Zeo Energy Corp. (ZEO) Financial Statements
Industry: Construction - Special Trade Contractors
In fiscal 2025, Zeo Energy reported revenue of $69.3M, down 5.3% from $73.2M the year before. Net income was -$14.0M (a -20.2% net margin), or -$0.56 per diluted share. Gross margin was 55.2% and operating margin was -29.6%. Operating activities generated -$8.7M of cash, leaving -$9.9M of free cash flow. At fiscal year end, Zeo Energy held $56.9M in total assets against $9.5M in total liabilities, including $6.1M of cash and equivalents.
Open the full interactive Zeo Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Zeo Energy Key Stats
| Share Price | $0.26 |
|---|---|
| Market Cap | $9.3M |
| Dividend Yield | 6.67% |
| Revenue YoY Growth | -5.3% |
| 52-Week Range | $0.21 – $1.99 |
| Shares Outstanding | 35.2 million (basic, 2026 Q2) |
Zeo Energy Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $73.2M | $69.3M |
| Cost of Goods Sold | $0 | — | $4.9M | — |
| Gross Profit | $0 | — | $68.3M | $38.3M |
| Operating Income | -$2.8M | -$5.1M | -$10.8M | -$20.5M |
| Pre-Tax Income | $14.3M | -$3.0M | -$10.9M | -$19.4M |
| Income Tax | — | — | -$988,802 | $263,649 |
| Net Income | $14.3M | -$3.0M | -$9.9M | -$14.0M |
| Diluted EPS | $0.44 | $0.29 | -$0.48 | -$0.56 |
Zeo Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $23.9M | $18.6M | $13.2M | $16.2M |
| Net Income | -$3.2M | -$2.0M | -$3.5M | -$2.3M |
| Diluted EPS | -$0.12 | -$0.08 | -$0.11 | -$0.07 |
Zeo Energy Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $614,767 | — | $5.6M | $6.1M |
| Current Assets | $645,877 | $79,797 | $18.9M | $22.6M |
| Total Assets | $286.2M | $16.1M | $61.0M | $56.9M |
| Current Liabilities | $2.2M | $7.8M | $15.0M | $8.4M |
| Total Long-Term Debt | — | — | $787,659 | $79,112 |
| Total Liabilities | $12.6M | $8.9M | $18.1M | $9.5M |
| Shareholders' Equity | -$12.0M | -$8.8M | -$88.9M | $5.3M |
Zeo Energy Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | $3.3M | $900,330 | -$8.7M | -$8.7M |
| Cash From Investing | -$4.0M | $285.5M | -$7.4M | $13.4M |
| Cash From Financing | — | -$270.9M | $13.7M | -$4.2M |
| Free Cash Flow | — | — | -$9.1M | -$9.9M |
| Dividends Paid | — | — | $139,067 | $621,063 |
Figures from Zeo Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Zeo Energy financials page for every line item.
Zeo Energy Company Profile
| Ticker | ZEO |
|---|---|
| Exchange | Nasdaq |
| Industry | Construction - Special Trade Contractors |
| Headquarters | Dallas, Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001865506 |
Frequently Asked Questions
What was Zeo Energy's revenue in fiscal 2025?
Zeo Energy (ZEO) reported revenue of $69.3M for fiscal 2025.
What is Zeo Energy's annual revenue history?
Zeo Energy's annual revenue by fiscal year: 2022: $0; 2023: $0; 2024: $73.2M; 2025: $69.3M.
What was Zeo Energy's net income in fiscal 2025?
Zeo Energy reported net income of -$14.0M for fiscal 2025.
What was Zeo Energy's earnings per share (EPS) in fiscal 2025?
Zeo Energy's diluted EPS was -$0.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Zeo Energy generate in fiscal 2025?
Zeo Energy generated -$9.9M of free cash flow in fiscal 2025.
What was Zeo Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Zeo Energy reported revenue of $16.2M.
How much debt does Zeo Energy have?
Zeo Energy reported $79,112 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Zeo Energy are outstanding?
Zeo Energy reported a weighted average of 35.2 million basic shares outstanding in 2026 Q2.
What is Zeo Energy's market cap?
Based on its latest closing price, Zeo Energy (ZEO) has a market capitalization of about $9.3M.
When does Zeo Energy's fiscal year end?
Zeo Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Zeo Energy headquartered?
Zeo Energy lists its business address in Dallas, Texas in its SEC filings.