Earnings Releases·Nov 5, 2026, 6:47 AM ET

Eos Energy Enterprises — Third Quarter 2026 Earnings Summary

Revenue reached $82.7 million, a 171% year-over-year and 20% sequential increase, while gross margin improved 58 percentage points year-over-year to negative 53%.
Full-year 2026 revenue guidance remains reaffirmed in the lower half of the $300 million to $350 million range, despite temporary fourth-quarter capacity impacts from manufacturing consolidation at the Thorn Hill facility.
The company secured $87 million in the first advance of the second DOE loan tranche and reported a backlog of $765 million (3.2 GWh), up 19% year-over-year.
Strategic manufacturing consolidation is underway to establish a single-site footprint at Thorn Hill, expected to resume full production near the end of Q1 2027 with upgraded capabilities and lower costs.
Net income was $125.0 million driven by non-cash mark-to-market gains, while cash and restricted cash totaled $344.1 million as of September 30, 2026.