	383
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	40	156	511	532
Total Equity & Noncontrolling Interests	-58	-88	-176	-230	-128	-148	-191	-574	-942	-1,103
Total Preferred & Common Equity	-58	-88	-176	-230	-128	-148	-191	-574	-942	-1,103
Total Common Equity	-58	-88	-176	-230	-128	-148	-191	-574	-942	-1,103
Common Stock	461	501	542	620	706	775	760	724	648	721
Retained Earnings	-519	-590	-718	-850	-835	-923	-951	-1,294	-1,547	-1,774
Accumulated Other Comprehensive Income / (Loss)	0.01	0.00	0.01	0.01	0.00	0.00	0.00	-4.64	-43	-50

This table displays calculated financial ratios and metrics derived from Eos Energy Enterprises' official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-55.85%	3,999.09%	289.82%	-8.63%	-4.71%
EBITDA Growth	0.00%	-78.53%	-605.61%	36.83%	21.44%	-351.06%
EBIT Growth	0.00%	-70.43%	-1,147.29%	7.28%	19.18%	-327.81%
NOPAT Growth	0.00%	-44.15%	-993.25%	-64.23%	30.88%	-14.56%
Net Income Growth	0.00%	11.12%	-151.67%	-85.01%	0.13%	-198.85%
EPS Growth	0.00%	62.86%	205.73%	-55.93%	50.82%	-151.38%
Operating Cash Flow Growth	0.00%	-11.43%	-337.32%	-69.49%	26.33%	-6.15%
Free Cash Flow Firm Growth	0.00%	0.00%	-648.20%	38.68%	0.62%	340.76%
Invested Capital Growth	0.00%	-542.13%	1,141.67%	-68.48%	-12.62%	-1,853.28%
Revenue Q/Q Growth	0.00%	0.00%	174.02%	-2.39%	31.72%	4.30%
EBITDA Q/Q Growth	0.00%	0.00%	-622.01%	63.32%	9.08%	-47.25%
EBIT Q/Q Growth	0.00%	0.00%	-107.50%	63.22%	8.78%	-46.43%
NOPAT Q/Q Growth	0.00%	0.00%	-19.92%	-5.24%	4.00%	-5.71%
Net Income Q/Q Growth	0.00%	0.00%	-4.46%	-12.77%	6.29%	-49.44%
EPS Q/Q Growth	0.00%	0.00%	-205.83%	-3.95%	32.71%	-119.81%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-20.06%	-1.12%	0.20%	-3.53%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	68.43%	-77.00%	59.69%
Invested Capital Q/Q Growth	0.00%	0.00%	109.98%	-68.38%	-0.41%	-39.73%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	-1,579.84%	-2,415.53%	-1,821.88%	-2,265.16%	-448.28%	-533.52%
EBITDA Margin	-5,126.01%	-20,726.48%	-4,643.80%	-1,128.81%	-970.54%	-4,594.25%
Operating Margin	-5,409.68%	-17,661.64%	-2,930.06%	-2,468.85%	-933.80%	-1,122.64%
EBIT Margin	-5,554.03%	-21,437.90%	-7,388.95%	-2,343.31%	-1,036.32%	-4,652.76%
Profit (Net Income) Margin	-16,024.80%	-32,257.08%	-10,806.09%	-2,564.30%	-1,401.31%	-4,394.91%
Tax Burden Percent	95.34%	99.82%	400.00%	200.04%	100.01%	100.00%
Interest Burden Percent	302.62%	150.74%	438.74%	328.22%	135.20%	94.46%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2,404.92%	0.00%	-1,087.51%	-322.02%	-495.59%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-2,485.70%	0.00%	-1,039.88%	-413.39%	-581.01%	0.00%
Return on Net Nonoperating Assets (RNNOA)	2,511.81%	0.00%	1,253.81%	1,513.57%	684.09%	0.00%
Return on Equity (ROE)	106.89%	-304.31%	-486.38%	354.21%	188.50%	198.07%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-475.13%	-217.89%	-482.13%	0.00%
Operating Return on Assets (OROA)	-210.98%	-62.05%	-221.02%	-304.40%	-115.75%	-325.02%
Return on Assets (ROA)	-608.74%	-93.37%	-242.42%	-333.11%	-156.51%	-307.01%
