Eos Energy Enterprises, Inc. (EOSE) financials
NASDAQ · Industrials · Electrical Equipment & Parts · 787 employees · CEO Joseph R. Mastrangelo Jr.
- Price
- $1.89 -4.55%
- Market cap
- $684M
- Enterprise value
- $975M
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-05 EPS est. -$0.24
Revenue (TTM)$214M+533.9% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-142.4%+513.8 pp vs a year agoOperating income -$305M
Net income (TTM)-$529M+35.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$421M-93.9% vs a year agoCapex $112M
Diluted EPS (TTM)-$6.83-41.7% vs a year agoSum of the last 4 quarters
Net cash-$292M+11.1% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $684M EV $975M
- Revenue
- $214M Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- -246.8% Net income / revenue, TTM
- P/E
- -0.4×
- P/S
- 3.2× Price / sales, TTM
- EV / EBITDA
- -9.1× TTM
- Free cash flow
- -$421M Trailing 12 months
- Net income
- -$529M Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2026-11-05 Revenue est. $81.6M
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-05): revenue beat by 0.7%, EPS missed by 541.1%Revenue $68.8M vs $68.3M expected (+0.7%); EPS -$1.20 vs -$0.19 (-541.1%).
- Revenue growth slowing: 351.4% year on yearQ2 '26 revenue $68.8M, against an average of 1,553.5% over the four quarters before.
- Operating margin -142.4% (TTM), +513.8 pp on a year agoOperating income grew -37.6% while revenue grew 533.9%.
- Capex 52.4% of revenue (a year ago 103.1%)$112M invested in the last 4 quarters (+222.3% on a year earlier). Free cash flow -$421M.
- Diluted share count up 42.9% in a year340M diluted shares in Q2 '26, 238M a year earlier.
- Net debt $292MCash + short-term investments $349M, debt incl. leases $641M; a year ago net debt $328M.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $68.8M | $15.2M | +351.4% |
| Gross margin | -71.0% | -203.2% | +132.2 pp |
| Operating income | -$83.8M | -$63.8M | -31.3% |
| Operating margin | -121.9% | -419.1% | +297.2 pp |
| Net income | -$276M | -$223M | -23.7% |
| Diluted EPS | -$1.20 | -$1.05 | -14.3% |
| Operating cash flow | -$72.6M | -$66.1M | -9.8% |
| Capex | $35.4M | $7.04M | +403.0% |
| Free cash flow | -$108M | -$73.2M | -47.6% |
| R&D | $10.5M | $7.2M | +45.9% |
| Stock-based compensation | $6.18M | $7.13M | -13.2% |
Reported vs consensus
2026-08-05| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $68.8M | $68.3M | +0.7% |
| EPS (as estimated) | -$1.20 | -$0.19 | -541.1% |
From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Reportable Segment | – | – | – | – | – | |
| Product | – | – | – | – | – | |
| Service | $1.03M | – | 100.0% | – | – |
Revenue by region
share of total| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $68.5M | – | 99.6% | – | – | |
| Other Countries | $302K | – | 0.4% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- -$308M
- Capex
- -$112M
- Buybacks
- $488K
- Dividends
- $0
- Acquisitions
- $0
- Net debt issued
- -$62.7M
- Stock-based compensation
- $27.2M
- Free cash flow
- -$421M
- Returned to shareholders / FCF
- 0.1%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -0.4× | – | – |
| EV / EBITDA | -9.1× | – | – |
| EV / Sales | 4.6× | 45.9× | 14.3× – 88.0× |
| Price / FCF | -1.6× | – | – |
| Price / Book | -2.0× | 12.2× 1 of 5 years | 12.2× – 12.2× |
| FCF yield | -61.6% | -84.2% | -234.7% – -8.9% |
| Return on invested capital | -40.6% | -150.0% | -418.4% – -34.6% |
| Return on equity | 55.6% | 34.4% | -382.8% – 207.1% |
Analysts
Consensus target $7.10 (+275.7%)
range $4.50 – $10.00 · rating Hold
Strong buy0
Buy4
Hold7
Sell0
Strong sell0
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 277 figures Eos Energy Enterprises, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $106M | $39.7M | +165.8% | $99.9M | $16.7M | +497.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.83M2026-03-31 | $7.15M | -46.4% | $6.78M | $3.04M | +123.1% |
| Accounts Receivable, Allowance for Credit Loss | $255K2025-12-31 | $40K | +537.5% | $255K | $40K | +537.5% |
| Accrued Liabilities, Current | $42.5M | $23.6M | +79.6% | $25.8M | $22M | +17.1% |
| Accrued Professional Fees, Current | $3.36M | $3.24M | +3.8% | $1.57M | $1.71M | -8.1% |
| Accrued Salaries, Current | $10.3M | $6.9M | +49.1% | $4.47M | $4.81M | -7.1% |
| Additional Paid in Capital | $1.41B | $721M | +95.2% | $428M | $535M | -20.0% |
| Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt | $133M | – | – | – | – | – |
