EOSE on Nasdaq
Eos Energy Enterprises, Inc.
American miscellaneous electrical machinery company based in Edison.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Byrna Technologies Inc., Gauzy Ltd. or Blink, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-125.9%Gross margin3
-227.0%Operating margin3
-849.1%Net margin3
631.8%Revenue growth, 20253
-$265.0MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 98% of the revenue Eos Energy Enterprises, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $14.5M | $112.0M |
| Service | $1.1M | $2.2M |
Regions
United States brought in 81% of the revenue Eos Energy Enterprises, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $15.6M | $92.7M |
| United Kingdom | $0 | $21.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue69¢$258.0M
- Research and development8¢$28.5M
- Selling, general and admin23¢$85.1M
- Income tax0¢$24.0K
Out of $114.2M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $114.2M | $15.6M |
| Cost of goods sold | $258.0M | $98.9M |
| Gross profit (loss) | -$143.8M | -$83.3M |
| Research and development expenses | $28.5M | $22.8M |
| Selling, general and administrative expenses | $85.1M | $60.0M |
| Loss from write-down of property, plant and equipment | $1.8M | $9.1M |
| Total operating expenses | $115.4M | $91.9M |
| Operating income (loss) | -$259.3M | -$175.2M |
| Change in fair value of debt - related party | $18.1M | $33.8M |
| Change in fair value of warrants | -$279.9M | -$171.2M |
| (Loss) gain on debt extinguishment | -$52.7M | $68.5M |
| Induced conversion expense | -$63.5M | $0 |
| Other expense | -$2.4M | -$8.1M |
| Loss before income taxes | -$969.6M | -$685.8M |
| Income tax expense | $24.0K | $21.0K |
| Net loss attributable to shareholders | -$969.6M | -$685.9M |
| Remeasurement of Preferred Stock - related party | -$770.7M | -$278.3M |
| Down round deemed dividend | -$4.5M | $0 |
| Net loss attributable to common shareholders | -$1.7B | -$964.2M |
| Change in fair value of debt - credit risk - related party | -$87.3M | -$43.5M |
| Foreign currency translation adjustment | $16.0K | -$13.0K |
| Comprehensive loss attributable to common shareholders | -$1.8B | -$1.0B |
| Basic (in dollars per share) | -$6.69 | -$4.55 |
| Diluted (in dollars per share) | -$6.69 | -$4.55 |
| Basic (in shares) | 260.8M shares | 212.0M shares |
| Diluted (in shares) | 260.8M shares | 212.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $568.0M | $74.3M | |
| Restricted cash | $34.6M | $14.1M | |
| Loan commitment assets - related party | $0 | $21.7M | |
| Accounts receivable, net | $6.8M | $3.0M | |
| Inventory | $59.0M | $32.8M | |
| Vendor deposits | $11.8M | $17.4M | |
| Contract assets, current | $14.0M | $13.1M | |
| Prepaid expenses | $2.7M | $938.0K | |
| Grant receivable, net | $11.0M | $2.3M | |
| Other current assets | $590.0K | $219.0K | |
| Total current assets | $708.5M | $179.9M | |
| Property, plant and equipment, net | $114.4M | $45.7M | |
| Intangible assets, net | $979.0K | $240.0K | |
| Goodwill | $4.3M | $4.3M | |
| Operating lease right-of-use asset, net | $20.4M | $2.9M | |
| Long-term restricted cash | $21.9M | $15.0M | |
| Other assets, net | $14.6M | $12.3M | |
| Total assets | $885.2M | $260.3M | |
| Accounts payable | $99.9M | $16.7M | |
| Accrued expenses | $25.8M | $22.0M | |
| Operating lease liability, current | $2.0M | $1.9M | |
| Long-term debt, current | $372.0K | $2.0M | |
| Contract liabilities, current | $15.0M | $22.0M | |
| Other current liabilities | $524.0K | $288.0K | |
| Total current liabilities | $143.5M | $65.0M | |
| Operating lease liability | $19.2M | $1.6M | |
| Long-term debt | $662.5M | $65.8M | |
| Notes payable - related party | $150.4M | $249.1M | |
| Contract liabilities, long-term | $2.5M | $4.3M | |
| Other liabilities | $427.0K | $69.0K | |
| Total long-term liabilities | $1.6B | $777.1M | |
| Total liabilities | $1.8B | $842.1M | |
| Common Stock, $0.0001 par value, 600,000,000 shares authorized, 337,132,374 and 221,791,205 shares outstanding at December 31, 2025 and 2024, respectively | $32.0K | $23.0K | |