Return on Common Equity (ROCE)	264.11%	412.52%	-162.13%	354.21%	188.50%	337.83%
Return on Equity Simple (ROE_SIMPLE)	43.26%	-58.49%	-765.65%	173.17%	207.14%	64.07%
Net Operating Profit after Tax (NOPAT)	-19	-27	-94	-155	-107	-123
NOPAT Margin	-3,786.77%	-12,363.15%	-2,051.04%	-864.10%	-653.66%	-785.85%
Net Nonoperating Expense Percent (NNEP)	80.79%	-177.47%	1,217.25%	182.75%	85.42%	313.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-115.04%	16.27%
Cost of Revenue to Revenue	1,679.84%	2,515.53%	3,032.82%	2,565.16%	548.28%	633.52%
SG&A Expenses to Revenue	1,328.43%	8,046.12%	2,805.44%	676.45%	327.57%	384.77%
R&D to Revenue	2,369.96%	6,206.85%	1,666.29%	309.12%	114.23%	145.83%
Operating Expenses to Revenue	3,829.84%	15,246.12%	4,038.23%	1,438.11%	485.51%	589.12%
Earnings before Interest and Taxes (EBIT)	-28	-47	-226	-210	-170	-726
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-25	-45	-320	-202	-159	-717
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.89	12.45	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	3.90	14.51	0.00	0.00	0.00
Price to Revenue (P/Rev)	352.82	2,143.47	87.82	6.12	10.52	67.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	460.31	0.00	33.54	11.52	15.05	0.00
Enterprise Value to Revenue (EV/Rev)	724.80	1,576.18	175.49	14.82	18.51	113.82
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	7.08
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	-1.03	0.01	10.10	-2.65	-1.84	-0.54
Long-Term Debt to Equity	0.00	0.00	9.49	-1.28	-1.81	-0.54
Financial Leverage	-1.01	-1.06	-0.64	-1.64	-1.18	-0.52
Leverage Ratio	-0.18	3.26	12.43	-4.36	-1.20	-0.65
Compound Leverage Factor	-0.53	4.91	13.64	-3.89	-1.63	-0.61
Debt to Total Capital	3,431.41%	1.11%	308.38%	815.54%	219.06%	-119.64%
Short-Term Debt to Total Capital	3,430.65%	0.76%	9.28%	12.89%	3.58%	-0.76%
Long-Term Debt to Total Capital	0.76%	0.35%	144.92%	789.75%	215.48%	-118.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4,899.87%	0.00%	0.00%	0.00%	0.00%	-184.50%
Common Equity to Total Capital	-8,231.27%	98.89%	68.71%	-615.54%	-119.07%	404.15%
Debt to EBITDA	-3.01	-0.03	-1.02	-0.87	-1.28	-0.44
Net Debt to EBITDA	-2.96	2.74	-0.06	-2.26	-0.82	-0.32
Long-Term Debt to EBITDA	0.00	-0.01	-2.77	-1.65	-1.26	-0.44
Debt to NOPAT	-4.08	-0.05	-3.47	-3.41	-1.90	-2.58
Net Debt to NOPAT	-4.00	4.59	-0.07	-1.01	-1.22	-1.86
Long-Term Debt to NOPAT	0.00	-0.02	-4.35	-2.20	-1.87	-2.57
Altman Z-Score	-35.03	13.02	-9.24	-43.83	-8.75	-16.26
Noncontrolling Interest Sharing Ratio	-147.08%	235.56%	0.00%	0.00%	0.00%	-70.56%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.07	9.38	9.53	0.91	2.01	2.77
Quick Ratio	0.01	8.97	10.71	0.31	1.32	1.19
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-23	-171	-105	-104	251
Operating Cash Flow to CapEx	-1,036.71%	-736.73%	-745.06%	-980.75%	-494.55%	-464.33%
Free Cash Flow to Firm to Interest Expense	0.00	-0.96	-203.62	-111.25	-29.67	0.00
