Eos Energy Enterprises (EOSE) Cash Flow: Operating & Free Cash Flow

Eos Energy Enterprises Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Eos Energy Enterprises, Inc. (EOSE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	-969.65	-685.87	-229.51	-229.81	-124.22	-70.64	-79.48	-28.50
Depreciation & Amortization	14.18	9.13	10.77	7.68	3.54	1.56	2.12	2.42
Deferred Income Tax	0.00	0.00	0.00	0.00	-17.72	0.00	0.00	0.00
Stock Based Compensation	24.88	18.78	14.06	13.79	15.06	5.08	0.14	0.14
Change in Working Capital	12.11	-17.24	-9.73	1.97	-2.91	3.98	-4.86	0.05
Change in Accounts Receivable	-3.96	3.09	-9.21	0.23	-1.92	4.06	-4.06	0.00
Change in Inventory	-22.42	-20.50	6.19	-10.28	-10.10	-0.21	0.63	-0.49
Change in Accounts Payable	62.14	-4.57	-11.48	18.32	4.51	-0.47	0.46	0.00
Change in Other Working Capital	-18.05	4.74	43.73	-6.29	5.85	0.61	-1.89	0.54
Other Operating Activities	707.29	521.26	43.73	9.51	5.85	33.47	58.25	0.98
Net Cash from Operating Activities	-211.19	-153.94	-145.02	-196.86	-116.15	-26.56	-23.83	-24.92
Investing Activities
Capital Expenditures	-53.78	-33.15	-29.46	-20.07	-15.59	-3.61	-2.30	-1.70
Acquisitions	0.00	0.00	0.00	0.00	-4.16	-3.02	-0.60	0.00
Purchases of Investments	38.48	0.00	0.00	0.00	-4.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	-0.14	0.00	4.00	0.00	0.00	0.00
Other Investing Activities	-39.39	-0.03	-0.14	2.90	-3.59	0.00	0.00	0.00
Net Cash from Investing Activities	-54.69	-33.19	-29.46	-17.17	-23.34	-6.63	-2.90	-1.70
Financing Activities
Debt Repayment	-740.79	43.24	-2.96	109.59	-0.47	10.25	21.07	-0.05
Common Stock Issued	650.45	14.09	192.17	43.63	0.00	0.00	0.00	0.00
Common Stock Repurchased	-0.49	-1.23	-0.63	-0.98	-0.35	0.00	0.00	0.00
Other Financing Activities	-3.67	149.73	-9.17	-12.70	-4.03	143.92	1.03	30.12
Net Cash from Financing Activities	787.09	205.83	227.92	139.54	123.32	154.18	22.10	30.08
Summary
Effect of Forex Changes on Cash	0.00	-0.02	0.01	0.01	0.00	0.00	0.00	0.00
Net Change in Cash	521.20	18.70	53.44	-74.47	-16.16	120.99	-4.64	3.46
Cash at Beginning of Period	88.36	84.67	31.22	105.69	121.85	0.86	5.50	2.04
Cash at End of Period	602.63	103.36	84.67	31.22	105.69	121.85	0.86	5.50
Free Cash Flow	-264.97	-187.09	-174.48	-216.93	-131.74	-30.16	-26.13	-26.62
Supplemental Disclosures
Interest Paid	-	4.40	15.13	5.77	0.16	0.12	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Eos Energy Enterprises Cash Flow

What is Eos Energy Enterprises's free cash flow?

Eos Energy Enterprises had negative free cash flow of $264.97M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$211.19M minus $53.78M of capital expenditures.

How much does Eos Energy Enterprises spend on capital expenditures?

Eos Energy Enterprises spent $53.78M on capital expenditures in fiscal 2025, compared with $33.15M a year earlier.

Does Eos Energy Enterprises pay dividends or buy back shares?

Yes. In fiscal 2025 Eos Energy Enterprises returned $488.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition