Zeo Energy Corp. (ZEO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	71.8M	69.3M	73.2M	109.7M	89.0M
Cost of Revenue	36.2M	31.1M	38.0M	59.4M	71.2M
Gross Profit	35.6M	38.3M	35.2M	50.3M	17.8M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	46.8M	50.2M	41.2M	43.3M	7.4M
General & Admin Expense	24.4M	27.5M	21.6M	12.9M	6.0M
Selling & Marketing Expense	22.4M	22.7M	19.6M	30.3M	1.4M
Other Expenses	748.5K	8.6M	4.8M	1.8M	1.7M
Total Operating Expenses	47.5M	58.8M	46.1M	45.1M	9.1M
Cost and Expenses	83.7M	89.9M	84.1M	104.6M	80.3M
Operating Income (EBIT)	(11.9M)	(20.5M)	(10.8M)	5.1M	8.6M
Non-Operating
Interest Income	—	—	—	124.0K	—
Interest Expense	198.5K	155.5K	333.5K	—	51.3K
Net Interest Income	(198.5K)	(155.5K)	(333.5K)	124.0K	(51.3K)
Other Non-Op Income/Expense	781.0K	1.2M	(31.4K)	(294.3K)	20.0K
Non-Operating Income (excl Interest)	(979.5K)	(1.3M)	(302.2K)	183.4K	(71.3K)
EBT (Pre-Tax Income)	(11.1M)	(19.4M)	(10.9M)	4.8M	8.7M
Income Tax Expense	(68.2K)	263.6K	(988.8K)	—	—
Bottom Line
Net Income	(11.1M)	(14.0M)	(2.7M)	4.8M	8.7M
Earnings from Cont. Ops	(11.1M)	(19.6M)	(9.9M)	4.8M	8.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(11.1M)	(14.0M)	(2.7M)	4.8M	8.7M
Per Share
Basic EPS	($0.40)	($0.56)	($0.25)	$0.45	$0.42
Diluted EPS	($0.40)	($0.56)	($0.25)	$0.45	$0.42
Revenue Per Share	$2.88	$2.78	$6.73	$10.23	$2.58
Shares
Basic Shares Outstanding	24.9M	24.9M	10.9M	10.7M	34.5M
Diluted Shares Outstanding	24.9M	24.9M	10.9M	10.7M	34.5M
Profitability Metrics
EBITDA	(9.1M)	(10.6M)	(5.7M)	6.8M	10.4M
D&A	1.8M	8.6M	4.8M	1.8M	1.7M
EBIT	(10.9M)	(19.2M)	(10.5M)	5.0M	8.7M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026