| Adjustments to Additional Paid in Capital, Fair Value | $133M2026-06-03 | – | – | – | – | – |
| Adjustments to Additional Paid in Capital, Warrant Issued | – | – | – | $7.29M | – | – |
| Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | $585M2025-09-30 | – | – | $549M2024-12-31 | – | – |
| Amortization of Debt Discount (Premium) | $402K | $0 | – | $181K | $0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $6.03M | $6.66M | -9.5% | $23.9M | $18.5M | +28.9% |
| Assets | $907M | $361M | +151.2% | $885M | $260M | +240.0% |
| Assets, Current | $514M | $232M | +121.3% | $708M | $180M | +293.8% |
| Capital Expenditures Incurred but Not yet Paid | $1.25M | $13.1M | -90.5% | $22.3M | $1.3M | +1,620.1% |
| Capitalized Computer Software, Additions | $912K2025-09-30 | $0 | – | $34K2024-12-31 | – | – |
| Capitalized Computer Software, Amortization | $91K2026-03-31 | $24K | +279.2% | $174K | $90K | +93.3% |
| Capitalized Computer Software, Gross | $1.08M2025-09-30 | $146K | +642.5% | $172K2024-12-31 | $138K | +24.6% |
| Capitalized Contract Cost, Net, Current | $15.9M | $14.6M | +8.7% | $14M | $13.1M | +6.7% |
| Cash and Cash Equivalents, at Carrying Value | $305M | $120M | +154.1% | $568M | $74.3M | +664.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $364M | $183M | +98.8% | $625M | $103M | +504.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$108M | $71.5M | -251.5% | $521M | $18.7M | +2,687.9% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | – | – | – | $11.502020-05-22 | – | – |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | – | – | – | 9.08M2020-05-22 | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 5.18M2025-12-31 | 4.55M | +13.8% | 5.18M | 4.55M | +13.8% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 800M | 600M | +33.3% | 600M | 600M | 0.0% |
| Common Stock, Shares, Issued | 341M | 256M | +32.8% | 337M | 222M | +52.0% |
| Common Stock, Shares, Outstanding | 341M | 256M | +32.8% | 337M | 222M | +52.0% |
| Common Stock, Value, Issued | $32K | $25K | +28.0% | $32K | $23K | +39.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$452M | -$255M | -77.2% | -$1.83B | -$1.01B | -81.8% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $22.9M | $16.6M | +37.8% | $15.5M | $14.1M | +10.2% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $15.9M | $14.6M | +8.7% | $14M | $13.1M | +6.7% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent | $6.97M | $1.99M | +251.1% | $1.52M | $963K | +57.4% |
| Contract with Customer, Liability | $9.89M | $39.5M | -75.0% | $17.5M | $26.3M | -33.7% |
| Contract with Customer, Liability, Current | $7.91M | $37.4M | -78.9% | $15M | $22M | -32.1% |
| Contract with Customer, Liability, Noncurrent | $1.97M | $2.1M | -6.0% | $2.51M | $4.31M | -41.9% |
| Contract with Customer, Liability, Revenue Recognized | -$395K | -$6.12M | +93.5% | $22.1M | $2.8M | +690.8% |
| Contract with Customer, Receivable, after Allowance for Credit Loss, Noncurrent | $6.97M | – | – | – | – | – |
| Cost of Goods and Services Sold | $118M | $46.2M | +154.6% | $258M | $98.9M | +161.0% |
| Costs and Expenses | $35M | $32.9M | +6.4% | $115M | $91.9M | +25.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $24K | $21K | +14.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $24K | $21K | +14.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Debt Issuance Costs, Noncurrent, Net | $8.99M | – | – | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Capital Loss Carryforwards | $228K2025-12-31 | $235K | -3.0% | $228K | $235K | -3.0% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $5.16M2025-12-31 | $6.11M | -15.5% | $5.16M | $6.11M | -15.5% |
| Deferred Tax Assets, Gross | $334M2025-12-31 | $223M | +49.7% | $334M | $223M | +49.7% |
| Deferred Tax Assets, in Process Research and Development | $7.01M2025-12-31 | $9.74M | -28.0% | $7.01M | $9.74M | -28.0% |
| Deferred Tax Assets, Inventory | $1.13M2025-12-31 | $1.71M | -33.8% | $1.13M | $1.71M | -33.8% |
| Deferred Tax Assets, Net | $02025-12-31 | $0 | – | $0 | $0 | – |
| Deferred Tax Assets, Net of Valuation Allowance | $6.68M2025-12-31 | $895K | +646.4% | $6.68M | $895K | +646.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $292M2025-12-31 | $179M | +63.6% | $292M | $179M | +63.6% |
| Deferred Tax Assets, Other | $62K2025-12-31 | $10K | +520.0% | $62K | $10K | +520.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02