Eos Energy Enterprises, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
EOSE$1.74-7.4%Stored close · as of Nov 10, 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)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income (loss) | $358,216 | $(849,194) |
| Adjustment to reconcile net income to net cash used in operating activities | ||
| Stock-based compensation | 19,027 | 19,664 |
| Depreciation and amortization | 18,989 | 8,980 |
| Loss on debt extinguishment | — | 52,652 |
| Loss from write-down of property, plant and equipment | 184 | 1,351 |
| Amortization of right-of-use assets | 2,189 | 1,270 |
| Non-cash interest expense | 26,712 | 4,263 |
| Non-cash interest expense - related parties | — | 9,204 |
| Change in fair value of debt - related party | 13,300 | (22,112) |
| Change in fair value of warrants | (223,886) | 252,836 |
| Change in fair value of derivatives | (108,710) | — |
| Change in fair value of derivatives - related parties | (346,235) | 369,710 |
| Loss on contingently issuable securities | 35,662 | — |
| Other | (8,738) | (6,133) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (1,427) | (1,440) |
| Inventory | (21,809) | (6,704) |
| Accounts receivable | (1,954) | (1,991) |
| Accounts receivable - related parties | (109) | — |
| Vendor deposits | (5,069) | (4,958) |
| Contract assets | (9,455) | (945) |
| Contract assets - related parties | (4,405) | — |
| Grant receivable | (28,280) | (9,965) |
| Accounts payable | 3,688 | 22,166 |
| Accrued expenses | 16,721 | 9,132 |
| Interest payable - related parties | — | 247 |
| Operating lease liabilities | 611 | (1,587) |
| Contract liabilities | (6,237) | (7,166) |
| Contract liabilities - related parties | 9,756 | — |
| Deferred tax liabilities | 4,671 | — |
| Other | (5,003) | (206) |
| Net cash used in operating activities | (261,591) | (160,926) |
| Cash flows from investing activities | ||
| Purchases of property, plant and equipment | (105,717) | (28,804) |
| Investment in equity method investment | (112,638) | — |
| Investment in internally developed software | (232) | (912) |
| Other investments | (368) | — |
| Net cash used in investing activities | (218,955) | (29,716) |
| Cash flows from financing activities | ||
| Principal payments on finance lease obligations | (69) | (39) |
| Proceeds from exercise of stock options | 74 | 758 |
| Proceeds from exercise of warrants | 3,280 | 14,215 |
EOS ENERGY ENTERPRISES, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Proceeds received from DOE Loan | 87,019 | 22,666 |
| Proceeds from the issuance of May 2025 Convertible Notes, net of discount | — | 240,000 |
| Proceeds received from Credit and Securities Purchase Transaction, net - related party | — | 38,475 |
| Payment of debt and equity issuance costs | (854) | (4,607) |
| Payoff of notes payable - related parties | — | (180,940) |
| Payment of debt extinguishment costs | — | (781) |
| Return of debt repurchase premium | — | 5,000 |
| Repayment of equipment financing facility | (122) | (1,255) |
| Proceeds from issuance of common stock | 112,738 | 81,075 |
| Repurchase of shares from employees for income tax withholding purposes | (2,001) | (488) |
| Net cash provided by financing activities | 200,065 | 214,079 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | — |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (280,481) | 23,437 |
| Cash, cash equivalents and restricted cash, beginning of the period | 624,566 | 103,362 |
| Cash, cash equivalents and restricted cash, end of the period | $344,085 | $126,799 |
| Non-cash investing and financing activities | ||
| Accrued and unpaid capital expenditures | $11,291 | $12,441 |
| Accrued and unpaid investment in internally developed software | $718 | $— |
| Warrants issued for formation of joint venture | $151,034 | $— |
| HBC Exchange Right/CCM Call Option for formation of joint venture | $33,970 | $— |
| Paid-in-kind interest added to principal | $3,416 | $5,433 |
| Accrued and unpaid debt issuance costs | $388 | $1,910 |
| Down round deemed dividend | $13,802 | $4,456 |
| Remeasurement of preferred stock - related party | $(897,796) | $632,483 |
| Fixed assets acquired with finance lease | $24 | $181 |
| Right-of-use operating lease assets in exchange for lease liabilities | $9,116 | $672 |
| Reclassification of Contingently Issuable securities to equity | $21,496 | $— |
| Reclassification of embedded derivative to additional paid in capital | $133,231 | $— |
| Issuance of Rights | $2,264 | $— |
| Issuance of common stock from conversion of AFG Notes | $— | $102,457 |
| Supplemental disclosures | ||
| Cash paid for interest | $7,147 | $166 |
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