Zeo Energy Corp.ZEOEarnings & Financial Report
Revenue
$18.1M
Gross Profit
$10.8M
Operating Profit
$-2.9M
Net Profit
$-2.4M
Gross Margin
59.8%
Operating Margin
-15.8%
Net Margin
-13.3%
YoY Growth
22.3%
Zeo Energy Corp. Q2 FY2025 Financial Summary
Zeo Energy Corp. reported revenue of $18.1M (up 22.3% YoY) for Q2 FY2025, with a net profit of $-2.4M (down 769.7% YoY) (-13.3% margin). Cost of goods sold was $7.3M, operating expenses totaled $13.7M.
Key Financial Metrics
| Total Revenue | $18.1M |
|---|---|
| Net Profit | $-2.4M |
| Gross Margin | 59.8% |
| Operating Margin | -15.8% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Zeo Energy Corp. Q2 FY2025 revenue of $18.1M breaks down across 2 segments, led by Nonrelated Party at $10.0M (55.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Nonrelated Party | $10.0M | 55.1% |
| Related Party | $8.1M | 44.9% |
Zeo Energy Corp. Revenue by Segment — Quarterly Trend
Zeo Energy Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Nonrelated Party and Related Party) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Nonrelated Party | $18.1M | — | $10.0M | $6.2M |
| Related Party | $432.1K | — | $8.1M | $2.6M |
Zeo Energy Corp. Annual Revenue by Year
Zeo Energy Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $69.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $69.3M |
| 2024 | $73.2M |
| 2023 | $109.7M |
Zeo Energy Corp. Quarterly Revenue & Net Profit History
Zeo Energy Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $18.6M | -0.4% | $-2.0M | -10.8% |
| Q3 FY2025 | $23.9M | +21.6% | $-3.2M | -13.5% |
| Q2 FY2025 | $18.1M | +22.3% | $-2.4M | -13.3% |
| Q1 FY2025 | $8.8M | -56.4% | $-6.4M | -72.4% |
| Q4 FY2024 | $18.6M | -18.9% | $-435.3K | -2.3% |
| Q3 FY2024 | $19.7M | -48.1% | $-424.3K | -2.2% |
| Q2 FY2024 | $14.8M | -50.8% | $-277.8K | -1.9% |
| Q1 FY2024 | $20.1M | +7.5% | $-1.5M | -7.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.1M | $14.8M | $19.7M | $18.6M | $8.8M | $18.1M | $23.9M | $18.6M |
| YoY Growth | 7.5% | -50.8% | -48.1% | -18.9% | -56.4% | 22.3% | 21.6% | -0.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $50.1M | $49.1M | $47.1M | $61.0M | $47.4M | $46.2M | $58.5M | $56.9M |
| Liabilities | $15.8M | $12.2M | $13.6M | $18.1M | $15.9M | $16.3M | $12.4M | $9.5M |
| Equity | $-173.0M | $-53.0M | $-39.3M | $-88.9M | $-23.1M | $-59.4M | $-1.7M | $5.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-10.2M | $-2.2M | $162215 | $3.5M | $-2.3M | $-2.3M | $-6.6M | $2.4M |