| Additional paid in capital | $427.7M | $534.7M | |
| Accumulated deficit | -$2.5B | -$1.6B | |
| Total shareholders' deficit | -$2.2B | -$1.1B | -$110.8M |
| Total liabilities, preferred stock and shareholders' deficit | $885.2M | $260.3M | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 600.0M shares | 600.0M shares | |
| Common stock, shares issued (in shares) | 337.1M shares | 221.8M shares | |
| Common stock, shares outstanding (in shares) | 337.1M shares | 221.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $568.0M | $74.3M | |
| Restricted cash | $34.6M | $14.1M | |
| Loan commitment assets - related party | $0 | $21.7M | |
| Accounts receivable, net | $6.8M | $3.0M | |
| Inventory | $59.0M | $32.8M | |
| Vendor deposits | $11.8M | $17.4M | |
| Contract assets, current | $14.0M | $13.1M | |
| Prepaid expenses | $2.7M | $938.0K | |
| Grant receivable, net | $11.0M | $2.3M | |
| Other current assets | $590.0K | $219.0K | |
| Total current assets | $708.5M | $179.9M | |
| Property, plant and equipment, net | $114.4M | $45.7M | |
| Intangible assets, net | $979.0K | $240.0K | |
| Goodwill | $4.3M | $4.3M | |
| Operating lease right-of-use asset, net | $20.4M | $2.9M | |
| Long-term restricted cash | $21.9M | $15.0M | |
| Other assets, net | $14.6M | $12.3M | |
| Total assets | $885.2M | $260.3M | |
| Accounts payable | $99.9M | $16.7M | |
| Accrued expenses | $25.8M | $22.0M | |
| Operating lease liability, current | $2.0M | $1.9M | |
| Long-term debt, current | $372.0K | $2.0M | |
| Contract liabilities, current | $15.0M | $22.0M | |
| Other current liabilities | $524.0K | $288.0K | |
| Total current liabilities | $143.5M | $65.0M | |
| Operating lease liability | $19.2M | $1.6M | |
| Long-term debt | $662.5M | $65.8M | |
| Notes payable - related party | $150.4M | $249.1M | |
| Contract liabilities, long-term | $2.5M | $4.3M | |
| Other liabilities | $427.0K | $69.0K | |
| Total long-term liabilities | $1.6B | $777.1M | |
| Total liabilities | $1.8B | $842.1M | |
| Common Stock, $0.0001 par value, 600,000,000 shares authorized, 337,132,374 and 221,791,205 shares outstanding at December 31, 2025 and 2024, respectively | $32.0K | $23.0K | |
| Additional paid in capital | $427.7M | $534.7M | |
| Accumulated deficit | -$2.5B | -$1.6B | |
| Total shareholders' deficit | -$2.2B | -$1.1B | -$110.8M |
| Total liabilities, preferred stock and shareholders' deficit | $885.2M | $260.3M | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 600.0M shares | 600.0M shares | |
| Common stock, shares issued (in shares) | 337.1M shares | 221.8M shares | |
| Common stock, shares outstanding (in shares) | 337.1M shares | 221.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$969.6M | -$685.9M |
| Stock-based compensation | $24.9M | $18.8M |
| Depreciation and amortization | $14.2M | $7.9M |
| Loss from write-down of property, plant and equipment | $1.8M | $9.1M |
| Amortization of right-of-use assets | $1.9M | $1.2M |
| (Gain) loss on debt extinguishment | $52.7M | -$68.5M |
| Induced conversion expense | $63.5M | $0 |
| Change in fair value of debt - related party | -$18.1M | -$33.8M |
| Change in fair value of warrants | $279.9M | $171.2M |
| Other | -$96.0K | $13.0M |
| Prepaid expenses | -$1.8M | $144.0K |
| Inventory | -$22.4M | -$20.5M |
| Accounts receivable | -$4.0M | $349.0K |
| Vendor deposits | -$2.9M | $350.0K |
| Contract assets | -$1.7M | -$5.7M |
| Grant receivable | -$8.7M | $973.0K |
| Accounts payable | $62.1M | -$4.6M |
| Accrued expenses | $3.3M | -$14.7M |
| Operating lease liabilities | -$1.8M | -$1.4M |
| Contract liabilities | -$8.9M | $19.7M |
| Other receivables | $0 | $7.5M |
| Other | -$1.2M | $640.0K |
| Net cash used in operating activities | -$211.2M | -$153.9M |
| Investment in internally developed software | -$913.0K | -$34.0K |
| Purchases of property, plant and equipment | -$53.8M | -$33.2M |
| Net cash used in investing activities | -$54.7M | -$33.2M |
