Eos Energy Enterprises, Inc. (EOSE) Balance Sheet
EOSE balance sheet, 2025
December 31, 2025 · U.S. dollars$885.2M assets = $1.76B liabilities + −$877.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$877.3M).
Both columns are drawn to the same scale: what EOSE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EOSE financial health
Descriptive bands, not a rating. Fiscal 2025.
EOSE balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $15.0M2018 | $885.2M2025 | +79.0%/yr | |
| Total liabilities | $13.9M2018 | $1.76B2025 | +99.8%/yr | |
| Shareholders’ equity | $1.2M2018 | −$877.3M2025 | — | |
| Cash & short-term investments | $5.5M2018 | $602.6M2025 | +95.6%/yr | |
| Total debt | $3.5M2018 | $834.7M2025 | +119.0%/yr | |
| Net cash (debt) | $2.0M2018 | −$232.1M2025 | −$234.1M | |
| Working capital | −$5.3M2018 | $564.9M2025 | +$570.3M | |
| Book value per share | −$0.872023 | −$3.362025 | — | |
| Current ratio | 0.582018 | 4.942025 | +4.35 | |
| Debt / equity | 2.942018 | 3.502021 | +0.56 | |
| Shares outstanding | 127.0M2023 | 260.8M2025 | +43.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EOSE assets
EOSE liabilities and equity
EOSE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EOSE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $602.6M | $74.3M | $69.5M | $17.1M | $104.8M | $121.9M | $862,000 | $5.5M |
| Cash & equivalents | $602.6M | $74.3M | $69.5M | $17.1M | $104.8M | $121.9M | $862,000 | $5.5M |
| Receivables | $31.8M | $40.1M | $20.5M | $3.8M | $3.4M | $131,000 | $4.4M | $701,000 |
| Inventory | $70.8M | $32.8M | $17.1M | $23.3M | $13.0M | $214,000 | $0 | $801,000 |
| Other current assets | $3.3M | $32.6M | $15.3M | $11.0M | $21.4M | $5.2M | $736,000 | $360,000 |
| Total current assets | $708.5M | $179.9M | $122.3M | $55.1M | $142.6M | $127.4M | $6.0M | $7.4M |
| Property, plant & equipment (net) | $134.8M | $48.6M | $41.9M | $31.5M | $16.4M | $5.7M | $5.3M | $6.5M |
| Goodwill & intangible assets | $5.3M | $4.6M | $4.6M | $4.6M | $4.6M | $320,000 | $360,000 | $400,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $3.7M | $589,000 | $0 |
| Other non-current assets | $36.6M | $27.3M | $17.6M | $15.6M | $5.6M | $1.2M | $808,000 | $744,000 |
| Total assets | $885.2M | $260.3M | $186.5M | $106.8M | $169.2M | $138.3M | $13.1M | $15.0M |
| Liabilities | ||||||||
| Accounts payable | $99.9M | $16.7M | $20.5M | $34.7M | $12.5M | $5.9M | $8.2M | $9.2M |
| Short-term debt | $2.4M | $3.9M | $4.8M | $6.7M | $7.7M | $924,000 | $76.6M | $3.4M |
| Deferred revenue | $15.0M | $22.0M | $3.1M | $3.9M | $849,000 | $1.6M | $300,000 | — |
| Total current liabilities | $143.5M | $65.0M | $60.9M | $60.6M | $29.9M | $13.6M | $86.7M | $12.7M |
| Long-term debt | $812.9M | $314.9M | $200.5M | $170.3M | $4.7M | $284,000 | $0 | $0 |
| Lease obligations | $21.1M | $3.5M | $4.8M | $5.2M | $4.3M | $15,000 | $30,000 | — |
| Other long-term liabilities | $806.1M | $950.9M | $35.9M | $8.7M | $102.1M | $3.6M | $680,000 | $1.2M |
| Total liabilities | $1.76B | $1.33B | $297.3M | $239.5M | $136.7M | $17.5M | $87.4M | $13.9M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $32,000 | $23,000 | $21,000 | $9,000 | $5,000 | $17.6M | — | $20.2M |
| Retained earnings (deficit) | −$2.54B | −$1.56B | −$875.8M | −$646.3M | −$416.5M | −$292.3M | −$204.1M | −$124.6M |
| Accumulated other comprehensive income | −$130.8M | −$43.5M | $7,000 | $6,000 | — | $17.6M | −$3.8M | — |
| Total shareholders' equity | −$877.3M | −$1.07B | −$110.8M | −$132.7M | $32.4M | $120.8M | −$74.4M | $1.2M |
