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EOSE

Eos Energy Enterprises, Inc.

EOSE

Eos Energy Enterprises, Inc. • NASDAQ
$15.05 ▲ 5.91% (+0.84)
Market Cap $3.59 B
52w High $19.86
52w Low $2.82
Dividend Yield 0%
P/E -1.81
Volume 6.66M
Outstanding Shares 238.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $30.512M ▲ $27.296M ▼ $-641.393M ▼ -2.102K% ▼ $-4.91 ▼ $-634.033M ▼
Q2-2025 $15.236M ▲ $32.894M ▲ $-222.937M ▼ -1.463K% ▼ $-1.05 ▼ $-60.722M ▼
Q1-2025 $10.457M ▲ $28.393M ▲ $15.136M ▲ 144.745% ▲ $0.42 ▲ $-49.705M ▲
Q4-2024 $7.253M ▲ $28.201M ▼ $-268.124M ▲ -3.697K% ▲ $-2.22 ▼ $-259.314M ▼
Q3-2024 $854K $28.416M $-342.866M -40.148K% $-1.77 $-47.455M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $58.733M ▼ $328.21M ▼ $1.425B ▼ $-1.097B ▲
Q2-2025 $120.225M ▲ $360.995M ▲ $1.464B ▲ $-1.103B ▼
Q1-2025 $82.553M ▲ $263.283M ▲ $1.205B ▼ $-942.183M ▲
Q4-2024 $74.292M ▲ $260.318M ▲ $1.331B ▲ $-1.07B ▼
Q3-2024 $23.015M $216.841M $790.597M $-573.756M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.332B ▼ $-65.88M ▲ $-17.757M ▼ $27.259M ▼ $-56.376M ▼ $-82.725M ▼
Q2-2025 $-222.937M ▼ $-66.122M ▼ $-7.041M ▼ $144.658M ▲ $71.481M ▲ $-73.163M ▼
Q1-2025 $15.136M ▲ $-28.924M ▲ $-4.918M ▲ $42.162M ▼ $8.332M ▼ $-33.842M ▲
Q4-2024 $-268.124M ▲ $-42.684M ▲ $-13.124M ▼ $128.549M ▲ $72.722M ▲ $-55.808M ▼
Q3-2024 $-342.866M $-44.445M $-9.763M $27.261M $-26.939M $-54.208M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $10.00M ▲$20.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Eos looks like a company still in the early commercialization stage, not yet a mature manufacturer. Revenue remains very small and has not really grown, which suggests sales are still limited and lumpy rather than recurring and scaled. At the same time, the cost to build and deliver its systems is much higher than what it currently earns, so gross margins are meaningfully negative. Operating losses and overall net losses are large and persistent, and they have been widening more recently. This pattern is typical of a company heavily investing ahead of revenue, but it also signals that the business model has not yet proven it can generate profits at scale. The path to break-even will likely require both much higher sales volumes and better manufacturing efficiency.

Balance Sheet

Balance Sheet The balance sheet shows a company under financial strain. Total assets are modest, with only a relatively small cash cushion. Debt has grown over time and now sits above the level of recorded assets, while shareholder equity has turned meaningfully negative. In plain language, obligations to lenders and other creditors exceed the company’s net asset base, which is a sign of a highly stressed capital structure. This leaves Eos dependent on continued support from lenders and/or new equity funding and limits its margin for error if operating results remain weak or if the market for new capital becomes less accommodating.

Cash Flow

Cash Flow Cash flow from operations has been consistently and meaningfully negative for several years, reflecting ongoing losses and heavy spending on building out the business. Capital spending is smaller than the operating burn but still adds to total cash outflows, so free cash flow is firmly negative. The company is not funding itself through its own operations; instead, it must rely on outside financing to keep investing and to cover day‑to‑day needs. Unless operating cash burn narrows or additional capital is raised on acceptable terms, liquidity could become a critical constraint.

Competitive Edge

Competitive Edge Strategically, Eos is positioned in a promising corner of the energy transition: long‑duration grid storage. Its zinc‑based technology targets use cases where lithium‑ion is less optimized, such as multi‑hour discharge for utilities and large commercial users. The company’s focus on safety, non‑flammable chemistry, and domestic supply chains aligns well with regulatory and policy trends. However, Eos is still small in a market that includes much larger, better‑capitalized players and multiple competing technologies. Commercial traction is emerging but not yet broad or proven at scale, and customers in this space tend to be conservative and sensitive to performance guarantees and bankability. This creates both a meaningful upside opportunity if adoption accelerates and a material competitive risk if rivals scale faster or if project financiers remain cautious about newer chemistries.

Innovation and R&D

Innovation and R&D Innovation is the core strength of Eos. Its proprietary aqueous zinc technology, next‑generation Z3 system, and focus on integrated hardware‑plus‑software (including the DawnOS platform and in‑house battery management system) give it a clearly differentiated technical story. The emphasis on recyclable, abundant materials and U.S. manufacturing adds an ESG and policy tailwind. At the same time, the company is running multiple complex tracks at once: scaling new chemistry, building factories, automating production, and developing software. Each of these carries execution, timing, and cost‑overrun risk. The heavy cash burn visible in the financials reflects this aggressive R&D and scale‑up push, which could pay off if the technology is widely adopted, but could also be painful if commercialization is slower than planned.

Summary

Eos is a classic high‑risk, high‑uncertainty early‑stage industrial innovator. On one hand, it has a differentiated, potentially attractive technology aimed at a growing need—reliable, long‑duration energy storage that is safer and more sustainable than many current options. Its innovation pipeline, manufacturing build‑out, and niche focus give it a compelling strategic narrative. On the other hand, the financials are weak: minimal revenue, large and widening losses, a highly leveraged and negative‑equity balance sheet, and ongoing heavy cash burn. The company’s future will largely depend on its ability to scale production, prove long‑term performance and reliability of its batteries in the field, reduce costs, and secure sufficient capital to bridge the gap to self‑sustaining operations. The opportunity is significant, but so are the execution and financing risks, and outcomes could vary widely from very successful to severely constrained depending on how these factors play out.

NEWS

November 18, 2025 · 4:20 PM UTC

Eos Energy Enterprises, Inc. Announces Proposed Registered Direct Offering of Common Stock to Fund Repurchase of Convertible Senior Notes

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October 31, 2025 · 9:10 AM UTC

Eos Energy Secures Strategic 228 MWh Order from Frontier Power Under Existing 5 GWh Framework Agreement & Achieves Final Cerberus Milestone

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October 27, 2025 · 5:28 PM UTC

Eos Energy Enterprises Announces Date for Third Quarter 2025 Financial Results and Conference Call

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October 21, 2025 · 8:20 AM UTC

Eos Energy and Talen Energy Announce Strategic Collaboration to Advance Power Capacity for AI Infrastructure in Pennsylvania

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October 21, 2025 · 8:18 AM UTC

MN8 Energy Signs Supply Agreement with Eos Energy to Deploy Up to 750 MWh of American-Made Long Duration Energy Storage Across Renewable Projects

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