Operating Cash Flow to Interest Expense	-0.43	-1.12	-34.94	-208.98	-41.32	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.47	-1.27	-39.63	-230.29	-49.67	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.04	0.00	0.08	0.13	0.11	0.07
Accounts Receivable Turnover	0.00	0.00	0.00	10.01	2.61	2.24
Inventory Turnover	0.00	0.00	7.05	8.46	4.45	3.96
Fixed Asset Turnover	0.09	0.04	0.50	0.89	0.50	0.37
Accounts Payable Turnover	1.02	0.78	4.74	6.33	3.25	5.31
Days Sales Outstanding (DSO)	0.00	0.00	0.00	109.41	139.88	162.84
Days Inventory Outstanding (DIO)	0.00	0.00	103.57	43.15	81.96	92.10
Days Payable Outstanding (DPO)	358.39	466.30	308.22	172.90	112.20	68.78
Cash Conversion Cycle (CCC)	-358.39	-466.30	-25.27	45.40	109.64	186.16
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.78	-3.45	73	23	20	-353
Invested Capital Turnover	0.64	-0.16	0.57	0.37	0.76	-0.09
Increase / (Decrease) in Invested Capital	0.00	-4.23	77	-50	-2.91	-373
Enterprise Value (EV)	360	345	407	266	303	1,776
Market Capitalization	175	469	404	110	172	1,059
Book Value per Share	($46.74)	$5.36	$0.60	($1.79)	($0.70)	($4.91)
Tangible Book Value per Share	($46.84)	$5.35	$1.04	($1.85)	($0.73)	($4.93)
Total Capital	2.23	122	283	43	93	-265
Total Debt	77	1.35	328	176	204	317
Total Long-Term Debt	0.02	0.43	103	170	201	315
Net Debt	75	-124	7.04	156	131	229
Capital Expenditures (CapEx)	2.30	3.61	16	20	29	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.04	-7.15	41	-20	-8.12	29
Debt-free Net Working Capital (DFNWC)	-4.18	115	238	0.13	65	117
Net Working Capital (NWC)	-81	114	225	-5.43	61	115
Net Nonoperating Expense (NNE)	61	44	60	75	122	563
Net Nonoperating Obligations (NNO)	75	-124	8.24	156	131	229
Total Depreciation and Amortization (D&A)	2.12	1.56	13	7.68	11	9.13
Debt-free, Cash-free Net Working Capital to Revenue	-1,016.13%	-3,263.47%	1,177.29%	-219.48%	-49.57%	183.19%
Debt-free Net Working Capital to Revenue	-842.34%	52,377.17%	10,371.90%	1.46%	395.61%	749.40%
Net Working Capital to Revenue	-16,280.24%	51,955.25%	7,350.26%	-60.58%	375.27%	736.49%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($7.31)	($2.36)	($3.68)	($1.81)	($4.55)
Adjusted Weighted Average Basic Shares Outstanding	0.00	9.41M	52.66M	62.44M	126.97M	212.04M
Adjusted Diluted Earnings per Share	$0.00	($7.31)	($2.36)	($3.68)	($1.81)	($4.55)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	9.41M	52.66M	62.44M	126.97M	212.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	51.80M	53.96M	84.89M	202.65M	226.60M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-26	-73	-150	-102	-116
Normalized NOPAT Margin	-3,628.57%	-11,959.77%	-4,763.87%	-1,674.72%	-623.06%	-744.88%
Pre Tax Income Margin	-16,807.46%	-32,315.07%	-10,806.09%	-2,563.74%	-1,401.12%	-4,394.78%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-0.49	-1.98	-136.28	-240.67	-48.36	0.00
NOPAT to Interest Expense	-0.34	-1.14	-113.49	-177.50	-30.50	0.00
EBIT Less CapEx to Interest Expense	-0.53	-2.13	-140.97	-261.98	-56.71	0.00
NOPAT Less CapEx to Interest Expense	-0.38	-1.29	-118.18	-211.89	-38.85	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-2.18%	0.00%

