ZEO on Nasdaq

Zeo Energy Corp.

Construction - special trade contractors company, listed on Nasdaq (ZEO). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$69.3MRevenue, fiscal 20252
-$14.0MNet income, fiscal 20252

Compare with CEMTREX INC, SolarMax Technology, Inc. or Skyline Builders Group Holding Ltd, or pick any stock.

  • TickerZEO on Nasdaq1
  • IndustryConstruction - Special Trade Contractors1
  • HeadquartersDallas, Texas1
  • Business address5956 Sherry Lane, Suite 1400, Dallas, Tx 752253
  • Filer category, Emerging growth company3

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White Lion Commitment Period or the occurrence of certain bankruptcy or insolvency-related events involving the Company.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-29.6%Operating margin2
-20.2%Net margin2
-5.3%Revenue growth, 20252
-262.8%Return on equity2
0.01×Debt to equity2
-$9.9MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Solar System Installations Net brought in 98% of the revenue Zeo Energy Corp. broke down this way in fiscal 2025.

  1. Solar System Installations Net$68.2M298%down 3% from 2024
  2. Roofing Installations$1.2M22%down 59% from 2024
Products and services by year
Products and services20242025
Solar System Installations Net$70.3M$68.2M
Roofing Installations$2.9M$1.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue45¢$31.1M
  • Other costs55¢$38.0M
  • Income tax0¢$263.6K

Out of $69.3M in revenue.2 The company lost money this year.

Financial statements

Revenue52$69.3M in 2025−37% since 2023
0$50.0M$100.0M$150.0M2023: $109.7M$109.7M20232024: $73.2M$73.2M2024−33%2025: $69.3M$69.3M2025−5%
Operating income652-$20.5M in 2025+625% since 2022
-$30.0M-$20.0M-$10.0M0$10.0M2022: -$2.8M-$2.8M20222023: $5.1M$5.1M20232024: -$10.8M-$10.8M20242025: -$20.5M-$20.5M2025+90%
Net income62-$14.0M in 2025
-$20.0M-$10.0M0$10.0M$20.0M2022: $14.3M$14.3M20222023: -$3.0M-$3.0M20232024: -$2.7M-$2.7M2024−11%2025: -$14.0M-$14.0M2025+425%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Total Net Revenues$69.3M$73.2M
Cost of revenues$31.1M$38.1M
Depreciation and amortization$8.6M$4.8M
Sales and marketing$22.7M$19.6M
General and administrative$27.5M$21.6M
Total Operating Expenses$89.9M$84.0M
LOSS FROM OPERATIONS-$20.5M-$10.8M
Other income$363.9K$141.5K
Interest expense-$155.5K-$333.5K
Gain on disposal of property and equipment$91.7K
Gain on change in fair value of warrant liabilities$957.7K$69.0K
Total Other Income (Expense)$1.2M-$31.4K
NET LOSS FROM OPERATIONS BEFORE INCOME TAXES-$19.4M-$10.8M
Income tax benefit (provision)-$263.6K$963.8K
NET LOSS-$19.6M-$9.9M
Less: Net loss attributable to Sunergy Renewables LLC prior to the business combination-$523.7K
NET LOSS SUBSEQUENT TO THE BUSINESS COMBINATION-$19.6M-$9.3M
Less: Net loss attributable to redeemable noncontrolling interests-$5.6M-$6.7M
NET LOSS ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS-$14.0M-$2.7M
Foreign currency translation adjustments$4.9K
NET COMPREHENSIVE LOSS-$14.0M-$2.7M

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Leadership

Who has led Zeo Energy Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Andrea Bernatova2021
  2. Timothy A. Bridgewater2024–now

Chief financial officer

  1. Nader Daylami2021
  2. Timothy A. Bridgewater2024
  3. Cannon Holbrook2024–now

Chief operating officer

  1. Kalen Larsen2024–now
2025
Board members and other officers (12)

Former names

  • ESGEN Acquisition CorpJun 21, 2021 to Mar 13, 20243

Timeline

  1. Mar 15, 2024New chief executive Timothy A. Bridgewater becomes CEO12
  2. Oct 19, 2021New chief executive Andrea Bernatova becomes CEO13

Filings

265 filings to the SEC since October 2021: 6 annual reports, 20 quarterly reports, 54 major events, 41 insider forms, 29 large holders, 115 other. The latest 20:

