| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -17,868,299 | -15,998,827 |
| Depreciation and amortization | 8,325,628 | 8,076,181 |
| Amortization of debt discount | 45,000 | - |
| Gain on change in fair value of warrant liabilities | -691,380 | -567,180 |
| Stock-based compensation | 6,005,505 | 3,271,831 |
| Class a common stock issued to employees for services | 63,509 | 63,509 |
| Provision for credit losses | 2,557,343 | 3,270,881 |
| Non-cash operating lease expense | 471,966 | 318,763 |
| Accounts receivable | 3,175,426 | -1,310,867 |
| Accounts receivable related parties | 273,385 | -133,512 |
| Inventories | 62,401 | 45,265 |
| Other assets related parties | - | 75,786 |
| Contract assets | 1,871,028 | 9,177 |
| Contract assets related parties | 3,581,890 | 2,705,295 |
| Prepaids and other current assets | -974,118 | -495,250 |
| Other assets | 2,180 | 1,005,197 |
| Interest receivable related parties | 114,393 | - |
| Accounts payable | 2,431,056 | 2,269,487 |
| Accrued expenses and other current liabilities | -1,573,123 | -1,038,671 |
| Accrued expenses and other current liabilities related parties | -3,359,101 | -2,000,674 |
| Contract liabilities | 1,048,858 | 2,936 |
| Contract liabilities related parties | -2,000 | -2,000 |
| Operating lease payments | -481,298 | -315,079 |
| Net cash used in operating activities | -11,132,921 | -4,549,934 |
| Purchases of property and equipment | 1,047,661 | 807,025 |
| Cash acquired in the acquisition of heliogen | 14,596,267 | - |
| Net cash provided by (used in) investing activities | 13,548,606 | -807,025 |
| Repayments of debt | 3,250,936 | 144,814 |
| Proceeds from the issuance of convertible preferred stock, net of transaction costs | - | 0 |
| Distributions to members | - | 0 |
| Repayments of finance lease liabilities | 96,653 | 63,651 |
| Dividends paid to opco class a preferred unit holders | 621,063 | - |
| Tax withholdings paid related to stock-based compensation | 160,353 | - |
| Net cash (used in) provided by financing activities | -4,129,005 | -208,465 |
| Effect on foreign exchange on cash | -4,895 | - |
| Net change in cash and cash equivalents | -1,718,215 | - |
| Cash and cash equivalents at beginning of period | 5,634,115 | - |
| Net change in cash and cash equivalents | - | -5,565,424 |
| Cash and cash equivalents at end of period | 3,915,900 | - |
Zeo Energy Corp. (ZEO)
Zeo Energy Corp. (ZEO)