Zeo Energy reports FY 2024 revenue down 33% to $73.2M; net loss $9.9M vs income $4.8M in 2023

Zeo Energy Corp.

2025-Q1 EPS reported -$0.48 revenue$8,783,695

Full-year revenue $73.2M, down 33.2% YoY; net loss $9.9M vs net income $4.8M in 2023.
Adjusted EBITDA fell to $2.0M (2.7% of revenue) from $7.0M (6.4%) in 2023.
Q4 2024 revenue $18.6M (-18.9% YoY); net loss improved to $1.1M from $1.6M.
Q4 adjusted EBITDA swung to positive $3.1M (16.8% of rev) from -$0.9M in Q4 2023.
Completed Lumio asset acquisition in Nov 2024; secured $4.0M in Dec for sales expansion.

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