  1. Oct 14, 2026424B3 PROSPECTUS EDGAR
  2. Oct 13, 2026EFFECT EDGAR
  3. Oct 8, 2026S-3/A AMENDMENT NO.1 TO FORM S-3 EDGAR
  4. Aug 24, 2026S-3 REGISTRATION STATEMENT EDGAR
  5. Aug 21, 20268-K CURRENT REPORT EDGAR
  6. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  7. Aug 11, 20268-K CURRENT REPORT EDGAR
  8. Jul 6, 2026DEF 14A PROXY STATEMENT EDGAR
  9. Jun 25, 2026PRE 14A PROXY STATEMENT EDGAR
  10. Jun 15, 20268-K CURRENT REPORT EDGAR
  11. May 15, 202610-Q QUARTERLY REPORT EDGAR
  12. Apr 24, 20268-K CURRENT REPORT EDGAR
  13. Apr 17, 20268-K CURRENT REPORT EDGAR
  14. Apr 1, 202610-K ANNUAL REPORT EDGAR
  15. Apr 1, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
  16. Mar 10, 20265 EDGAR
  17. Mar 10, 20265 EDGAR
  18. Feb 24, 20265 EDGAR
  19. Feb 23, 2026144 EDGAR
  20. Feb 3, 2026424B3 PROSPECTUS EDGAR

The 265 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

14 open-market trades by officers, directors and large owners since October 2021: 0 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 11, 2025Bridgewater BrandonCSOSale32,669$1.16$37.9KForm 4
Dec 11, 2025Bridgewater BrandonCSOSale32,669$1.16$37.9KForm 4
Dec 10, 2025Bridgewater BrandonCSOSale4,540$1.15$5.2KForm 4
Dec 10, 2025Bridgewater BrandonCSOSale4,540$1.15$5.2KForm 4
Dec 9, 2025Bridgewater BrandonCSOSale18,191$1.16$21.1KForm 4
Dec 8, 2025Bridgewater BrandonCSOSale24,490$1.20$29.4KForm 4
Sep 3, 2025Larsen KalenCOOSale26,636$1.61$42.9KForm 4
Sep 3, 2025Bridgewater BrandonCSOSale26,636$1.61$42.9KForm 4
Aug 29, 2025Larsen KalenCOOSale440$1.60$704Form 4
Aug 29, 2025Bridgewater BrandonCSOSale440$1.60$704Form 4
Aug 28, 2025Bridgewater BrandonCSOSale28,875$1.62$46.8KForm 4
Aug 28, 2025Larsen KalenCOOSale28,875$1.62$46.8KForm 4
Aug 27, 2025Bridgewater BrandonCSOSale32,412$1.75$56.7KForm 4
Aug 27, 2025Larsen KalenCOOSale32,412$1.75$56.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Citizens Financial Group Inc/ri541,175$357.4K0.0%No change
Vanguard Capital Management LLC421,569$278.2K0.0%+54,597
UBS Group AG115,994$76.6K0.0%+114,363
Geode Capital Management, LLC109,279$72.2K0.0%−20,413
PNC Financial Services Group, Inc.75,000$49.5K0.0%No change
Groupe la Francaise43,761$28.9K0.0%No change
State Street Corp38,900$25.7K0.0%No change
XTX Topco Ltd38,891$25.7K0.0%−6,881
SHANDA ASSET MANAGEMENT HOLDINGS Ltd37,249$24.6K0.0%No change
Jane Street Group, LLC30,080$19.9K0.0%+5,289
Creative Planning17,107$11.3K0.0%−171
Credit Industriel Et Commercial10,845$7.2K0.0%No change
Northern Trust Corp10,625$7.0K0.0%New
Vanguard Fiduciary Trust Co10,497$6.9K0.0%No change
Tower Research Capital LLC (TRC)10,043$6.6K0.0%+7,864
Morgan Stanley2,779$1.8K0.0%+23
Caz Investments LP2,738$1.8K0.0%+1,369
Jpmorgan Chase & Co1,612$1.1K0.0%No change
Abound Financial, LLC1,520$1.0K0.0%No change
Group One Trading LLC1,348$8900.0%No change
Noble Wealth Management PBC876$5790.0%No change
NewEdge Advisors, LLC250$1650.0%No change
SBI Securities Co., Ltd.134$880.0%No change
Fmr LLC100$660.0%No change
Barclays PLC73$480.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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