ZEO Stock Drops 4.4% as Q4 Loss Increases Year-Over-Year Despite Consistent Revenue

Avatar photo

Zeo Energy (ZEO) reported a net loss of $1.8 million for the fourth quarter of 2025, widening from a loss of $1.1 million a year earlier. Revenue remained flat at $18.6 million compared to the previous year. Over the past month, the stock has dropped 42.6%, significantly underperforming the S&P 500’s 3.3% decline.

For the full year of 2025, Zeo Energy’s revenues decreased by 5% to $69.3 million, and its net loss nearly doubled to $19.6 million from $9.9 million in 2024. Key challenges included cost pressures from increased labor and materials, a challenging solar market, and higher expenses associated with acquisitions, notably the Heliogen purchase. The company projects a recovery in adjusted EBITDA margins in 2026, contingent on improved market conditions.

Zeo Energy’s total assets declined to $56.9 million at the end of 2025 from $61 million in 2024, and the company signed a stock purchase agreement with White Lion in January 2026 for potential equity financing of up to $30 million.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.

The free Daily Market Overview 250k traders and investors are reading

Read Now