Eos Energy Enterprises, Inc.
For the period ended Mar 31, 2026. Filed May 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 13, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows for the
EOS ENERGY ENTERPRISES, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income | $508,883 | $15,136 |
| Adjustment to reconcile net income to net cash used in operating activities | ||
| Stock-based compensation | 5,902 | 7,574 |
| Depreciation and amortization | 5,394 | 2,680 |
| Loss from write-down of property, plant and equipment | 71 | 561 |
| Amortization of right-of-use assets | 780 | 373 |
| Non-cash interest expense | 8,730 | 899 |
| Non-cash interest expense - related parties | — | 2,457 |
| Change in fair value of debt - related party | 4,232 | 5,933 |
| Change in fair value of warrants | (168,725) | (45,925) |
| Change in fair value of derivatives | (165,935) | — |
| Change in fair value of derivatives - related parties | (267,230) | (34,586) |
| Other | (205) | (821) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (688) | (337) |
| Inventory | 571 | (6,101) |
| Accounts receivable | 2,878 | (4,107) |
| Vendor deposits | (2,613) | (1,681) |
| Contract assets | (25,531) | (140) |
| Grant receivable | (10,341) | (1,799) |
| Accounts payable | (14,814) | 8,130 |
| Accrued expenses | 7,213 | (380) |
| Interest payable - related parties | — | 3,324 |
| Operating lease liabilities | 399 | (445) |
| Contract liabilities | (8,529) | 17,064 |
| Other | (177) | 3,267 |
| Net cash used in operating activities | (119,735) | (28,924) |
| Cash flows from investing activities | ||
| Investment in internally developed software | (76) | — |
| Purchases of property, plant and equipment | (35,062) | (4,918) |
| Net cash used in investing activities | (35,138) | (4,918) |
| Cash flows from financing activities | ||
| Principal payments on finance lease obligations | (20) | (11) |
| Proceeds from exercise of stock options | 3 | 319 |
| Proceeds from exercise of warrants | 3,280 | 7,029 |
| Proceeds received from Credit and Securities Purchase Transaction, net - related party | — | 38,475 |
| Payment of debt issuance costs | (468) | (2,250) |
| Repayment of equipment financing facility | (122) | (912) |
EOS ENERGY ENTERPRISES, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Repurchase of shares from employees for income tax withholding purposes | — | (488) |
| Net cash provided by financing activities | 2,673 | 42,162 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 2 | 12 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (152,198) | 8,332 |
| Cash, cash equivalents and restricted cash, beginning of the period | 624,566 | 103,362 |
| Cash, cash equivalents and restricted cash, end of the period | $472,368 | $111,694 |
| Non-cash investing and financing activities | ||
| Accrued and unpaid capital expenditures | $20,666 | $730 |
| Accrued and unpaid investment in internally developed software | $323 | $— |
| Paid-in kind interest added to principal | $1,102 | $789 |
| Accrued and unpaid debt issuance costs | $51 | $1,581 |
| Remeasurement of preferred stock - related party | $(778,878) | $(79,997) |
| Right-of-use operating lease assets in exchange for lease liabilities | $1,829 | $25 |
| Supplemental disclosures | ||
| Cash paid for interest | $5 | $73 |
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