Zeo Energy Corp. (ZEO) Income Statement
ZEO FY2026 at a glance
Fiscal year ended September 30, 2026 · U.S. dollarsZEO revenue and net income
Where ZEO's revenue goes
FY2026Each bar shows an amount and its share of revenue. ZEO kept −20.2% of revenue as net income.
ZEO profit margins
ZEO growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.3% | −14.2% | +23.0% | — |
| Gross profit | +8.7% | −8.7% | +29.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZEO quarterly EPS vs estimates
Next report: November 13, 2026.
ZEO income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | $69.3M | $73.2M | $73.2M | $109.7M | $89.0M | $24.6M |
| Cost of revenue | $31.1M | $38.0M | $38.1M | $59.4M | $71.2M | $14.1M |
| Gross profit | $38.3M | $35.2M | $35.2M | $50.3M | $17.8M | $10.5M |
| Sales, general & admin | $50.2M | $41.2M | $41.1M | $43.3M | $7.4M | $3.1M |
| Total operating expenses | $58.8M | $46.1M | $84.0M | $45.1M | $9.1M | $3.4M |
| Operating income | −$20.5M | −$10.8M | −$10.8M | $5.1M | $8.6M | $7.1M |
| Interest expense | $155,490 | $333,539 | $333,539 | $110,857 | $51,295 | $0 |
| Income before taxes | −$19.4M | −$10.9M | −$10.8M | $4.8M | $8.7M | $7.1M |
| Income taxes | $263,649 | −$988,802 | — | −$1.9M | −$1.7M | −$379,823 |
| Net income | −$14.0M | −$2.7M | −$2.7M | $4.8M | $8.7M | $7.1M |
| EBITDA | −$10.6M | −$5.7M | −$5.7M | $6.8M | $10.4M | $7.5M |
| EPS (diluted) | −$0.24 | −$0.35 | −$1.48 | −$0.10 | $1.10 | $0.21 |
| Gross margin | 55.2% | 48.1% | 48.0% | 45.8% | 20.0% | 42.7% |
| Operating margin | −29.6% | −14.8% | −14.8% | 4.7% | 9.7% | 28.7% |
| Net margin | −20.2% | −3.6% | −3.6% | 4.4% | 9.7% | 28.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2M | $13.2M | $18.6M | $23.9M | $18.1M | $8.8M | $18.6M | $19.7M | $14.7M | $20.1M | $23.0M | $37.9M |
| Cost of revenue | $8.5M | $8.7M | $8.9M | $10.1M | $7.3M | $4.8M | $7.2M | $9.8M | $10.3M | $14.0M | −$8.8M | $20.5M |
| Gross profit | $7.6M | $4.5M | $9.6M | $13.8M | $10.8M | $4.0M | $11.4M | $9.9M | $4.4M | $6.2M | $31.8M | $17.4M |
| Sales, general & admin | $10.4M | $9.3M | $11.6M | $15.6M | $10.5M | $12.6M | $9.1M | $12.4M | $6.1M | $9.8M | $32.6M | $12.7M |
| Total operating expenses | $10.6M | $9.3M | $20.8M | $15.8M | $13.7M | $17.5M | $19.8M | $12.9M | $6.6M | $10.2M | $33.0M | $13.4M |
| Operating income | −$3.0M | −$4.8M | −$2.2M | −$2.0M | −$2.9M | −$13.5M | −$1.1M | −$3.0M | −$2.2M | −$4.0M | −$1.3M | $4.0M |
| Interest income | — | — | — | — | $29,989 | — | — | — | — | — | — | — |
| Interest expense | $32,429 | $10,853 | $25,483 | $129,719 | — | $30,277 | $39,282 | $209,227 | $34,233 | $37,054 | $71,019 | $10,396 |
| Income before taxes | −$2.7M | −$4.8M | −$1.9M | −$1.8M | −$2.9M | −$12.8M | −$1.9M | −$2.9M | −$1.4M | −$4.2M | −$1.5M | $4.0M |
| Income taxes | $96,782 | −$92,129 | — | $48,752 | −$186,994 | $523,500 | — | −$44,146 | −$61,185 | −$114,668 | −$469,011 | −$524,461 |
| Net income | −$2.3M | −$3.5M | −$2.0M | −$3.2M | −$2.4M | −$6.4M | −$435,346 | −$424,262 | $167,238 | −$1.5M | −$1.5M | $4.0M |
| EBITDA | −$2.4M | −$3.7M | −$1.6M | −$1.4M | $321,946 | −$7.9M | — | −$2.2M | −$859,910 | −$3.7M | −$1.1M | $4.5M |
| EPS (diluted) | −$0.07 | −$0.11 | −$0.06 | −$0.12 | −$0.11 | −$0.04 | −$0.08 | −$0.08 | −$0.06 | −$1.25 | −$0.09 | $0.06 |
| Gross margin | 47.1% | 34.3% | 51.9% | 57.9% | 59.8% | 45.5% | 61.3% | 50.2% | 29.8% | 30.7% | 138.1% | 46.0% |
| Operating margin | −18.5% | −36.1% | −11.8% | −8.3% | −15.8% | −153.8% | −6.1% | −15.2% | −14.9% | −20.1% | −5.5% | 10.6% |
| Net margin | −14.4% | −26.6% | −10.8% | −13.5% | −13.3% | −72.4% | −2.3% | −2.2% | 1.1% | −7.6% | −6.6% | 10.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZEO's financial statements (latest annual report filed April 1, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZEO financial results
In fiscal year 2026 (ended September 30, 2026), Zeo Energy reported revenue of $69.3 million, down 5.3% from the year before. It had a net loss of $14.0 million, a net profit margin of −20.2%. Diluted earnings per share came to −$0.24. Over five years revenue grew at an average rate of 23.0% a year.
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ZEO income statement FAQ
What is Zeo Energy's annual revenue?
Zeo Energy reported total revenue of $69.3 million for fiscal year 2026, which ended on September 30, 2026. That was down 5.3% from $73.2 million the previous year.
Is Zeo Energy profitable?
No. Zeo Energy reported a net loss of $14.0 million in fiscal 2026, a net profit margin of −20.2%; its operating margin was −29.6%.
What is Zeo Energy's gross margin?
Zeo Energy's gross margin was 55.2% in fiscal 2026: for every $100 of revenue, Zeo Energy kept $55 after the direct cost of its products and services.
How fast is Zeo Energy growing?
Revenue grew 23.0% a year on average over the last five fiscal years, from $24.6 million to $69.3 million.
What are Zeo Energy's earnings per share?
Zeo Energy earned $-0.24 per diluted share in fiscal 2026, compared with $-0.35 a year earlier.
When will Zeo Energy report its next earnings?
Zeo Energy is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Zeo Energy's fiscal year end?
Zeo Energy's fiscal year ends in September. The latest annual report covers the year ended September 30, 2026 and was filed on April 1, 2026.