Zeo Energy (ZEO) Cost of Revenue (2022 - 2026)
Zeo Energy posted quarterly Cost of Revenue of $3.0 million for Q1 2026, down 37.12% year-on-year from $4.8 million in Q1 2025, and down 66.31% on a QoQ basis from $8.9 million in Q4 2025.
Zeo Energy (ZEO) has 5 years of Cost of Revenue data on file, last reported at $3.0 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 37.12% year-over-year to $3.0 million; the trailing twelve-month figure through Mar 2026 stood at $27.2 million (up 8.47% YoY), and the FY2025 full-year result was $31.1 million, up 58.61% from the prior year.
- Cost of Revenue for Q1 2026 stood at $3.0 million, down from $8.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $18.1 million in Q2 2023 and bottomed at $20385.0 in Q3 2022.
- The 5-year median for Cost of Revenue is $6.6 million (2024), against an average of $6.3 million.
- The widest annual swing landed in 2023, when Cost of Revenue jumped 42066.52%; it then slumped 67.57% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $86544.0 in 2022, then soared by 12044.2% to $10.5 million in 2023, then plunged by 67.57% to $3.4 million in 2024, then soared by 162.23% to $8.9 million in 2025, then tumbled by 66.31% to $3.0 million in 2026.
- The last three Cost of Revenue figures came in at $3.0 million (Q1 2026), $8.9 million (Q4 2025), and $9.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 558.11 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 583.14 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.09 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 48.09 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 242.22 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 178.53 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 99.55 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 160.41 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 1.63 Bn |
| 10 | Zeo Energy | 30.53 Mn | 45.82 Mn | 10.17 Mn | 3.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.01 Mn |
| Mar 31, 2026 | 3.01 Mn |
| Dec 31, 2025 | 570,573.00 |
| Dec 31, 2025 | 570,573.00 |
| Sep 30, 2025 | 9.59 Mn |
| Sep 30, 2025 | 9.59 Mn |
| Jun 30, 2025 | 5.63 Mn |
| Jun 30, 2025 | 5.63 Mn |
| Mar 31, 2025 | 2.14 Mn |
| Mar 31, 2025 | 2.14 Mn |
| Dec 31, 2024 | 3.41 Mn |
| Dec 31, 2024 | 3.41 Mn |
| Sep 30, 2024 | 9.79 Mn |
| Sep 30, 2024 | 9.79 Mn |
| Jun 30, 2024 | 7.06 Mn |
| Jun 30, 2024 | 7.06 Mn |
| Mar 31, 2024 | 6.55 Mn |
| Mar 31, 2024 | 6.55 Mn |
| Dec 31, 2023 | 39.62 Mn |
| Dec 31, 2023 | 39.62 Mn |
| Sep 30, 2023 | 8.60 Mn |
| Sep 30, 2023 | 8.60 Mn |
| Jun 30, 2023 | 18.08 Mn |
| Jun 30, 2023 | 18.08 Mn |
| Mar 31, 2023 | 10.69 Mn |
| Mar 31, 2023 | 10.69 Mn |
| Dec 31, 2022 | 86,544.00 |
| Dec 31, 2022 | 86,544.00 |
| Sep 30, 2022 | 20,385.00 |
| Sep 30, 2022 | 20,385.00 |
| Jun 30, 2022 | 79,833.00 |
| Jun 30, 2022 | 79,833.00 |
| Mar 31, 2022 | 81,121.00 |
| Mar 31, 2022 | 81,121.00 |