ZEO · XBRL financial data
Zeo Energy financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (ZEO's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | 109,691 | 73,244 | 69,350 |
| Revenue from contracts with customers | — | — | 109,691 | 73,244 | — |
| Cost of revenue | — | — | — | 38,067 | 31,066 |
| Cost of goods and services sold | — | — | 120 | 4,915 | — |
| Selling, general and administrative | — | 120 | 120 | — | — |
| General and administrative | — | — | 12,949 | 21,629 | 27,541 |
| Total operating expenses | — | — | 104,552 | 84,074 | — |
| Operating income (loss) | — | (2,830) | (5,059) | (10,830) | (20,532) |
| Interest income | — | 3,984 | 1,950 | — | — |
| Interest expense | — | — | 111 | 334 | 155 |
| Other income (expense) | — | — | (183) | 233 | — |
| Income tax expense (benefit) | — | — | — | (989) | 264 |
| Net income (loss) | — | 14,334 | (3,001) | (2,669) | (14,009) |
| Earnings per share, basic USD per share | — | — | 4.85 | (0.48) | — |
| Earnings per share, diluted USD per share | — | — | 4.85 | (0.48) | — |
| Weighted average shares, basic thousands of shares | — | — | 1,000 | 5,547 | — |
| Weighted average shares, diluted thousands of shares | — | — | 1,000 | 5,547 | — |
Balance sheet
CSVFiscal years (ZEO's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1,324 | 615 | 8,022 | 5,634 | 6,138 |
| Marketable securities, non-current | — | 285,507 | 16,019 | — | — |
| Accounts receivable | — | — | 2,905 | 10,187 | 8,159 |
| Inventory | — | — | 350 | 872 | 852 |
| Prepaid and other current assets | — | — | 40 | 2,131 | 4,193 |
| Total current assets | 1,874 | 646 | 80 | 18,889 | 22,552 |
| Property and equipment, net | — | — | 2,290 | 2,476 | 2,830 |
| Right-of-use asset | — | — | 1,136 | 1,268 | 897 |
| Goodwill | — | — | 27,011 | 27,011 | 27,092 |
| Total assets | 283,423 | 286,152 | 16,099 | 60,976 | 56,928 |
| Accounts payable | — | — | 4,700 | 2,781 | 3,769 |
| Accrued liabilities | — | — | 4,646 | 8,540 | 2,421 |
| Current portion of long-term debt | — | — | — | 291 | 24 |
| Total current liabilities | 607 | 2,183 | 7,792 | 14,970 | 8,391 |
| Long-term debt | — | — | — | 497 | 56 |
| Lease liability, non-current | — | — | 636 | 799 | 304 |
| Total liabilities | 24,243 | 12,639 | 8,906 | 18,063 | 9,451 |
| Accumulated deficit | (22,341) | (11,994) | (8,827) | (103,441) | (58,065) |
| Total stockholders' equity | (22,341) | (11,993) | (8,826) | (88,912) | 5,330 |
| Total liabilities and equity | 283,423 | 286,152 | 16,099 | 60,976 | 56,928 |
Cash flows
CSVFiscal years (ZEO's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | — | 14,334 | (3,001) | (2,669) | (14,009) |
| Stock-based compensation | — | — | — | 7,951 | 6,398 |
| Depreciation and amortization | — | — | 1,842 | 4,837 | 136 |
| Net cash from operating activities | — | 3,275 | 900 | (8,717) | (8,691) |
| Purchases of property and equipment | — | — | 1,035 | 369 | 1,223 |
| Net cash from investing activities | — | (3,984) | 285,507 | (7,369) | 13,373 |
| Share repurchases | — | — | 272,555 | — | — |
| Dividends paid | — | — | — | 139 | 621 |
| Net cash from financing activities | — | — | (270,942) | 13,698 | (4,173) |
| Net change in cash | — | (709) | — | (2,388) | 504 |
Compare with peers
SIC 1700 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.
How peers are chosen
- SIC 1700 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Fewer than three companies fall in that range, so the list adds same-SIC (1700) companies nearest in public float, each marked “added: same SIC”.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Zeo Energy | 2,452 | 16,169 | (461)* | not reported | 5.3 quarters | 10-QJun 30, 2026 |
| Rhino Bitcoin | 25 | 158* | (131)* | 74.2M | 0.2 quarters | 10-KJul 31, 2025 |
| Cemtrex | 7,972 | 18,440 | 410* | 1.7M | — | 10-QJun 30, 2026 |
| SolarMax Technologyadded: same SIC | 2,158 | 10,244 | (969)* | 4.7M | 38.3 quarters | 10-QJun 30, 2026 |
| ConnectM Technology Solutionsadded: same SIC | 2,394 | 9,794 | not reported | 5.7M | — | 10-QJun 30, 2026 |
| SunPoweradded: same SIC | 4,075 | 54,858 | (26,523)* | 208.8M | 0.2 quarters | 10-QJun 28, 2026 |
| Concrete Pumping Holdingsadded: same SIC | 42,976 | 106,527 | 24,138* | 50.4M | — | 10-QJul 31, 2026 |
| Amerescoadded: same SIC | 138,333 | 515,464 | (107,209)* | not reported | 1.3 quarters | 10-QJun 30, 2026 |
| Matrix Serviceadded: same SIC | 222,966 | 244,531* | (8,810)* | 28.3M | 25.3 quarters | 10-KJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.