Zeo Energy Corp. ZEO
delivering cost savings and increased independence and reliability to energy consumers. Our mission is to expedite the U.S.' transition
to renewable energy by offering our customers an affordable and sustainable means of achieving energy independence.
energy solutions and services that include sale, design, procurement, installation, and maintenance of residential solar energy systems.
Many of our solar energy system customers also purchase other energy efficiency-related equipment or services or roofing services from
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $69.3M | $73.2M | $109.7M | — | — | — |
| Cost of revenue | $31.1M | $38.1M | $119.8K | — | — | — |
| Gross profit | $38.3M | $35.2M | $109.6M | — | — | — |
| SG&A | $27.5M | $21.6M | $12.9M | $120.0K | — | — |
| Total operating expenses | — | $84.1M | $104.6M | — | — | — |
| Operating income | -$20.5M | -$10.8M | $5.1M | -$2.8M | — | — |
| Interest expense | $155.5K | $333.5K | $110.9K | — | — | — |
| Pre-tax income | -$19.4M | -$10.8M | $4.8M | — | — | — |
| Income tax | $263.6K | $963.8K | — | — | — | — |
| Net income | -$14.0M | -$2.7M | $4.8M | $14.3M | — | — |
| EPS, basic | — | -0.48 | 4.85 | — | — | — |
| EPS, diluted | — | -0.48 | 4.85 | — | — | — |
| Shares, diluted (wtd. avg.) | — | 5.5M | 1.0M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $6.1M | $5.6M | $8.0M | $2.3M | $1.3M | $0 |
| Receivables | $8.2M | $9.0M | $2.9M | — | — | — |
| Inventory | $852.2K | $872.5K | $350.4K | — | — | — |
| Total current assets | $22.6M | $18.9M | $16.2M | $645.9K | $1.9M | — |
| Property, plant and equipment | $2.8M | $2.5M | $2.3M | — | — | — |
| Goodwill | $27.1M | $27.0M | $27.0M | — | — | — |
| Other intangibles | — | $7.6M | $771.0K | — | — | — |
| Total assets | $56.9M | $61.0M | $48.1M | $286.2M | $283.4M | — |
| Accounts payable | $3.8M | $2.8M | $4.7M | $1.9M | — | — |
| Short-term debt | $23.5K | $3.5M | — | — | — | — |
| Total current liabilities | $8.4M | $15.0M | $15.5M | $2.2M | $607.0K | — |
| Long-term debt | $55.6K | $496.6K | — | — | — | — |
| Total liabilities | $9.5M | $18.1M | $17.5M | $12.6M | $24.2M | — |
| Retained earnings | -$58.1M | -$103.4M | -$533.3K | -$12.0M | -$22.3M | — |
| Total equity | $5.3M | -$88.9M | $30.6M | $31.3M | -$22.3M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$8.7M | -$8.7M | $12.0M | $3.3M | — | — |
| Depreciation and amortisation | $136.5K | $136.5K | $1.8M | — | — | — |
| Stock-based compensation | $6.4M | $7.7M | — | — | — | — |
| Capital expenditure | $1.2M | $369.1K | $1.0M | — | — | — |
| Investing cash flow | $13.4M | -$7.4M | -$1.0M | -$4.0M | — | — |
| Financing cash flow | -$4.2M | $13.7M | -$5.2M | — | — | — |
| Dividends paid | $621.1K | $139.1K | — | — | — | — |
| Buybacks | — | — | $272.6M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-037791.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $109.7M | $73.2M | $69.3M |
| Gross profit | — | — | — | $109.6M | $35.2M | $38.3M |
| Net income | — | — | $14.3M | $4.8M | -$2.7M | -$14.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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