Eos Energy Enterprises Q4 & FY 2025 Financial Results February 26, 2026 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 revenue for the fiscal year ended December 31, 2026, our path to profitability and strategic outlook, statements regarding orders backlog, and o ...

Financial Performance - Q3 2025 revenue reached $305 million, a 100% increase compared to Q2 2025's $152 million[11] - The company's gross margin improved by 92 percentage points, reaching -111% in Q3 2025[25] - Adjusted EBITDA margin improved by 166 percentage points[26], reaching -173% in Q3 2025[25] - The company anticipates full year 2025 revenue to be in the range of $150 million to $160 million[28] Commercial & Operational Highlights - The commercial pipeline stands at $226 billion, representing approximately 91 GWh[11] - Orders backlog is $6444 million, representing approximately 25 GWh[11] - The company received approximately 1 GWh in new orders after September 30, 2025[11] - The company's total cash is $1268 million, including approximately $43 million in customer receipts in October[11] Facility Expansion - The company is expanding its U S manufacturing facility to 432k sq ft with up to 8 GWh of capacity, with Line 2 production expected in mid-2026[15] - The company is developing a U S Software Hub with 41k sq ft in Pittsburgh's technology hub for DawnOSTM software & analytics development[15]

Financial Performance - Q2 2025 revenue reached $15.2 million, nearly equivalent to the entire FY24 revenue[11], representing a 46% increase compared to Q1 2025's $10.5 million[22] - Total cash increased by 218% to $183.2 million compared to Q2 2024[11] - Adjusted EBITDA loss was $(51.6) million, with a margin of (339%), a 75 percentage point improvement QoQ[22] - Gross loss was $(31.0) million, with a margin of (203%), a 32 percentage point improvement QoQ[22] Commercial Growth - The commercial pipeline increased to $18.8 billion, representing approximately 77 GWh[11], a 21% increase from the previous quarter[21] - Orders backlog reached $672.5 million, representing approximately 2.6 GWh[11] - The lead generation pipeline is $15.1 billion, representing approximately 61 GWh, a 12% increase QoQ[21] Operational Improvements - Achieved a 40% improvement in discharge energy from launch[14] - The company is transitioning to CM positive cubes, increasing throughput and improving utilization[16] - Sub-assembly automation is driving faster throughput, improved consistency, and product performance, with a 64% improvement in part flatness[17]

Financial Performance - Q1 2025 revenue reached $105 million, a 58% increase compared to Q1 2024[11] - Orders backlog as of March 31, 2025, stood at $6809 million, representing approximately 26 GWh[11] - Adjusted EBITDA loss was $432 million, a 17% increase compared to $369 million in Q1 2024[21] Commercial Growth - The commercial pipeline is valued at $156 billion, representing approximately 60 GWh[11] - Total commercial activity amounts to $291 billion, representing 115 GWh[24] - Booked orders totaled $92 million, including orders from 2 new customers[11] - The company secured 54 GWh in new Memorandums of Understanding (MOUs)[25] Operational Improvements - The company realized a 64% cost-out from product launch and a 77% volume-adjusted cost-out[16] - Manufacturing customer deliveries increased by 51% in Q1 compared to Q4 2024[15] - The company achieved significant output increases through subassembly automation, with terminal output up by 363% and bipolar output up by 332%[20] Guidance - The company reiterated its fiscal year 2025 revenue guidance of $150 million to $190 million, which is at least 10 times the full-year 2024 results[15]