Eos Energy Enterprises, Inc.EOSE

Eos Energy Enterprises, Inc. Segments Disclosure

10-KFiled Feb 26, 20262 min read
Segment Reporting
The Company’s chief operating decision-maker (“CODM”) is its Chief Executive Officer and President. Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the CODM in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources and evaluating financial performance. As such, the Company has determined that it operates in one operating and one reportable segment.
The Company designs, develops, manufactures and markets innovative zinc-based energy storage solutions for utility-scale, microgrid and commercial & industrial (C&I) applications. The Company operates and holds long-lived assets in a single geographical region.
The CODM reviews financial information on a consolidated basis and uses Gross profit (loss) and Net income (loss) to assess financial performance considering budget-to-actual variances when making key decisions on how to allocate company resources.
The Company’s segment information is summarized as follows:

For the years ended December 31,
20252024
Product revenue
$
111,979 
$
14,503 
Service revenue
2,224 1,103 
Total revenue
114,203 
15,606 
Less:
Cost of goods sold
258,040 
98,867 
Gross profit (loss)
(143,837)
(83,261)
Less:
Research and development
28,542 
22,758 
Selling, general and administrative expenses
85,110 
60,047 
Other segment items(a)
712,158 
519,804 
Net loss
$
(969,647)
$
(685,870)
(a) Other segment items include loss from write-down of property, plant and equipment, interest expense, net, change in fair value of debt, change in fair value of warrants, change in fair value of derivatives, gain and loss on debt extinguishment, costs related to the Company's debt transactions and other miscellaneous items.

Additional segment financial information is summarized as follows:
For the years ended December 31,
20252024
Segment assets$885,197 $260,318 
Depreciation and amortization$14,183 $7,899 
Interest income$5,321 $623 
Interest expense
$
28,576 
$
28,840 
Capital expenditures(b)
$
54,691 
$
33,152 
(b) Includes Intangible assets.

The following geographic area data includes nets sales based on product shipment destination.

For the years ended December 31,
20252024
United States
$92,685 $15,606 
United Kingdom
21,518 — 
Total
$114,203 $15,606 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Mar 4, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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