This table displays calculated financial ratios and metrics derived from Eos Energy Enterprises' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.11%	167.89%	-95.78%	-88.72%	147.94%	-25.29%	260.64%	24.85%	9.73%	58.42%	1,596.66%
EBITDA Growth	-67.42%	-29.99%	-2.72%	128.76%	34.66%	25.56%	19.42%	-723.67%	-769.01%	166.92%	-89.36%
EBIT Growth	-67.11%	-37.17%	-2.40%	125.43%	33.37%	26.88%	19.88%	-791.85%	-705.44%	156.13%	-89.57%
NOPAT Growth	-29.28%	51.98%	69.85%	15.04%	13.11%	-7.50%	16.07%	1.26%	-22.40%	-83.77%	-119.88%
Net Income Growth	-85.05%	-112.73%	-132.20%	121.11%	27.21%	34.77%	78.60%	-2,396.18%	-550.66%	132.41%	-691.34%
EPS Growth	-25.00%	3.53%	-10.89%	95.54%	125.71%	71.95%	77.68%	-3,440.00%	-1,377.78%	13.04%	-320.00%
Operating Cash Flow Growth	-6.15%	28.68%	-1.91%	55.65%	0.76%	-32.80%	41.62%	-38.91%	-14.01%	28.54%	-151.10%
Free Cash Flow Firm Growth	115.60%	80.01%	105.78%	111.75%	-266.03%	-160.05%	-39.03%	1,484.89%	1,364.89%	561.52%	1,986.34%
Invested Capital Growth	-68.48%	-82.12%	-258.39%	-72.25%	-12.62%	48.99%	-123.09%	-1,349.63%	-1,853.28%	-854.22%	-428.53%
Revenue Q/Q Growth	-56.04%	231.40%	-291.55%	349.40%	866.37%	-0.14%	-86.40%	-4.90%	749.30%	44.17%	45.70%
EBITDA Q/Q Growth	75.44%	-5.83%	-243.30%	449.78%	-155.79%	-20.57%	-139.91%	-286.44%	22.26%	109.29%	-778.83%
EBIT Q/Q Growth	74.47%	-4.88%	-114.33%	288.60%	-166.91%	-15.10%	-134.83%	-282.54%	22.10%	108.02%	-893.08%
NOPAT Q/Q Growth	23.53%	21.28%	28.76%	-168.30%	21.79%	2.61%	29.41%	-83.65%	3.05%	-46.21%	15.54%
Net Income Q/Q Growth	19.95%	-26.47%	-167.68%	222.69%	-375.97%	-13.35%	39.68%	-1,117.05%	21.80%	105.65%	-1,572.89%
EPS Q/Q Growth	37.50%	-17.14%	-109.76%	95.54%	460.00%	-227.78%	-8.70%	-608.00%	-29.94%	91.30%	-425.00%
Operating Cash Flow Q/Q Growth	47.70%	19.22%	-143.97%	87.19%	-17.01%	-8.10%	34.94%	-68.78%	3.96%	32.24%	-128.61%
Free Cash Flow Firm Q/Q Growth	112.68%	-189.80%	198.30%	4.93%	-279.25%	-40.64%	123.05%	2,627.69%	43.06%	-48.68%	4.19%
Invested Capital Q/Q Growth	-68.38%	-23.00%	-697.67%	371.93%	-0.41%	31.29%	-298.48%	-381.53%	-39.73%	43.52%	-39.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-1,054.99%	-204.92%	-13,249.40%	-9,025.44%	-359.15%	-327.65%	-1,472.49%	-2,916.86%	-324.00%	-234.67%	-203.16%
EBITDA Margin	-1,717.29%	-1,096.84%	-86,261.04%	7,838.89%	-452.59%	-546.43%	-9,636.30%	-39,157.03%	-3,584.35%	230.84%	-1,075.49%
Operating Margin	-1,823.29%	-1,299.32%	-41,683.13%	-11,063.45%	-639.00%	-623.16%	-3,233.52%	-6,244.26%	-712.82%	-506.19%	-419.05%
EBIT Margin	-1,837.21%	-581.46%	-44,220.08%	7,130.99%	-493.75%	-569.08%	-9,823.50%	-39,514.99%	-3,624.32%	201.64%	-1,097.59%
Profit (Net Income) Margin	-2,123.52%	-2,431.24%	-105,726.91%	4,366.08%	-623.42%	-707.59%	-3,137.19%	-40,148.24%	-3,696.73%	144.75%	-1,463.23%
Tax Burden Percent	0.00%	200.03%	300.00%	199.83%	100.01%	100.05%	100.03%	100.00%	100.00%	99.97%	100.00%
Interest Burden Percent	115.57%	418.07%	119.54%	183.84%	126.24%	124.27%	31.93%	101.61%	102.00%	71.81%	133.31%
Effective Tax Rate	0.00%	0.00%	0.00%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%
