Eos Energy Enterprises, Inc.
EOSE Industrials Electrical Equipment & Parts
Eos Energy Enterprises, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $114.2 million, up 631.8% from fiscal 2024. In the quarter to June 2026, revenue grew 351.4%, EPS fell 14.3%, free cash flow fell 46.8% and total debt rose 38.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Eos Energy Enterprises, Inc. (EOSE) Altman Z-score
Eos Energy Enterprises, Inc.'s Altman Z-score for fiscal 2025 is −3.51, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −3.51 | 6.06 |
| FY2024 | −9.57 | (1.05) |
| FY2023 | −8.52 | 6.45 |
| FY2022 | −14.97 | (11.46) |
| FY2021 | −3.51 | (7.35) |
| FY2020 | 3.84 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.64 | — | 0.77 | |
| Retained earnings / total assets | (2.86) | — | −4.01 | |
| EBIT / total assets | (0.29) | — | −0.97 | |
| Market value of equity / total liabilities | 0.96 | — | 0.57 | |
| Sales / total assets | 0.13 | — | 0.13 | |
| Altman Z-score | Distress zone | −3.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −7.87 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HYLN Hyliion Holdings Corp. compare | 14.8× |
| AMPX Amprius Technologies, Inc. compare | 9.5× |
| KE Kimball Electronics, Inc. compare | 3.1× |
| ENVX Enovix Corporation compare | 0.0× |
| TE T1 Energy Inc compare | −0.3× |
| FCEL FuelCell Energy, Inc. compare | −2.2× |
| ADSE ADS-TEC Energy PLC compare | −2.7× |
| EOSE Eos Energy Enterprises, Inc. | −3.5× |
| FAC Factorial Energy Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets