Eos Energy Enterprises, Inc. has recently released its 10-K report, providing a detailed look at the company's financial performance and strategic initiatives. The company, headquartered in Edison, New Jersey, specializes in designing, developing, manufacturing, and marketing energy storage solutions for utility-scale, microgrid, and commercial and industrial applications in the United States. Eos Energy Enterprises offers Znyth technology battery energy storage systems (BESS), Z3 battery modules, battery management systems, project management and commissioning services, and long-term maintenance plans.
In the 10-K report, Eos Energy Enterprises discussed its growth strategy, which includes increasing sales of battery energy storage systems and related software and services through a direct sales team and sales channel partners. The company's target customers include utilities, project developers, independent power producers, and commercial and industrial companies.
The report also highlighted the company's financial achievements and significant events in 2025. Eos Energy Enterprises reported a substantial increase in revenue, with a 632% change for the year ended December 31, 2025, compared to the previous year. The company generated $114.2 million in revenue in 2025, compared to $15.6 million in 2024. This increase was attributed to higher production and deliveries, as well as improved pricing.
However, the cost of goods sold also saw a significant increase, totaling $258 million in 2025 compared to $98.9 million in 2024, representing a 161% change. The company explained that the cost of goods sold primarily consists of direct costs related to labor, material, and overhead directly tied to product assembly, procurement, and construction, as well as indirect costs such as manufacturing overhead.
Eos Energy Enterprises discussed the impact of the Inflation Reduction Act of 2022 (IRA) on its business, highlighting the economic incentives for energy storage customers and manufacturers for projects placed in service after December 31, 2022. The company also emphasized the benefits of the Production Tax Credits under Internal Revenue Code 45X (PTC) for battery components manufactured in the U.S. and sold to U.S. or foreign customers.
The report also detailed key events and milestones achieved by Eos Energy Enterprises in 2025. These included securing a significant order for energy storage systems for the Naval Base of San Diego, appointing a new Chief Operating Officer, launching a new proprietary battery management system, and entering into strategic collaborations and agreements with various companies and organizations.
Additionally, the report highlighted the company's successful fundraising activities, including offerings of common stock and convertible notes, which resulted in substantial net proceeds. Eos Energy Enterprises also received a loan advance from the DOE Loan Programs Office and closed its offering of November 2025 Convertible Notes, further strengthening its financial position.
Today the company's shares have moved 3.38% to a price of $17.45. Check out the company's full 10-K submission here.
