EOSE EOSE
2026-08-20
▼SobrevaloradaEOSE
Market dashboard
2024-08-20 → 2026-08-20Last close
$3.46
first $1.89
Return (2y)
+83.1%
positive
Range
$2–$19
502 sessions
Fundamentals
Revenue (FY)
Net income (FY)
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Unlock with PremiumExecutive summary
Eos Energy Enterprises has posted explosive revenue growth, rising from $15.6M in FY2024 to $114.2M in FY2025 (+632%), and continuing to grow in Q1/Q2 2026 ($56.96M and $68.78M, respectively). However, this growth has come at the cost of massive and widening losses: gross margin was -126% in FY2025, operating margin -227%, and net margin -849%. The company remains deeply unprofitable at every level, with negative gross, operating, and net income in all reported periods except for a one-off positive net result in Q1 2026 ($508.9M, likely from a non-operating gain).
Verdict
Sobrevalorada
Stock evolution (2y)
The stock ranged from a low of $1.89 (Aug 2024) to a high of $19.19 (around Nov 2025-Jan 2026), before collapsing to $3.46 by Aug 2026. Over the full two-year window the total return was +83.1%, but this masks extreme volatility: the stock lost -42.2% over the last 12 months, and the sample shows a steady decline from $16.88 in mid-Jan 2026 to $3.98-4.16 in late July-Aug 2026. The share count also grew from 226.6M (FY2024) to 364.2M (Q2 2026), indicating significant dilution.
Future catalysts
- ▸Continued revenue acceleration, with Q2 2026 revenue ($68.78M) exceeding Q1 2026 ($56.96M), suggesting growing commercial traction.
- ▸Potential strategic or governmental support for energy storage, given the sector's long-term tailwinds and the company's focus on zinc-based batteries.
Key risks
- ▸Persistent negative gross and operating margins, indicating the business model is still far from breakeven and requires continuous external funding.
- ▸High financial risk: negative equity (-$1.03B), debt/cash ratio of 0.49, and dependence on fresh capital or debt to sustain operations.
- ▸Legal investigations and elevated short interest (32.09%), which could drive further downside if negative headlines continue.
- ▸Massive dilution risk given the increase in shares outstanding from 226.6M to 364.2M, potentially pressuring per-share value.
Key financial drivers
Revenue growth was the primary positive driver, but profitability remained elusive. Gross losses expanded from -$83.3M (FY2024) to -$143.8M (FY2025) and continued at -$44.4M (Q1 2026) and -$48.8M (Q2 2026). Operating losses followed a similar trend, reaching -$259.3M in FY2025. The balance sheet deteriorated to negative equity of -$1.03B in Q2 2026, with long-term debt of $617.1M and cash of $305.5M. A large capital raise in FY2025 boosted cash from $74.3M to $568.0M, but burn quickly reduced it.
Informational only: This report is descriptive analysis of public SEC data (Form 4 filings, financial statements) and public market data. It is general, non-personalised information — NOT investment advice within the meaning of Spanish Law 6/2023 nor an investment recommendation under Regulation (EU) 596/2014 (MAR). It does not consider your financial situation, objectives or risk profile. Historical performance does not guarantee future results. Verify data against primary sources and make your own decisions or consult a registered adviser.
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