Eos Energy Enterprises Reports Third Quarter 2026 Revenue of $82.7 Million, Up 171% Year Over Year, with Gross Margin Improving 58 Percentage Points
Eos Energy delivered record Q3 2026 revenue of $82.7 million, up 171% year-over-year and 20% sequentially, on 216% growth in cube shipments across 10 projects. Gross margin improved 58 percentage points to negative 53% and adjusted EBITDA loss narrowed sequentially to $63.8 million, though the adjusted EBITDA loss remains wider than the prior-year quarter's $52.7 million. Net income of $125.0 million was driven primarily by non-cash mark-to-market gains on warrants and derivatives. The company received an $87 million first advance under the second tranche of its DOE loan and announced a 10 MW/100 MWh Z3 project with MN8 Energy serving Google's West Virginia data centers.
Key figures
- Revenue
- 82731000
- Guidance
- Full-year 2026 revenue in the lower half of the $300M-$350M range
- Revenue Yoy
- 171%
- Backlog
- $765 million (3.2 GWh), up 19% YoY
- Pipeline
- $24.9 billion
- Gross margin
- -53%
- Doe loan advance
- $87 million
- Adjusted gross margin
- -44%
- Adjusted ebitda margin
- -77%
- Cash and restricted cash
- $344.1 million
- Gwh discharged cumulative
- 6.9 GWh
- Gross margin improvement yoy
- 58 percentage points
- Net income attributable to shareholders
- 125043000
AI analysis
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