Eos Energy Enterprises Reports Fourth Quarter and Full Year 2025 Financial Results; Delivers More than 7x Year-Over-Year Revenue Growth and Initiates 2026 Revenue Guidance

Core Insights - Eos Energy Enterprises, Inc. reported a structural turning point in 2025, with accelerated production and a strengthened cash position exceeding $600 million, despite not meeting revenue expectations [4][5][6] Fourth Quarter Highlights - Achieved record quarterly revenue of $58.0 million, a 90% increase from the previous quarter and approximately 8 times year-over-year [5][6] - Secured over $240 million in new orders, totaling nearly 1.1 GWh from eight customers, indicating diversified market demand [5][10] - Ended the year with a cash balance of $624.6 million, supporting ongoing operations [5][12] Full Year 2025 Highlights - Total revenue for 2025 reached $114.2 million, more than 7 times that of 2024, driven by increased production and a 609% rise in customer deliveries [6][10] - Order backlog increased to $701.5 million, representing 2.8 GWh, a 9% sequential increase, reflecting strong commercial momentum [6][10] - The commercial opportunity pipeline grew to $23.6 billion, a 4% increase from the previous quarter and a 64% increase year-over-year [6][10] Operational Performance - Eos achieved an annual production capacity of 2 GWh, with significant operational execution improvements in the second half of 2025 [8][10] - Launched Indensity™, a next-generation energy storage architecture designed to deliver up to 1 GWh per acre, enhancing flexibility and safety [9][10] Financial Metrics - Gross loss for Q4 was $54.4 million, with a 230-point margin improvement year-over-year [6][10] - Net loss attributable to shareholders for 2025 totaled $120.5 million, with an adjusted EBITDA loss of $71.5 million, reflecting operational efficiencies [6][10] - The company retired $200 million of convertible notes, reducing annual interest expenses and extending debt maturities [14]