What is Eos Energy Enterprises' operating income?

Eos Energy Enterprises' total operating income in 2025 was -$259.27 million, based on the following breakdown: Total Gross Profit: -$143.84 million Total Operating Expenses: $115.43 million

Eos Energy Enterprises (EOSE) Financials

$3.81 +0.35 (+10.12%)

As of 08/21/2026 04:00 PM Eastern

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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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-79	-71	-124	-230	-230	-964	-1,745
Consolidated Net Income / (Loss)	-79	-71	-124	-230	-230	-686	-970
Net Income / (Loss) Continuing Operations	-79	-71	-124	-230	-230	-686	-970
Total Pre-Tax Income	-83	-71	-124	-230	-229	-686	-970
Total Operating Income	-27	-39	-135	-221	-153	-175	-259
Total Gross Profit	-7.84	-5.29	-42	-135	-73	-83	-144
Total Revenue	0.50	0.22	4.60	18	16	16	114
Operating Revenue	0.50	0.22	4.60	18	16	16	114
Total Cost of Revenue	8.33	5.51	46	153	90	99	258
Operating Cost of Revenue	8.33	5.51	46	153	90	99	258
Total Operating Expenses	19	33	93	86	80	92	115
Selling, General & Admin Expense	6.59	18	43	61	54	60	85
Research & Development Expense	12	14	19	18	19	23	29
Impairment Charge	-	-	0.05	6.85	7.16	9.13	1.78
Total Other Income / (Expense), net	-57	-32	11	-8.50	-77	-511	-710
Interest Expense	56	24	3.32	0.94	3.51	-68	116
Interest & Investment Income	0.00	-0.12	-7.64	-19	-56	-28	-23
Other Income / (Expense), net	-0.72	-8.27	21	11	-17	-551	-571
Income Tax Expense	-4.06	0.00	0.00	0.05	0.03	0.02	0.02
Preferred Stock Dividends Declared	-	-	-	-	-	278	775
Basic Earnings per Share	($20.22)	($7.51)	($2.36)	($3.68)	($1.81)	($4.55)	($6.69)
Weighted Average Basic Shares Outstanding	3.93M	9.41M	52.66M	62.44M	126.97M	212.04M	260.83M
Diluted Earnings per Share	($20.22)	($7.51)	($2.36)	($3.68)	($1.81)	($4.55)	($6.69)
Weighted Average Diluted Shares Outstanding	3.93M	9.41M	52.66M	62.44M	126.97M	212.04M	260.83M
Weighted Average Basic & Diluted Shares Outstanding	-	51.80M	53.96M	84.89M	202.65M	226.60M	339.43M

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-41	-47	-52	-384	-482	95	-249	-1,332	-259	827	-406
Consolidated Net Income / (Loss)	-41	-47	-28	-343	-268	15	-223	-641	-120	509	-276
Net Income / (Loss) Continuing Operations	-41	-47	-28	-343	-268	15	-223	-641	-120	509	-276
Total Pre-Tax Income	-41	-47	-28	-343	-268	15	-223	-641	-120	509	-276
Total Operating Income	-42	-41	-29	-53	-52	-53	-64	-61	-81	-79	-84
Total Gross Profit	-24	-22	-13	-25	-24	-25	-31	-34	-54	-44	-49
Total Revenue	6.61	6.60	0.90	0.85	7.25	10	15	31	58	57	69
Operating Revenue	6.61	6.60	0.90	0.85	7.25	10	15	31	58	57	69
Total Cost of Revenue	30	28	14	26	31	35	46	64	112	101	118
Operating Cost of Revenue	30	28	14	26	31	35	46	64	112	101	118
Total Operating Expenses	18	20	16	28	28	28	33	27	27	35	35
Selling, General & Admin Expense	13	14	11	18	17	21	25	20	19	24	25
Research & Development Expense	5.01	5.20	4.25	7.43	5.88	6.84	7.20	6.93	7.58	11	11
Impairment Charge	0.01	0.07	0.27	3.19	5.61	0.56	0.21	0.59	0.43	0.07	0.01
Total Other Income / (Expense), net	1.04	-5.55	0.87	-290	-216	68	-159	-580	-39	588	-192
Interest Expense	-	-	-68	0.00	-	6.76	57	3.59	-	12	12
Interest & Investment Income	-8.57	-9.12	-8.43	-5.42	-5.25	0.81	0.85	-4.01	-6.67	2.79	3.65
Other Income / (Expense), net	9.60	3.57	-59	-284	-211	74	-103	-573	31	598	-184
Income Tax Expense	0.01	0.03	0.01	-0.02	0.00	0.01	0.01	0.00	0.01	0.01	0.01
Preferred Stock Dividends Declared	-	-	24	41	-	-80	21	691	138	-779	131
Basic Earnings per Share	$0.02	($0.23)	($0.25)	($1.77)	($2.30)	$0.42	($1.05)	($4.91)	($1.15)	$2.43	($1.20)
Weighted Average Basic Shares Outstanding	126.97M	201.31M	211.14M	216.90M	212.04M	225.47M	237.74M	271.62M	260.83M	339.60M	339.80M
Diluted Earnings per Share	$0.18	($0.23)	($0.25)	($1.77)	($2.30)	($0.20)	($1.05)	($4.91)	($0.53)	$0.12	($1.20)
Weighted Average Diluted Shares Outstanding	126.97M	201.31M	211.14M	216.90M	212.04M	436.37M	237.74M	271.62M	260.83M	544.83M	339.80M
Weighted Average Basic & Diluted Shares Outstanding	202.65M	208.13M	216.71M	217.91M	226.60M	227.59M	259.85M	288.24M	339.43M	339.51M	364.17M

