Eos Energy Enterprises Q3 revenue jumps on higher cube shipments
EOSE•Eos Energy Enterprises’ Q3 revenue rose 171% year over year to a record $82.7 million, as cube shipments increased 216%. The company expects 2026 revenue in the lower half of its $300 million-$350 million range and said manufacturing consolidation will temporarily affect capacity and shipment timing.
1. Revenue and margins
Eos Energy Enterprises reported record third-quarter revenue of $82.7 million, up 171% year over year, driven by a 216% increase in cube shipments and 23% sequential growth. Gross margin and adjusted EBITDA margin improved year over year but remained negative. Net income was $125.04 million, driven by non-cash gains on warrants and debt; operating loss was $79.32 million.
2. 2026 outlook
The company expects 2026 revenue in the lower half of its $300 million-$350 million range. It expects lower fourth-quarter capacity due to the Thorn Hill transition, which will temporarily affect production capacity and shipment timing, and said efficiency should improve in future quarters.
3. Cost and production changes
Gross margin improved with lower material costs, higher production volumes and lower conversion costs. Productivity improvements at the Thorn Hill facility and Line 2 yield parity contributed to operational improvements.
