Zeo Energy (ZEO) Research & Development (2023 - 2026)

Zeo Energy's Research & Development history runs 4 years deep, the most recent figure standing at $3.0 million for 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 was $3.0 million for Q1 2026 at Zeo Energy, down from $5.3 million in the prior quarter.
• Across five years, Research & Development topped out at $10.5 million in Q4 2023 and bottomed at $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 tumbled 67.57% — and 2025, when it surged 84.3%.
• Zeo Energy's Research & Development stood at $10.5 million in 2023, then tumbled by 67.57% to $3.4 million in 2024, then soared by 56.77% to $5.3 million in 2025, then slumped by 43.64% to $3.0 million in 2026.
• Business Quant data shows ZEO's Research & Development at $3.0 million in Q1 2026, $5.3 million in Q4 2025, and $9.6 million in Q3 2025.