Return on Invested Capital (ROIC)	-475.63%	-594.29%	0.00%	-1,475.73%	-339.14%	-279.15%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-503.99%	-671.00%	0.00%	-1,455.56%	-347.26%	-288.90%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	800.69%	843.88%	0.00%	3,513.01%	408.87%	328.41%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	325.06%	374.38%	460.12%	6,111.86%	69.73%	49.25%	53.21%	168.11%	198.07%	215.56%	227.00%
Cash Return on Invested Capital (CROIC)	-217.89%	-556.07%	0.00%	-126.35%	-482.13%	-532.82%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-238.66%	-240.82%	-7,622.82%	303.07%	-55.15%	-63.03%	-812.46%	-3,188.10%	-253.18%	18.73%	-121.68%
Return on Assets (ROA)	-275.85%	-335.65%	-9,112.80%	185.56%	-69.63%	-78.37%	-259.46%	-3,239.19%	-258.24%	13.45%	-162.22%
Return on Common Equity (ROCE)	325.06%	124.79%	460.12%	4,074.58%	69.73%	49.25%	58.82%	216.16%	337.83%	405.78%	407.11%
Return on Equity Simple (ROE_SIMPLE)	0.00%	291.15%	144.01%	190.84%	0.00%	138.56%	53.01%	79.99%	0.00%	66.23%	0.00%
Net Operating Profit after Tax (NOPAT)	-34	-27	-24	-38	-30	-29	-20	-37	-36	-53	-45
NOPAT Margin	-1,276.31%	-606.35%	-19,452.13%	-5,526.91%	-447.30%	-436.21%	-2,263.46%	-4,370.98%	-498.98%	-506.02%	-293.34%
Net Nonoperating Expense Percent (NNEP)	85.03%	115.06%	160.40%	-40.34%	8.12%	9.75%	5.16%	132.27%	129.04%	-33.53%	91.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-31.77%	-	-	-	4.80%	8.63%	6.80%
Cost of Revenue to Revenue	1,154.99%	304.92%	13,549.40%	6,216.96%	459.15%	427.65%	1,572.49%	3,016.86%	424.00%	334.67%	303.16%
SG&A Expenses to Revenue	471.79%	473.85%	10,552.61%	5,735.09%	203.95%	215.76%	1,257.57%	2,083.84%	230.47%	200.77%	167.29%
R&D to Revenue	134.28%	61.63%	6,055.42%	943.86%	75.78%	78.78%	473.27%	869.79%	81.07%	65.38%	47.26%
Operating Expenses to Revenue	768.30%	684.55%	18,955.82%	5,046.49%	279.85%	295.52%	1,761.02%	3,327.40%	388.82%	271.52%	215.90%
Earnings before Interest and Taxes (EBIT)	-49	-51	-110	49	-33	-38	-88	-337	-263	21	-167
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-46	-48	-107	54	-30	-36	-87	-334	-260	24	-164
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.12	17.63	28.22	23.17	10.52	14.76	17.87	43.01	67.86	44.01	34.48
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	11.52	45.07	0.00	21.58	15.05	14.47	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	28.68	34.11	39.79	35.12	18.51	27.07	27.22	64.46	113.82	82.19	58.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.14	7.08	16.83	28.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.65	-2.40	-2.03	-4.87	-1.84	-1.41	-1.02	-0.46	-0.54	-0.76	-0.78
Long-Term Debt to Equity	-1.28	-3.41	-3.00	-1.61	-1.81	-1.39	-1.00	-0.45	-0.54	-0.76	-0.78
Financial Leverage	-2.76	-2.52	-2.12	-3.78	-1.18	-1.14	-0.80	-0.85	-0.52	-0.70	-0.54
Leverage Ratio	-3.56	-3.66	-1.44	-2.70	-1.20	-0.79	-0.94	-0.68	-0.65	-0.72	-0.85
Compound Leverage Factor	0.00	-5.10	-2.58	-2.48	-1.52	-0.98	-0.30	-0.69	-0.66	-0.52	-1.13
Debt to Total Capital	815.54%	1,193.33%	7,569.61%	782.36%	219.06%	342.69%	5,943.43%	-83.87%	-119.64%	-320.94%	-355.03%
