For the year ending 2025-12-31, EOSE had $521,204K increase in cash & cash equivalents over the period. -$264,968K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 114,203 | 15,606 | - | - |
| Cost of goods sold | 258,040 | 98,867 | - | - |
| Research and development | 28,542 | 22,758 | - | - |
| Selling, general and administrative expenses | 85,110 | 60,047 | - | - |
| Other segment items | 712,158 | 519,804 | - | - |
| Net loss | -969,647 | -685,870 | -229,506 | -229,813 |
| Stock-based compensation | 24,876 | 18,780 | 14,057 | 13,794 |
| Depreciation and amortization | 14,183 | 7,899 | 9,751 | 6,814 |
| Loss from write-down of property, plant and equipment | -1,781 | -9,133 | -7,159 | 6,846 |
| Amortization of right-of-use assets | 1,888 | 1,233 | 1,023 | 865 |
| Remeasurement of equity method investment | - | - | - | 0 |
| Income from equity in unconsolidated joint venture | - | - | - | 0 |
| Interest accretion and amortization of debt issuance costs | - | - | - | 1,886 |
| Non-cash interest expense-Nonrelated Party | 9,054 | 5,333 | 4,972 | - |
| Interest accretion and amortization of debt issuance costs - related party | - | - | - | 4,584 |
| Non-cash interest expense-Related Party | 9,926 | 19,499 | 36,903 | - |
| Commitment fee for sepa settled by common stock - related party | - | - | 0 | 1,061 |
| (gain) loss on debt extinguishment | -52,652 | 68,478 | -3,510 | -942 |
| 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 | 24,980 | - |
| Change in fair value of derivatives-Related Party | -383,275 | - | - | - |
| Change in fair value of derivatives - related parties | - | -405,388 | 9,983 | 11,728 |
| Change in fair value of derivatives-Nonrelated Party | 76,467 | - | - | - |
| Other | 96 | -12,984 | -1,850 | -5,918 |
| Prepaid expenses | 1,763 | -144 | -1,207 | -304 |
| Inventory | 22,423 | 20,498 | -6,190 | 10,284 |
| Accounts receivable | 3,957 | -349 | 1,713 | -234 |
| Vendor deposits | -2,919 | 350 | -2,377 | 6,808 |
| Contract assets | 1,676 | 5,737 | 6,322 | 631 |
| Grant receivable | 8,745 | -973 | 2,993 | - |
| Accounts payable | 62,139 | -4,565 | -11,475 | 19,516 |
| Accrued expenses | 3,266 | -14,687 | 19,349 | 5,079 |
| Accounts payable and accrued expenses-related parties | - | - | - | -1,200 |
| Provision for firm purchase commitments | - | - | - | 0 |
| Accounts payable and accrued expenses-related parties | - | - | 0 | - |
| Operating lease liabilities | -1,764 | -1,448 | -1,130 | -785 |
| Contract liabilities | -8,868 | 19,739 | 1,804 | 3,957 |
| Note payable | - | - | 0 | -19,637 |
| Other receivables | 0 | -7,500 | 7,500 | - |
| Other | 1,184 | -640 | 4,774 | 1,387 |
| Net cash used in operating activities | -211,190 | -153,936 | -145,018 | -196,857 |
| Investment in notes receivable | - | - | 0 | 261 |
| Proceeds from notes receivable | - | - | 0 | 3,163 |
| Business acquisition, net of cash acquired | - | - | - | 0 |
| Investment in joint venture | - | - | - | 0 |
| Purchases of intangible assets | - | 34 | 138 | - |
| Investment in internally developed software | 913 | - | - | - |
| Purchases of property, plant and equipment | 53,778 | 33,152 | 29,323 | 20,072 |
| Net cash used in investing activities | -54,691 | -33,186 | -29,461 | -17,170 |
| Proceeds received from credit and securities purchase transaction, net - related party | 38,475 | 160,325 | 0 | 97,992 |
| Proceeds received from doe loan, net of fees paid to lender | 22,666 | - | - | - |
| Proceeds received from may 2025 convertible notes, net-May2025Convertible Notes | 240,000 | - | - | - |
| Proceeds received from doe loan, net of fees paid to lender | - | 66,614 | - | - |
| Proceeds received from may 2025 convertible notes, net-November2025Convertible Notes | 580,500 | - | - | - |
| Proceeds from issuance of convertible notes payable related party, net of discount | - | 0 | 48,050 | 9,310 |
| Payment of debt extinguishment costs - related party-Related Party | 1,680 | - | - | - |
| Payment of debt and equity issuance costs-Related Party | 398 | 12,238 | 1,116 | - |
| Payoff of senior secured term loan | 0 | 19,946 | - | - |
| Payment of debt and equity issuance costs-Nonrelated Party | 6,591 | 5,905 | 3,046 | - |
| Payoff of notes payable - related party | 180,940 | - | - | 304 |
| Repurchase of may 2025 convertible notes | 558,236 | - | - | - |
| Payment of debt issuance costs | - | - | - | 12,398 |
| Return of debt repurchase premium | 5,000 | - | - | - |
| Principal payments on finance lease obligations | 57 | 99 | 96 | 14 |
| Repayment of other financing | - | - | - | 0 |
| Proceeds from equipment financing facility | - | - | 0 | 4,216 |
| Repayment of equipment financing facility | 1,613 | 3,326 | 2,867 | 1,913 |
| Proceeds from issuance of common stock | 539,310 | 14,089 | - | - |
| Issuance of common stock-At The Market Program | - | - | - | 38,626 |
| Proceeds from issuance of common stock and warrants | - | 0 | 192,167 | - |
| Issuance of common stock-Private Placement | - | - | - | 5,000 |
| Payment of equity issuance costs | - | 0 | 5,003 | - |
| Proceeds from exercise of stock options | 2,522 | 56 | 462 | 0 |
| Proceeds from exercise of warrants | 108,618 | 7,492 | 0 | 7 |
| Repurchase of shares from employees for income tax withholding purposes | 488 | 1,228 | 633 | 978 |
| Other | - | - | - | 0 |
| Net cash provided by financing activities | 787,088 | 205,834 | 227,918 | 139,544 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | -3 | -17 | 5 | 14 |
| Net increase in cash, cash equivalents and restricted cash | 521,204 | 18,695 | 53,444 | -74,469 |
| Cash, cash equivalents and restricted cash, beginning of year | 103,362 | 84,667 | 31,223 | 105,692 |
| Cash, cash equivalents and restricted cash, end of year | 624,566 | 103,362 | 84,667 | 31,223 |
Eos Energy Enterprises, Inc. (EOSE)
Eos Energy Enterprises, Inc. (EOSE)