← Eos Energy Enterprises, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($79.5m) | ($68.8m) | ($124.2m) | ($229.8m) | ($229.5m) | ($685.9m) | ($969.6m) | — | |
| Depreciation and amortization | $2.1m | $1.6m | $2.6m | $6.8m | $9.8m | $7.9m | $14.2m | $22.6m | |
| Amortization of right-of-use assets | — | — | $924k | $865k | $1.0m | $1.2m | $1.9m | — | |
| Stock-based compensation | $135k | $5.1m | $15.1m | $13.8m | $14.1m | $18.8m | $24.9m | $22.3m | |
| Accounts receivable | $0 | $0 | ($1.9m) | $234k | ($1.7m) | $349k | ($4.0m) | ($44.0m) | |
| Other receivables | — | — | — | $0 | ($7.5m) | $7.5m | $0 | — | |
| Inventory | $634k | ($214k) | ($10.1m) | ($10.3m) | $6.2m | ($20.5m) | ($22.4m) | ($38.9m) | |
| Accounts payable | ($681k) | ($1.8m) | $5.8m | $19.5m | ($11.5m) | ($4.6m) | $62.1m | $64.4m | |
| Accrued expenses | ($1.5m) | $3.1m | $2.6m | $5.1m | $19.3m | ($14.7m) | $3.3m | $12.0m | |
| Accrued and unpaid debt issuance costs | — | — | $0 | $5.5m | $0 | $3.3m | $519k | — | |
| Accrued and unpaid capital expenditures | $93k | $374k | $576k | $2.6m | $548k | $1.3m | $22.3m | — | |
| Other | ($52k) | $0 | $432k | $0 | ($4.8m) | $640k | ($1.2m) | — | |
| Net cash used in operating activities | ($23.8m) |
($26.6m)
-11.43%
|
($116.1m)
-337.32%
|
($196.9m)
-69.49%
|
($145.0m)
+26.33%
|
($153.9m)
-6.15%
|
($211.2m)
-37.19%
|
($307.9m)
-45.79%
|
|
| Loss from write-down of property, plant and equipment | $0 | $31k | $50k | $6.8m | $7.2m | $9.1m | $1.8m | — | |
| Purchases of property, plant and equipment | ($2.3m) | ($3.6m) | ($15.6m) | ($20.1m) | ($29.3m) | ($33.2m) | ($53.8m) | — | |
| Repayment of equipment financing facility | $0 | $0 | ($455k) | ($1.9m) | ($2.9m) | ($3.3m) | ($1.6m) | — | |
| Net cash used in investing activities | ($2.9m) | ($6.6m) | ($23.3m) | ($17.2m) | ($29.5m) | ($33.2m) | ($54.7m) | ($113.3m) | |
| (Gain) loss on debt extinguishment | $6.1m | $0 | ($1.3m) | $942k | $3.5m | ($68.5m) | $52.7m | — | |
| Change in fair value of debt - related party | — | — | — | — | $0 | ($33.8m) | ($18.1m) | — | |
| Payment of debt extinguishment costs - related party | — | — | — | — | — | $0 | ($1.7m) | — | |
| Payment of debt and equity issuance costs | $0 | $0 | ($4.4m) | ($12.4m) | ($4.2m) | ($18.1m) | ($7.0m) | — | |
| Return of debt repurchase premium | — | — | — | — | — | $0 | $5.0m | — | |
| Proceeds from issuance of common stock | — | — | $0 | $43.6m | $92.9m | $14.1m | $539.3m | $698.2m | |
| Issuance of common stock upon settlement of AFG Convertible Notes | — | — | $0 | $7.5m | $51.0m | $0 | $148.1m | $698.2m | |
| Down round deemed dividend | — | — | — | — | — | $0 | $4.5m | — | |
| Net cash provided by financing activities | $22.1m |
$154.2m
+597.69%
|
$123.3m
-20.01%
|
$139.5m
+13.15%
|
$227.9m
+63.33%
|
$205.8m
-9.69%
|
$787.1m
+282.39%
|
$602.1m
-23.51%
|
|
| Cash, cash equivalents and restricted cash, beginning of year | $862k | $121.9m | $105.7m | $31.2m | $84.7m | $103.4m | $624.6m | — | |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | — | — | $0 | $14k | $5k | ($17k) | ($3k) | — | |