| Proceeds received from Credit and Securities Purchase Transaction, net - related party | $38.5M | $160.3M |
| Proceeds received from DOE Loan, net of fees paid to lender | $22.7M | $66.6M |
| Payoff of Senior Secured Term Loan | $0 | -$19.9M |
| Payoff of Notes Payable - related party | -$180.9M | $0 |
| Repurchase of May 2025 Convertible Notes | -$558.2M | $0 |
| Return of debt repurchase premium | $5.0M | $0 |
| Principal payments on finance lease obligations | -$57.0K | -$99.0K |
| Repayment of equipment financing facility | -$1.6M | -$3.3M |
| Proceeds from issuance of common stock | $539.3M | $14.1M |
| Proceeds from exercise of stock options | $2.5M | $56.0K |
| Proceeds from exercise of warrants | $108.6M | $7.5M |
| Repurchase of shares from employees for income tax withholding purposes | -$488.0K | -$1.2M |
| Net cash provided by financing activities | $787.1M | $205.8M |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | -$3.0K | -$17.0K |
| Net increase in cash, cash equivalents and restricted cash | $521.2M | $18.7M |
| Right-of-use operating lease assets in exchange for lease liabilities | $19.4M | $109.0K |
| Fixed assets acquired with finance lease | $252.0K | $0 |
| Accrued and unpaid debt issuance costs | $519.0K | $3.3M |
| Accrued and unpaid capital expenditures | $22.3M | $1.3M |
| Remeasurement of preferred stock - related party | $770.7M | $278.3M |
| Issuance of convertible notes for interest paid-in-kind - related parties | $3.0M | $12.0M |
| Issuance of common stock upon settlement of AFG Convertible Notes | $148.1M | $0 |
| Paid-in kind interest added to principal | $3.6M | $0 |
| Down round deemed dividend | $4.5M | $0 |
| Issuance of DOE Warrants | $7.3M | $0 |
| Cash paid for interest | $8.4M | $4.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Eos Energy Enterprises, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerDaniel Shribman May 19, 2020 to May 19, 202011
- Chief executive officerJoe Mastrangelo Nov 23, 2020 to now12
- Chief financial officerAlessandro Lagi Jun 9, 2026 to now13
- Chief financial officerEric M. Javidi Mar 19, 2025 to Jun 9, 202614
- Chief financial officerNathan Kroeker Jan 24, 2023 to Mar 19, 202515
- Chief financial officerRandall B. Gonzales Jan 12, 2022 to Jan 13, 202316
- Chief financial officerDaniel Shribman May 19, 2020 to May 19, 202011
- Chief financial officerSagar Kurada Nov 25, 2020 to Jan 5, 202217
- Chief operating officerMarkopoulos Anne Jody Mar 31, 2021 to Mar 31, 202118
Board members and other officers (30)
- Chief Commercial OfficerNathan Kroeker May 12, 2025 to now19
- Chief Administration OfficerMichelle Buczkowski Nov 13, 2025 to now20
- Chief Accounting OfficerSumeet Puri Sep 7, 2023 to now21
- Chief Accounting OfficerJohn J. Tedone Feb 14, 2022 to Feb 16, 202322
- Chief Commercial OfficerBalakrishnan Gopalan Iyer Nov 25, 2020 to Nov 25, 202023
- Chief Accounting officerFabian Celestin Strauss Nov 25, 2020 to Nov 25, 202024
- Chief Strategic Alliance Off.Mack Treece Nov 25, 2020 to Feb 16, 202125
- Board memberHaiyan Song Jul 15, 2026 to now26
- Board memberJoseph Nigro Mar 28, 2025 to now27
- Board memberGregory S. Nixon Aug 9, 2024 to now28
- Board memberDavid Urban Dec 17, 2024 to now29
- Board memberJeff McNeil Oct 10, 2023 to now30
- Board memberJeffrey S. Bornstein Sep 9, 2022 to now31
- Board memberClaude Demby Aug 31, 2021 to now32
- Board memberBryant R. Riley May 19, 2020 to May 19, 202033
- Board memberDaniel Shribman May 19, 2020 to May 23, 202211
- Board memberJames L. Kempner May 19, 2020 to May 19, 202034
- Board memberKenneth M. Young May 19, 2020 to May 19, 202035
- Board memberPatrick J. Bartels Jr. May 19, 2020 to May 19, 202036
- Board memberRobert Suss May 19, 2020 to May 19, 202037
- Board memberTimothy M. Presutti May 19, 2020 to May 19, 202038
- Board memberJoe Mastrangelo Nov 23, 2020 to now12
- Board memberAudrey Ann Zibelman Nov 25, 2020 to May 2, 202439
- Board memberKrishna Pal Singh Nov 27, 2020 to Mar 30, 202240
