Zeo Energy Corp. (ZEO) Revenue History
Annual and quarterly revenue from 2021 to present
ZEO Revenue Over Time (2021–2025)
ZEO Revenue Growth History
2 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +261.8%
- FY2023 revenue growth
- +23.3%
- FY2024 revenue growth
- -33.2%
- FY2025 revenue growth
- -5.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $13.2M | +50.1% |
| Q4 2025 | $18.6M | -0.4% |
| Q3 2025 | $23.9M | +21.6% |
| Q2 2025 | $18.1M | +23.0% |
| Q1 2025 | $8.8M | -56.4% |
| Q4 2024 | $18.6M | -18.9% |
| Q3 2024 | $19.7M | -48.1% |
| Q2 2024 | $14.7M | -51.1% |
Multi-year avg. share of annual revenue by fiscal quarter
ZEO Revenue Analysis (2021–2025)
Current Revenue & Growth
As of June 22, 2026, Zeo Energy Corp. (ZEO) generated trailing twelve-month (TTM) revenue of $73.8 million, reflecting explosive growth of +50.1% year-over-year. The most recent quarter (Q1 2026) recorded $13.2 million in revenue, down 29.0% sequentially.
Historical Growth Trajectory
ZEO's historical revenue data shows a 3-year CAGR of -8.0%. Zeo Energy Corp.'s highest annual revenue of $109.7 million was recorded in 2023.
Peer Comparison
Compared to Energy sector peers — including RUN (+52.4% YoY), SPWR (+27.2% YoY), and SHLS (+37.8% YoY) — ZEO has outperformed the peer group in revenue growth. Compare ZEO vs RUN →
ZEO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZEOCurrent | $74M | +50.1% | - | -29.6% | |
 RUN | $3.0B | +52.4% | +26.2% | -4.3% | |
 SPWR | $309M | +27.2% | +59.2% | -2.0% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 SEDG | $1.2B | +39.2% | -4.1% | -24.1% |
ZEO Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $69.3M | -5.3% | $38.3M | 55.2% | $-20,532,132 | -29.6% |
| 2024 | $73.2M | -33.2% | $35.2M | 48.1% | $-10,829,772 | -14.8% |
| 2023 | $109.7M | +23.3% | $50.3M | 45.8% | $5.1M | 4.7% |
| 2022 | $89.0M | +261.8% | $17.8M | 20.0% | $8.6M | 9.7% |
| 2021 | $24.6M | - | $10.5M | 42.7% | $7.1M | 28.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ZEO — Frequently Asked Questions
Quick answers to the most common questions about buying ZEO stock.
Is ZEO's revenue growth accelerating or slowing?
ZEO revenue growth is accelerating. TTM revenue reached $74M, up +50.1% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is ZEO's revenue history from 2021 to 2026?
Zeo Energy Corp. (ZEO) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $74M, growing at +50.1% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZEO's long-term revenue growth rate (CAGR)?
Zeo Energy Corp.'s 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +50.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZEO.
Why does ZEO's quarterly revenue fluctuate?
ZEO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Zeo Energy Corp.'s revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is ZEO's revenue distributed by segment?
ZEO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZEO's revenue compare to industry peers?
Zeo Energy Corp. (ZEO) with TTM revenue of $74M and +50.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.