Filing Flows › Zeo Energy (ZEO) › Q2 2026
Zeo Energy (ZEO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Zeo Energy (ZEO) reported revenue of $16.2M for the second quarter 2026 (Q2 2026), -11% from a year earlier and +23% from the quarter before. Operating margin was -18.5%, net loss $2.7M (17.0% of revenue).
Zeo Energy, Q2 2026: revenue $16.2M (-11% year over year), operating margin -18.5%, net loss $2.7M, operating cash flow −$461K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.2M | +23% | -11% |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | −$461K | — | — |
What changed
Revenue was $16.2M in Q2 2026, down 11% year over year and up 23% from the previous quarter. Solar System Installations Net was the largest line at 99% of revenue. Solar System Installations Net lost $1.7M year over year (down 9%), 86% of the total change.
Operating costs exceeded revenue by $3.0M, an operating margin of -18.5%. Total costs fell 9% while revenue fell 11%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $2.7M, narrower than the previous quarter's $4.7M loss. Minority interests bore $415K of it: to shareholders the quarter was a loss of $2.3M.
Operating cash flow was −$461K. Non-cash charges added back $34K of depreciation and amortization and $634K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $201K exceeded it, leaving free cash flow of −$662K.
Questions
What was Zeo Energy's revenue in the second quarter 2026?
Zeo Energy (ZEO) reported revenue of $16.2M for the second quarter 2026 (Q2 2026), -11% from a year earlier and +23% from the quarter before.
Was Zeo Energy profitable in the second quarter 2026?
Operating loss was $3.0M (-18.5% of revenue) and net loss $2.7M.
Source: Zeo Energy 10-Q on SEC EDGAR.