Revenue has scaled significantly to $57.0 million in 2026Q1, yet the company continues to struggle with deeply negative gross margins of -78.0% as production costs remain elevated.
| Sales/Revenue | 160.71M | 114.2M | 15.61M | 16.38M | 17.92M | 4.6M | 219K | 496K | 0 |
| Revenue Growth % | 725.76% | 631.79% | -4.71% | -8.63% | 289.82% | 1999.54% | -55.85% | - | - |
| Cost of Goods Sold | 324.43M | 258.04M | 98.87M | 89.8M | 153.26M | 46.48M | 5.51M | 8.33M | 9.18M |
| COGS % of Revenue | - | 225.95% | 633.52% | 548.28% | 855.05% | 1010.94% | 2515.53% | 1679.84% | - |
| Gross Profit | -163.72M | -143.84M | -83.26M | -73.42M | -135.34M | -41.88M | -5.29M | -7.84M | -9.18M |
| Gross Margin % | -101.88% | -125.95% | -533.52% | -448.28% | -755.05% | -910.94% | -2415.53% | -1579.84% | - |
| Gross Profit Growth % | - | -72.75% | -13.4% | 45.75% | -223.11% | -691.78% | 32.49% | 14.64% | - |
| Operating Expenses | 121.42M | 113.65M | 91.94M | 79.52M | 85.92M | 92.84M | 33.39M | 19M | 19.2M |
| OpEx % of Revenue | - | 99.52% | 589.12% | 485.51% | 479.37% | 2019.12% | 15246.12% | 3829.84% | - |
| Selling, General & Admin | 42.94M | 85.11M | 0 | 0 | 0 | 43M | 17.62M | 6.59M | 7.69M |
| SG&A % of Revenue | - | 74.53% | - | - | - | 935.15% | 8046.12% | 1328.43% | - |
| Research & Development | 32.42M | 28.54M | 22.76M | 18.71M | 18.47M | 19.15M | 13.59M | 11.76M | 14.57M |
| R&D % of Revenue | - | 24.99% | 145.83% | 114.23% | 103.04% | 416.57% | 6206.85% | 2369.96% | - |
| Other Operating Expenses | 2M | 0 | 69.18M | 60.81M | 67.45M | 30.69M | 2.17M | 652K | 0 |
| Operating Income | -285.15M | -257.49M | -175.2M | -152.94M | -221.26M | -134.72M | -38.68M | -26.83M | -32.86M |
| Operating Margin % | -177.43% | -225.47% | -1122.64% | -933.8% | -1234.42% | -2930.06% | -17661.64% | -5409.68% | - |
| Operating Income Growth % | - | -46.97% | -14.56% | 30.88% | -64.23% | -248.31% | -44.15% | 18.34% | - |
| EBITDA | -266.88M | -241.42M | -167.35M | -143.23M | -214.44M | -131.19M | -37.12M | -24.71M | -30.44M |
| EBITDA Margin % | -166.07% | -211.39% | -1072.34% | -874.52% | -1196.41% | -2853.13% | -16950.23% | -4981.65% | - |
| EBITDA Growth % | -50.72% | -44.26% | -16.84% | 33.21% | -63.46% | -253.4% | -50.23% | 18.83% | - |
| D&A (Non-Cash Add-back) | 18.26M | 16.07M | 7.85M | 9.71M | 6.81M | 3.54M | 1.56M | 2.12M | 2.42M |
| EBIT | -861.11M | -257.49M | -166.07M | -145.78M | -214.41M | -119.02M | -46.82M | -29.77M | -32.86M |
| Net Interest Income | -26.77M | -23.25M | -28.22M | -56.24M | -18.81M | -5.2M | -23.82M | -49.71M | 0 |
| Interest Income | 2.79M | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 116K |
| Interest Expense | 29.55M | 23.25M | 28.22M | 56.24M | 18.81M | 5.2M | 23.82M | 49.71M | 0 |
| Other Income/Expense | -190.73M | -712.13M | -510.65M | -76.54M | -8.5M | 10.51M | -31.96M | -52.65M | 4.36M |
| Pretax Income | -475.88M | -969.62M | -685.85M | -229.47M | -229.76M | -124.22M | -70.64M | -79.48M | -28.5M |
| Pretax Margin % | -296.11% | -849.03% | -4394.78% | -1401.12% | -1281.87% | -2701.52% | -32257.08% | -16024.8% | - |
| Income Tax | 24K | 24K | 21K | 31K | 51K | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.01% | -0% | -0% | -0.01% | -0.02% | 0% | 0% | 0% | 0% |
| Net Income | -475.9M | -969.65M | -685.87M | -229.51M | -229.81M | -124.22M | -70.64M | -79.48M | -28.5M |
| Net Margin % | -296.13% | -849.06% | -4394.91% | -1401.31% | -1282.15% | -2701.52% | -32257.08% | -16024.8% | - |
| Net Income Growth % | 23.74% | -41.37% | -198.85% | 0.13% | -85.01% | -75.84% | 11.12% | -178.91% | - |
| Net Income (Continuing) | -475.9M | -969.65M | -685.87M | -229.51M | -229.81M | -124.22M | -70.64M | -79.48M | -28.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.87 | -6.69 | -4.55 | -1.81 | -3.68 | -2.71 | -1.37 | -33.86 | 0.00 |
| EPS Growth % | -50.45% | -47.03% | -151.38% | 50.82% | -35.79% | -97.81% | 95.95% | - | - |
| EPS (Basic) | - | -6.69 | -4.55 | -1.81 | -3.68 | -2.71 | -1.37 | -2.26 | -0.42 |
| Diluted Shares Outstanding | 544.83M | 260.83M | 212.04M | 126.97M | 62.44M | 52.66M | 48.94M | 59M | 0 |
