Zeo Energy annual operating expenses
2021
2022
2023
2024
2025
Zeo Energy Operating Expenses Growth & History (ZEO)
Zeo Energy's operating expenses was $89.9M for fiscal 2025.
View full Zeo Energy company overviewZeo Energy annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $89.9M | $5.8M | +6.91% |
| 2024 | 2024-12-31 | $84.1M | −$20.5M | −19.59% |
| 2023 | 2023-12-31 | $104.6M | $104.6M | — |
| 2022 | 2022-12-31 | $0 | −$751,840 | — |
| 2021 | 2021-12-31 | $751,840 | — | — |
Zeo Energy quarterly operating expenses
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $19.2M | −$1.8M | −8.58% |
| Q1 2026 | 2026-03-31 | $18.0M | −$4.3M | −19.49% |
| Q4 2025 | 2025-12-31 | $20.8M | $971,331 | +4.91% |
| Q3 2025 | 2025-09-30 | $25.9M | $3.2M | +14.29% |
| Q2 2025 | 2025-06-30 | $21.0M | $3.5M | +20.03% |
| Q1 2025 | 2025-03-31 | $22.3M | −$1.9M | −7.84% |
| Q4 2024 | 2024-12-31 | $19.8M | −$4.5M | −18.60% |
| Q3 2024 | 2024-09-30 | $22.6M | −$11.3M | −33.20% |
| Q2 2024 | 2024-06-30 | $17.5M | −$11.8M | −40.31% |
| Q1 2024 | 2024-03-31 | $24.2M | $7.1M | +41.44% |
| Q4 2023 | 2023-12-31 | $24.3M | — | — |
| Q3 2023 | 2023-09-30 | $33.9M | $33.9M | — |
| Q2 2023 | 2023-06-30 | $29.3M | $28.9M | +7768.59% |
| Q1 2023 | 2023-03-31 | $17.1M | $16.3M | +1928.89% |
| Q3 2022 | 2022-09-30 | $0 | −$1,690 | — |
| Q2 2022 | 2022-06-30 | $371,743 | $358,040 | +2612.86% |
| Q1 2022 | 2022-03-31 | $842,990 | — | — |
| Q3 2021 | 2021-09-30 | $1,690 | — | — |
| Q2 2021 | 2021-06-30 | $13,703 | — | — |
Zeo Energy operating expenses trends
Between the periods ended 2021-12-31 and 2025-12-31, Zeo Energy's operating expenses increased from $751,840 to $89.9M, a change of $89.1M. The latest reported quarter, Q2 2026, shows $19.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Zeo Energy source filings ↗