| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -4,691,311 | -1,761,334 | -1,869,472 | -15,998,827 |
| Depreciation and amortization | 1,081,528 | 250,874 | 249,447 | 8,076,181 |
| Other assets related parties | NaN | NaN | NaN | 75,786 |
| Amortization of debt discount | NaN | 15,000 | 45,000 | NaN |
| Contract assets related parties | NaN | NaN | 876,595 | 2,705,295 |
| Gain on change in fair value of warrant liabilities | 75,900 | -266,340 | -124,200 | -567,180 |
| Stock-based compensation | 663,053 | 392,420 | 2,733,674 | 3,271,831 |
| Class a common stock issued to employees for services | 31,315 | 37,189 | 0 | 63,509 |
| Provision for credit losses | 200,683 | 802,245 | -713,538 | 3,270,881 |
| Deferred taxes | NaN | 238,491 | NaN | NaN |
| Non-cash operating lease expense | 165,284 | 169,897 | 153,203 | 318,763 |
| Contract liabilities related parties | NaN | 0 | 0 | -2,000 |
| Accounts receivable | 2,402,703 | -957,190 | 4,486,293 | -1,310,867 |
| Accounts receivable related parties | 153,950 | 146,760 | 406,897 | -133,512 |
| Inventories | 2,554 | -82,692 | 17,136 | 45,265 |
| Contract assets | -261,215 | -361,456 | 1,861,851 | 9,177 |
| Prepaids and other current assets | -204,075 | 2,050,604 | -478,868 | -495,250 |
| Other assets | -25,045 | 0 | -1,003,017 | 1,005,197 |
| Interest receivable related parties | 39,584 | 39,092 | 114,393 | NaN |
| Accounts payable | 1,254,681 | 322,830 | 161,569 | 2,269,487 |
| Accrued expenses and other current liabilities | -467,073 | -423,139 | -534,452 | -1,038,671 |
| Accrued expenses and other current liabilities related parties | 3,800,485 | 49,269 | -1,358,427 | -2,000,674 |
| Contract liabilities | -677,802 | 50,928 | 1,045,922 | 2,936 |
| Gain on disposal of fixed assets | NaN | 0 | NaN | NaN |
| Operating lease payments | -181,129 | -183,602 | -166,219 | -315,079 |
| Net cash used in operating activities | -852,842 | 2,441,500 | -6,582,987 | -4,549,934 |
| Purchases of property and equipment | 205,342 | 175,739 | 240,636 | 807,025 |
| Cash acquired in the acquisition of heliogen | NaN | 0 | 14,596,267 | NaN |
| Investment in note receivable related party | 3,150,000 | 0 | NaN | NaN |
| Cash paid in the asset acquisition of lumio | NaN | 0 | NaN | NaN |
| Net proceeds from the issuance of convertible preferred stock | NaN | 0 | NaN | 0 |
| Net cash used in investing activities | -3,355,342 | -175,739 | 14,355,631 | -807,025 |
| Net proceeds from class a common stock issued in connection with a committed equity facility | 13,455 | 0 | NaN | NaN |
| Net proceeds from the issuance of convertible promissory note | NaN | 0 | NaN | NaN |
| Distributions to members | NaN | 0 | NaN | 0 |
| Repayments of finance lease liabilities | 34,176 | 31,658 | 33,002 | 63,651 |
| Repayments of debt | 5,641 | 5,488 | 3,106,122 | 144,814 |
| Dividends paid to opco class a preferred unit holders | 160,153 | 0 | 621,063 | NaN |
| Tax withholdings paid related to stock-based compensation | 11,609 | 6,576 | 160,353 | NaN |
| Net cash used in financing activities | -198,124 | -43,722 | -3,920,540 | -208,465 |
| Effect of foreign exchange on cash | -471 | 0 | -4,895 | NaN |
| Net change in cash and cash equivalents | -4,406,779 | 2,222,039 | -1,718,215 | NaN |
| Cash and cash equivalents, beginning of period | 6,137,939 | 3,915,900 | 5,634,115 | NaN |
| Net change in cash and cash equivalents | NaN | NaN | NaN | -5,565,424 |
| Cash and cash equivalents, end of the period | 1,731,160 | 6,137,939 | 3,915,900 | NaN |
Zeo Energy Corp. (ZEOWW)
Zeo Energy Corp. (ZEOWW)