---
title: "Zeo Energy | 10-Q: FY2026 Q1 Revenue: USD 13.18 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286632182.md"
datetime: "2026-05-16T04:00:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286632182.md)
  - [en](https://longbridge.com/en/news/286632182.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286632182.md)
---

# Zeo Energy | 10-Q: FY2026 Q1 Revenue: USD 13.18 M

Revenue: As of FY2026 Q1, the actual value is USD 13.18 M.

EPS: As of FY2026 Q1, the actual value is USD -0.11.

EBIT: As of FY2026 Q1, the actual value is USD -4.823 M.

### Segment Revenue

**Three Months Ended March 31, 2026** Sunergy: Net revenues were $13,184,944. Heliogen: Net revenues were $0.

**Three Months Ended March 31, 2025** Sunergy: Net revenues were $8,783,695. Heliogen: Net revenues were $0.

### Operational Metrics by Segment

**Three Months Ended March 31, 2026** **Sunergy:** Cost of revenues: $7,580,046. Depreciation and amortization: $1,081,528. Sales and marketing: $3,009,169. General and administrative: $5,336,035. Total operating expenses: $17,006,778. Loss from operations: - $3,821,834. Net loss before income taxes: - $3,849,007. Net loss: - $3,756,878. **Heliogen:** Cost of revenues: $0. Depreciation and amortization: $0. Sales and marketing: $2,601. General and administrative: $940,689. Total operating expenses: $943,290. Loss from operations: - $943,290. Net loss before income taxes: - $934,433. Net loss: - $934,433.

**Three Months Ended March 31, 2025** **Sunergy:** Cost of revenues: $4,789,679. Depreciation and amortization: $4,900,729. Sales and marketing: $3,112,799. General and administrative: $9,491,886. Total operating expenses: $22,295,093. Loss from operations: - $13,511,398. Net loss before income taxes: - $12,795,863. Net loss: - $13,319,363. **Heliogen:** No activity was reported as the acquisition occurred in August 2025.

### Overall Operational Metrics (YoY Comparison)

**Three Months Ended March 31, 2026 vs. 2025** Net revenues increased by $4,401,249 (50.1%) to $13,184,944 from $8,783,695. Cost of revenues increased by $2,790,367 (58.3%) to $7,580,046 from $4,789,679, with cost of revenues as a percentage of net revenues increasing to 57.5% from 54.5%. Depreciation and amortization decreased by $3,819,201 (-77.9%) to $1,081,528 from $4,900,729. Sales and marketing expenses decreased by $101,029 (-3.2%) to $3,011,770 from $3,112,799. General and administrative expenses decreased by $3,215,162 (-33.9%) to $6,276,724 from $9,491,886. Loss from operations decreased by $8,746,274 (64.7%) to - $4,765,124 from - $13,511,398. Net loss decreased by $8,628,052 to - $4,691,311 from - $13,319,363.

### Cash Flow

**Three Months Ended March 31, 2026 vs. 2025** Net cash used in operating activities was - $852,842 in 2026, an improvement of $1,410,596 compared to - $2,263,438 in 2025. Net cash used in investing activities was - $3,355,342 in 2026, compared to - $372,578 in 2025. Net cash used in financing activities was - $198,124 in 2026, compared to - $103,996 in 2025.

### Unique Metrics

-   Contribution Profit: $2,242,129 for Q1 2026, compared to - $2,770,825 for Q1 2025.
-   Contribution Margin: 17.0% for Q1 2026, compared to -31.5% for Q1 2025.
-   Adjusted EBITDA: - $2,850,505 for Q1 2026, compared to - $5,507,671 for Q1 2025.
-   Adjusted EBITDA Margin: -21.6% for Q1 2026, compared to -62.7% for Q1 2025.

### Future Outlook and Strategy

Zeo Energy Corp. plans to increase revenue and achieve profitable operations in 2026 by expanding its sales agent force and improving efficiency through centralized field offices and new CRM software. The company is addressing short-term cash needs via a common stock purchase agreement, allowing it to sell up to $30.0 million in Class A common stock, subject to market liquidity and contractual limits. Additionally, Zeo Energy Corp. intends to expand product offerings into new residential markets, grow its roofing business, and integrate Heliogen’s technology to broaden market reach and create operational synergies.

### Related Stocks

- [ZEO.US](https://longbridge.com/en/quote/ZEO.US.md)

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