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-4.64	121	-16	-74	53	19	521
Net Cash From Operating Activities	-24	-27	-116	-197	-145	-154	-211
Net Cash From Continuing Operating Activities	-24	-27	-116	-197	-145	-154	-211
Net Income / (Loss) Continuing Operations	-79	-71	-124	-230	-230	-686	-970
Consolidated Net Income / (Loss)	-79	-71	-124	-230	-230	-686	-970
Depreciation Expense	2.12	1.56	2.61	6.81	9.75	7.90	14
Amortization Expense	0.00	0.00	3.87	0.87	1.02	1.23	1.89
Non-Cash Adjustments To Reconcile Net Income	58	37	4.49	23	80	129	401
Changes in Operating Assets and Liabilities, net	-4.86	5.57	-2.91	1.97	-6.74	394	341
Net Cash From Investing Activities	-2.90	-6.63	-23	-17	-29	-33	-55
Net Cash From Continuing Investing Activities	-2.90	-6.63	-23	-17	-29	-33	-55
Purchase of Property, Plant & Equipment	-2.30	-3.61	-16	-20	-29	-33	-55
Net Cash From Financing Activities	22	154	123	140	228	206	787
Net Cash From Continuing Financing Activities	22	154	123	140	228	206	787
Repayment of Debt	-1.07	-0.11	-4.49	-15	-7.03	-41	-744
Issuance of Debt	19	9.20	107	112	48	227	882
Issuance of Common Equity	-	-	0.00	44	192	14	539
Other Financing Activities, net	1.79	133	21	-0.99	-0.27	6.22	111
Cash Interest Paid	0.01	0.12	0.16	5.77	15	4.40	8.40

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	12	-38	11	-27	73	8.33	71	-56	498	-152	-108
Net Cash From Operating Activities	-37	-40	-26	-44	-43	-29	-66	-66	-50	-120	-72
Net Cash From Continuing Operating Activities	-37	-40	-26	-44	-43	-29	-66	-67	-49	-120	-72
Net Income / (Loss) Continuing Operations	-41	-47	-28	-343	-268	15	-223	-641	-120	509	-276
Consolidated Net Income / (Loss)	-41	-47	-28	-343	-268	15	-223	-641	-120	509	-276
Depreciation Expense	2.44	1.20	1.37	2.69	2.64	2.68	2.94	3.37	5.20	5.39	6.07
Amortization Expense	0.29	0.30	0.31	0.37	0.26	0.37	0.43	0.47	0.62	0.78	0.74
Non-Cash Adjustments To Reconcile Net Income	-0.01	0.46	3.37	295	257	-31	156	580	-267	-160	59
Changes in Operating Assets and Liabilities, net	1.06	4.28	-3.21	0.47	-34	-16	-2.43	-10	333	-474	138
Net Cash From Investing Activities	-8.28	-4.04	-6.26	-9.76	-13	-4.92	-7.04	-18	-25	-35	-35
Net Cash From Continuing Investing Activities	-8.28	-4.04	-6.26	-9.76	-13	-4.92	-7.04	-18	-25	-35	-35
Purchase of Property, Plant & Equipment	-8.14	-4.04	-6.25	-9.76	-13	-4.92	-7.04	-18	-25	-35	-35
Net Cash From Financing Activities	57	6.11	44	27	129	42	145	27	573	2.67	-0.87
Net Cash From Continuing Financing Activities	57	6.11	44	27	129	42	145	27	573	2.67	-0.87
Repayment of Debt	-1.87	-0.79	-33	11	-19	-3.16	-177	2.39	-566	-0.59	-0.10
Other Financing Activities, net	-0.03	-0.31	-0.05	-0.39	74	6.85	0.79	6.81	96	3.26	-0.77
Cash Interest Paid	3.86	0.24	3.89	0.15	0.12	0.07	0.05	0.04	8.24	0.01	7.14

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	13	138	169	107	186	260	885
Total Current Assets	5.98	127	143	55	122	180	708
Cash & Equivalents	0.86	122	105	17	69	74	568
Restricted Cash	-	0.00	0.86	2.73	3.44	14	35
Accounts Receivable	-	0.00	1.92	1.67	11	3.04	0.00
Inventories, net	0.00	0.21	13	23	17	33	59
Prepaid Expenses	0.48	2.27	2.60	2.29	1.08	0.94	2.70
Other Current Assets	4.64	3.03	19	7.87	20	55	37
Plant, Property, & Equipment, net	5.32	5.65	13	27	38	46	114
Total Noncurrent Assets	1.76	5.24	14	24	26	35	62
Goodwill	-	0.00	4.33	4.33	4.33	4.33	4.33
Intangible Assets	0.36	0.32	0.28	0.24	0.30	0.24	0.98
Other Noncurrent Operating Assets	0.81	1.09	5.56	20	22	30	57
Total Liabilities & Shareholders' Equity	13	138	169	107	186	260	885
Total Liabilities	87	17	137	239	297	842	1,763
Total Current Liabilities	87	14	30	61	61	65	144
Short-Term Debt	77	0.92	6.57	5.56	3.33	2.01	0.37
Accounts Payable	8.18	5.90	14	35	21	17	100
Accrued Expenses	-	5.09	7.67	15	32	22	26
Current Deferred Revenue	-	-	0.85	3.85	3.07	22	15
Other Current Liabilities	1.98	1.67	1.09	1.14	1.60	2.17	2.48
Total Noncurrent Liabilities	0.68	3.89	107	179	236	777	1,619
Long-Term Debt	0.00	0.43	103	170	201	315	813
Noncurrent Deferred Revenue	0.66	-	0.00	0.96	3.54	4.31	2.51
Other Noncurrent Operating Liabilities	-	3.47	4.17	7.70	32	458	804
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	109	-	-	-	0.00	489	1,362
Total Equity & Noncontrolling Interests	-184	121	32	-133	-111	-1,070	-2,239
Total Preferred & Common Equity	-184	121	32	-133	-111	-1,070	-2,239
Total Common Equity	-184	121	32	-133	-111	-1,070	-2,239
Common Stock	20	395	449	514	765	535	428
Retained Earnings	-204	-292	-417	-646	-876	-1,562	-2,536
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.01	0.00	-43	-131

