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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% | - |
| 2024 | $16M | $-649M | $-686M | $-187M | 64.1% | -4.7% | - |
| 2023 | $16M | $-183M | $-230M | $-174M | 207.1% | -8.6% | - |
| 2022 | $18M | $-203M | $-230M | $-217M | 173.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 | 82.81 | 113.65 |
| Operating Income | -214.41 | -145.78 | -166.07 | -257.49 |
| EBITDA | -203.27 | -182.91 | -648.50 | -930.30 |
| EBIT | -210.95 | -193.68 | -657.63 | -946.37 |
| Pretax Income | -229.76 | -229.47 | -685.85 | -969.62 |
| Tax Provision | 0.05 | 0.03 | 0.02 | 0.02 |
| Net Income | -229.81 | -229.51 | -685.87 | -969.65 |
| Net Income Common Stockholders | -229.81 | -229.51 | -964.20 | -1,744.76 |
| Total Expenses | 232.34 | 162.16 | 181.67 | 371.69 |
| Interest Expense | 18.81 | 35.79 | 28.22 | 23.25 |
| Research And Development | 18.47 | 18.71 | 22.76 | 28.54 |
| Selling General And Administration | 60.62 | 53.65 | 60.05 | 85.11 |
| Normalized EBITDA | -207.21 | -157.24 | -131.23 | -289.19 |
| Normalized Income | -232.93 | -203.84 | -168.60 | -328.55 |
| Basic EPS | -3.68 | -1.81 | -4.55 | -6.69 |
| Diluted EPS | -3.68 | -1.81 | -4.55 | -6.69 |
| Tax Effect Of Unusual Items | 0.83 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0 | 0 | 0 |
| Total Unusual Items | 3.94 | -25.67 | -517.27 | -641.10 |
| Total Unusual Items Excluding Goodwill | 3.94 | -25.67 | -517.27 | -641.10 |
| Net Income From Continuing Operation Net Minority Interest | -229.81 | -229.51 | -685.87 | -969.65 |
| Reconciled Depreciation | 7.68 | 10.77 | 9.13 | 16.07 |
| Reconciled Cost Of Revenue | 153.26 | 89.80 | 98.87 | 258.04 |
| Net Interest Income | -18.81 | -56.24 | -28.22 | -86.73 |
| Net Income From Continuing And Discontinued Operation | -229.81 | -229.51 | -685.87 | -969.65 |
| Total Operating Income As Reported | -221.26 | -152.94 | -175.20 | -259.27 |
| Diluted Average Shares | 62.44 | 126.97 | 212.04 | 260.83 |
| Basic Average Shares | 62.44 | 126.97 | 212.04 | 260.83 |
| Diluted NI Availto Com Stockholders | -229.81 | -229.51 | -964.20 | -1,744.76 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 4.46 |
| Preferred Stock Dividends | 0 | 0 | 278.33 | 770.66 |
| Net Income Including Noncontrolling Interests | -229.81 | -229.51 | -685.87 | -969.65 |
| Net Income Continuous Operations | -229.81 | -229.51 | -685.87 | -969.65 |
| Other Income Expense | 3.46 | -27.46 | -491.57 | -625.41 |
| Other Non Operating Income Expenses | -0.48 | -1.79 | 25.70 | 15.69 |
| 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 | 0 | 0 | 0 | 0 |
| Earnings From Equity Interest | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 11.73 | -15 | -576.61 | -586.67 |
| Net Non Operating Interest Income Expense | -18.81 | -56.24 | -28.22 | -86.73 |
| Total Other Finance Cost | 0 | 20.44 | 0 | 63.47 |
| Interest Expense Non Operating | 18.81 | 35.79 | 28.22 | 23.25 |
| Other Operating Expenses | -0.02 | 0 | 0 | 0 |
| General And Administrative Expense | 0 | 0 | 0 | 0 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Operating Revenue | 17.92 | 16.38 | 15.61 | 114.20 |
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 | $2.2B | - | -0.95 | 43.3% | -15.54 |
| American Superconductor Corporation | AMSC | $2.3B | 15.69 | 4.23 | 3.1% | 95.34 |
| First Advantage Corporation | FA | $2.2B | - | 1.73 | -2.7% | 10.84 |
| Helios Technologies, Inc. | HLIO | $2.2B | 46.10 | 2.38 | 5.2% | 16.37 |
| Huron Consulting Group Inc. | HURN |
| $2.1B |
| 22.00 |
| 4.01 |
| 19.9% |
| 11.58 |
| Blue Bird Corporation | BLBD | $2.1B | 15.52 | 7.17 | 50.0% | 9.57 |
| Custom Truck One Source, Inc. | CTOS | $2.1B | - | 2.57 | -3.8% | 21.79 |
| Ducommun Incorporated | DCO | $2.1B | - | 3.12 | -5.1% | 21.40 |
| V2X, Inc. | VVX | $2.1B | 26.78 | 1.89 | 7.2% | 9.34 |
| Peer Median | - | 22.00 | 2.85 | 4.1% | 13.97 | |