| Net increase in cash, cash equivalents and restricted cash | ($4.6m) | $121.0m | ($16.2m) | ($74.5m) | $53.4m | $18.7m | $521.2m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Non-cash interest expense | $0 | $0 | $2.9m | $6.3m | $41.9m | $24.8m | $19.0m | — | |
| Induced conversion expense | — | — | — | — | — | $0 | $63.5m | — | |
| Change in fair value of warrants | $0 | $2.1m | ($1.8m) | ($848k) | $25.0m | $171.2m | $279.9m | — | |
| Change in fair value of derivatives | — | — | — | — | — | $405.4m | $306.8m | — | |
| Prepaid expenses | ($462k) | ($1.6m) | ($284k) | $304k | $1.2m | $144k | ($1.8m) | — | |
| Vendor deposits | $109k | ($593k) | ($7.4m) | $6.8m | ($2.4m) | $350k | ($2.9m) | — | |
| Contract assets | — | — | ($1.4m) | ($631k) | ($6.3m) | ($5.7m) | ($1.7m) | — | |
| Grant receivable | — | — | — | $0 | ($3.0m) | $973k | ($8.7m) | — | |
| Operating lease liabilities | $0 | $0 | ($846k) | ($785k) | ($1.1m) | ($1.4m) | ($1.8m) | — | |
| Contract liabilities | ($468k) | ($223k) | $772k | $4.0m | $1.8m | $19.7m | ($8.9m) | — | |
| Investment in internally developed software | — | — | — | — | — | ($34k) | ($913k) | — | |
| Proceeds received from Credit and Securities Purchase Transaction, net - related party | — | — | $0 | $98.0m | $0 | $160.3m | $38.5m | — | |
| Proceeds received from DOE Loan, net of fees paid to lender | — | — | — | — | $0 | $66.6m | $22.7m | — | |
| Proceeds received from May 2025 Convertible Notes, net | $19.3m | $9.0m | $100.0m | $9.3m | $48.0m | $0 | $820.5m | — | |
| Payoff of Senior Secured Term Loan | — | — | — | — | $0 | ($19.9m) | $0 | — | |
| Payoff of Notes Payable - related party | — | — | $0 | ($304k) | — | $0 | ($180.9m) | — | |
| Repurchase of May 2025 Convertible Notes | — | — | — | — | — | $0 | ($558.2m) | — | |
| Principal payments on finance lease obligations | ($72k) | ($15k) | ($11k) | ($14k) | ($96k) | ($99k) | ($57k) | — | |
| Proceeds from exercise of stock options | $0 | $0 | $1.1m | $0 | $462k | $56k | $2.5m | — | |
| Proceeds from exercise of warrants | $0 | $0 | $20.1m | $7k | $0 | $7.5m | $108.6m | — | |
| Repurchase of shares from employees for income tax withholding purposes | $0 | $0 | ($353k) | ($978k) | ($633k) | ($1.2m) | ($488k) | — | |
| Right-of-use operating lease assets in exchange for lease liabilities | $0 | $0 | $4.4m | $2.1m | $718k | $109k | $19.4m | — | |
| Fixed assets acquired with finance lease | $0 | $0 | $21k | $147k | $125k | $0 | $252k | — | |
| Remeasurement of preferred stock - related party | — | — | — | — | $0 | $278.3m | $770.7m | — | |
| Issuance of convertible notes for interest paid-in-kind - related parties | $6k | $118k | $157k | $6.3m | $10.3m | $12.0m | $3.0m | — | |
| Paid-in kind interest added to principal | $6k | $118k | $157k | $5.8m | $15.1m | $0 | $3.6m | — | |
| Issuance of DOE Warrants | — | — | — | — | — | $0 | $7.3m | — | |
| Cash paid for interest | $6k | $118k | $157k | $5.8m | $15.1m | $4.4m | $8.4m | — |