Zeo Energy Q1 2025 revenue $8.8M (down 56.4% YoY); net loss $13.3M; agrees to acquire Heliogen

Zeo Energy Corp.

Total revenue $8.8M vs $20.1M in Q1 2024, a 56.4% decline; gross margin improved to 43.0% from 29.9%.
Net loss widened to $13.3M from $4.1M; Adjusted EBITDA was $(6.4)M vs $(0.5)M in prior year.
Definitive agreement to acquire Heliogen to expand into commercial clean energy solutions.
CEO cites high interest rates and seasonality as headwinds; expects improvement in H2 2025.

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