Zeo Energy Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $69.3M | $73.2M | $109.7M | — | — |
| Cost of revenue | $31.1M | $4.9M | $119,755 | — | — |
| Selling, general & administrative | — | — | $120,000 | $120,000 | — |
| Operating expenses | — | $84.1M | $104.6M | — | — |
| Operating income | -$20.5M | -$10.8M | $5.1M | -$2.8M | — |
| Interest expense | $155,490 | $333,539 | $110,857 | — | — |
| Pretax income | -$19.4M | -$10.8M | $4.8M | — | — |
| Income tax expense | $263,649 | -$963,790 | — | — | — |
| Net income | -$14.0M | -$2.7M | -$3.0M | $14.3M | — |
| Balance Sheet | |||||
| Cash and equivalents | $6.1M | $5.6M | $8.0M | $614,767 | $1.3M |
| Current assets | $22.6M | $18.9M | $16.2M | $645,877 | $1.9M |
| Total assets | $56.9M | $61.0M | $48.1M | $286.2M | $283.4M |
| Current liabilities | $8.4M | $15.0M | $15.5M | $2.2M | $606,955 |
| Total liabilities | $9.5M | $18.1M | $17.5M | $12.6M | $24.2M |
| Total debt | — | $10.0M | — | — | — |
| Stockholders' equity | $5.3M | -$88.9M | $30.6M | -$12.0M | -$22.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.7M | -$8.7M | $12.0M | $3.3M | — |
| Depreciation and amortization | $136,473 | $136,473 | $1.8M | — | — |
| Stock-based compensation | $6.4M | $7.7M | — | — | — |
| Capital expenditure | $1.2M | $369,137 | $1.0M | — | — |
| Free cash flow | -$9.9M | -$9.1M | $10.9M | — | — |
| Dividends paid | $621,063 | $139,067 | — | — | — |
| Share repurchases | — | — | $272.6M | — | — |
Shares outstanding 58.0M · Free float 13.7%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.