Complete Filing Data
Zeo Energy Corp. reported Stockholders Equity of -$22.34 million for FY2021.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Zeo Energy Corp. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Net Income * | -$9.9M | -$3.0M | $14.3M |
| Cost of Revenue * | $38.0M | $59.4M | |
| Operating Income Loss | -$10.8M | $5.1M | -$2.8M |
| Nonoperating Income Expense | -$31.4K | -$294.3K | $17.2M |
| Selling And Marketing Expense | $19.6M | $30.3M | |
| Revenues | $73.2M | $109.7M | |
| General And Administrative Expense | $21.6M | $12.9M | |
| Interest Expense Nonoperating | $333.5K | $110.9K | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$10.9M | $4.8M | |
| Income Tax Expense Benefit | -$988.8K | ||
| Operating Expenses | $84.1M | $104.6M | |
| Net Income Loss Attributable To Redeemable Noncontrolling Interest | -$6.7M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$3.2M | -$2.4M | -$6.4M | -$424.3K | -$277.8K | -$1.5M | $4.0M | -$1.4M | -$1.4M | $4.3M | $1.5M | $5.9M | -$1.7K | -$13.7K |
| Cost of Revenue * | $10.1M | $7.3M | $9.8M | $7.1M | $17.2M | $24.4M | $14.8M | |||||||
| Operating Income Loss | -$2.0M | -$2.9M | -$13.5M | -$3.0M | -$2.7M | -$4.0M | $4.0M | $828.4K | $1.6M | -$329.3K | -$401.7K | -$873.0K | -$1.7K | -$13.7K |
| Nonoperating Income Expense | $159.8K | -$13.0K | $715.5K | $66.3K | $829.0K | -$173.2K | -$1.2K | -$31.2K | -$10.5K | $4.6M | $1.9M | $6.8M | $0.00 | |
| Selling And Marketing Expense | $9.6M | $5.6M | $2.1M | $5.2M | $4.4M | $6.6M | $8.6M | $490.9K | $549.6K | |||||
| Revenues | $23.9M | $18.1M | $8.8M | $19.7M | $14.8M | $20.1M | $37.9M | $30.1M | $18.7M | |||||
| General And Administrative Expense | $6.0M | $4.9M | $10.5M | $7.2M | $5.5M | $3.2M | $4.3M | $3.8M | $1.3M | |||||
| Interest Expense Nonoperating | $129.7K | -$30.0K | $30.3K | $209.2K | $49.8K | $35.2K | $10.4K | $24.0K | ||||||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$1.8M | -$2.9M | -$12.8M | -$2.9M | -$1.8M | -$4.2M | $4.0M | $797.2K | ||||||
| Income Tax Expense Benefit | $48.8K | -$187.0K | $523.5K | -$44.1K | -$76.5K | -$114.7K | ||||||||
| Operating Expenses | $22.3M | $22.6M | $16.9M | $24.2M | $33.9M | $29.3M | $17.1M | |||||||
| Net Income Loss Attributable To Redeemable Noncontrolling Interest | $1.4M | -$263.6K | -$7.0M | -$2.4M | -$1.5M | -$2.1M |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Stockholders Equity * | -$88.9M | $30.6M | $31.3M | -$22.3M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $2.3M | $1.3M | ||
| Retained Earnings Accumulated Deficit | -$533.3K | -$12.0M | -$22.3M | |
| Liabilities And Stockholders Equity | $48.1M | $286.2M | $283.4M | |
| Assets | $48.1M | $286.2M | $283.4M | |
| Liabilities Current | $15.5M | $2.2M | $607.0K | |
| Liabilities | $17.5M | $12.6M | $24.2M | |
| Assets Current | $16.2M | $645.9K | $1.9M | |
| Cash And Cash Equivalents At Carrying Value | $8.0M | $1.3M | ||
| Temporary Equity Accretion To Redemption Value Adjustment | -$3.1M | -$4.0M | ||
| Contract With Customer Liability Current | $5.2M | |||
| Repayments Of Debt | $332.5K | $241.4K | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$2.4M | $5.8M | -$709.1K | |
| Operating Lease Right Of Use Asset | $1.1M | |||
| Operating Lease Liability Noncurrent | $636.4K | |||
| Operating Lease Liability Current | $539.6K | |||
| Inventory Net | $350.4K | |||
| Goodwill | $27.0M | |||
| Accounts Payable Current | $4.7M | |||
| Prepaid Expense And Other Assets Current | $40.4K | |||
