EOS Energy Enterprises | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 68.78 M

Revenue: As of FY2026 Q2, the actual value is USD 68.78 M, beating the estimate of USD 68.68 M.

EPS: As of FY2026 Q2, the actual value is USD -1.2.

EBIT: As of FY2026 Q2, the actual value is USD -267.37 M.

Second Quarter 2026 Financial Highlights

Eos Energy Enterprises, Inc. reported total revenue of $68.8 million for the second quarter ended June 30, 2026, marking a 351% year-over-year increase, driven by 207% higher cube deliveries compared to the prior-year period. Revenue from a related party contributed $55.0 million to the total revenue. The combined revenue over the last two quarters surpassed the full-year 2025 revenue.

Gross Profit/Loss and Margin

The company experienced a gross loss of - $48.8 million in Q2 2026, compared to - $31.0 million in the prior-year period. The gross margin improved by 132 percentage points year over year and 7 percentage points sequentially, reaching -71%. Adjusted gross loss, excluding stock-based compensation and depreciation, was - $42.9 million.

Operating Performance

Operating loss for Q2 2026 was - $83.8 million. Total operating expenses amounted to $35.0 million.

Net Loss

Net loss attributable to shareholders totaled - $275.7 million.

Adjusted EBITDA

Adjusted EBITDA loss was - $71.4 million, compared to an adjusted EBITDA loss of - $51.6 million in the prior-year period. The Adjusted EBITDA margin improved by 235 percentage points year over year and 16 percentage points sequentially.

Cash and Cash Flow

As of June 30, 2026, total cash, including restricted cash, was $364.1 million. For the six months ended June 30, 2026, net cash used in operating activities was - $191.8 million, while net cash used in investing activities was - $70.6 million. Net cash provided by financing activities was $1.8 million.

Backlog and Pipeline

Backlog expanded to a record $807 million, representing 3.4 GWh, which is up 25% sequentially and 20% year over year. The commercial opportunity pipeline stood at $24.6 billion as of June 30, 2026. Eos Energy Enterprises, Inc. surpassed 6.5 GWh of cumulative energy discharged by its technology.

Outlook / Guidance

Eos Energy Enterprises, Inc. tightened its full-year 2026 revenue guidance to a range of $300 million to $350 million, from the prior range of $300 million to $400 million. This revised outlook is based on the company’s evaluation of the timing for consolidating its production lines into a single manufacturing facility. This consolidation is expected to enhance manufacturing efficiency, optimize capacity utilization, improve margins, and strengthen the company’s long-term operating profile.