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	100	109	154	156	249	217	263	361	328	799	907
Total Current Assets	50	64	108	87	184	149	186	232	189	590	514
Cash & Equivalents	16	23	58	32	52	23	83	120	59	411	305
Restricted Cash	2.73	3.36	3.44	2.63	2.63	2.63	14	32	37	40	44
Accounts Receivable	3.66	1.52	1.58	11	12	11	7.15	3.25	4.82	3.83	14
Inventories, net	14	17	21	14	18	26	40	41	48	59	75
Prepaid Expenses	1.88	1.35	0.82	1.28	1.29	1.07	1.28	2.01	2.38	3.39	3.24
Other Current Assets	12	18	24	25	97	86	40	34	38	74	73
Plant, Property, & Equipment, net	25	20	20	43	0.00	52	44	0.00	86	146	177
Total Noncurrent Assets	25	25	25	26	65	16	34	129	53	64	215
Goodwill	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33
Intangible Assets	0.35	0.33	0.31	0.28	0.26	0.24	0.22	0.19	1.08	1.29	1.51
Other Noncurrent Operating Assets	20	20	20	21	61	12	29	124	48	58	209
Total Liabilities & Shareholders' Equity	100	109	154	156	249	217	263	361	328	799	907
Total Liabilities	275	338	282	303	399	635	695	932	1,425	1,085	1,224
Total Current Liabilities	66	43	47	65	68	75	91	104	103	125	158
Short-Term Debt	11	3.09	3.21	3.46	3.04	2.54	1.47	1.07	0.73	0.00	0.00
Accounts Payable	33	15	14	18	24	24	25	40	52	78	106
Accrued Expenses	20	21	25	39	35	38	22	24	31	39	42
Current Deferred Revenue	0.40	2.38	3.29	2.83	-	8.72	40	-	17	6.72	7.91
Other Current Liabilities	1.18	1.28	1.39	1.68	6.59	1.76	3.60	40	2.89	2.32	1.91
Total Noncurrent Liabilities	210	295	236	238	331	559	604	827	1,322	960	1,066
Long-Term Debt	201	230	207	205	150	188	327	444	448	620	617
Noncurrent Deferred Revenue	0.96	0.96	0.96	4.28	-	3.30	3.73	-	2.48	2.23	1.97
Other Noncurrent Operating Liabilities	7.70	65	28	29	181	368	273	383	871	338	447
Commitments & Contingencies	0.00	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	1,223	583	713
Total Equity & Noncontrolling Interests	-176	-230	-128	-148	-191	-574	-942	-1,103	-2,320	-868	-1,031
Total Preferred & Common Equity	-176	-230	-128	-148	-191	-574	-942	-1,103	-2,320	-868	-1,031
Total Common Equity	-176	-230	-128	-148	-191	-574	-942	-1,103	-2,320	-868	-1,031
Common Stock	542	620	706	775	760	724	648	721	162	1,248	1,407
Retained Earnings	-718	-850	-835	-923	-951	-1,294	-1,547	-1,774	-2,415	-2,027	-2,303
Accumulated Other Comprehensive Income / (Loss)	0.01	0.01	0.00	0.00	0.00	-4.64	-43	-50	-67	-89	-135

