Zeo Energy (ZEO) Income Statement

Zeo Energy reported revenue of $69.35M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 5.3% from $73.24M a year earlier. Zeo Energy posted a net loss of $14.01M, compared with a net loss of $2.67M a year earlier. Gross margin was 55.2% and operating margin -29.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $16.17M, down 10.7% from the same quarter a year earlier.

Zeo Energy Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Zeo Energy Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	69.35	73.24	109.69	88.96	24.59
Cost of Revenue	31.07	38.07	59.44	71.21	14.10
Gross Profit	38.28	35.18	50.25	17.75	10.49
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	50.24	41.15	43.27	7.40	3.05
Operating Expenses	58.82	45.98	45.12	9.11	3.43
Operating Income	-20.53	-10.80	5.14	8.65	7.06
Other Income/Expense
Interest Income	0.00	0.14	0.12	0.00	0.00
Interest Expense	0.16	0.33	0.00	0.05	0.00
Other Income/Expense	1.17	0.30	-0.29	0.02	0.03
Income
Income Before Tax	-19.37	-10.84	4.85	8.67	7.09
Income Tax Expense	0.26	-0.96	0.00	0.00	0.00
Net Income	-14.01	-2.67	4.85	8.67	7.09
Net Income - Continuous Operations	-14.01	-9.87	4.85	8.67	7.09
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	-10.63	-5.67	6.80	10.42	7.47
EBIT	-19.21	-10.50	5.14	8.72	7.09
Depreciation & Amortization	8.58	4.84	1.84	1.71	0.38
Earnings Per Share
Basic EPS	-1.00	-	-	-	-
Diluted EPS	-1.00	-	-	-	-
Basic Shares Outstanding	24.94	5.55	10.72	34.50	34.50
Diluted Shares Outstanding	24.94	5.55	10.72	34.50	34.50

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Zeo Energy Financial Statements

What was Zeo Energy's revenue in fiscal 2025?

Zeo Energy reported revenue of $69.35M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 5.3% from $73.24M a year earlier.

Is Zeo Energy profitable?

No. Zeo Energy reported a net loss of $14.01M in fiscal 2025. In fiscal 2024 it lost $2.67M.

What is Zeo Energy's operating margin?

Zeo Energy's operating income was −$20.53M on revenue of $69.35M in fiscal 2025, an operating margin of -29.6%, compared with -14.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition