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Eos Energy Enterprises, Inc. designs, develops, manufactures, and markets energy storage solutions for utility-scale, microgrid, and commercial and industrial applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides operating flexibility to manage increased grid complexity and price volatility. It also provides the Z3 battery module that provides utilities, independent power producers, renewables developers, and commercial and industrial customers with an alternative to lithium-ion and lead-acid monopolar batteries for critical 3- to 12-hour discharge duration applications; a battery management system, which provides remote asset monitoring capability and service to track the performance and health of BESS and identify future system performance issues through predictive analytics; and project management and commissioning services, as well as long-term maintenance plans. The company also provides Eos Indensity, an energy storage architecture; Eos Cube; and DawnOS, a proprietary U.S.-engineered battery management and analytics platform. Eos Energy Enterprises, Inc. was formerly known as B. Riley Principal Merger Corp. II and changed its name to Eos Energy Enterprises, Inc. in November 2020. The company was founded in 2008 and is headquartered in Edison, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $114M | $-930M | $-970M | $-266M | 43.3% | 631.8% | 41.4% |
| 2024 | $16M | $-649M | $-686M | $-187M | 64.1% | -4.7% | 198.8% |
| 2023 | $16M | $-183M | $-230M | $-174M | 207.1% | -8.6% | -0.1% |
| 2022 | $18M | $-203M | $-230M | $-217M | 173.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 17.92 | 16.38 | 15.61 | 114.20 |
| Operating Revenue | - | 17.92 | 16.38 | 15.61 | 114.20 |
| Cost Of Revenue | - | 153.26 | 89.80 | 98.87 | 258.04 |
| Gross Profit | - | -135.34 | -73.42 | -83.26 | -143.84 |
| Operating Expense | - | 79.08 | 72.36 | 82.80 | 113.65 |
| Research And Development | - | 18.47 | 18.71 | 22.76 | 28.54 |
| Selling General And Administration | - | 60.62 | 53.65 | 60.05 | 85.11 |
| Total Expenses | - | 232.34 | 162.16 | 181.67 | 371.69 |
| Operating Income | - | -214.41 | -145.78 | -166.07 | -257.49 |
| Total Operating Income As Reported | - | -221.26 | -152.94 | -175.20 | -259.27 |
| EBITDA | - | -203.27 | -182.91 | -648.50 | -930.30 |
| Normalized EBITDA | - | -207.21 | -157.24 | -131.23 | -289.20 |
| EBIT | - | -210.95 | -193.68 | -657.63 | -946.37 |
| Interest Expense | - | 18.81 | 35.79 | 28.22 | 23.26 |
| Net Interest Income | - | -18.81 | -56.24 | -28.22 | -86.73 |
| Other Non Operating Income Expenses | - | -0.48 | -1.80 | 25.70 | 15.69 |
| Other Income Expense | - | 3.46 | -27.46 | -491.57 | -625.41 |
| Interest Expense Non Operating | - | 18.81 | 35.79 | 28.22 | 23.26 |
| Net Non Operating Interest Income Expense | - | -18.81 | -56.24 | -28.22 | -86.73 |
| Pretax Income | - | -229.76 | -229.48 | -685.85 | -969.62 |
| Tax Provision | - | 0.05 | 0.03 | 0.02 | 0.02 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.83 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -229.81 | -229.51 | -685.87 | -969.65 |
| Net Income From Continuing And Discontinued Operation | - | -229.81 | -229.51 | -685.87 | -969.65 |
| Net Income From Continuing Operation Net Minority Interest | - | -229.81 | -229.51 | -685.87 | -969.65 |
| Net Income | - | -229.81 | -229.51 | -685.87 | -969.65 |
| Net Income Common Stockholders | - | -229.81 | -229.51 | -964.20 | -1,744.76 |
| Net Income Including Noncontrolling Interests | - | -229.81 | -229.51 | -685.87 | -969.65 |
| Normalized Income | - | -232.93 | -203.84 | -168.60 | -328.54 |
| Diluted NI Availto Com Stockholders | - | -229.81 | -229.51 | -964.20 | -1,744.76 |
| Basic Average Shares | - | 62.44 | 126.97 | 212.04 | 260.83 |
| Diluted Average Shares | - | 62.44 | 126.97 | 212.04 | 260.83 |
| Reconciled Depreciation | - | 7.68 | 10.77 | 9.13 | 16.07 |
| Reconciled Cost Of Revenue | - | 153.26 | 89.80 | 98.87 | 258.04 |
| Total Unusual Items | - | 3.94 | -25.67 | -517.27 | -641.10 |
| Total Unusual Items Excluding Goodwill | - | 3.94 | -25.67 | -517.27 | -641.10 |
| Preferred Stock Dividends | - | - | - | 278.33 | 770.66 |
| Special Income Charges | - | -7.79 | -10.67 | 59.34 | -54.43 |
| Other Special Charges | - | 0.94 | 3.51 | -68.48 | 52.65 |
| Impairment Of Capital Assets | - | 6.85 | 7.16 | 9.13 | 1.78 |
| Restructuring And Mergern Acquisition | 30.37 | 0 | - | - | - |
| Gain On Sale Of Security | - | 11.73 | -15 | -576.61 | -586.67 |
| General And Administrative Expense | 43 | - | - | - | - |
| Other Gand A | 43 | - | - | - | - |
| Total Other Finance Cost | 0.15 | - | 20.44 | - | 63.47 |
| Other Operating Expenses | 0.27 | -0.02 | - | - | - |
| Otherunder Preferred Stock Dividend | - | - | - | 0 | 4.46 |
| Earnings From Equity Interest | -7.04 | 0 | - | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Eos Energy Enterprises, Inc.this co. | EOSE | $2.7B | -2.83 | -1.23 | 43.3% | -3.24 |
| CECO Environmental Corp. | CECO | $2.9B | 58.13 | 9.16 | 15.8% | 24.22 |
| Exponent, Inc. | EXPO | $2.9B | 27.22 | 7.39 | 27.2% | 21.15 |
| Atkore Inc. | ATKR | $2.9B | -188.99 | 2.05 | -1.1% | 18.87 |
| Helios Technologies, Inc. | HLIO | $2.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 58.68 |
| 3.05 |
| 5.2% |
| 21.28 |
| Voyager Technologies, Inc. | VOYG | $2.8B | -26.97 | 7.37 | -27.3% | -31.29 |
| First Advantage Corporation | FA | $2.7B | -77.68 | 2.06 | -2.7% | 11.98 |
| McGrath RentCorp | MGRC | $2.7B | 17.18 | 2.17 | 12.6% | 9.12 |
| V2X, Inc. | VVX | $2.6B | 33.65 | 2.42 | 7.2% | 11.33 |
| Peer Median | - | 22.20 | 2.73 | 6.2% | 15.43 | |