| Accounts Receivable Net Current | $2.9M | |||
| Loans Payable Current | $294.4K | |||
| Finance Lease Principal Payments | $118.4K | $84.7K | ||
| Other Assets | $62.1K | |||
| Temporary Equity Carrying Amount Attributable To Parent | $16.0M | $285.5M | $281.5M | |
| Noncash Operating Lease Expense | $705.3K | $550.4K | ||
| Finance Lease Right Of Use Asset | $583.5K | |||
| Finance Lease Liability Noncurrent | $479.3K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | -$1.7M | -$59.4M | -$23.1M | -$88.9M | -$39.3M | -$53.0M | -$173.0M | $30.6M | $34.4M | $33.2M | $32.7M | $31.3M | -$12.3M | -$15.4M | -$16.5M | $9.6K | $11.3K |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $3.9M | $68.7K | $2.9M | $5.6M | $4.3M | $5.3M | $7.7M | $8.0M | $4.3M | $3.4M | $3.4M | $890.3K | $947.5K | $1.1M | $0.00 | ||
| Retained Earnings Accumulated Deficit | -$61.8M | -$96.2M | -$39.6M | -$103.4M | -$43.2M | -$53.2M | -$169.6M | -$7.7M | -$7.6M | -$14.7M | -$12.3M | -$15.4M | -$16.5M | -$15.4K | |||
| Liabilities And Stockholders Equity | $58.5M | $46.2M | $47.4M | $61.0M | $47.1M | $49.1M | $51.6M | $32.7M | $31.7M | $31.0M | $284.2M | $283.2M | $283.1M | $738.3K | |||
| Assets | $58.5M | $46.2M | $47.4M | $61.0M | $47.1M | $49.1M | $51.6M | $32.7M | $31.7M | $31.0M | $284.2M | $283.2M | $283.1M | $738.3K | |||
| Liabilities Current | $10.9M | $14.2M | $13.7M | $15.0M | $10.0M | $8.2M | $8.9M | $7.0M | $5.6M | $3.5M | $1.4M | $1.3M | $1.1M | $728.7K | |||
| Liabilities | $12.4M | $16.3M | $15.9M | $18.1M | $13.6M | $12.2M | $13.8M | $8.0M | $7.7M | $14.8M | $13.4M | $16.6M | $18.0M | ||||
| Assets Current | $23.9M | $10.8M | $10.3M | $18.9M | $15.6M | $17.9M | $19.9M | $271.3K | $63.8K | $87.5K | $1.1M | $1.3M | $1.6M | $6.7K | |||
| Cash And Cash Equivalents At Carrying Value | $3.9M | $68.7K | $2.9M | $5.6M | $4.3M | $5.3M | $267.1K | $50.2K | $50.5K | $614.8K | $890.3K | $947.5K | $1.1M | ||||
| Temporary Equity Accretion To Redemption Value Adjustment | $761.5K | $712.8K | $1.3M | $1.2M | $368.8K | $20.3K | |||||||||||
| Contract With Customer Liability Current | $1.3M | $204.5K | $119.4K | $201.6K | $601.7K | $279.9K | $585.8K | $5.2M | $1.1M | $1.1M | |||||||
| Repayments Of Debt | $72.3K | $71.9K | $75.0K | ||||||||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$2.7M | -$291.2K | $1.2M | ||||||||||||||
| Operating Lease Right Of Use Asset | $1.1M | $1.0M | $1.1M | $1.3M | $1.4M | $828.4K | $983.0K | ||||||||||
| Operating Lease Liability Noncurrent | $448.6K | $568.9K | $662.3K | $799.4K | $909.5K | $468.8K | $529.0K | ||||||||||
| Operating Lease Liability Current | $724.1K | $567.6K | $555.7K | $583.4K | $576.9K | $384.4K | $487.3K | ||||||||||
| Inventory Net | $934.9K | $917.7K | $847.4K | $872.5K | $482.3K | $436.9K | $379.3K | ||||||||||
| Goodwill | $27.1M | $27.0M | $27.0M | $27.0M | $27.0M | $27.0M | $27.0M | ||||||||||
| Accounts Payable Current | $3.4M | $5.1M | $3.6M | $2.8M | $4.9M | $3.4M | $4.6M | ||||||||||
| Prepaid Expense And Other Assets Current | $1.6M | $1.6M | $936.7K | $1.6M | $1.2M | $4.0M | $4.0M | ||||||||||
| Accounts Receivable Net Current | $10.9M | $5.4M | $5.0M | $10.0M | $8.5M | $7.2M | $7.4M | ||||||||||
| Loans Payable Current | $305.4K | $301.1K | $291.0K | $291.0K | $420.7K | $412.8K | |||||||||||
| Finance Lease Principal Payments | $31.7K | $28.5K | |||||||||||||||
| Other Assets | $92.7K | $1.1M | $113.6K | $75.9K | $491.2K | $235.4K | |||||||||||
| Temporary Equity Carrying Amount Attributable To Parent | $32.4M | $31.6M | $30.9M | $283.2M | $281.9M | $281.5M | |||||||||||
