EOSE Eos Energy Enterprises, Inc.
Price Chart
Executive Summary
Eos Energy reported Q1 2026 revenue of $57.0M (+445% YoY) but a massive EPS miss of -$0.88 vs consensus -$0.24 (-273.2% miss). Net income of $508.9M was driven entirely by non-cash mark-to-market gains on derivatives and warrants, masking an operating loss of -$79.3M and negative adjusted EBITDA of -$68.0M. The company reaffirmed 2026 revenue guidance of $300M-$400M and announced a joint venture with Cerberus (Frontier Power USA) with a $100M equity commitment, but the core business remains deeply unprofitable with negative gross margins.
Key Financial Metrics
Actionable Insight
The massive EPS miss and continued cash burn (-$119.7M operating cash flow) overshadow the revenue beat and Cerberus JV. With only $472M cash and negative gross margins, the company needs to demonstrate a clear path to positive unit economics. The JV with Cerberus provides a capital source but Eos must contribute ~$150M. Watch for shareholder vote on authorized share increase and rights offering details — dilution risk is high.
Key Facts
- Q1 2026 revenue $57.0M (+445% YoY) vs consensus $56.4M — slight beat
- GAAP EPS -$0.88 vs consensus -$0.24 — 273.2% miss
- Gross loss of -$44.4M (negative 78% gross margin), though improved from -234.7% a year ago
- Operating loss -$79.3M, adjusted EBITDA loss -$68.0M
- Net income of $508.9M entirely from non-cash fair value changes on warrants and derivatives ($601.9M gain)
- Cash burn: operating cash flow -$119.7M in Q1; total cash $472.4M (down from $624.6M at year-end)
- Reaffirmed 2026 revenue guidance $300M-$400M
- Announced Frontier Power USA JV with Cerberus ($100M equity commitment) and 2 GWh capacity reservation agreement
- Backlog $644.6M (2.6 GWh); pipeline $24.3B (+56% YoY)
Financial Impact
EPS miss of -$0.64 vs consensus; operating cash burn of -$119.7M in the quarter; negative gross margin of -78%
Risk Factors
- EPS miss of 273% vs consensus will likely trigger significant sell-off
- Negative gross margins (-78%) despite 445% revenue growth — path to profitability unclear
- Operating cash burn of -$119.7M in a single quarter; cash runway limited
- Dilution risk from potential rights offering to fund JV contribution
- Net income entirely dependent on non-cash mark-to-market gains — not sustainable
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3293810 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
4d ago
|
8-K
| $8.07 awaiting T+5 | awaiting T+5 | — | $6.26 (−22.43%) |
|
May 19, 2026
21d ago
|
144
| $7.11 $8.61 | ▲ +21.10% | ▲ +19.86% | $6.26 (−11.95%) |
|
May 13, 2026
27d ago
|
8-K
| $8.28 $6.88 | ▼ −16.91% | ▼ −15.75% | $6.26 (−24.40%) |
|
May 13, 2026
27d ago
|
Press Release
| $8.28 $6.88 | ▲ +16.91% | ▲ +15.75% | $6.26 (+24.40%) |
|
May 13, 2026
27d ago
|
S-3ASR
| $8.28 $6.88 | ▲ +16.91% | ▲ +15.75% | $6.26 (+24.40%) |
|
Apr 23, 2026
6w ago
|
Press Release
| $7.67 $6.70 | ▼ −12.65% | ▼ −13.56% | $6.26 (−18.38%) |
|
Apr 9, 2026
8w ago
|
8-K
| $5.95 $7.11 | ▲ +19.50% | ▲ +16.31% | $6.26 (+5.21%) |
|
Apr 9, 2026
8w ago
|
Press Release
| $5.95 $7.11 | ▲ +19.50% | ▲ +16.31% | $6.26 (+5.21%) |
|
Mar 31, 2026
10w ago
|
DEFA14A
| $4.96 $4.59 | ▼ −7.46% | ▼ −11.40% | $6.26 (+26.21%) |
|
Mar 2, 2026
14w ago
|
Insider Cluster
| $5.90 $6.17 | ▲ +4.58% | ▲ +5.78% | $6.26 (+6.10%) |
US Market Status
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