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 ...

Core Insights - Eos Energy Enterprises has seen a bullish sentiment from large investors, with 50% of trades being bullish and 40% bearish, indicating a positive outlook on the stock [1] - The predicted price range for Eos Energy Enterprises is between $10.0 and $37.0, based on trading volumes and open interest over the last three months [2] - The average open interest for options trades is 14,778.05, with a total volume of 17,731.00, reflecting significant market activity [3] Options Activity - The largest options trades include bullish call options with a strike price of $37.00 totaling $433.2K and bearish put options with a strike price of $25.00 totaling $84.4K [6] - Notable trades include a bullish call option expiring on January 15, 2027, and a bearish call sweep on March 20, 2026, indicating mixed sentiment among traders [6] Company Overview - Eos Energy Enterprises Inc specializes in zinc-based energy storage solutions for utility-scale, microgrid, and commercial applications, with its flagship product being the Eos Znyth stationary battery energy storage system [7] - The company operates in the utility, renewable energy, and industrial sectors, positioning itself as a key player in energy storage technology [7] Analyst Insights - Analysts have set an average price target of $16.0 for Eos Energy Enterprises, with a recent downgrade from JP Morgan to Neutral [9] - The stock is currently trading at $14.31, reflecting a 1.13% increase in trading volume of 12,589,976 [10]

Group 1 - Whales have taken a bullish stance on Eos Energy Enterprises, with 50% of trades being bullish and 27% bearish, indicating strong investor interest [1] - The total amount for put trades is $442,295, while call trades amount to $646,175, reflecting a higher confidence in upward price movement [1] - Major market movers are focusing on a price band between $3.0 and $25.0 for Eos Energy Enterprises over the last three months, suggesting significant price volatility [2] Group 2 - The volume and open interest trends for Eos Energy Enterprises' options indicate active trading, with a focus on liquidity and interest for strike prices within the $3.0 to $25.0 range [3] - Recent options activity shows a mix of bullish and bearish sentiments, with notable trades including a bearish call trade with a total price of $118,000 and a bullish call sweep for $113,800 [7] - The current stock price of EOSE is $11.98, reflecting a slight increase of 0.17%, with upcoming earnings expected in 69 days [12] Group 3 - Eos Energy Enterprises specializes in zinc-based energy storage solutions for various applications, including utility-scale and commercial sectors, with its flagship product being the Eos Znyth battery system [8] - Market experts have set a consensus target price of $16.0 for Eos Energy Enterprises, indicating potential upside from current levels [9][10]

Group 1 - Significant bearish sentiment observed among large investors regarding Eos Energy Enterprises, with 57% of trades being bearish and only 28% bullish [1] - Total options trades detected include 3 puts amounting to $239,795 and 11 calls totaling $660,885 [1] - Price targets for Eos Energy Enterprises set by significant investors range from $10.0 to $32.0 over the past three months [2] Group 2 - Recent options trading activity indicates a bearish sentiment, with notable trades including a bearish put sweep for $134.7K and a bearish call trade for $260.0K [8] - Current market status shows a professional analyst rating with an average price target of $12.0, maintained by B. Riley Securities [11][12] - Eos Energy Enterprises currently trades at $14.52, reflecting a decrease of 3.52% in price, with a trading volume of 7,527,925 [14]

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]