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	288,242,532.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	288,242,532.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-6.05
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-55.85%	3,999.09%	289.82%	-8.63%	-4.71%	631.79%
EBITDA Growth	0.00%	-78.53%	-605.61%	36.83%	21.44%	-351.06%	-13.56%
EBIT Growth	0.00%	-70.43%	-1,147.29%	7.28%	19.18%	-327.81%	-14.34%
NOPAT Growth	0.00%	-44.15%	-993.25%	-64.23%	30.88%	-14.56%	-47.99%
Net Income Growth	0.00%	11.12%	-151.67%	-85.01%	0.13%	-198.85%	-41.37%
EPS Growth	0.00%	62.86%	205.73%	-55.93%	50.82%	-151.38%	-47.03%
Operating Cash Flow Growth	0.00%	-11.43%	-337.32%	-69.49%	26.33%	-6.15%	-37.19%
Free Cash Flow Firm Growth	0.00%	0.00%	-648.20%	38.68%	0.62%	340.76%	-47.26%
Invested Capital Growth	0.00%	-542.13%	1,141.67%	-68.48%	-12.62%	-1,853.28%	-88.82%
Revenue Q/Q Growth	0.00%	0.00%	174.02%	-2.39%	31.72%	4.30%	79.97%
EBITDA Q/Q Growth	0.00%	0.00%	-622.01%	63.32%	9.08%	-47.25%	20.93%
EBIT Q/Q Growth	0.00%	0.00%	-107.50%	63.22%	8.78%	-46.43%	20.38%
NOPAT Q/Q Growth	0.00%	0.00%	-19.92%	-5.24%	4.00%	-5.71%	-12.87%
Net Income Q/Q Growth	0.00%	0.00%	-4.46%	-12.77%	6.29%	-49.44%	13.22%
EPS Q/Q Growth	0.00%	0.00%	-205.83%	-3.95%	32.71%	-119.81%	20.92%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-20.06%	-1.12%	0.20%	-3.53%	-3.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	68.43%	-77.00%	59.69%	-59.99%
Invested Capital Q/Q Growth	0.00%	0.00%	109.98%	-68.38%	-0.41%	-39.73%	10.37%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	-1,579.84%	-2,415.53%	-1,821.88%	-2,265.16%	-448.28%	-533.52%	-125.95%
EBITDA Margin	-5,126.01%	-20,726.48%	-4,643.80%	-1,128.81%	-970.54%	-4,594.25%	-712.92%
Operating Margin	-5,409.68%	-17,661.64%	-2,930.06%	-2,468.85%	-933.80%	-1,122.64%	-227.03%
EBIT Margin	-5,554.03%	-21,437.90%	-7,388.95%	-2,343.31%	-1,036.32%	-4,652.76%	-726.99%
Profit (Net Income) Margin	-16,024.80%	-32,257.08%	-10,806.09%	-2,564.30%	-1,401.31%	-4,394.91%	-849.06%
Tax Burden Percent	95.34%	99.82%	400.00%	200.04%	100.01%	100.00%	100.00%
Interest Burden Percent	302.62%	150.74%	438.74%	328.22%	135.20%	94.46%	116.79%
Effective Tax Rate	0.00%	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%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-2,485.70%	0.00%	-1,039.88%	-413.39%	-581.01%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	2,511.81%	0.00%	1,253.81%	1,513.57%	684.09%	0.00%	0.00%
Return on Equity (ROE)	106.89%	-304.31%	-486.38%	354.21%	188.50%	198.07%	132.91%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-475.13%	-217.89%	-482.13%	0.00%	0.00%
Operating Return on Assets (OROA)	-210.98%	-62.05%	-221.02%	-304.40%	-115.75%	-325.02%	-144.96%
Return on Assets (ROA)	-608.74%	-93.37%	-242.42%	-333.11%	-156.51%	-307.01%	-169.29%
Return on Common Equity (ROCE)	264.11%	412.52%	-162.13%	354.21%	188.50%	337.83%	301.45%
Return on Equity Simple (ROE_SIMPLE)	43.26%	-58.49%	-765.65%	173.17%	207.14%	64.07%	0.00%
Net Operating Profit after Tax (NOPAT)	-19	-27	-94	-155	-107	-123	-181
NOPAT Margin	-3,786.77%	-12,363.15%	-2,051.04%	-864.10%	-653.66%	-785.85%	-158.92%
Net Nonoperating Expense Percent (NNEP)	80.79%	-177.47%	1,217.25%	182.75%	85.42%	313.36%	359.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-115.04%	16.27%	12.73%
Cost of Revenue to Revenue	1,679.84%	2,515.53%	3,032.82%	2,565.16%	548.28%	633.52%	225.95%
SG&A Expenses to Revenue	1,328.43%	8,046.12%	2,805.44%	676.45%	327.57%	384.77%	74.53%
R&D to Revenue	2,369.96%	6,206.85%	1,666.29%	309.12%	114.23%	145.83%	24.99%
Operating Expenses to Revenue	3,829.84%	15,246.12%	4,038.23%	1,438.11%	485.51%	589.12%	101.08%
Earnings before Interest and Taxes (EBIT)	-28	-47	-226	-210	-170	-726	-830
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-25	-45	-320	-202	-159	-717	-814
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.89	12.45	0.00	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	0.00
Price to Revenue (P/Rev)	352.82	2,143.47	87.82	6.12	10.52	67.86	28.92
Price to Earnings (P/E)	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%
Earnings Yield	0.00%	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	0.00
Enterprise Value to Revenue (EV/Rev)	724.80	1,576.18	175.49	14.82	18.51	113.82	42.69
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	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
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	7.08	36.87
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	-1.03	0.01	10.10	-2.65	-1.84	-0.54	-0.93
Long-Term Debt to Equity	0.00	0.00	9.49	-1.28	-1.81	-0.54	-0.93
Financial Leverage	-1.01	-1.06	-0.64	-1.64	-1.18	-0.52	-0.30
Leverage Ratio	-0.18	3.26	12.43	-4.36	-1.20	-0.65	-0.79
Compound Leverage Factor	-0.53	4.91	13.64	-3.89	-1.63	-0.61	-0.92
Debt to Total Capital	3,431.41%	1.11%	308.38%	815.54%	219.06%	-119.64%	-1,269.66%
Short-Term Debt to Total Capital	3,430.65%	0.76%	9.28%	12.89%	3.58%	-0.76%	-0.58%
Long-Term Debt to Total Capital	0.76%	0.35%	144.92%	789.75%	215.48%	-118.88%	-1,269.08%
Preferred Equity to Total Capital	0.00%	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%	-2,125.62%
Common Equity to Total Capital	-8,231.27%	98.89%	68.71%	-615.54%	-119.07%	404.15%	3,495.27%
Debt to EBITDA	-3.01	-0.03	-1.02	-0.87	-1.28	-0.44	-1.00
Net Debt to EBITDA	-2.96	2.74	-0.06	-2.26	-0.82	-0.32	-0.26
Long-Term Debt to EBITDA	0.00	-0.01	-2.77	-1.65	-1.26	-0.44	-1.00
Debt to NOPAT	-4.08	-0.05	-3.47	-3.41	-1.90	-2.58	-4.48
Net Debt to NOPAT	-4.00	4.59	-0.07	-1.01	-1.22	-1.86	-1.16
Long-Term Debt to NOPAT	0.00	-0.02	-4.35	-2.20	-1.87	-2.57	-4.48
Altman Z-Score	-35.03	13.02	-9.24	-43.83	-8.75	-16.26	-5.09
Noncontrolling Interest Sharing Ratio	-147.08%	235.56%	0.00%	0.00%	0.00%	-70.56%	-126.81%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.07	9.38	9.53	0.91	2.01	2.77	4.94
Quick Ratio	0.01	8.97	10.71	0.31	1.32	1.19	4.00
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-23	-171	-105	-104	251	132
Operating Cash Flow to CapEx	-1,036.71%	-736.73%	-745.06%	-980.75%	-494.55%	-464.33%	-386.15%
Free Cash Flow to Firm to Interest Expense	0.00	-0.96	-203.62	-111.25	-29.67	0.00	1.14
Operating Cash Flow to Interest Expense	-0.43	-1.12	-34.94	-208.98	-41.32	0.00	-1.82
Operating Cash Flow Less CapEx to Interest Expense	-0.47	-1.27	-39.63	-230.29	-49.67	0.00	-2.29
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.04	0.00	0.08	0.13	0.11	0.07	0.20
Accounts Receivable Turnover	0.00	0.00	0.00	10.01	2.61	2.24	23.27
Inventory Turnover	0.00	0.00	7.05	8.46	4.45	3.96	5.62
Fixed Asset Turnover	0.09	0.04	0.50	0.89	0.50	0.37	1.43
Accounts Payable Turnover	1.02	0.78	4.74	6.33	3.25	5.31	4.41
Days Sales Outstanding (DSO)	0.00	0.00	0.00	109.41	139.88	162.84	15.69
Days Inventory Outstanding (DIO)	0.00	0.00	103.57	43.15	81.96	92.10	64.96
Days Payable Outstanding (DPO)	358.39	466.30	308.22	172.90	112.20	68.78	82.69
Cash Conversion Cycle (CCC)	-358.39	-466.30	-25.27	45.40	109.64	186.16	-2.04
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.78	-3.45	73	23	20	-353	-667
Invested Capital Turnover	0.64	-0.16	0.57	0.37	0.76	-0.09	-0.22
Increase / (Decrease) in Invested Capital	0.00	-4.23	77	-50	-2.91	-373	-314
Enterprise Value (EV)	360	345	407	266	303	1,776	4,875
Market Capitalization	175	469	404	110	172	1,059	3,303
