Filing Flows › Zeo Energy (ZEO) › Q1 2026 › vs Q4 2025
Zeo Energy (ZEO) Q1 2026 vs Q4 2025 (quarter over quarter)
Zeo Energy's revenue fell $5.4M (-29%) from $18.6M in Q4 2025 to $13.2M in Q1 2026. The biggest changes: Solar System Installations Net −$5.4M (-29%); Roofing Installations +$27K (+23%).
Zeo Energy, Q1 2026: revenue $13.2M (+50% year over year), operating margin -36.1%, net loss $4.7M, operating cash flow −$853K. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Solar System Installations Net | $13.0M | $18.5M | −$5.4M | -29% |
| Roofing Installations | $140K | $113K | $27K | +23% |
| Revenue | $13.2M | $18.6M | −$5.4M | -29% |
| Income tax benefit | $92K | $122K | −$29K | -24% |
| Net loss | $4.7M | $1.8M | $2.9M | +166% |
| Costs & expenses | $18.0M | $20.8M | −$2.8M | -13% |
| Operating costs | $18.0M | $20.8M | −$2.8M | -14% |
| Cost of revenue | $7.6M | $8.9M | −$1.4M | -15% |
| Sales & marketing | $3.0M | $5.3M | −$2.3M | -44% |
| General & admin | $6.3M | $6.2M | $56K | +0.9% |
| Other operating costs | $1.1M | $251K | $831K | +331% |
| Operating cash sources | $4.7M | $1.8M | $2.9M | +166% |
| Depreciation & amortization | $34K | $251K | −$217K | -86% |
| Share-based compensation | $663K | $392K | $271K | +69% |
| Working capital & other | $3.1M | $3.6M | −$418K | -12% |
| Cash used in operations | $853K | −$2.4M | $3.3M | — |
| Net loss absorbed | $4.7M | $1.8M | $2.9M | +166% |
Questions
How much did Zeo Energy's revenue grow quarter over quarter in Q1 2026?
Zeo Energy's revenue fell $5.4M (-29%) from $18.6M in Q4 2025 to $13.2M in Q1 2026.
What drove Zeo Energy's revenue change in Q1 2026?
Solar System Installations Net −$5.4M (-29%); Roofing Installations +$27K (+23%).