Eos Energy Enterprises, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
EOSE$1.74-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows for the Years Ended
EOS ENERGY ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(969,647) | $(685,870) |
| Adjustment to reconcile net loss to net cash used in operating activities | ||
| Stock-based compensation | 24,876 | 18,780 |
| Depreciation and amortization | 14,183 | 7,899 |
| Loss from write-down of property, plant and equipment | 1,781 | 9,133 |
| Amortization of right-of-use assets | 1,888 | 1,233 |
| Non-cash interest expense | 9,054 | 5,333 |
| Non-cash interest expense - related parties | 9,926 | 19,499 |
| (Gain) loss on debt extinguishment | 52,652 | (68,478) |
| Induced conversion expense | 63,471 | — |
| Change in fair value of debt - related party | (18,053) | (33,823) |
| Change in fair value of warrants | 279,861 | 171,226 |
| Change in fair value of derivatives - related parties | 383,275 | 405,388 |
| Change in fair value of derivatives | (76,467) | — |
| Other | (96) | 12,984 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (1,763) | 144 |
| Inventory | (22,423) | (20,498) |
| Accounts receivable | (3,957) | 349 |
| Vendor deposits | (2,919) | 350 |
| Contract assets | (1,676) | (5,737) |
| Grant receivable | (8,745) | 973 |
| Accounts payable | 62,139 | (4,565) |
| Accrued expenses | 3,266 | (14,687) |
| Operating lease liabilities | (1,764) | (1,448) |
| Contract liabilities | (8,868) | 19,739 |
| Other receivables | — | 7,500 |
| Other | (1,184) | 640 |
| Net cash used in operating activities | (211,190) | (153,936) |
| Cash flows from investing activities | ||
| Investment in internally developed software | (913) | (34) |
| Purchases of property, plant and equipment | (53,778) | (33,152) |
| Net cash used in investing activities | (54,691) | (33,186) |
| Cash flows from financing activities | ||
| Proceeds received from Credit and Securities Purchase Transaction, net - related party | 38,475 | 160,325 |
| Proceeds received from DOE Loan, net of fees paid to lender | 22,666 | 66,614 |
| Proceeds received from May 2025 Convertible Notes, net | 240,000 | — |
| Proceeds received from November 2025 Convertible Notes, net | 580,500 | — |
| Payment of debt extinguishment costs - related party | (1,680) | — |
| Payment of debt issuance costs - related party | (398) | (12,238) |
EOS ENERGY ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Payoff of Senior Secured Term Loan | — | (19,946) |
| Payment of debt and equity issuance costs | (6,591) | (5,905) |
| Payoff of Notes Payable - related party | (180,940) | — |
| Payoff of May 2025 Convertible Notes | (558,236) | — |
| Return of debt repurchase premium | 5,000 | — |
| Principal payments on finance lease obligations | (57) | (99) |
| Repayment of equipment financing facility | (1,613) | (3,326) |
| Proceeds from issuance of common stock | 539,310 | 14,089 |
| Proceeds from exercise of stock options | 2,522 | 56 |
| Proceeds from exercise of warrants | 108,618 | 7,492 |
| Repurchase of shares from employees for income tax withholding purposes | (488) | (1,228) |
| Net cash provided by financing activities | 787,088 | 205,834 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | (3) | (17) |
| Net increase in cash, cash equivalents and restricted cash | 521,204 | 18,695 |
| Cash, cash equivalents and restricted cash, beginning of year | 103,362 | 84,667 |
| Cash, cash equivalents and restricted cash, end of year | $624,566 | $103,362 |
| Non-cash investing and financing activities: | ||
| Right-of-use operating lease assets in exchange for lease liabilities | $19,399 | $109 |
| Fixed assets acquired with finance lease | 252 | — |
| Accrued and unpaid debt issuance costs | 519 | 3,278 |
| Accrued and unpaid capital expenditures | 22,327 | 1,298 |
| Remeasurement of preferred stock - related party | 770,661 | 278,330 |
| Issuance of convertible notes for interest paid-in-kind - related parties | 2,962 | 11,977 |
| Issuance of common stock upon settlement of AFG Convertible Notes | 148,121 | — |
| Paid-in kind interest added to principal | 3,632 | — |
| Down round deemed dividend | 4,456 | — |
| Issuance of DOE Warrants | 7,294 | — |
| Supplemental disclosures | ||
| Cash paid for interest | $8,403 | $4,395 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.