| Key figures | ||||||||
| Total debt | $834.7M | $320.4M | $208.7M | $181.1M | $113.5M | $1.4M | $76.6M | $3.5M |
| Net cash (debt) | −$232.1M | −$246.1M | −$139.2M | −$164.0M | −$8.7M | $120.5M | −$75.7M | $2.0M |
| Working capital | $564.9M | $114.9M | $61.5M | −$5.4M | $112.7M | $113.8M | −$80.8M | −$5.3M |
| Tangible book value | −$882.6M | −$1.08B | −$115.4M | −$137.3M | $27.8M | $120.5M | −$74.7M | $774,000 |
| Book value per share | −$3.36 | −$5.05 | −$0.87 | — | — | — | — | — |
| Shares outstanding | 260.8M | 212.0M | 127.0M | — | — | — | — | — |
| Current ratio | 4.94 | 2.77 | 2.01 | 0.91 | 4.77 | 9.38 | 0.07 | 0.58 |
| Quick ratio | 4.42 | 1.76 | 1.48 | 0.34 | 3.62 | 8.98 | 0.06 | 0.49 |
| Debt / equity | — | — | — | — | 3.50 | 0.01 | — | 2.94 |
| Equity / assets | −99.1% | −411.2% | −59.4% | −124.3% | 19.2% | 87.4% | −569.5% | 7.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $349.1M | $450.4M | $602.6M | $58.7M | $120.2M | $82.6M | $74.3M | $23.0M | $52.5M | $31.8M | $69.5M | $58.0M |
| Cash & equivalents | $349.1M | $450.4M | $602.6M | $58.7M | $120.2M | $82.6M | $74.3M | $23.0M | $52.5M | $31.8M | $69.5M | $58.0M |
| Short-term investments | — | — | — | — | — | — | — | $2.6M | — | — | — | — |
| Receivables | $63.3M | $64.6M | $31.8M | $29.0M | $24.4M | $24.3M | $40.1M | $82.6M | $100.8M | $27.3M | $20.5M | $4.0M |
| Inventory | $91.1M | $70.8M | $70.8M | $47.6M | $41.1M | $40.3M | $32.8M | $25.9M | $17.8M | $14.4M | $17.1M | $20.6M |
| Other current assets | $10.5M | $4.1M | $3.3M | $53.4M | $46.5M | $38.4M | $32.6M | $17.6M | $12.5M | $13.5M | $15.3M | $26.0M |
| Total current assets | $514.0M | $590.0M | $708.5M | $188.7M | $232.3M | $185.5M | $179.9M | $149.2M | $183.5M | $87.0M | $122.3M | $108.5M |
| Property, plant & equipment (net) | $198.2M | $167.2M | $134.8M | $88.3M | $78.2M | $46.5M | $48.6M | $54.6M | $54.0M | $46.5M | $41.9M | $24.3M |
| Goodwill & intangible assets | $5.8M | $5.6M | $5.3M | $5.4M | $4.5M | $4.5M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $188.8M | $36.5M | $36.6M | $45.7M | $46.0M | $26.7M | $27.3M | $8.5M | $6.6M | $17.6M | $17.6M | $16.7M |
| Total assets | $906.8M | $799.3M | $885.2M | $328.2M | $361.0M | $263.3M | $260.3M | $216.8M | $248.8M | $155.7M | $186.5M | $154.1M |
| Liabilities | ||||||||||||
| Accounts payable | $105.6M | $77.1M | $99.9M | $51.6M | $39.7M | $24.3M | $16.7M | $24.3M | $24.1M | $18.3M | $20.5M | $13.8M |
| Short-term debt | $1.8M | $2.0M | $2.4M | $730,000 | $3.3M | $3.4M | $3.9M | $4.3M | $4.7M | $5.0M | $4.8M | $4.6M |
| Deferred revenue | $7.9M | $6.7M | $15.0M | $16.7M | $37.4M | $39.7M | $22.0M | $8.7M | $4.8M | $2.8M | $3.1M | $3.3M |
| Total current liabilities | $157.9M | $125.3M | $143.5M | $103.4M | $104.3M | $90.7M | $65.0M | $75.1M | $68.5M | $64.9M | $60.9M | $46.8M |
| Long-term debt | $617.1M | $619.5M | $812.9M | $447.7M | $444.2M | $324.0M | $314.9M | $184.9M | $150.2M | $202.2M | $200.5M | $204.1M |
| Lease obligations | $23.7M | $23.4M | $21.1M | $2.6M | $3.1M | $3.1M | $3.5M | $3.7M | $4.1M | $4.5M | $4.8M | $4.8M |
| Other long-term liabilities | $449.3M | $340.3M | $806.1M | $2.10B | $915.5M | $790.7M | $950.9M | $530.6M | $220.9M | $36.3M | $35.9M | $31.6M |
| Total liabilities | $1.22B | $1.09B | $1.76B | $2.65B | $1.46B | $1.21B | $1.33B | $790.6M | $439.6M | $303.4M | $297.3M | $282.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $32,000 | $32,000 | $32,000 | $27,000 | $25,000 | $23,000 | $23,000 | $23,000 | $23,000 | $22,000 | $21,000 | $16,000 |