- Board memberRussell Monoki Stidolph Nov 27, 2020 to now41
- Board memberAlexander Dimitrief Dec 10, 2020 to now42
- Board memberMarian Walters Dec 10, 2020 to now43
- General counselMarie Batz Martin Jul 15, 2026 to now44
- General counselMichael W. Silberman Mar 27, 2024 to now45
- General counselMelissa Berube Feb 17, 2022 to Jan 30, 202446
Former names
- B. Riley Principal Merger Corp. IIMar 2, 2020 to Nov 13, 20202
Timeline
Filings
590 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 110 major events, 254 insider forms, 43 large holders, 3 private raises, 159 other. The latest 20:
- Sep 22, 2026144 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20268-K/A EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 20268-K EDGAR
- Sep 9, 2026144 EDGAR
- Sep 9, 20264 EDGAR
- Aug 31, 2026S-3ASR EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 25, 20268-K EDGAR
- Aug 6, 20264 EDGAR
- Aug 6, 20264 EDGAR
The 590 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 43 such filings since October 2021, the latest 10:
- Aug 6, 2026SCHEDULE 13D/A
- Jul 28, 2026SCHEDULE 13G/A
- Jul 9, 2026SCHEDULE 13D/A
- Jul 2, 2026SCHEDULE 13D/A
- May 14, 2026SCHEDULE 13D/A
- Apr 29, 2026SCHEDULE 13G
- Apr 20, 2026SCHEDULE 13D/A
- Mar 26, 2026SCHEDULE 13G/A
- Feb 13, 2026SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 27,130,305 | $159.5M | 0.0% | +3,046,526 |
| Vanguard Capital Management LLC | 15,021,392 | $88.3M | 0.0% | +185,955 |
| Hudson Bay Capital Management LP | 13,683,634 | $80.5M | 0.4% | New |
| Driehaus Capital Management LLC | 13,556,010 | $79.7M | 0.5% | −1,313,160 |
| Two Sigma Investments, LP | 12,783,883 | $75.2M | 0.1% | −1,290,118 |
| State Street Corp | 10,154,935 | $59.7M | 0.0% | +2,137,005 |
| Susquehanna International Group, Llp | 9,683,190 | $56.9M | 0.1% | +3,332,709 |
| Geode Capital Management, LLC | 8,894,922 | $52.3M | 0.0% | +1,082,028 |
| Electron Capital Partners, LLC | 6,681,859 | $39.3M | 1.6% | +1,302,198 |
| Morgan Stanley | 5,313,829 | $31.2M | 0.0% | +2,353,045 |
| Stifel Financial Corp | 4,418,639 | $26.0M | 0.0% | +280,084 |
| Crystal Cove Asset Management, LLC | 4,285,181 | $25.2M | 27.5% | −13,306 |
| UBS Group AG | 3,908,447 | $23.0M | 0.0% | +2,010,974 |
| Legal & General Group Plc | 3,899,815 | $22.9M | 0.0% | +2,854,116 |
| Graham Capital Management, L.P. | 3,566,446 | $21.0M | 0.8% | New |
| Citadel Advisors LLC | 3,310,130 | $19.5M | 0.0% | −2,790,642 |
| Vanguard Portfolio Management LLC | 3,289,703 | $19.3M | 0.0% | +446,895 |
| Northern Trust Corp | 2,906,986 | $17.1M | 0.0% | +417,041 |
| Charles Schwab Investment Management Inc | 2,831,969 | $16.7M | 0.0% | +200,898 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,515,677 | $15.2M | 0.0% | +1,660,254 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 2,573,001 | $15.1M | 0.0% | +1,204,500 |
| Vanguard Fiduciary Trust Co | 2,435,848 | $14.3M | 0.0% | +194,707 |
| Capital Fund Management S.a. | 2,181,499 | $12.8M | 0.1% | +746,907 |
| Alyeska Investment Group, L.P. | 2,044,968 | $12.0M | 0.0% | +1,350,000 |
| Polar Capital Holdings Plc | 2,010,000 | $11.8M | 0.0% | +320,000 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 26SEC EDGARHaiyan Song, Board member
- 27SEC EDGARJoseph Nigro, Board member
- 28SEC EDGARGregory S. Nixon, Board member
- 29SEC EDGARDavid Urban, Board member
- 30SEC EDGARJeff McNeil, Board member
- 31SEC EDGARJeffrey S. Bornstein, Board member
- 32SEC EDGARClaude Demby, Board member
- 33SEC EDGARBryant R. Riley, Board member
- 34SEC EDGARJames L. Kempner, Board member
- 35SEC EDGARKenneth M. Young, Board member
- 36SEC EDGARPatrick J. Bartels Jr., Board member
- 37SEC EDGARRobert Suss, Board member
- 38SEC EDGARTimothy M. Presutti, Board member
- 39SEC EDGARAudrey Ann Zibelman, Board member
- 40SEC EDGARKrishna Pal Singh, Board member
- 41
- 42SEC EDGARAlexander Dimitrief, Board member
- 43SEC EDGARMarian Walters, Board member
- 44SEC EDGARMarie Batz Martin, General counsel
- 45
- 46SEC EDGARMelissa Berube, General counsel
- 47