Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — Q4 2025 Earnings Presentation
17 slides from Eos Energy Enterprises's earnings presentation, Feb 26, 2026
Slide 1: Q4 & FY 2025 Financial Results
Eos Energy Enterprises Q4 & FY 2025 Financial Results February 26, 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, adjusted gross profit (loss), and adjusted earnings per share (EPS), which
Slide 4: Operating Highlights
Operating Highlights Record performance that is lower than expectations Orders Backlog1 Commercial Pipeline1 $58m Q4 Revenue $701.5 million $23.6 billion > Last 4 years combined Representing ~2.8 GWh Representing ~99 GWh ~1.1 GWh Q4 Orders Diverse use cases 2025 Revenue2 Total Cash1,3 $114.2 million
Slide 5: Expanding U.S. Installed Base
Expanding U.S. Installed Base 2025 Revenue Map 1 7X YoY Revenue Growth 10 20 States Projects 2025 Rev Deliveries to 18 11 Customers Customers 5 (1) Represents all product and service revenue represented in the year
Slide 6: Consistent Operational Improvement
Consistent Operational Improvement Operational Discipline Quarterly Annual Driving Scale 8x 7x Revenue +700% +632% • Capacity supports 58.0 114.2 accelerating demand forecast 30.5 10.5 15.2 7.3 15.6 • Consistent quarterly Q4 ’24 Q1 ’25 Q2 ’25 Q3 ’25 Q4 ’25 2024 2025 output growth + 230 pts. + 408 pt
Slide 7: Operational Scaling Driving Throughput Growth
Operational Scaling Driving Throughput Growth Sequential production and shipment increases supported by targeted process improvements Q4 Results Improvements Shipments +659% Supply 26 • Strengthened supplier quality processes suppliers ramped to full capacity Chain Ramp • Continued supplier diversif
Slide 8: Indensity Built from Field Operating Experience
Indensity Built from Field Operating Experience Same Robust Battery and Controls, Improved System Packaging Indensity Core Operating Environment Indensity Ambient Operating Conditions Improved Serviceability -20°C to 40°C Minimize system downtime Harsh Environments Lower Installed Cost Standard Elev
Slide 9: Diversified Market Demand
Diversified Market Demand Established strategic partnerships with leading entities across the energy, infrastructure, and hyperscale sectors Orders Backlog1 Opportunity Pipeline1 Pipeline Discharge Duration • Growing presence across $701.5M $23.6B 18% energy infrastructure & hyperscalers ~2.8 GWh ~9
Slide 10: Full Year 2025 Financial Performance
Full Year 2025 Financial Performance Highlights 2025 2024 % Change ($ in millions) Revenue 114.2 15.6 632% 7X YoY Revenue Gross Profit (Loss) (143.8) (83.3) (73%) Margin % (126%) (534%) +408 pts. 609% increase in customer deliveries Operating Expenses 115.4 91.9 26% Net loss driven by 77% ($746.8m)
Slide 11: Fiscal Year 2026 Outlook
Fiscal Year 2026 Outlook Fiscal Year 2026 Revenue Guidance 2024 2025 2026 Guidance $300 - $400 million Revenue $15.6m $114.2m $300 -$400m Underpinned by current manufacturing capacity, line 2 capacity ramp, and forecasted customer project delivery schedules 11
Slide 12: Appendix
Appendix 12
Slide 13: Journey to Scale
Appendix Journey to Scale 2 products, 2 software platforms, and 2 system configurations, while inventing and scaling a highly automated manufacturing process 2025 • 7X 2024 revenue • Completed subassembly automation 2023 on battery line in Turtle Creek, PA 2021 • Completed first Eos Cube • Launched
Slide 14: Strengthened Cash to Support Growth Plans
Appendix Strengthened Cash to Support Growth Plans November 2025 Offering Sources & Uses 2025 Highlights Sources ($M) Ending Cash1 ($ in millions) Registered Direct Common Stock $458.2 $624.6 Private Convertible Note Offering 600.0 2 successful capital raises Total Sources $1,058.2 Paid back 2026 ma
Slide 15: Fourth Quarter 2025 Financials
Appendix Fourth Quarter 2025 Financials Highlights Q4 ’25 Q3 ‘25 % Change Q4 ‘24 % Change ($ in millions) Revenue 58.0 30.5 90% 7.3 700% Gross Profit (Loss) (54.4) (33.9) (60%) (23.5) (132%) 8X Q4 2024 revenue Margin % (94%) (111%) +17 pts. (324%) +230 pts. Operating Expenses 26.9 27.3 (2%) 28.2 (5%
Slide 16: Non-GAAP Financial Measures & Reconciliations
Appendix Non-GAAP Financial Measures & Reconciliations Quarterly Annual ($ In thousands) Q4’ 25 Q3’ 25 Q4’ 24 FY’ 25 FY’ 24 Net loss attributable to shareholders $ (120,453) $ (641,393) $ (268,124) $ (969,647) $ (685,870) add: Interest expense 6,665 4,006 5,248 23,255 28,217 add: Income tax expense
Slide 17: Non-GAAP Financial Measures & Reconciliations
Appendix Non-GAAP Financial Measures & Reconciliations Quarterly Annual ($ In thousands) Q4’ 25 Q3’ 25 Q4’ 24 FY’ 25 FY’ 24 Revenue $ 57,998 $ 30,512 $ 7,253 $ 114,203 $ 15,606 Cost of Goods Sold 112,418 64,437 30,753 258,040 98,867 Gross profit (loss) (54,420) (33,925) (23,500) (143,837) (83,261) a
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