| Retained earnings (deficit) | −$2.30B | −$2.03B | −$2.54B | −$2.42B | −$1.77B | −$1.55B | −$1.56B | −$1.29B | −$950.7M | −$922.6M | −$875.8M | −$834.6M |
| Accumulated other comprehensive income | −$134.9M | −$89.3M | −$130.8M | −$67.5M | −$49.7M | −$43.5M | −$43.5M | −$4.6M | $3,000 | $2,000 | $7,000 | $3,000 |
| Total shareholders' equity | −$317.6M | −$285.8M | −$877.3M | −$2.32B | −$1.10B | −$942.2M | −$1.07B | −$573.8M | −$190.8M | −$147.7M | −$110.8M | −$128.3M |
| Key figures | ||||||||||||
| Total debt | $640.8M | $642.9M | $834.7M | $448.5M | $448.3M | $328.6M | $320.4M | $191.2M | $157.4M | $210.1M | $208.7M | $212.1M |
| Net cash (debt) | −$291.8M | −$192.5M | −$232.1M | −$389.7M | −$328.1M | −$246.0M | −$246.1M | −$168.1M | −$105.0M | −$178.4M | −$139.2M | −$154.2M |
| Working capital | $356.1M | $464.6M | $564.9M | $85.4M | $128.0M | $94.8M | $114.9M | $74.1M | $115.1M | $22.1M | $61.5M | $61.7M |
| Tangible book value | −$323.4M | −$291.4M | −$882.6M | −$2.33B | −$1.11B | −$946.7M | −$1.08B | −$578.3M | −$195.4M | −$152.3M | −$115.4M | −$133.0M |
| Book value per share | −$0.93 | −$0.52 | −$3.36 | −$8.54 | −$4.64 | −$2.16 | −$4.94 | −$2.65 | −$0.90 | −$0.73 | −$0.56 | −$0.82 |
| Shares outstanding | 339.8M | 544.8M | 260.8M | 271.6M | 237.7M | 436.4M | 216.9M | 216.9M | 211.1M | 201.3M | 199.1M | 156.3M |
| Current ratio | 3.26 | 4.71 | 4.94 | 1.83 | 2.23 | 2.05 | 2.77 | 1.99 | 2.68 | 1.34 | 2.01 | 2.32 |
| Quick ratio | 2.61 | 4.11 | 4.42 | 0.85 | 1.39 | 1.18 | 1.76 | 1.41 | 2.24 | 0.91 | 1.48 | 1.32 |
| Equity / assets | −35.0% | −35.8% | −99.1% | −707.0% | −305.5% | −357.9% | −411.2% | −264.6% | −76.7% | −94.9% | −59.4% | −83.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
EOSE financial position
At the end of fiscal 2025 (December 31, 2025), Eos Energy Enterprises had total assets of $885.2 million (up 240.0% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of -$877.3 million. It held $602.6 million in cash and short-term investments against $834.7 million of debt, net debt of $232.1 million. Its current ratio was 4.94. In the latest quarter (ended June 30, 2026) total assets were $906.8 million and equity -$317.6 million.
Related: EOSE income statement, EOSE cash flow statement, EOSE key metrics. See the EOSE stock overview for the latest quote and news.
EOSE balance sheet FAQ
What are Eos Energy Enterprises's total assets?
Eos Energy Enterprises reported total assets of $885.2 million at the end of fiscal 2025 (December 31, 2025), compared with $260.3 million a year earlier.
How much debt does Eos Energy Enterprises have?
Eos Energy Enterprises had $834.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Eos Energy Enterprises have?
Eos Energy Enterprises held $602.6 million in cash and short-term investments at the end of fiscal 2025; with $834.7 million of debt that is net debt of $232.1 million.
What is Eos Energy Enterprises's book value?
Eos Energy Enterprises's shareholders' equity (book value) was -$877.3 million at the end of fiscal 2025, or −$3.36 per share.
What is Eos Energy Enterprises's current ratio?
Eos Energy Enterprises had current assets of $708.5 million and current liabilities of $143.5 million, a current ratio of 4.94 (it can cover its short-term obligations).
How much goodwill does Eos Energy Enterprises have?
Eos Energy Enterprises carried $5.3 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2025.