| Basic Shares Outstanding | 339.6M | 260.83M | 212.04M | 126.97M | 62.44M | 52.66M | 48.94M | 59M | 68.19M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Negative unit economics
As indicated by recent quarterly filings, Eos Energy Enterprises achieved a significant revenue expansion, with the most recent quarter reporting $57.0 million in top-line results, reflecting a substantial growth trajectory compared to the $6.6 million recorded in the first quarter of 2023, despite inherent project-based lumpiness.
The rapid revenue growth suggests successful market penetration for the company's Znyth technology, yet the inconsistency in quarter-over-quarter performance highlights the challenges of a project-based business model. Investors should monitor whether this growth is sustainable or merely a reflection of milestone-driven recognition that may not repeat in subsequent periods.
Based on the provided financial data, Eos continues to grapple with deeply negative gross margins, which reached -78.0% in 2026Q1, underscoring the significant gap between current production costs and market pricing for its integrated DC battery systems as the company attempts to scale its automated manufacturing capabilities.
The persistent inability to achieve positive gross margins suggests that the company is currently under-absorbing its manufacturing overhead. Until the transition to automated production yields significant cost efficiencies, the fundamental unit economics appear to remain challenged, necessitating a cautious outlook on the company's path to achieving sustainable profitability.
According to the reported income statements, Eos's net income figures exhibit extreme volatility, including a notable $508.9 million gain in 2026Q1, which appears disconnected from the underlying operating losses and warrants further investigation into the nature of these non-operating items and their impact on reported EPS.
The presence of large, non-operating swings suggests that headline net income is not a reliable indicator of the company's core operational health. Analysts should focus on operating income and cash burn metrics to better understand the true financial trajectory, as these non-recurring items may mask the ongoing challenges in the core business.
As reported in financial statements, the company's operating expenses, including R&D and SG&A, remain elevated relative to revenue, with operating margins consistently deep in negative territory, suggesting that the current cost structure is not yet optimized for the scale of operations the company is attempting to reach.
The high fixed-cost base, combined with the necessity for ongoing R&D investment, creates a significant hurdle for achieving operating leverage. Unless revenue growth can significantly outpace the expansion of these overhead costs, the company may continue to face substantial pressure on its bottom line for the foreseeable future.
Based on the provided figures, the company's reliance on external capital to fund operations while maintaining negative gross margins presents a significant risk, as the current cash burn rate may necessitate further dilutive financing if the transition to automated manufacturing does not yield immediate and substantial margin improvements.
Short-term observers might argue that the current revenue growth is insufficient to justify the massive capital expenditure required to sustain the business. The fundamental risk remains that the company may run out of liquidity before it can prove that its zinc-based technology can be produced at a cost-competitive scale.
Quick answers to the most common questions about buying EOSE stock.
For fiscal year 2025, Eos Energy Enterprises, Inc. (EOSE) reported total revenue of $114.2M.
Eos Energy Enterprises, Inc. (EOSE) reported a net loss of $969.6M for the fiscal year ending 2025.
Eos Energy Enterprises, Inc. (EOSE) reported an operating income of $-257.5M, resulting in an operating profit margin of -225.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Eos Energy Enterprises, Inc. (EOSE) generated $-143.8M in gross profit for the year, representing a gross profit margin of -125.9%. This demonstrates the company's core pricing power and production efficiency.