| Noncash Operating Lease Expense | $180.6K | $152.7K | |||||||||||||||
| Finance Lease Right Of Use Asset | $344.7K | $378.8K | $412.9K | $447.0K | $481.1K | ||||||||||||
| Finance Lease Liability Noncurrent | $242.3K | $278.7K | $314.2K | $348.8K | $382.6K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$8.7M | $12.0M | $3.3M |
| Net Cash Provided By Used In Investing Activities | -$7.4M | -$1.0M | -$4.0M |
| Net Cash Provided By Used In Financing Activities | $13.7M | -$5.2M | |
| Payments To Acquire Property Plant And Equipment | $369.1K | $1.0M | |
| Increase Decrease In Operating Lease Liability | -$631.0K | -$547.1K | |
| Increase Decrease In Inventories | $131.9K | $63.2K | |
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | -$1.1M | $1.5M | |
| Increase Decrease In Accounts Receivable | $8.8M | $3.5M | |
| Increase Decrease In Contract With Customer Liability | -$3.9M | $2.9M | |
| Depreciation Depletion And Amortization | $4.8M | $1.8M | |
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $1.8M | -$61.9K | |
| Increase Decrease In Accounts Payable | -$2.5M | $4.5M | |
| Stock Issued During Period Value Share Based Compensation | $7.4M | ||
| Payments Of Distributions To Affiliates | $90.0K | $5.2M | |
| Increase Decrease In Other Operating Assets | $13.8K | ||
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | $943.1K | $2.4M | |
| Increase Decrease In Due To Related Parties | -$1.2M | $1.2M | |
| Increase Decrease In Prepaid Expense | -$11.8K | -$1.5M | |
| Share Based Compensation | $8.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q1 2023 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$2.3M | -$10.2M | $1.6M | -$237.8K | |||||
| Net Cash Provided By Used In Investing Activities | -$372.6K | -$226.1K | -$605.9K | $0.00 | |||||
| Net Cash Provided By Used In Financing Activities | -$104.0K | $10.1M | $166.7K | $0.00 | |||||
| Payments To Acquire Property Plant And Equipment | $372.6K | $226.1K | $605.9K | ||||||
| Increase Decrease In Operating Lease Liability | -$164.9K | -$159.7K | $22.1K | ||||||
| Increase Decrease In Inventories | -$25.1K | $29.0K | $53.7K | ||||||
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | -$1.5M | -$691.3K | $313.3K | ||||||
| Increase Decrease In Accounts Receivable | -$1.7M | $2.3M | $771.0K | ||||||
| Increase Decrease In Contract With Customer Liability | -$82.2K | -$3.5M | -$14.8K | ||||||
| Depreciation Depletion And Amortization | $3.2M | $4.9M | $499.9K | $453.7K | $459.5K | $521.3K | |||
| Increase Decrease In Prepaid Deferred Expense And Other Assets | -$1.1M | $1.4M | |||||||
| Increase Decrease In Accounts Payable | $788.7K | -$400.9K | |||||||
| Stock Issued During Period Value Share Based Compensation | $2.7M | $1.1M | $2.1M | $1.1M | $2.4M | $3.1M | |||
| Payments Of Distributions To Affiliates | $90.0K | $166.3K | |||||||
| Increase Decrease In Other Operating Assets | $37.7K | $109.4K | |||||||
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | -$1.0M | -$2.1M | |||||||
| Increase Decrease In Due To Related Parties | -$2.0K | -$1.1M | |||||||
| Increase Decrease In Prepaid Expense | $1.4M | $180.3K | -$97.7K | ||||||
| Share Based Compensation | $2.3M | $3.1M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Earnings Per Share Diluted | $-0.48 | $4.85 | ||
| Earnings Per Share Basic | $-0.48 | $4.85 | ||
| Preferred Stock Shares Authorized | 1.0M | 1.0M | 1.0M | |
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | |
