Saturday 17 October 2026
Export ZEO’s income statement to Excel — free account
Zeo Energy Corp.
ZEO Technology Solar
Zeo Energy Corp.’s revenue for fiscal 2025 (year ended December 2025) was $69.3 million, down 5.32% from fiscal 2024. In the quarter to June 2026, revenue fell 10.7%, EPS grew 36.4%, free cash flow grew 75.7% and total debt fell 20.9%, each against the same quarter a year earlier.
0.26
0.01
−3.70%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 9.85 | 9.88 | 10.26 | 1.05 | 0.90 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 10.19 | 10.85 | 12.34 | 11.60 | 3.95 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 2 | 2 | 190 | 190 | 190 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.58 | 0.39 | 0.36 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 110 | 73 | 69 | ||||
| Gross margin, % | — | — | — | — | — | — | — | 45.81 | 48.03 | 55.20 | |||||
| EBT | — | — | — | — | — | 9 | 14 | 5 | (11) | (19) | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | 4.42 | (14.79) | (27.93) | |||||
| Net income | — | 0 | — | — | — | 9 | 14 | 5 | (10) | (20) | |||||
| Depreciation | — | — | — | — | — | — | — | 2 | 5 | 9 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 109.69 | 13.20 | 2.78 | ||||
| Earnings | — | — | — | — | — | 1.65 | 2.08 | 4.85 | (0.48) | (0.56) | |||||
| Cash flow | — | — | — | — | — | (0.14) | 0.47 | 11.98 | (1.57) | (0.35) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (1.03) | (0.07) | (0.05) | |||||
| Free cash flow | — | — | — | — | — | (0.14) | 0.47 | 10.94 | (1.64) | (0.40) | |||||
| Book value | — | — | — | — | — | (3.34) | (1.74) | 30.62 | (16.03) | 0.21 | |||||
| Shares, m | — | — | — | — | — | 7 | 7 | 1 | 6 | 25 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 0.71 | 0.26 | 0.39 | |||||
| P/B | — | — | — | — | — | — | — | 2.54 | 0.00 | 5.10 | |||||
| EV/Sales | — | — | — | — | — | — | — | 0.65 | 0.20 | 0.31 | |||||
| EV/FCF | — | — | — | — | — | — | — | 6.51 | (1.60) | (2.15) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | 3 | 12 | (9) | (9) | ||||
| Capex | — | — | — | — | — | — | — | (1) | 0 | (1) | |||||
| Free cash flow | — | — | — | — | — | (1) | 3 | 11 | (9) | (10) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | (2) | 1 | 4 | 14 | ||||
| Total debt | — | — | — | — | — | 0 | 0 | 2 | 1 | 0 | |||||
| Net debt | — | — | — | — | — | (1) | (1) | (6) | (4) | (6) | |||||
| Shareholders’ equity | — | — | — | — | — | (22) | (12) | 31 | (89) | 5 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 3.34 | 5.03 | 2.90 | (4.89) | (23.76) | ||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | 13.27 | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | — | 7.99 | (83.50) | 52.02 | 9.16 | 33.52 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Zeo Energy Corp. vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FTCI FTC Solar, Inc. | $30.3M | — (loss-making) | 5.1× | +30.83% (above 0%: growing) | n/m | +428.99% (above 0%: growing) | (8.54%) | (52.48%) | Compare |
| SPRU Spruce Power Holding Corporation | $28.1M | — (loss-making) | — (loss-making) | −8.75% (below 0%: shrinking) | n/m | −43.41% (below 0%: shrinking) | 67.84% | 32.21% | Compare |
| SMXT Solarmax Technology, Inc. | $24.5M | — (loss-making) | — | +48.82% (above 0%: growing) | n/m | −539.19% (below 0%: shrinking) | 23.56% | (43.53%) | Compare |
| SPIEQ SPI Energy Co., Ltd. | $24.2M | — (loss-making) | — (loss-making) | +30.66% (above 0%: growing) | n/m | +270.79% (above 0%: growing) | 13.35% | 1.72% | Compare |
| BEEM Beam Global | $21.7M | — (loss-making) | — (loss-making) | +21.02% (above 0%: growing) | n/m | −141.34% (below 0%: shrinking) | 17.83% | (34.99%) | Compare |
| ASTI Ascent Solar Technologies Inc. | $18.6M | — (loss-making) | — (loss-making) | +460.00% (above 0%: growing) | n/m | +1.36% (above 0%: growing) | (68.91%) | (2,043.59%) | Compare |
| ZEO Zeo Energy Corp. | $18.2M | — (loss-making) | — | −10.68% (below 0%: shrinking) | n/m | +75.65% (above 0%: growing) | 47.15% | (18.49%) | |
| SUNE SUNation Energy Inc. | $14.1M | — (loss-making) | — (loss-making) | −37.52% (below 0%: shrinking) | n/m | −692.81% (below 0%: shrinking) | 26.09% | (39.00%) | Compare |
| MAXNQ Maxeon Solar Technologies, Ltd. | $12.9M | — (loss-making) | — (loss-making) | −78.66% (below 0%: shrinking) | n/m | −4.20% (below 0%: shrinking) | (97.63%) | (228.07%) | Compare |
| Median of peers | $23.0M | — | — | +25.84% | — | −23.80% | 15.59% | (41.26%) |
Zeo Energy Corp. (ZEO) key facts
- Concern: Zeo Energy Corp.’s revenue for fiscal 2025 (year ended December 2025) was $69.3 million, down 5.32% from fiscal 2024.
- Zeo Energy Corp. (ZEO) is a Solar company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, ZEO traded at $0.26, a market capitalization of $18.2 million.
- Return on equity was 33.5% and debt-to-equity 0.08.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.79 (distress zone) for fiscal 2025.