Zeo Energy Corp. (ZEO) — Financial statements
Income statement, balance sheet, and cash flow for Zeo Energy Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 69↓5.3% | 73↓33.2% | 110↑23.3% | 89↑261.8% | 25 | |
| Cost of Revenue | 31↓18.3% | 38↓36.0% | 59↓16.5% | 71↑405.2% | 14 | |
| Gross Profit | 38↑8.7% | 35↓29.9% | 50↑183.0% | 18↑69.2% | 10 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 28↑27.3% | 22↑67.0% | 13↑115.7% | 6↑98.4% | 3 | |
| Selling & Marketing Expenses | 23↑15.9% | 20↓35.4% | 30↑2066.9% | 1↑5406.6% | 0.03 | |
| SG&A Expenses | 50↑21.9% | 41↓4.8% | 43↑484.5% | 7↑142.7% | 3 | |
| Other Expenses | 9↑77.3% | 5↑162.6% | 2↑7.9% | 2↑349.2% | 0.38 | |
| Operating Expenses | 59↑27.7% | 46↑2.1% | 45↑395.3% | 9↑165.5% | 3 | |
| Total Costs & Expenses | 90↑6.9% | 84↓19.6% | 105↑30.2% | 80↑358.3% | 18 | |
| Operating Results | ||||||
| Operating Income | -21↓89.6% | -11↓310.7% | 5↓40.6% | 9↑22.4% | 7 | |
| Depreciation & Amortization | 9↑77.3% | 5↑162.6% | 2↑7.9% | 2↑349.2% | 0.38 | |
| EBITDA | -11↓86.9% | -6↓183.7% | 7↓34.8% | 10↑39.5% | 7 | |
| EBIT | -19↓82.5% | -11↓312.4% | 5↓43.1% | 9↑22.9% | 7 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.16↑53.4% | -0.33↓369.0% | 0.12↑341.7% | -0.05 | 0.00 | |
| Interest Income | 0.00 | 0.00↓100.0% | 0.12 | 0.00 | 0.00 | |
| Interest Expense | 0.16↓53.4% | 0.33 | 0.00↓100.0% | 0.05 | 0.00 | |
| Non-Operating Income | -1↓337.4% | -0.30↓264.7% | 0.18↑357.2% | -0.07↓151.1% | -0.03 | |
| Other Income / Expenses | 1↑3815.3% | -0.03↑89.3% | -0.29↓1571.0% | 0.02↓29.6% | 0.03 | |
| Income Before Tax | -19↓78.3% | -11↓324.2% | 5↓44.1% | 9↑22.2% | 7 | |
| Income Tax Expense | 0.26↑126.7% | -0.99 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -20↓98.8% | -10↓303.8% | 5↓44.1% | 9↑22.2% | 7 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -14↓424.9% | -3↓155.1% | 5↓44.1% | 9↑22.2% | 7 | |
| Bottom-Line Net Income | -14↓424.9% | -3↓155.1% | 5↓44.1% | 9↑22.2% | 7 | |
| EPS (Basic) | -0.56↓124.0% | -0.25↑10.7% | -0.28↓166.7% | 0.42↑55.6% | 0.27 | |
| EPS (Diluted) | -0.56↓124.0% | -0.25↑10.7% | -0.28↓166.7% | 0.42↑55.6% | 0.27 | |
| Weighted Average Shares | 25↑129.0% | 11↑1.6% | 11↓68.9% | 35↑0.0% | 35 | |
| Weighted Average Diluted Shares | 25↑129.0% | 11↑1.6% | 11↓68.9% | 35↑0.0% | 35 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.