Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — Q1 2026 Earnings Presentation
17 slides from Eos Energy Enterprises's earnings presentation, May 13, 2026
Slide 1: Eos Energy Enterprises Q1 2026 Financial Results
Eos Energy Enterprises Q1 2026 Financial Results May 13, 2026
Slide 2: Forward-Looking Statements
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 Disclaimer regarding our expected reve
Slide 3: Disclaimer: Key Metrics and Non-GAAP Financial Measures
Disclaimer Key Metrics Backlog. Our backlog represents the amount of revenue that we expect to realize from existing agreements with our customers for the sale of our battery energy storage systems and performance of services. The backlog is calculated by adding new orders in the current fiscal peri
Slide 4: Operating Highlights
Operating Highlights 2 GWh Firm Capacity Orders Backlog 1 Commercial Pipeline 1 Reservation Agreement $645 million $24 billion Under Frontier Power USA Representing ~2.6 GWh Representing ~107 GWh $115m Revenue in Q4’25 & Q1’26 combined Greater than FY’25 revenue Q1 Revenue2 Total Cash1,3 $57 million
Slide 5: Formation of Frontier Power USA
Formation of Frontier Power USA Standalone development and investment platform established to develop, own, and operate a diversified portfolio of long-duration battery energy storage projects deploying Eos’ proprietary zinc bromide based Z3 technology Deploy technology Originate projects Eos Fronti
Slide 6: Standalone Development & Investment Platform
Standalone Development & Investment Platform Expanding the availability of capital, accelerating the deployment of Eos energy storage solutions ~49% ownership ~51% ownership Eos contribution & technology Expected to be funded via pro rata rights offering, Frontier Power USA Pre Money Valuation + Cer
Slide 7: Overview of a Rights Offering
Overview of a Rights Offering Participating shareholders can purchase incremental shares at a discount and receive additional warrant upside For illustrative purposes only Current position Rights offering Warrant upside End state For all existing Pro rata subscription Warrant coverage with a Partici
Slide 8: 6+ GWh discharged energy across Eos Technology
6+ GWh discharged energy across Eos Technology DawnOS delivers improved consistent performance Discharged Energy Cumulative Eos Z3 6+ GWh ~0.5 GWh ~3.9m Cycles ~1.1m Cycles Specific Site Performance1 RTE Before DawnOS RTE After DawnOS Standard Standard SoC Avg Deviation Max SoC Avg. Deviation Max 0-
Slide 9: Targeted Process Improvement Driving Record Output
Targeted Process Improvement Driving Record Output Gross loss improved by $10 million on 17% higher output Vs. Prior Year Vs. Prior Qtr. Thorn Hill Expansion Building Readiness Complete Cube Output 467% 17% Battery Line 2 Power On In Process Expected Initial Production End of Q2 Expected Full Produc
Slide 10: 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 Targeting up to 2 GWh with initial $645M $24B 9% deployment targeted for ’27 ~2.6 GWh ~107 GW
Slide 11: First Quarter 2026 Financials
First Quarter 2026 Financials Highlights Q1 ’26 Q1 ‘25 % Change Q4 ‘25 % Change ($ in millions) > 5X Q1 ‘25 revenue Revenue 57.0 10.5 445% 58.0 (2%) Gross Profit (Loss) (44.4) (24.5) (81%) (54.4) 18% $115m revenue in Q4’ 25 and Q1 ’26 > greater than FY ’25 revenue Margin % (78%) (235%) +157 pts. (94
Slide 12: Reaffirming 2026 Revenue Outlook
Reaffirming 2026 Revenue Outlook Fiscal Year 2026 Revenue Guidance 2024 2025 2026 Guidance $300 - $400 million Revenue $15.6m $114.2m $300 -$400m Underpinned by current manufacturing capacity, line 2 capacity ramp, and forecasted customer project delivery schedules 12
Slide 13: Chief Financial Officer Alessandro Lagi
Chief Financial Officer Alessandro Lagi Strengthening Eos leadership as Eos scales operations, advances manufacturing execution and supports growing customer deployments • Veteran finance executive with operating discipline and experience in scaling industrial businesses • 25 years of global energy
Slide 14: Appendix
Appendix 14
Slide 15: Non-GAAP Financial Measures & Reconciliations
Appendix Non-GAAP Financial Measures & Reconciliations Quarterly ($ In thousands) Q1’ 26 Q1’ 25 Q4’ 25 Net income (loss) attributable to shareholders $ 508,883 $ 15,136 $ (120,453) add: Interest expense 9,455 5,945 6,665 add: Income tax expense 5 5 9 add: Depreciation and amortization 5,394 2,680 5,
Slide 16: Non-GAAP Financial Measures & Reconciliations
Appendix Non-GAAP Financial Measures & Reconciliations Quarterly ($ In thousands) Q1’ 26 Q1’ 25 Q4’ 25 Revenue $ 56,963 $ 10,457 $ 57,998 Cost of Goods Sold 101,390 34,996 112,418 Gross profit (loss) (44,427) (24,539) (54,420) add: Stock based compensation 507 1,020 549 add: Depreciation and amortiz
Slide 17: Revenue and Margins
Revenue Margins + 157 pts. -78% 58.0 57.0 -94% -111% -119% -123% -203% -235% + 294 pts. -173% 30.5 15.2 10.5 -339% -413% Q1 ’25 Q2 ’25 Q3 ’25 Q4 ’25 Q1 ’26 Q1 ’25 Q2 ’25 Q3 ’25 Q4 ’25 Q1 ’26 Gross Margin Adjusted EBITDA Margin 17
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