4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 20.5% per year over the past 3 years.
Financial health
The company holds more cash ($6M) than total debt ($79112).
Total debt has grown slower than revenue (-90.0% vs -20.5% per year).
Operating income covered interest expense -132.0× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Shareholder returns
Dividends have been paid for 2 consecutive years.
The dividend has grown 346.6% per year over the past 3 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$69M
-$14M
55.2%
-29.6%
-$10M
$79112
$6M
2024
$73M
-$3M
48.0%
-14.8%
-$9M
$787659
$6M
2023
$110M
-$3M
0.0%
4.7%
$11M
—
$8M
2022
—
$14M
—
—
—
—
$614767
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$13M
-$4M
42.5%
-36.1%
-$1M
$49288
$2M
Dec '25
$19M
-$2M
51.9%
-11.8%
$2M
$79112
$6M
Sep '25
$24M
-$3M
57.9%
-8.3%
-$7M
$84600
$4M
Jun '25
$18M
-$2M
59.8%
-15.8%
-$3M
$642845
$68691
Mar '25
$9M
-$6M
45.5%
-153.8%
-$3M
$715359
$3M
Dec '24
$19M
-$435346
61.1%
-6.0%
$3M
$787659
$6M
Sep '24
$20M
-$424262
50.2%
-15.2%
$207977
$858599
$4M
Jun '24
$15M
-$277790
52.3%
-18.0%
-$2M
$2M
$5M
Mar '24
$20M
-$2M
0.0%
-20.1%
-$10M
$748791
—
Dec '23
$23M
-$775735
0.0%
-5.9%
$5M
—
$8M
Sep '23
$38M
$4M
0.0%
10.6%
$4M
—
$267058
Jun '23
$30M
-$1M
0.0%
2.8%
$81139
—
$50193
Mar '23
$19M
-$1M
0.0%
8.6%
$983903
—
$50471
Dec '22
—
$3M
—
—
—
—
$614767
Sep '22
—
$4M
—
—
—
—
$890273
Jun '22
—
$1M
—
—
—
—
$947477
Mar '22
—
$6M
—
—
—
—
$1M
Dec '21
—
$9M
—
—
—
—
$1M
Sep '21
—
-$1690
—
—
—
—
$0
Jun '21
—
-$13703
—
—
—
—
—
Valuation over time
How the market has priced ZEO against its own fundamentals since 2024-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 0.7× (Mar '24) to 0.1× (Jun '26).
The dividend yield has risen from 0.3% (Dec '24) to 6.6% (Jun '26).
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ZEO growing its revenue and profit?
Over the past 3 years, Zeo Energy Corp.'s revenue has declined 20.5% per year. These are computed facts, not advice.
How much debt does ZEO have?
As of FY2025, Zeo Energy Corp. reported $79112 of total debt against $6M of cash; operating income covered interest expense -132.0×.
What is ZEO's profit margin?
In FY2025, gross margin was 55.2%, operating margin -29.6%, and net margin -20.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.