Zeo Energy Corp.
zeoenergy.comWhat Do They Do?
Sells, designs, installs, and maintains residential solar energy systems for homeowners, along with roofing services. Develops concentrated-solar power and thermal-storage solutions for commercial and industrial users.
10-K for FY2025, filed Apr 1, 2026We are a vertically integrated company offering energy solutions and services that include sale, design, procurement, installation, and…View ↗
Zeo Energy’s primary business activity is selling and installing residential solar energy systems that homeowners use to supplement the…View ↗
Roofing ServicesView ↗
HeliogenView ↗
supporting owner-operators to deploy Heliogen’s technology (Heliogen will partner with engineering, procurement and construction companies…View ↗
Carbon-Free Steam Production — This baseline solution produces heat or steam for use in industrial processes, eliminating carbon emissions…View ↗
How Do They Make Money?
Homeowners or third-party leasing and financing companies pay for solar systems and installation; financing companies remit payment when installation is complete. Roofing customers pay for completed roofing projects.
10-K for FY2025, filed Apr 1, 2026Revenue from roofing services is recognized at a point in time upon completion of the roofing project when control transfers to the…View ↗
Many customers finance the purchase and installation of solar systems through third-party financing companies. In these arrangements, the…View ↗
System Leases. In December 2022, we launched a program offering customers the option of leasing our solar energy systems from third-party…View ↗
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10-K for FY2025, filed Apr 1, 2026
FY2025 revenue by product or service ↗
$69.3M
-
10-K for FY2025, filed Apr 1, 2026
$69.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Solar system installations, net
Sold outright
10-K for FY2025, filed Apr 1, 2026 |
98% |
Solar system installations, net, FY2025
$68.2M Sources
|
Sold outright |
|
Roofing installations
Sold outright
|
1.7% |
Roofing installations, FY2025
$1.2M Sources
|
Sold outright |
Who Are Their Customers?
Homeowners sign purchase agreements after meeting Zeo sales agents or external dealers; leasing companies also contract with Zeo to install systems they own and lease to homeowners.
10-K for FY2025, filed Apr 1, 2026We market our products and services to potential customers directly through in-home visits carried out by our internal sales agents and…View ↗
Upon our selection of and engagement with a dealer, the dealer executes our dealer agreement. The majority of our dealer agreements require…View ↗
A homeowner becomes our customer typically by signing a contract with us to purchase and receive installation of a solar energy system. We…View ↗
System Leases. In December 2022, we launched a program offering customers the option of leasing our solar energy systems from third-party…View ↗
Do Revenues Turn Into Profits?
No. It lost $14M in FY2025.
10-K for FY2025, filed Apr 1, 2026
−$20.5MView ↗
10-K for FY2025, filed Apr 1, 2026
−$14MView ↗
10-K for FY2025, filed Apr 1, 2026
−$9.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$2.3MView ↗
- ▼ −3% (Loss)
- vs −$2.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
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Apr 24, 2026
Nasdaq said Zeo no longer met its minimum share-price rule
The company had 180 days to regain compliance, and the notice had no immediate effect on its listing.
Sources
8-K, filed Apr 24, 2026
Nasdaq Listing Rule 5810(c)(3)(A) provides a compliance period of 180 calendar days, or until October 20, 2026, in which to regain…View ↗
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Apr 17, 2026
Zeo expects 20%+ revenue growth in residential solar
Sources
8-K, filed Apr 17, 2026
Zeo Overview Zeo operates two main business units: residential solar and commercial scale long duration energy storage (“LDES”). Zeo’s…View ↗
From blank check to operating businesses
The older report described a blank-check company seeking an energy and infrastructure acquisition. The latest describes a residential solar installation business and a commercial-scale energy technology subsidiary.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Apr 1, 2026We are a vertically integrated company offering energy solutions and services that include sale, design, procurement, installation, and…View ↗
On May 28, 2025, we entered into a plan of merger and reorganization agreement with Heliogen, a renewable-energy technology company that…View ↗
HeliogenView ↗
supporting owner-operators to deploy Heliogen’s technology (Heliogen will partner with engineering, procurement and construction companies…View ↗
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