Eos Energy Enterprises (EOSE) financial statements
Eos Energy Enterprises reported revenue of $114M in fiscal 2025, up 147.6% a year over 6 years.
Net income was -$970M and the operating margin -227.0%, against -5409.7% in 2019.
Free cash flow was -$266M.
The diluted share count rose 6536% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Eos Energy Enterprises's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $496,000 | $219,000 | $5M | $18M | $16M | $16M | $114M |
| Cost of revenue | $8M | $6M | $46M | $153M | $90M | $99M | $258M |
| Gross profit | -$8M | -$5M | -$42M | -$135M | -$73M | -$83M | -$144M |
| Research and development | $12M | $14M | $19M | $18M | $19M | $23M | $29M |
| Selling, general and admin | $7M | $18M | $43M | $61M | $54M | $60M | $85M |
| Operating income | -$27M | -$39M | -$135M | -$221M | -$153M | -$175M | -$259M |
| Interest expense | $50M | $24M | $2M | — | $57M | $29M | $29M |
| Pre-tax income | -$79M | -$71M | -$124M | -$230M | -$229M | -$686M | -$970M |
| Income tax | $0 | $0 | $0 | $51,000 | $31,000 | $21,000 | $24,000 |
| Net income | -$79M | -$71M | -$124M | -$230M | -$230M | -$686M | -$970M |
| EPS (diluted) | -$20.22 | -$7.51 | -$2.36 | -$3.68 | -$1.81 | -$4.55 | -$6.69 |
| Diluted shares | 4M | 9M | 53M | 62M | 127M | 212M | 261M |
| Gross margin | -1579.8% | -2415.5% | -910.9% | -755.1% | -448.3% | -533.5% | -125.9% |
| Operating margin | -5409.7% | -17661.6% | -2930.1% | -1234.4% | -933.8% | -1122.6% | -227.0% |
| Net margin | -16024.8% | -32257.1% | -2701.5% | -1282.2% | -1401.3% | -4394.9% | -849.1% |
Balance sheet
Fiscal years, from Eos Energy Enterprises's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $862,000 | $122M | $105M | $17M | $69M | $74M | $568M |
| Receivables | — | $0 | $2M | $2M | $3M | $3M | $7M |
| Inventory | $0 | $214,000 | $13M | $23M | $17M | $33M | $59M |
| Total current assets | $6M | $127M | $143M | $55M | $122M | $180M | $708M |
| Property, plant and equipment | $5M | $6M | $13M | $27M | $38M | $46M | $114M |
| Goodwill | — | $0 | $4M | $4M | $4M | $4M | $4M |
| Total assets | $13M | $138M | $169M | $107M | $186M | $260M | $885M |
| Total current liabilities | $87M | $14M | $30M | $61M | $61M | $65M | $144M |
| Long-term debt | $0 | $427,000 | $5M | $170M | $201M | $315M | $813M |
| Total liabilities | $87M | $17M | $137M | $239M | $297M | $842M | $1.8B |
| Shareholders' equity | -$184M | $121M | $32M | -$133M | -$111M | -$1.1B | -$2.2B |
| Net debt | $76M | -$121M | -$98M | $159M | $134M | $243M | $245M |
Cash flow
Fiscal years, from Eos Energy Enterprises's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$24M | -$27M | -$116M | -$197M | -$145M | -$154M | -$211M |
| Capital spending | $2M | $4M | $16M | $20M | $29M | $33M | $55M |
| Free cash flow | -$26M | -$30M | -$132M | -$217M | -$174M | -$187M | -$266M |
| Stock-based compensation | $135,000 | $5M | $15M | $14M | $14M | $19M | $25M |
| Free cash flow margin | -5268.8% | -13773.5% | -2865.1% | -1210.3% | -1064.5% | -1199.0% | -232.8% |
Questions
What was Eos Energy Enterprises's revenue in 2025?
$114M in fiscal 2025, from its 10-K filing.
How much free cash flow does Eos Energy Enterprises generate?
-$266M in fiscal 2025 (operating cash flow minus capital spending).
From Eos Energy Enterprises's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.