Zeo Energy Corp. (ZEO)

Zeo Energy Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	-19.63	-9.87	4.85	14.33
Depreciation & Amortization	0.06	4.84	1.84	-
Stock-Based Compensation	6.5	7.95	-	-
Other Adjustments	3.28	2.36	2.08	-13.18
Change in Receivables	-0.42	0.2	-0.4	-
Changes in Inventories	0.02	-0.13	-0.06	-
Changes in Accounts Payable	2.75	-2.51	4.5	0.12
Changes in Accrued Expenses	-5.31	-0.2	3.95	-
Changes in Unearned Revenue	-0	-1.16	1.16	-
Changes in Other Operating Activities	-3.41	2.45	-5.38	2
Operating Cash Flow	-8.69	-8.72	11.98	3.28
Operating Cash Flow Growth	-	-	265.68%	-
Capital Expenditures	-1.22	-0.37	-1.03	-
Purchases of Investments	-	-	-	-3.98
Payments for Business Acquisitions	14.6	-4	-	-
Other Investing Activities	-	-3	-	-
Investing Cash Flow	13.37	-7.37	-1.03	-3.98
Long-Term Debt Issued	-	2.44	0.31	-
Long-Term Debt Repaid	-3.26	-0.33	-0.24	-
Net Long-Term Debt Issued (Repaid)	-3.26	2.11	0.07	-
Issuance of Common Stock	-	2.72	-	-
Repurchase of Common Stock	-0.17	-	-	-
Net Common Stock Issued (Repurchased)	-0.17	2.72	-	-
Issuance of Preferred Stock	-	9.22	-	-
Net Preferred Stock Issued (Repurchased)	-	9.22	-	-
Common Dividends Paid	-	-0.09	-5.17	-
Preferred Share Dividends Paid	-0.62	-0.14	-	-
Other Financing Activities	-0.13	-0.12	-0.08	-
Financing Cash Flow	-4.17	13.7	-5.19	-
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0	-	-	-
Net Cash Flow	0.5	-2.39	5.75	-0.71
Free Cash Flow	-9.91	-9.09	10.94	3.28
Free Cash Flow Growth	-	-	234.09%	-
FCF Margin	-14.30%	-12.40%	9.98%	-
Free Cash Flow Per Share	-0.40	-1.64	10.94	3.28
Levered Free Cash Flow	-24.37	2.35	9.89	16.46
Unlevered Free Cash Flow	-27.92	-6.93	10.11	-0.71

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q