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.
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