Eos Energy Enterprises, Inc. (EOSE) Form 10-Q — Nov 5, 2026
Eos Energy Enterprises reported Q3 2026 total revenue of $82.7M, up from $30.5M a year ago, but $68.4M of that came from related-party sales to the FPUSA joint venture it partially funded. The company remains deeply unprofitable on a gross basis, with a nine-month gross loss of $137.4M. Despite a GAAP nine-month net income of $358.2M, this was driven almost entirely by non-cash gains on warrant and derivative fair value remeasurements ($678.8M combined), not operations. Diluted EPS for the nine months was negative at -$0.44.
Key figures
- Revenue
- 208469000
- Net Income
- 358216000
- Total Debt
- 1040137000
- Total Assets
- 1068485000
- Cash Position
- 271162000
- Shares Outstanding
- 366363999
- Q3 basic eps
- 0.64
- Q3 total revenue
- 82731000
- Warrants liability
- 57616000
- Q3 related party revenue
- 68447000
- Common stock price q3 end
- 3.07
- Q3 net income attributable
- 125043000
- Doe loan facility principal
- 177964000
- Preferred stock related party
- 463746000
- Net cash financing nine months
- 200065000
- Spa warrant liability related party
- 135750000
- May 2025 convertible notes principal
- 50000000
- November 2025 convertible notes principal
- 600000000
- Customer concentration top4 nine months pct
- 85.2
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