Quarterly ResultMay 13, 2026, 06:47 AM
Eos Energy Q1 Net Income $508.9M; Revenue +445% to $57.0M
AI Summary
Eos Energy Enterprises reported a significant increase in net income to $508.9 million for Q1 2026, up from $15.1 million in Q1 2025, primarily driven by substantial non-cash fair value adjustments of warrants, derivatives, and preferred stock. Revenue surged by 445% to $57.0 million. Despite the strong top-line growth, the company's gross loss increased, and net cash used in operating activities rose to $119.7 million, while total liabilities decreased significantly.
Key Highlights
- Net income attributable to shareholders increased to $508.9 million from $15.1 million YoY.
- Revenue surged 445% to $57.0 million in Q1 2026 from $10.5 million YoY.
- Basic EPS rose to $2.43 from $0.42, and diluted EPS turned positive at $0.12.
- Gross loss increased to $44.4 million from $24.5 million in the prior year.
- Net cash used in operating activities increased to $119.7 million from $28.9 million.
- Total liabilities decreased significantly to $1.09 billion from $1.76 billion.
- Shareholders' deficit improved to $(868.4) million from $(2.24) billion.
- PTC credits recognized as a reduction of COGS increased to $10.3 million.