Zeo Energy Corp.

NASDAQ•ZEO

CEO: Mr. Timothy A. Bridgewater

Sector: Energy

Industry: Solar

Listing Date: 2021-12-16

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services. Zeo Energy Corp. was founded in 2005 and is headquartered in New Port Richey, Florida.

Contact Information

7625 Little Road, Suite 200A, New Port Richey, FL, 34654, United States

727-375-9375

zeoenergy.com

Market Cap

$52.59M

P/E (TTM)

-2.1

Dividend Yield

52W High

$3.68

52W Low

$0.86

52W Range

Rank31Top 21.6%

5.0

F-Score

Modified Piotroski Analysis

Based on 4-year fundamentals

Average • 5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2022-2025

Financial Dashboard

Q3 2025 Data

Revenue

$23.90M+21.56%

4-Quarter Trend

EPS

-$0.12+207.69%

4-Quarter Trend

FCF

-$6.82M-3380.95%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Gross Margin Significantly Improved Nine months Gross Margin rose 12.8 points to 55.3% from 42.5% due to new Solar Leasing pricing agreement implementation.

Net Revenues Decline Moderately Nine months Net Revenues fell 7.0% to $50.78B from $54.60B, driven by lower installation volume despite better pricing.

Operating Expenses Rise Slowly Total operating expenses increased 7.5% to $69.13B for nine months, reflecting integration costs following the recent acquisition.

Net Loss Widens Substantially Nine months Net Loss ballooned 94.9% to $(17.87B) versus $(8.97B) last year, driven by lower volume and acquisition effects.

Risk Factors

Operating Cash Flow Negative Nine months Net Cash used in operations was $(11.13M), reflecting substantial losses and working capital requirements during the period.

Heliogen Integration Risk Failure to effectively manage and integrate Heliogen operations may harm reputation and operating results post-merger completion.

Material Internal Control Weaknesses Material weaknesses persist in internal control over financial reporting, affecting timely reconciliation and accurate earnings per share calculation.

Inflationary Cost Pressures Increased labor and raw material costs due to inflation may continue to pressure operating margins across the core business.

Outlook

Expand Residential Sales Markets Future revenue growth relies on expanding services into new residential states offering favorable incentives and net metering policies.

Integrate Commercial Energy Storage Heliogen acquisition supports strategy to expand platform into large-scale commercial and industrial energy generation and storage projects.

Future Capital Requirements Future capital needs depend on growth rate; additional funds may be required from debt or equity markets for strategic acquisitions.

Peer Comparison

Revenue (TTM)

FTCI

$99.69M

+110.5%

ZEO

$69.43M

-10.4%

$34.20M

-22.3%

Gross Margin (Latest Quarter)

204.4%

+86.5pp

ZEO

57.9%

+7.7pp

FTCI

21.0%

+48.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
EP	$108.83M	-1.5	-177.3%	23.3%
FTCI	$66.63M	-0.9	1044.3%	20.7%
ZEO	$52.59M	-2.1	28.7%	7.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

8.6%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

25%

Cash Flow Needs Attention

Deep Research

Next earnings:May 26, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data