Growth Metrics

Zeo Energy (ZEO) Shares Outstanding (Diluted Average) (2021 - 2026)

Zeo Energy posted quarterly Shares Outstanding (Diluted Average) of $33.4 million for Q1 2026, up 151.85% year-on-year from $13.3 million in Q1 2025, and up 33.85% on a QoQ basis from $24.9 million in Q4 2025.

Zeo Energy (ZEO) has 6 years of Shares Outstanding (Diluted Average) data on file, last reported at $33.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) rose 151.85% year-over-year to $33.4 million; the trailing twelve-month figure through Mar 2026 stood at $33.4 million (up 151.85% YoY), and the FY2025 full-year result was $24.9 million, up 349.56% from the prior year.
  • Shares Outstanding (Diluted Average) for Q1 2026 stood at $33.4 million, up from $24.9 million in the prior quarter.
  • Across five years, Shares Outstanding (Diluted Average) topped out at $33.4 million in Q1 2026 and bottomed at $994345.0 in Q1 2024.
  • The 5-year median for Shares Outstanding (Diluted Average) is $6.9 million (2022), against an average of $12.0 million.
  • The widest annual swing landed in 2024, when Shares Outstanding (Diluted Average) sank 87.74%; it then soared 1232.83% in 2025.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $6.9 million in 2022, then tumbled by 85.51% to $1.0 million in 2023, then soared by 454.69% to $5.5 million in 2024, then jumped by 349.56% to $24.9 million in 2025, then jumped by 33.85% to $33.4 million in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $33.4 million (Q1 2026), $24.9 million (Q4 2025), and $27.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 107.62 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 152.71 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 2,500.00
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 131.34 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 60.52 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 272.35 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 167.56 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 152.96 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 209.48 Mn
10 Zeo Energy 30.53 Mn 45.82 Mn 10.17 Mn 33.38 Mn

Historic Data

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DateValue
Mar 31, 2026 33.38 Mn
Dec 31, 2025 24.94 Mn
Sep 30, 2025 22.49 Mn
Jun 30, 2025 22.10 Mn
Mar 31, 2025 13.25 Mn
Dec 31, 2024 5.55 Mn
Sep 30, 2024 3.70 Mn
Jun 30, 2024 5.03 Mn
Mar 31, 2024 994,345.00
Dec 31, 2023 1.00 Mn
Sep 30, 2023 4.62 Mn
Jun 30, 2023 6.90 Mn
Mar 31, 2023 6.90 Mn
Dec 31, 2022 6.90 Mn
Sep 30, 2022 27.60 Mn
Jun 30, 2022 6.90 Mn
Mar 31, 2022 6.90 Mn
Dec 31, 2021 7.55 Mn