Book Value per Share	($46.74)	$5.36	$0.60	($1.79)	($0.70)	($4.91)	($7.77)
Tangible Book Value per Share	($46.84)	$5.35	$1.04	($1.85)	($0.73)	($4.93)	($7.79)
Total Capital	2.23	122	283	43	93	-265	-64
Total Debt	77	1.35	328	176	204	317	813
Total Long-Term Debt	0.02	0.43	103	170	201	315	813
Net Debt	75	-124	7.04	156	131	229	211
Capital Expenditures (CapEx)	2.30	3.61	16	20	29	33	55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.04	-7.15	41	-20	-8.12	29	-37
Debt-free Net Working Capital (DFNWC)	-4.18	115	238	0.13	65	117	565
Net Working Capital (NWC)	-81	114	225	-5.43	61	115	565
Net Nonoperating Expense (NNE)	61	44	60	75	122	563	788
Net Nonoperating Obligations (NNO)	75	-124	8.24	156	131	229	210
Total Depreciation and Amortization (D&A)	2.12	1.56	13	7.68	11	9.13	16
Debt-free, Cash-free Net Working Capital to Revenue	-1,016.13%	-3,263.47%	1,177.29%	-219.48%	-49.57%	183.19%	-32.68%
Debt-free Net Working Capital to Revenue	-842.34%	52,377.17%	10,371.90%	1.46%	395.61%	749.40%	495.01%
Net Working Capital to Revenue	-16,280.24%	51,955.25%	7,350.26%	-60.58%	375.27%	736.49%	494.68%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($7.31)	($2.36)	($3.68)	($1.81)	($4.55)	($6.69)
Adjusted Weighted Average Basic Shares Outstanding	0.00	9.41M	52.66M	62.44M	126.97M	212.04M	260.83M
Adjusted Diluted Earnings per Share	$0.00	($7.31)	($2.36)	($3.68)	($1.81)	($4.55)	($6.69)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	9.41M	52.66M	62.44M	126.97M	212.04M	260.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	339.43M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-26	-73	-150	-102	-116	-180
Normalized NOPAT Margin	-3,628.57%	-11,959.77%	-4,763.87%	-1,674.72%	-623.06%	-744.88%	-157.83%
Pre Tax Income Margin	-16,807.46%	-32,315.07%	-10,806.09%	-2,563.74%	-1,401.12%	-4,394.78%	-849.03%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.49	-1.98	-136.28	-240.67	-48.36	0.00	-7.15
NOPAT to Interest Expense	-0.34	-1.14	-113.49	-177.50	-30.50	0.00	-1.56
EBIT Less CapEx to Interest Expense	-0.53	-2.13	-140.97	-261.98	-56.71	0.00	-7.62
NOPAT Less CapEx to Interest Expense	-0.38	-1.29	-118.18	-211.89	-38.85	0.00	-2.03
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	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%	0.00%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	288,242,532.00	339,434,259.00	339,514,027.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	288,242,532.00	339,434,259.00	339,514,027.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-0.90	2.44	-1.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	147.94%	-25.29%	260.64%	24.85%	9.73%	58.42%	1,596.66%	3,472.83%	699.64%	444.74%	351.40%
EBITDA Growth	34.66%	25.56%	19.42%	-723.67%	-769.01%	166.92%	-89.36%	-88.39%	82.89%	2,072.90%	-59.02%
EBIT Growth	33.37%	26.88%	19.88%	-791.85%	-705.44%	156.13%	-89.57%	-87.81%	80.86%	2,358.23%	-59.89%
NOPAT Growth	13.11%	-7.50%	16.07%	1.26%	-22.40%	-83.77%	-119.88%	-14.81%	-57.19%	-49.89%	-31.27%
Net Income Growth	27.21%	34.77%	78.60%	-2,396.18%	-550.66%	132.41%	-691.34%	-87.07%	55.08%	3,262.07%	-23.67%
EPS Growth	125.71%	71.95%	77.68%	-3,440.00%	-1,377.78%	13.04%	-320.00%	-177.40%	76.96%	160.00%	-14.29%
Operating Cash Flow Growth	0.76%	-32.80%	41.62%	-38.91%	-14.01%	28.54%	-151.10%	-48.23%	-17.76%	-313.96%	-8.92%
Free Cash Flow Firm Growth	-266.03%	-160.05%	-39.03%	1,484.89%	1,364.89%	561.52%	1,986.34%	90.27%	-23.83%	-193.43%	-258.58%
Invested Capital Growth	-12.62%	48.99%	-123.09%	-1,349.63%	-1,853.28%	-854.22%	-428.53%	-194.35%	-88.82%	41.28%	81.89%
Revenue Q/Q Growth	866.37%	-0.14%	-86.40%	-4.90%	749.30%	44.17%	45.70%	100.26%	90.08%	-1.78%	20.74%
EBITDA Q/Q Growth	-155.79%	-20.57%	-139.91%	-286.44%	22.26%	109.29%	-778.83%	-284.45%	92.94%	1,279.03%	-149.68%
EBIT Q/Q Growth	-166.91%	-15.10%	-134.83%	-282.54%	22.10%	108.02%	-893.08%	-279.00%	92.06%	1,130.34%	-151.58%
NOPAT Q/Q Growth	21.79%	2.61%	29.41%	-83.65%	3.05%	-46.21%	15.54%	4.11%	-32.75%	-39.41%	26.03%
Net Income Q/Q Growth	-375.97%	-13.35%	39.68%	-1,117.05%	21.80%	105.65%	-1,572.89%	-187.70%	81.22%	522.47%	-154.18%
EPS Q/Q Growth	460.00%	-227.78%	-8.70%	-608.00%	-29.94%	91.30%	-425.00%	-367.62%	89.21%	122.64%	-1,100.00%
Operating Cash Flow Q/Q Growth	-17.01%	-8.10%	34.94%	-68.78%	3.96%	32.24%	-128.61%	0.37%	23.70%	-138.21%	39.85%
Free Cash Flow Firm Q/Q Growth	-279.25%	-40.64%	123.05%	2,627.69%	43.06%	-48.68%	4.19%	148.76%	-42.73%	-162.95%	-76.84%
Invested Capital Q/Q Growth	-0.41%	31.29%	-298.48%	-381.53%	-39.73%	43.52%	-39.09%	-168.18%	10.37%	82.44%	57.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-359.15%	-327.65%	-1,472.49%	-2,916.86%	-324.00%	-234.67%	-203.16%	-111.19%	-93.83%	-77.99%	-70.96%
EBITDA Margin	-452.59%	-546.43%	-9,636.30%	-39,157.03%	-3,584.35%	230.84%	-1,075.49%	-2,064.64%	-76.70%	920.80%	-378.87%
Operating Margin	-639.00%	-623.16%	-3,233.52%	-6,244.26%	-712.82%	-506.19%	-419.05%	-200.65%	-140.13%	-139.23%	-121.86%
EBIT Margin	-493.75%	-569.08%	-9,823.50%	-39,514.99%	-3,624.32%	201.64%	-1,097.59%	-2,077.20%	-86.74%	909.96%	-388.77%
Profit (Net Income) Margin	-623.42%	-707.59%	-3,137.19%	-40,148.24%	-3,696.73%	144.75%	-1,463.23%	-2,102.10%	-207.68%	893.36%	-400.89%
Tax Burden Percent	100.01%	100.05%	100.03%	100.00%	100.00%	99.97%	100.00%	100.00%	100.01%	100.00%	100.00%
Interest Burden Percent	126.24%	124.27%	31.93%	101.61%	102.00%	71.81%	133.31%	101.20%	239.41%	98.18%	103.11%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-339.14%	-279.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-347.26%	-288.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	408.87%	328.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	69.73%	49.25%	53.21%	168.11%	198.07%	215.56%	227.00%	147.53%	132.91%	132.73%	119.04%
Cash Return on Invested Capital (CROIC)	-482.13%	-532.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-55.15%	-63.03%	-812.46%	-3,188.10%	-253.18%	18.73%	-121.68%	-483.68%	-17.30%	275.25%	-131.40%
Return on Assets (ROA)	-69.63%	-78.37%	-259.46%	-3,239.19%	-258.24%	13.45%	-162.22%	-489.48%	-41.41%	270.22%	-135.50%
Return on Common Equity (ROCE)	69.73%	49.25%	58.82%	216.16%	337.83%	405.78%	407.11%	281.89%	301.45%	335.16%	285.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	138.56%	53.01%	79.99%	0.00%	66.23%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-30	-29	-20	-37	-36	-53	-45	-43	-57	-79	-59
NOPAT Margin	-447.30%	-436.21%	-2,263.46%	-4,370.98%	-498.98%	-506.02%	-293.34%	-140.45%	-98.09%	-139.23%	-85.30%
Net Nonoperating Expense Percent (NNEP)	8.12%	9.75%	5.16%	132.27%	129.04%	-33.53%	91.07%	231.20%	28.97%	-293.78%	77.44%
Return On Investment Capital (ROIC_SIMPLE)	-31.77%	-	-	-	4.80%	8.63%	6.80%	2.29%	3.99%	31.86%	14.18%
Cost of Revenue to Revenue	459.15%	427.65%	1,572.49%	3,016.86%	424.00%	334.67%	303.16%	211.19%	193.83%	177.99%	170.96%
SG&A Expenses to Revenue	203.95%	215.76%	1,257.57%	2,083.84%	230.47%	200.77%	167.29%	64.85%	32.49%	42.30%	35.62%
R&D to Revenue	75.78%	78.78%	473.27%	869.79%	81.07%	65.38%	47.26%	22.70%	13.07%	18.82%	15.27%
Operating Expenses to Revenue	279.85%	295.52%	1,761.02%	3,327.40%	388.82%	271.52%	215.90%	89.46%	46.29%	61.24%	50.91%
Earnings before Interest and Taxes (EBIT)	-33	-38	-88	-337	-263	21	-167	-634	-50	518	-267
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-30	-36	-87	-334	-260	24	-164	-630	-44	525	-261
