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NASDAQ · CONSTRUCTION - SPECIAL TRADE CONTRACTORS

Zeo Energy Corp. ZEO

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$69.3M
▼ 5.3% YoY
$-14.0M
$-9.9M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are a vertically integrated company offering energy solutions and services that include sale, design, procurement, installation, and maintenance of residential solar energy systems. We were originally incorporated under the name "ESGEN Acquisition Corp." as a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. As discussed in this section, we completed a business combination with Sunergy Renewables, LLC, a Nevada limited liability company, which we refer to as Sunergy, on March 13, 2024 and changed our name to "Zeo Energy Corp." The majority of our customers are located in Florida, Texas, Arkansas, Missouri, Ohio, and Illinois, and we have an expanding base of customers in California, Colorado, Minnesota, Missouri, Ohio, Utah, and Virginia. As of December 31, 2025, we had approximately 190 full-time employees that work year-round processing orders, installing and servicing systems and fulfilling administrative tasks.

Written from the business description in Zeo Energy Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 1 April 2026. Every sentence was checked against that document before publication.

Growth

USD 69.3M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 69.3 · Net income -14.0
50M100M-5M-10M
20222025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−28 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -29.6% · Net -28.3%
2%4%-10%-20%
202220232025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -43%.

Cash & shareholders

USD 621,063.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -9.9
5M10M-4M-8M
202220232025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.6 · Net buybacks ·
100M200M
202320242025

USD 621,063.00 in dividends went back to shareholders in a year without profit.

Total assetsUSD 56.9M
EquityUSD 5.3M
CashUSD 6.1M
Gross debtUSD 79,112.00
Net debtUSD -6.1M
Current ratio2.69×

The company holds more cash than debt.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ZEO, 4-year financial record
Metric 2025202420232022
Revenue $B0.10.10.1◌
Operating income $B−0.0−0.00.0−0.0
EBITDA $B−0.0−0.00.0◌
Income tax $B0.0−0.0◌◌
Net income $B−0.0−0.00.00.0
Free cash flow $B−0.0−0.00.0◌
EPS, diluted $◌−0.484.85◌
Dividend / sh $◌◌◌◌
Payout %−4−5——
ROE % — not applicable: negative equity————

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 16 checks were skipped: EPS is not tagged before 2023. 16 checks were skipped: revenue is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityConstruction - Special Trade Contractors
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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