Eos Energy's first quarter 2026 revenue grew 445% to $57 million as it formed a major joint venture with Cerberus.

Eos Energy Enterprises reported first quarter 2026 revenue of $57.0 million, a 445% increase year-over-year, alongside a GAAP net income of $508.9 million driven by non-cash fair value adjustments on warrants and derivatives. The company reaffirmed its full-year 2026 revenue guidance and announced a significant joint venture to accelerate project deployment.

Key Highlights

• Announced the formation of Frontier Power USA, a joint venture with Cerberus, to develop and operate energy storage projects, anchored by a $100 million equity commitment from Cerberus.
• Secured a 2 GWh firm capacity reservation agreement with the new Frontier Power USA joint venture, expanding its order backlog.
• Ended the quarter with an orders backlog of $644.6 million and increased its commercial pipeline by 56% year-over-year to $24.3 billion.
• Reaffirmed full-year 2026 revenue guidance in the range of $300 million to $400 million.