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)	10.52	14.76	17.87	43.01	67.86	44.01	34.48	46.64	28.92	10.48	9.32
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)	15.05	14.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	18.51	27.07	27.22	64.46	113.82	82.19	58.90	71.48	42.69	15.15	13.90
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	6.14	7.08	16.83	28.56	13.72	36.87	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.84	-1.41	-1.02	-0.46	-0.54	-0.76	-0.78	-0.41	-0.93	-2.17	-1.94
Long-Term Debt to Equity	-1.81	-1.39	-1.00	-0.45	-0.54	-0.76	-0.78	-0.41	-0.93	-2.17	-1.94
Financial Leverage	-1.18	-1.14	-0.80	-0.85	-0.52	-0.70	-0.54	-0.34	-0.30	-0.56	-0.63
Leverage Ratio	-1.20	-0.79	-0.94	-0.68	-0.65	-0.72	-0.85	-0.36	-0.79	-1.48	-1.43
Compound Leverage Factor	-1.52	-0.98	-0.30	-0.69	-0.66	-0.52	-1.13	-0.36	-1.88	-1.45	-1.47
Debt to Total Capital	219.06%	342.69%	5,943.43%	-83.87%	-119.64%	-320.94%	-355.03%	-69.21%	-1,269.66%	185.63%	206.01%
Short-Term Debt to Total Capital	3.58%	5.68%	117.91%	-1.12%	-0.76%	-1.44%	-0.86%	-0.11%	-0.58%	0.00%	0.00%
Long-Term Debt to Total Capital	215.48%	337.00%	5,825.51%	-82.76%	-118.88%	-319.50%	-354.17%	-69.10%	-1,269.08%	185.63%	206.01%
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%	1,555.53%	-68.70%	-184.50%	-498.61%	-424.39%	-188.70%	-2,125.62%	174.58%	238.09%
Common Equity to Total Capital	-119.07%	-242.69%	-7,398.95%	252.58%	404.15%	919.55%	879.41%	357.92%	3,495.27%	-260.21%	-344.10%
Debt to EBITDA	-1.28	-1.42	-1.22	-0.39	-0.44	-0.50	-0.61	-0.44	-1.00	-1.97	-1.50
Net Debt to EBITDA	-0.82	-1.19	-0.78	-0.34	-0.32	-0.35	-0.40	-0.34	-0.26	-0.54	-0.65
Long-Term Debt to EBITDA	-1.26	-1.40	-1.20	-0.39	-0.44	-0.50	-0.61	-0.44	-1.00	-1.97	-1.50
Debt to NOPAT	-1.90	-1.91	-1.46	-1.64	-2.58	-2.51	-2.87	-2.79	-4.48	-3.10	-2.88
Net Debt to NOPAT	-1.22	-1.60	-0.93	-1.42	-1.86	-1.77	-1.89	-2.20	-1.16	-0.85	-1.25
Long-Term Debt to NOPAT	-1.87	-1.88	-1.43	-1.62	-2.57	-2.50	-2.86	-2.79	-4.48	-3.10	-2.88
Altman Z-Score	-6.32	-8.42	-5.51	-12.40	-10.39	-6.71	-7.14	-14.92	-2.18	0.42	-2.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-10.55%	-28.58%	-70.56%	-88.24%	-79.34%	-91.07%	-126.81%	-152.50%	-140.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.01	1.34	2.68	1.99	2.77	2.05	2.23	1.83	4.94	4.71	3.26
Quick Ratio	1.32	0.67	0.94	0.45	1.19	0.99	1.18	0.61	4.00	3.31	2.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-27	-37	8.64	236	337	173	180	448	257	-162	-286
Operating Cash Flow to CapEx	-460.12%	-1,001.34%	-421.40%	-455.24%	-325.88%	-588.13%	-939.10%	-371.32%	-201.14%	-340.76%	-203.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	3.67	124.96	0.00	-13.21	-23.88
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-1.35	-18.36	0.00	-9.78	-6.02
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-1.49	-23.30	0.00	-12.65	-8.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.11	0.08	0.08	0.07	0.09	0.11	0.23	0.20	0.30	0.34
Accounts Receivable Turnover	2.61	1.87	2.18	2.44	2.24	2.09	4.42	8.18	23.27	29.28	25.38
Inventory Turnover	4.45	6.40	5.45	4.24	3.96	3.86	4.67	4.80	5.62	6.55	6.82
Fixed Asset Turnover	0.50	0.42	0.00	0.42	0.37	0.45	0.00	0.92	1.43	1.69	0.00
Accounts Payable Turnover	3.25	3.58	4.76	5.16	5.31	4.92	4.31	4.63	4.41	6.35	5.42
Days Sales Outstanding (DSO)	139.88	195.00	167.56	149.72	162.84	174.40	82.67	44.62	15.69	12.47	14.38
Days Inventory Outstanding (DIO)	81.96	57.04	66.95	86.14	92.10	94.52	78.15	76.01	64.96	55.72	53.54
Days Payable Outstanding (DPO)	112.20	101.92	76.75	70.75	68.78	74.24	84.61	78.78	82.69	57.47	67.34
Cash Conversion Cycle (CCC)	109.64	150.12	157.76	165.11	186.16	194.68	76.21	41.85	-2.04	10.72	0.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	26	-53	-253	-353	-200	-277	-744	-667	-117	-50
Invested Capital Turnover	0.76	0.64	-0.39	-0.13	-0.09	-0.22	-0.20	-0.13	-0.22	-1.02	-1.31
Increase / (Decrease) in Invested Capital	-2.91	8.70	-29	-273	-373	-226	-225	-491	-314	82	227
Enterprise Value (EV)	303	383	403	965	1,776	1,600	1,991	4,536	4,875	2,435	2,978
Market Capitalization	172	209	264	644	1,059	857	1,165	2,960	3,303	1,684	1,996
Book Value per Share	($0.70)	($0.73)	($0.92)	($2.65)	($4.91)	($4.16)	($4.85)	($8.93)	($7.77)	($2.56)	($3.04)
Tangible Book Value per Share	($0.73)	($0.76)	($0.94)	($2.67)	($4.93)	($4.18)	($4.87)	($8.95)	($7.79)	($2.58)	($3.05)
Total Capital	93	61	2.58	-227	-265	-102	-125	-648	-64	334	300
Total Debt	204	209	153	191	317	329	445	449	813	620	617
Total Long-Term Debt	201	205	150	188	315	327	444	448	813	620	617
Net Debt	131	174	98	165	229	232	293	353	211	169	268
Capital Expenditures (CapEx)	8.14	4.04	6.25	9.76	13	4.92	7.04	18	25	35	35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.12	-8.84	63	51	29	-0.42	-23	-9.57	-37	14	7.04
Debt-free Net Working Capital (DFNWC)	65	26	118	77	117	96	129	86	565	465	356
Net Working Capital (NWC)	61	22	115	74	115	95	128	85	565	465	356
Net Nonoperating Expense (NNE)	12	18	7.85	306	232	-68	178	599	64	-588	217
Net Nonoperating Obligations (NNO)	131	174	98	165	229	232	293	353	210	169	267
Total Depreciation and Amortization (D&A)	2.72	1.50	1.68	3.06	2.90	3.05	3.37	3.83	5.82	6.17	6.81
Debt-free, Cash-free Net Working Capital to Revenue	-49.57%	-62.52%	426.01%	340.68%	183.19%	-2.14%	-67.92%	-15.08%	-32.68%	8.85%	3.29%
Debt-free Net Working Capital to Revenue	395.61%	180.68%	798.34%	512.04%	749.40%	494.70%	381.95%	135.70%	495.01%	289.13%	166.22%
Net Working Capital to Revenue	375.27%	156.23%	777.79%	495.09%	736.49%	487.13%	378.77%	134.55%	494.68%	289.13%	166.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	($0.23)	($0.25)	($1.77)	($2.30)	$0.42	($1.05)	($4.91)	($1.15)	$2.43	($1.20)
Adjusted Weighted Average Basic Shares Outstanding	126.97M	201.31M	211.14M	216.90M	212.04M	225.47M	237.74M	271.62M	260.83M	339.60M	339.80M
Adjusted Diluted Earnings per Share	$0.18	($0.23)	($0.25)	($1.77)	($2.30)	($0.20)	($1.05)	($4.91)	($0.53)	$0.12	($1.20)
Adjusted Weighted Average Diluted Shares Outstanding	126.97M	201.31M	211.14M	216.90M	212.04M	436.37M	237.74M	271.62M	260.83M	544.83M	339.80M
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	202.65M	208.13M	216.71M	217.91M	226.60M	227.59M	259.85M	288.24M	339.43M	339.51M	364.17M
Normalized Net Operating Profit after Tax (NOPAT)	-30	-29	-20	-35	-32	-52	-45	-42	-57	-79	-59
Normalized NOPAT Margin	-447.22%	-435.52%	-2,242.34%	-4,109.34%	-444.88%	-500.66%	-292.40%	-139.11%	-97.57%	-139.11%	-85.30%
Pre Tax Income Margin	-623.33%	-707.21%	-3,136.30%	-40,150.12%	-3,696.68%	144.79%	-1,463.19%	-2,102.09%	-207.67%	893.37%	-400.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-3.41	-176.59	0.00	42.34	-22.33
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-0.91	-11.94	0.00	-6.48	-4.90
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-3.55	-181.54	0.00	39.47	-25.29
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-1.05	-16.88	0.00	-9.35	-7.86
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	-2.18%	0.00%	-2.89%	-3.06%	0.00%	0.00%	0.00%	-0.41%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Eos Energy Enterprises (NASDAQ: EOSE) showed a dramatic year-over-year improvement in Q1 2026 revenue and liquidity, but the business still remains deeply unprofitable and highly dependent on non-operating gains and financing support.

Q1 2026 revenue jumped to $56.96 million, up from $10.46 million in Q1 2025 and far above the sub-$1 million levels seen in 2023-2024. That is a meaningful sign of commercialization progress.
Gross loss improved sharply year over year: Q1 2026 gross loss was $44.4 million, better than the $245.4 million gross loss in Q1 2025 and the much larger losses in 2024.
Cash and equivalents rose to $410.7 million at March 31, 2026, up from $58.7 million at the end of Q3 2025, giving the company a much stronger near-term liquidity position.
Net cash from financing activities was $2.7 million in Q1 2026, helping offset operating and investing outflows and supporting the cash balance.
Compared with the prior year, total assets increased to $799.3 million from $328.2 million in Q3 2025, indicating a materially larger balance sheet.
The company cut operating expenses versus Q1 2025, with SG&A at $24.1 million versus $21.0 million and R&D at $10.7 million versus $6.8 million; while not lower across the board, spending remains controlled relative to the jump in revenue.
Q1 2026 reported net income of $508.9 million, but this was driven by $597.7 million of other income/expense, not core operations. Investors should treat the headline profit cautiously.
Preferred stock dividends and redeemable noncontrolling interests continue to meaningfully affect the reported equity picture and common shareholder economics.
Capital spending remains modest relative to the balance sheet, with $35.1 million in PP&E purchases in Q1 2026.
Operating cash flow was still negative at $(119.7) million in Q1 2026, showing the core business is not yet self-funding.
The company posted a large quarterly operating loss of $(79.3) million, so revenue growth has not yet translated into operating profitability.
Cost of revenue of $101.4 million exceeded revenue by a wide margin, meaning the company is still generating negative gross profit on a quarterly basis.
Long-term debt stood at $619.5 million and total liabilities at $1.09 billion, leaving the capital structure highly leveraged.
Common equity remained negative at $(868.4) million, a sign that accumulated losses and financing structure still weigh heavily on the balance sheet.
Over the last several years, Eos has consistently relied on debt and equity issuance to fund operations, which raises dilution and refinancing risk for existing shareholders.

Bottom line: Eos Energy is showing real top-line traction and much better liquidity than a year ago, which is encouraging. But the company still has significant operating losses, negative operating cash flow, and a fragile capital structure. For retail investors, the key question is whether revenue growth can keep accelerating fast enough to close the gap between sales and production costs before the next funding need.

08/23/26 02:57 AM ETAI Generated. May Contain Errors.

Eos Energy Enterprises Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Eos Energy Enterprises' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Eos Energy Enterprises' net income appears to be on an upward trend, with a most recent value of -$969.65 million in 2025, rising from -$79.48 million in 2019. The previous period was -$685.87 million in 2024. See where experts think Eos Energy Enterprises is headed by visiting Eos Energy Enterprises' forecast page.

Eos Energy Enterprises' total operating income in 2025 was -$259.27 million, based on the following breakdown:

Total Gross Profit: -$143.84 million
Total Operating Expenses: $115.43 million

Over the last 6 years, Eos Energy Enterprises' total revenue changed from $496 thousand in 2019 to $114.20 million in 2025, a change of 22,924.8%.

Eos Energy Enterprises' total liabilities were at $1.76 billion at the end of 2025, a 109.3% increase from 2024, and a 1,916.3% increase since 2019.

In the past 6 years, Eos Energy Enterprises' cash and equivalents has ranged from $862 thousand in 2019 to $567.99 million in 2025, and is currently $567.99 million as of their latest financial filing in 2025.

Over the last 6 years, Eos Energy Enterprises' book value per share changed from -46.74 in 2019 to -7.77 in 2025, a change of -83.4%.

Related Companies

Financial statements for NASDAQ:EOSE last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Eos Energy Enterprises (EOSE) Financials

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Eos Energy Enterprises (EOSE) Financials

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When does Eos Energy Enterprises' financial year end?

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How has Eos Energy Enterprises' revenue changed over the last 6 years?

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