Short-Term Debt to Total Capital	25.79%	30.65%	201.30%	12.07%	3.58%	5.68%	117.91%	-1.12%	-0.76%	-1.44%	-0.86%
Long-Term Debt to Total Capital	789.75%	1,129.85%	14,937.91%	253.26%	215.48%	337.00%	5,825.51%	-82.76%	-118.88%	-319.50%	-354.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,555.53%	-68.70%	-184.50%	-498.61%	-424.39%
Common Equity to Total Capital	-923.31%	-959.42%	-7,469.61%	-314.39%	-119.07%	-242.69%	-7,398.95%	252.58%	404.15%	919.55%	879.41%
Debt to EBITDA	-1.71	-1.02	-0.88	-1.20	-1.28	-1.42	-1.22	-0.39	-0.44	-0.50	-0.61
Net Debt to EBITDA	-2.26	-2.68	-0.78	-0.85	-0.82	-1.19	-0.78	-0.34	-0.32	-0.35	-0.40
Long-Term Debt to EBITDA	-1.65	-0.96	-0.87	-1.18	-1.26	-1.40	-1.20	-0.39	-0.44	-0.50	-0.61
Debt to NOPAT	-3.41	-2.90	-1.80	-1.88	-1.90	-1.91	-1.46	-1.64	-2.58	-2.51	-2.87
Net Debt to NOPAT	-3.02	-2.64	-1.59	-1.33	-1.22	-1.60	-0.93	-1.42	-1.86	-1.77	-1.89
Long-Term Debt to NOPAT	-2.20	-2.75	-1.77	-1.85	-1.87	-1.88	-1.43	-1.62	-2.57	-2.50	-2.86
Altman Z-Score	-17.74	-22.56	-25.92	-11.67	-6.32	-8.42	-5.51	-12.40	-10.39	-6.71	-7.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-10.55%	-28.58%	-70.56%	-88.24%	-79.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	2.28	1.49	2.32	2.01	1.34	2.68	1.99	2.77	2.05	2.23
Quick Ratio	0.93	0.91	1.15	3.82	1.32	0.67	0.94	0.45	1.19	0.99	1.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16	-14	14	15	-27	-37	8.64	236	337	173	180
Operating Cash Flow to CapEx	-2,915.61%	-3,156.16%	-1,878.55%	-865.85%	-460.12%	-1,001.34%	-421.40%	-455.24%	-325.88%	-588.13%	-939.10%
Free Cash Flow to Firm to Interest Expense	0.00	-8.82	7.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.67
Operating Cash Flow to Interest Expense	0.00	-18.65	-48.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.35
Operating Cash Flow Less CapEx to Interest Expense	0.00	-40.85	-55.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.21	0.17	0.09	0.11	0.11	0.08	0.08	0.07	0.09	0.11
Accounts Receivable Turnover	10.01	22.19	8.65	6.26	2.61	1.87	2.18	2.44	2.24	2.09	4.42
Inventory Turnover	8.46	23.74	8.05	4.12	4.45	6.40	5.45	4.24	3.96	3.86	4.67
Fixed Asset Turnover	0.89	2.40	0.88	0.50	0.50	0.42	0.00	0.42	0.37	0.45	0.00
Accounts Payable Turnover	6.33	19.64	5.35	3.66	3.25	3.58	4.76	5.16	5.31	4.92	4.31
Days Sales Outstanding (DSO)	72.94	148.05	42.18	58.33	139.88	195.00	167.56	149.72	162.84	174.40	82.67
Days Inventory Outstanding (DIO)	86.30	61.50	45.35	88.50	81.96	57.04	66.95	86.14	92.10	94.52	78.15
Days Payable Outstanding (DPO)	172.90	167.29	68.23	99.74	112.20	101.92	76.75	70.75	68.78	74.24	84.61
Cash Conversion Cycle (CCC)	21.99	48.67	19.30	47.09	109.64	150.12	157.76	165.11	186.16	194.68	76.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	23	18	-24	20	20	26	-53	-253	-353	-200	-277
Invested Capital Turnover	1.14	1.96	-4.11	0.27	0.76	0.64	-0.39	-0.13	-0.09	-0.22	-0.20
Increase / (Decrease) in Invested Capital	-50	-12	-38	-53	-2.91	8.70	-29	-273	-373	-226	-225
Enterprise Value (EV)	266	384	1,424	437	303	383	403	965	1,776	1,600	1,991