| Weighted Average Number Of Shares Outstanding Basic | 5.5M | 1.0M | ||
| Weighted Average Number Of Diluted Shares Outstanding | 5.5M | 1.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share Diluted | $-0.48 | $-0.08 | $0.03 | $-1.54 | $0.00 | ||||||
| Earnings Per Share Basic | $-0.48 | $0.30 | $0.03 | $-1.54 | $0.00 | ||||||
| Preferred Stock Shares Authorized | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | ||||
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||
| Weighted Average Number Of Shares Outstanding Basic | 13.3M | 5.1M | 5.0M | 994.3K | 5.0M | ||||||
| Weighted Average Number Of Diluted Shares Outstanding | 13.3M | 5.1M | 5.0M | 994.3K | 5.0M |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Fair Value Adjustment Of Warrants | -$69.0K | $317.4K | -$13.2M | |
| Depreciation And Amortization | $4.8M | $1.8M | ||
| Netloss Attributable To Business Combination | -$9.3M | $4.8M | ||
| Stock Issued During Period Value Subsequent Measurement Of Redeemable Noncontrolling Interest | -$105.7M | |||
| Operating Costs And Expenses | $0.00 | |||
| Provision For Other Credit Losses | $2.8M | $1.5M | ||
| Interest Paid Net | $124.5K | $103.4K | ||
| Costs And Expenses Related Party | $120.0K | $120.0K | ||
| Additional Paid In Capital | $31.2M | |||
| Prepaid Expense Current | $31.1K | $550.4K | ||
| Stock Issued During Period Value Stockholder Distributions | $90.0K | $5.5M | ||
| Other Cost And Expense Operating | $503.4K | $267.9K | ||
| General Insurance Expense | $92.1K | $528.9K | ||
| Investment Income Interest | $2.0M | $4.0M | ||
| Warrants And Rights Outstanding | $1.1M | $796.2K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fair Value Adjustment Of Warrants | -$124.2K | $96.3K | -$663.4K | -$138.0K | -$828.0K | $138.0K | -$1.0M | $378.6K | $874.2K | -$3.3M | -$1.5M | -$6.7M | $0.00 | ||||
| Depreciation And Amortization | $249.4K | $4.9M | $499.9K | $456.8K | $459.5K | $489.6K | $432.6K | ||||||||||
| Netloss Attributable To Business Combination | -$1.9M | -$2.7M | -$13.3M | -$2.9M | -$1.8M | -$3.6M | -$1.6M | ||||||||||
| Stock Issued During Period Value Subsequent Measurement Of Redeemable Noncontrolling Interest | $37.6M | -$35.4M | $51.4M | $12.7M | $117.9M | -$176.4M | |||||||||||
| Operating Costs And Expenses | $25.9M | $4.8M | $22.6M | $14.0M | $20.5M | $0.00 | $371.7K | $843.0K | $1.7K | $13.7K | |||||||
| Provision For Other Credit Losses | $3.5M | $150.0K | $240.5K | ||||||||||||||
| Interest Paid Net | $25.8K | $34.1K | $15.5K | ||||||||||||||
| Costs And Expenses Related Party | $30.0K | $30.0K | $30.0K | $30.0K | $30.0K | $30.0K | $0.00 | ||||||||||
| Additional Paid In Capital | $60.1M | $36.8M | $16.5M | $14.5M | $3.9M | $2.0M | $0.00 | $0.00 | $24.4K | ||||||||
| Prepaid Expense Current | $1.1M | $865.3K | $4.9M | $4.3K | $13.6K | $37.0K | $174.3K | $322.6K | $478.8K | $6.7K | |||||||
| Stock Issued During Period Value Stockholder Distributions | $90.0K | $2.8M | $361.3K | $166.3K | |||||||||||||
| Other Cost And Expense Operating | $88.3K | $110.7K | $97.2K | $20.4K | $79.8K | $81.1K | |||||||||||
| General Insurance Expense | $2.9K | $6.0K | $16.5K | $133.3K | $131.9K | $130.4K | |||||||||||
| Investment Income Interest | $365.2K | $940.6K | $1.2M | $368.8K | $18.2K | $0.00 | |||||||||||
| Warrants And Rights Outstanding | $757.6K | $881.8K | $785.6K | $1.4M | $690.0K | $828.0K | $1.7M |
Most recent annual filing with the SEC: May 28, 2025
Data sourced from SEC EDGAR public filings as of August 5, 2026.