EOS ENERGY ENTERPRISES INC C/WTS 17/11/2025(TO PUR COM) | 8-K: FY2025 Q2 Revenue: USD 15.24 M

Revenue: As of FY2025 Q2, the actual value is USD 15.24 M.

EPS: As of FY2025 Q2, the actual value is USD -1.05.

EBIT: As of FY2025 Q2, the actual value is USD -213.36 M.

Segment Revenue

• Record quarterly revenue of $15.2 million, a 46% increase compared to the prior quarter and up 17x from the same period last year, driven by increased production volumes.

Operational Metrics

• Gross loss of $31.0 million, a 32-point margin improvement from the prior quarter, driven by increased production volumes and operational efficiencies partially offset by one-time lower than average selling prices.
• Operating expenses totaled $32.9 million, a decrease from prior quarter excluding $5.4 million in one-time non-recurring items.
• Net loss attributable to shareholders was $222.9 million, driven by $151.8 million non-cash changes in fair value tied to mark-to-market adjustments related to the Company’s increased stock price as of June 30, 2025, loss recorded for the repurchase of the Company’s outstanding 2026 convertible notes, and loss recorded as part of the prepayment under the Delayed Draw Term Loan.
• Adjusted EBITDA loss of $51.6 million, a 75-point margin improvement from prior quarter, driven by improved gross margins and operational leverage.

Cash Flow

• Total cash of $183.2 million, including restricted cash, as of June 30, 2025.
• Net cash used in operating activities was - $95.0 million for the six months ended June 30, 2025.
• Net cash used in investing activities was - $12.0 million for the six months ended June 30, 2025.
• Net cash provided by financing activities was $186.8 million for the six months ended June 30, 2025.

Unique Metrics

• Commercial opportunity pipeline of $18.8 billion, an increase of 21% compared to prior quarter and 37% compared to June 30, 2024, with a $672.5 million orders backlog.
• Factory shipments increased 122% quarter-over-quarter, with 50% of the production volume delivered for a strategic customer project.

Outlook / Guidance

• Eos reaffirms 2025 full year revenue guidance range of $150 million - $190 million.
• The company is implementing subassembly automation which should more than double the throughput of the battery module line, allowing the company to ramp production in the second half of 2025 to an annualized rate of 2 GWh per year.
• Eos is well-positioned to meet evolving Foreign Entity of Concern (FEOC) requirements offering customers both energy security and the ability to maximize domestic energy incentives.