Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — Q3 2025 Earnings Presentation
14 slides from Eos Energy Enterprises's earnings presentation, Nov 6, 2025
Slide 1: Eos Energy Enterprises Q3 2025 Financial Results
Eos Energy Enterprises Q3 2025 Financial Results November 6, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements: This presentation includes “forward-looking statements” within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected rev
Slide 3: Non-GAAP Financial Measures
Non – GAAP Financial Measures To provide investors with additional information regarding our financial results, we have disclosed in this earnings presentation non-GAAP financial measures, including adjusted EBITDA and adjusted earnings per share (EPS), which are non-GAAP financial measures as defin
Slide 4: Operating Highlights
Operating Highlights Commercial Pipeline1 Orders Backlog1 ~1 GWh new orders $22.6 billion $644.4 million post 9/30 Representing ~91 GWh Representing ~2.5 GWh MN8 Energy Frontier Power Strategic agreement Q3 Revenue2 Total Cash3 advancing power $30.5 million $126.8 million capacity utilization 2X Q2
Slide 5: World-class Facility Expansion
World-class Facility Expansion Supported by $24 million in commonwealth & county incentives Expanding U.S. Manufacturing Developing U.S. Software Hub1 Marshall Township, PA Pittsburgh, PA • 432k sq. ft. with up to 8 GWh of capacity • 41k sq. ft. within Pittsburgh’s technology hub • Line 2 production
Slide 6: Eos Meets Energy Supercycle Requirements
Eos Meets Energy Supercycle Requirements Hundreds of TWh & billions of dollars lost annually to inefficiency, congestion, & curtailment Generation Transmission | Distribution End Use Load Centers Eos Value Prop Data Centers Energy / ~1 GWh in-building Hydro Acre 100 MWh Cube Cube Cube Solar RTE Mid
Slide 7: Eos Z3 Field Performance as of October 28, 2025
Eos Z3 Field Performance as of October 28, 2025 3 major utilities actively cycling and 1 Department of Defense site in operation Z3 Discharged Avg Discharge Avg Round Trip Energy Duration Efficiency 23.4 MWh 4.6 hours 84.6% Average Performance Best RTE Cycle Duration hrs RTE % Temp (c) Duration hrs
Slide 8: Improved Operational Performance
T Improved Operational Performance TBD Clear line of sight to profitable growth Revenue Margins 30.5 $ millions -111% -203% +100% -235% 62 pts -324% +46% 136 pts -173% 15.2 179 pts +44% 10.5 291 pts -339% 7.3 -413% Gross Margin Adjusted EBITDA Margin -615% Q4 ’24 Q1 ’25 Q2 ’25 Q3 ’25 Q4 ’24 Q1 ’25 Q
Slide 9: Scaling America’s Battery
Scaling America’s Battery A simple, repeatable solution designed to scale Safety1 Quality Cost Output Capacity Expansion 1.53 45% 18% 179% Line 2 expected Injury rate Scrap reduction Labor & overhead Oct. vs July 1H 2026 absorption shipments Single piece flow for lower cost & higher output Automatio
Slide 10: Commercial Update
Commercial Update Pipeline growth driven by accelerating hyperscaler demand Lead Generation1 Opportunity Pipeline1 Orders Backlog1 Pipeline Discharge Duration $15.9B $22.6B $644M ~65 GWh ~91 GWh ~2.5 GWh 36% 35% QoQ Change ~65% 6 hr.+ duration 5% 20% 5% $120m 56% ~1 GWh 24% Average deal size Standal
Slide 11: Third Quarter 2025 Financials
Third Quarter 2025 Financials Highlights ($ in millions) Q3 ‘25 Q2 ‘25 % Change Q3 ‘24 % Change 2X Q2 revenue Revenue 30.5 15.2 100% 0.9 F Gross Profit (Loss) (33.9) (31.0) 10% (24.9) 36% Margin % (111%) (203%) +92 pts. (2917%) +2806 pts + 92 pts. gross margin improvement on 2X revenue Operating Exp
Slide 12: FY 2025 revenue guidance range $150 - $160 million
FY 2025 revenue guidance range $150 - $160 million 12 12
Slide 13: Appendix
APPENDIX Eos. Positively ingenious. ~ e€os.
Slide 14: Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA (Loss)
Appendix UNAUDITED RECONCILATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (LOSS) (In thousands) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Net loss $ (641,393) $ (342,866) $ (849,194) $ (417,746) add: Interest expense 4,006 5,424 16,590 22,969 add: Income tax
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