Zeo Energy (ZEOWW) Operating Expenses (2022 - 2026)
Zeo Energy (ZEOWW) reported Operating Expenses of $18.0 million for Q1 2026, down 19.49% on a YoY basis from $22.3 million in Q1 2025, and down 13.51% quarter-over-quarter from $20.8 million in Q4 2025.
Zeo Energy (ZEOWW) Operating Expenses (2022 - 2026) Analysis & Trends
Zeo Energy has reported Operating Expenses for 5 years, with the latest figure at $18.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 19.49% year-over-year to $18.0 million; the trailing twelve-month figure through Mar 2026 stood at $85.5 million (up 4.12% YoY), and the FY2025 full-year result was $89.9 million, up 6.94% from the prior year.
- Operating Expenses for Q1 2026 stood at $18.0 million, down from $20.8 million in the prior quarter.
- The five-year high for Operating Expenses was $33.9 million in Q3 2023, with the low at $371743.0 in Q2 2022.
- Historically, Operating Expenses has averaged $19.8 million across 5 years, with a median of $21.0 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 7757.85% — and 2024, when it sank 40.23%.
- Zeo Energy's Operating Expenses stood at $371743.0 in 2022, then surged by 6448.73% to $24.3 million in 2023, then fell by 18.84% to $19.8 million in 2024, then increased by 5.04% to $20.8 million in 2025, then decreased by 13.51% to $18.0 million in 2026.
- The last three Operating Expenses figures came in at $18.0 million (Q1 2026), $20.8 million (Q4 2025), and $25.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 130.04 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 123.32 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 765.74 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 33.29 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 55.90 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 13.20 Mn |
| 10 | Zeo Energy | - | - | 10.17 Mn | 17.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.95 Mn |
| Dec 31, 2025 | 20.75 Mn |
| Sep 30, 2025 | 25.88 Mn |
| Jun 30, 2025 | 20.96 Mn |
| Mar 31, 2025 | 22.30 Mn |
| Dec 31, 2024 | 19.76 Mn |
| Sep 30, 2024 | 22.64 Mn |
| Jun 30, 2024 | 17.46 Mn |
| Mar 31, 2024 | 24.19 Mn |
| Dec 31, 2023 | 24.34 Mn |
| Sep 30, 2023 | 33.89 Mn |
| Jun 30, 2023 | 29.21 Mn |
| Mar 31, 2023 | 17.10 Mn |
| Jun 30, 2022 | 371,743.00 |
| Mar 31, 2022 | 842,990.00 |