Zeo Energy (ZEO) Research & Development (2023 - 2026)
Zeo Energy's (ZEO) quarterly Research & Development came in at $3.0 million in Q1 2026, down 3.25% YoY from $3.1 million in Q1 2025, and down 43.64% on a QoQ basis from $5.3 million in Q4 2025.
Zeo Energy (ZEO) Research & Development (2023 - 2026) Analysis & Trends
Zeo Energy (ZEO) has 4 years of Research & Development data on file, last reported at $3.0 million in Q1 2026.
- Quarterly Research & Development fell 3.25% year-over-year to $3.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $23.6 million (up 46.0% YoY) and the FY2025 annual result came in at $22.7 million, up 15.88% from the prior year.
- Research & Development fell to $3.0 million in Q1 2026, from $5.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $10.5 million in Q4 2023 to a low of $3.0 million in Q1 2026.
- A 4-year average of $5.9 million and a median of $5.3 million in 2025 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development plunged 67.57% — and 2025, when it surged 84.3%.
- Tracing ZEO's Research & Development over 4 years: stood at $10.5 million in 2023, then sank by 67.57% to $3.4 million in 2024, then jumped by 56.77% to $5.3 million in 2025, then plunged by 43.64% to $3.0 million in 2026.
- The last three Research & Development figures came in at $3.0 million (Q1 2026), $5.3 million (Q4 2025), and $9.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | - |
| 10 | Zeo Energy | 15.65 Mn | 12.72 Mn | 7.62 Mn | 4.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.01 Mn |
| Dec 31, 2025 | 5.34 Mn |
| Sep 30, 2025 | 9.59 Mn |
| Jun 30, 2025 | 5.63 Mn |
| Mar 31, 2025 | 3.11 Mn |
| Dec 31, 2024 | 3.41 Mn |
| Sep 30, 2024 | 5.20 Mn |
| Jun 30, 2024 | 4.42 Mn |
| Mar 31, 2024 | 6.55 Mn |
| Dec 31, 2023 | 10.51 Mn |
| Sep 30, 2023 | 8.60 Mn |
| Jun 30, 2023 | 6.91 Mn |
| Mar 31, 2023 | 4.31 Mn |