Eos forms $250M JV with Cerberus for LDES IPP; Q1 rev $57M, guides FY $300-400M

Eos Energy Enterprises, Inc.

• Cerberus commits $100M equity for 50%+ governance; Eos targets $150M via rights offering.
• JV (Frontier Power USA) to develop/own/operate LDES projects using Eos Z3 tech; 2 GWh capacity reservation signed.
• Q1 revenue $57.0M (+445% YoY); gross loss $44.4M; net income $508.9M (non-cash mark-to-market).
• Adjusted EBITDA loss $68.0M; cash $472.4M; backlog $644.6M (2.6 GWh); pipeline $24.3B.
• FY2026 revenue reaffirmed $300-400M; second battery line on schedule for Q2 initial production.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.