Market Capitalization	110	414	503	624	172	209	264	644	1,059	857	1,165
Book Value per Share	($1.79)	($2.02)	($1.98)	($0.96)	($0.70)	($0.73)	($0.92)	($2.65)	($4.91)	($4.16)	($4.85)
Tangible Book Value per Share	($1.85)	($2.08)	($2.02)	($0.99)	($0.73)	($0.76)	($0.94)	($2.67)	($4.93)	($4.18)	($4.87)
Total Capital	43	37	3.07	163	93	61	2.58	-227	-265	-102	-125
Total Debt	176	212	233	210	204	209	153	191	317	329	445
Total Long-Term Debt	170	201	230	414	201	205	150	188	315	327	444
Net Debt	156	193	206	297	131	174	98	165	229	232	293
Capital Expenditures (CapEx)	1.29	2.90	7.20	22	8.14	4.04	6.25	9.76	13	4.92	7.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-20	-23	-2.58	3.51	-8.12	-8.84	63	51	29	-0.42	-23
Debt-free Net Working Capital (DFNWC)	0.13	-4.44	24	130	65	26	118	77	117	96	129
Net Working Capital (NWC)	-5.43	-16	21	123	61	22	115	74	115	95	128
Net Nonoperating Expense (NNE)	23	45	107	-53	12	18	7.85	306	232	-68	178
Net Nonoperating Obligations (NNO)	156	193	206	297	131	174	98	165	229	232	293
Total Depreciation and Amortization (D&A)	3.20	2.92	2.71	4.84	2.72	1.50	1.68	3.06	2.90	3.05	3.37
Debt-free, Cash-free Net Working Capital to Revenue	-329.22%	-297.81%	-14.50%	28.24%	-49.57%	-62.52%	426.01%	340.68%	183.19%	-2.14%	-67.92%
Debt-free Net Working Capital to Revenue	1.46%	-37.83%	134.85%	522.12%	395.61%	180.68%	798.34%	512.04%	749.40%	494.70%	381.95%
Net Working Capital to Revenue	-90.87%	-200.23%	117.49%	496.29%	375.27%	156.23%	777.79%	495.09%	736.49%	487.13%	378.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.70)	($0.82)	($1.12)	$0.11	$0.02	($0.23)	($0.25)	($1.77)	($2.30)	$0.42	($1.05)
Adjusted Weighted Average Basic Shares Outstanding	62.44M	86.80M	117.32M	138.01M	126.97M	201.31M	211.14M	216.90M	212.04M	225.47M	237.74M
Adjusted Diluted Earnings per Share	($0.70)	($0.82)	($1.12)	($0.05)	$0.18	($0.23)	($0.25)	($1.77)	($2.30)	($0.20)	($1.05)
Adjusted Weighted Average Diluted Shares Outstanding	62.44M	86.80M	117.32M	156.33M	126.97M	201.31M	211.14M	216.90M	212.04M	436.37M	237.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	84.89M	115.85M	133.99M	158.06M	202.65M	208.13M	216.71M	217.91M	226.60M	227.59M	259.85M
Normalized Net Operating Profit after Tax (NOPAT)	-31	-26	-20	-37	-30	-29	-20	-35	-32	-52	-45
Normalized NOPAT Margin	-1,162.22%	-891.46%	-16,395.74%	-16,162.24%	-447.22%	-435.52%	-2,242.34%	-4,109.34%	-444.88%	-500.66%	-292.40%
Pre Tax Income Margin	-2,123.29%	-1,620.60%	-158,587.95%	4,369.88%	-623.33%	-707.21%	-3,136.30%	-40,150.12%	-3,696.68%	144.79%	-1,463.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-62.88	-58.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.41
NOPAT to Interest Expense	0.00	-49.18	-38.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.91
EBIT Less CapEx to Interest Expense	0.00	-66.42	-187.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.55
NOPAT Less CapEx to Interest Expense	0.00	-54.50	-33.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-0.63%	-1.31%	-2.18%	0.00%	-2.89%	-3.06%	0.00%	0.00%	0.00%

Key Financial Trends

Eos Energy Enterprises (NASDAQ: EOSEW) has experienced significant financial challenges over the last several years, as reflected in its quarterly financial statements. Here’s a summary of key financial trends and data points observed from Q2 2022 through Q2 2025:

Cash and equivalents grew from $16.2 million in Q2 2022 to over $120.2 million by Q2 2025, indicating improved liquidity.
The company raised substantial financing via debt and equity issuances, with debt issuances in Q2 2025 totaling $240 million and common equity issuance contributing another $81 million, supporting operational funding.
Depreciation and amortization expenses have remained relatively steady, around $2.5 to $3 million quarterly, indicating stable capital asset aging and amortized intangible assets.
Capital expenditures (purchase of property, plant & equipment) fluctuate quarter to quarter but remain in the $3 million to $13 million range, showing ongoing investment in physical assets.
The number of weighted average shares outstanding increased, reflecting equity financing activities and potential dilution to shareholders—from roughly 87 million basic shares in early 2023 to 237 million diluted shares in mid-2025.
Operating revenue has been very low compared to costs, with quarterly revenues ranging from under $1 million in early 2022 to $15.2 million in Q2 2025, which is significantly below cost of revenue that often exceeds $30 million per quarter.
Gross profit margins have been negative, with gross profits consistently showing heavy losses, for example, -$30.9 million in Q2 2025 and similar negative margins in prior periods.
Net income/loss has been deeply negative, with a Q2 2025 net loss of approximately $223 million, continuing a multi-year trend of significant losses reflecting the company’s stage in development or operational challenges.
Interest expense and other operating expenses continue to be high, contributing to overall negative profitability.
Total liabilities have increased over time, reaching over $931 million by Q2 2025, well in excess of total assets around $361 million, resulting in a negative total equity of approximately -$1.1 billion, reflecting heavy leverage and accumulated losses.

Summary: Eos Energy Enterprises has been heavily investing in capital expenditures and funding its operations with a combination of debt and equity financing over the last few years. While cash balances have grown and financing activities have strengthened liquidity, the company continues to operate at significant losses with negative gross margins and a highly leveraged balance sheet. Revenue growth to date has not kept pace with operating costs, and profitability remains a significant challenge.

Retail investors should be aware of the company's ongoing losses, high leverage, and dilution risk from new equity issues when considering an investment in EOSEW. However, the increased liquidity and financing activity might provide runway for the company’s growth strategy if operational improvements materialize.

08/08/25 06:04 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Eos Energy Enterprises' Financials

When does Eos Energy Enterprises' fiscal year end?

According to the most recent income statement we have on file, Eos Energy Enterprises' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Eos Energy Enterprises' net income changed over the last 5 years?

Eos Energy Enterprises' net income appears to be on an upward trend, with a most recent value of -$685.87 million in 2024, rising from -$79.48 million in 2019. The previous period was -$229.51 million in 2023. See Eos Energy Enterprises' forecast for analyst expectations on what’s next for the company.

What is Eos Energy Enterprises' operating income?

Eos Energy Enterprises' total operating income in 2024 was -$175.20 million, based on the following breakdown:

Total Gross Profit: -$83.26 million
Total Operating Expenses: $91.94 million

How has Eos Energy Enterprises' revenue changed over the last 5 years?

Over the last 5 years, Eos Energy Enterprises' total revenue changed from $496 thousand in 2019 to $15.61 million in 2024, a change of 3,046.4%.

How much debt does Eos Energy Enterprises have?

Eos Energy Enterprises' total liabilities were at $842.09 million at the end of 2024, a 183.3% increase from 2023, and a 863.3% increase since 2019.

How much cash does Eos Energy Enterprises have?

In the past 5 years, Eos Energy Enterprises' cash and equivalents has ranged from $862 thousand in 2019 to $121.85 million in 2020, and is currently $74.29 million as of their latest financial filing in 2024.

How has Eos Energy Enterprises' book value per share changed over the last 5 years?

Over the last 5 years, Eos Energy Enterprises' book value per share changed from -46.74 in 2019 to -4.91 in 2024, a change of -89.5%.

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This page (NASDAQ:EOSE) was last updated on 8/8/2025 by MarketBeat.com Staff

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Eos Energy Enterprises (EOSE) Financials

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Eos Energy Enterprises (EOSE) Financials

Annual Income Statements for Eos Energy Enterprises

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Quarterly Balance Sheets for Eos Energy Enterprises

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