Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — Q2 2026 Earnings Presentation
15 slides from Eos Energy Enterprises's earnings presentation, Aug 5, 2026
Slide 1: Eos Energy Enterprises Q2 2026 Financial Results
Eos Energy Enterprises Q2 2026 Financial Results August 5, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Disclaimer 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 reve
Slide 3: Non-GAAP Financial Measures
Disclaimer 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 gross profit (loss), which are non-GAAP financial measures as d
Slide 4: Tightening 2026 Revenue Range
Tightening 2026 Revenue Range Fiscal Year 2026 2026 Revenue Update Update 2025 2024 $300 - $350 million Revenue $300 - 350m $114.2m $15.6m Optimize Mfg. Footprint Revenue Visibility Consistent Delivery Deliver profitable growth FPUSA + Backlog Maintain June run rate 4
Slide 5: Operating Highlights
Operating Highlights Discharge Energy Backlog1 Q2 Revenue2 6.5 GWh $807 million $68.8 million ~78% Avg. RTE across Z3 fleet 25% increase from prior quarter 351% increase vs. Q2 ‘25 Cubes Shipped2 Adj. EBITDA Margin2 Total Cash1,3 +207% +235 pts. $364 million vs. Q2 ‘25 vs. Q2 ‘25 ~100% FCF from ops.
Slide 6: Growing the Eos Installed Base
Growing the Eos Installed Base 200+ MWh expected to become operational within the next 6 months Discharged Energy Cumulative Eos Z3 6.5 GWh 0.7 GWh Over 3.9m Cycles Over 1.1m Cycles Z3 Metrics Z3 RTE Z3 Duration 72% - 91% 2.5 -14 hrs. Avg. 78% 20-100-20 SoC Avg. 4 hr. cycle duration Includes Non-Daw
Slide 7: Capitalizing on a Growing Market Opportunity
Capitalizing on a Growing Market Opportunity Expanding backlog and strategic partnerships position Eos for sustained long-duration energy storage growth Orders Backlog1 Opportunity Pipeline1 Pipeline Discharge Duration Post 2Q $807M $24.6B 8% Awarded Golden Dome ~3.4 GWh ~112 GWh for America Contrac
Slide 8: Frontier Power USA: A Long-Term Operating Asset
Frontier Power USA: A Long-Term Operating Asset LDES projects stall on capital, not technology FPUSA Impact Eos Impact INITIAL ~$263M ~$1B Operate the asset for recurring revenue LTSA counterparty CAPITAL Gross proceeds Estimated project committed deployment Generate stable, repeatable revenue steam
Slide 9: Scaling Long Duration Energy Storage
Scaling Long Duration Energy Storage Advancing operations to deliver profitable growth FY 25 vs. 1H ‘26 Production Sequential Quarter Highlights Thorn Hill Metrics 2025 Battery cycle time +10% Cube Output +20% • ~1.5 GWh annualized run rate in June Improvement vs. Line 1 +17% Bi-polar cycle time +11
Slide 10: Second Quarter 2026 Financials
Second Quarter 2026 Financials Q2 ’26 Q2 ‘25 % Change Q1 ’26 % Change ($ in millions) Revenue Revenue 68.8 15.2 351% 57.0 21% 1H’26 > greater than FY ’25 revenue Gross Profit (Loss) (48.8) (31.0) (58%) (44.4) (10%) 207%+ shipments YoY Margin % (71%) (203%) +132 pts. (78%) +7 pts. Operating Expenses
Slide 11: Roadmap to Positive Adjusted Gross Margin
Roadmap to Positive Adjusted Gross Margin Year Over Year Adjusted Gross Margin Targeting 72+ pts Margin Improvement over next 12 Months ($ millions) Estimate Q2 ‘24 Q2 ‘25 Q2 ‘26 Q2 ’27 Area Impact Driver Total 0.9 $15.2 $68.8 $150+ Materials ▪ Supplier volume agreements + Revenue 10%+ Costs ~25 pts
Slide 12: Thornhill
12 Thornhill
Slide 13: Appendix
Appendix 13
Slide 14: Non-GAAP Financial Measures & Reconciliations
Appendix Non-GAAP Financial Measures & Reconciliations ($ In thousands) Q2' 24 Q2' 25 Q3' 25 Q4' 25 Q1' 26 Q2' 26 Revenue $ 898 $ 15,236 $ 30,512 $ 57,998 $ 56,963 $ 68,775 Cost of Goods Sold 14,121 46,189 64,437 112,418 101,390 117,576 Gross profit (loss) (13,223) (30,953) (33,925) (54,420) (44,427
Slide 15: Non-GAAP Financial Measures & Reconciliations
Appendix Non-GAAP Financial Measures & Reconciliations ($ In thousands) Q2' 24 Q2' 25 Q3' 25 Q4' 25 Q1' 26 Q2' 26 Net income (loss) attributable to shareholders $ (28,172) $ (222,937) $ (641,393) $ (120,453) $ 508,883 $ (275,710) add: Interest expense 8,427 6,639 4,006 6,665 9,455 8,318 add: Income
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