Zeo Energy Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	6.14	5.63	8.02	2.27	0.45
Cash & Short-Term Investments	6.14	5.63	8.02	2.27	0.45
Cash Growth	8.94%	-29.77%	253.67%	403.12%	-
Receivables	11.37	10.28	7.82	0.56	0.39
Inventory	0.85	0.87	0.35	0.29	-
Prepaid Expenses	4.19	2.11	0.04	0.22	0.11
Total Current Assets	22.55	18.89	16.23	3.34	0.95
Property, Plant & Equipment	4.04	4.19	4.01	2.72	0.94
Goodwill	27.09	27.01	27.01	27.01	27.01
Other Intangible Assets	-	7.57	0.77	2.07	3.46
Long-Term Deferred Tax Assets	-	0.24	-	-	-
Other Long-Term Assets	0.25	0.08	0.06	0.06	0.01
Total Assets	56.93	60.98	48.09	35.2	32.37
Accounts Payable	3.77	2.78	4.7	0.3	0.68
Accrued Expenses	2.17	1.95	4.65	0.3	0.08
Short-Term Debt	-	2.44	-	-	0.07
Current Portion of Long-Term Debt	0.02	0.29	0.29	0.23	0.13
Current Portion of Leases	0.83	0.71	0.66	0.47	-
Current Unearned Revenue	1.3	0.2	5.22	1.15	-
Other Current Liabilities	0.3	6.59	-	0.07	0.06
Total Current Liabilities	8.39	14.97	15.52	2.52	1.02
Long-Term Debt	0.06	0.5	0.83	0.82	0.54
Long-Term Leases	0.51	1.15	1.12	0.58	-
Other Long-Term Liabilities	0.49	1.45	-	-0	-
Total Liabilities	9.45	18.06	17.46	3.93	1.56
Common Stock	0.01	0	0	31.16	31.16
Additional Paid-In Capital	63.39	14.52	31.15	-	-
Retained Earnings	-58.06	-103.44	-0.53	0.12	-
Comprehensive Income & Other	-0	-	-	-	-0.34
Total Common Equity	5.33	-88.91	30.62	31.28	30.82
Minority Interest	42.15	131.82	-	-	-
Shareholders' Equity	47.48	42.91	30.62	31.28	30.82
Total Liabilities & Equity	56.93	60.98	48.09	35.2	32.37
Total Debt	1.42	5.09	2.89	2.11	0.74
Net Cash (Debt)	4.72	0.54	5.13	0.16	-0.29
Net Cash Growth	766.83%	-89.39%	3046.81%	-	-
Net Cash Per Share	0.19	0.10	5.13	0.16	-0.47
Filing Date Shares Outstanding	33.59	22.82	5.03	1	0.63
Total Common Shares Outstanding	33.18	13.25	1	1	0.63
Working Capital	14.16	3.92	0.71	0.82	-0.06
Book Value Per Share	0.16	-6.71	30.62	31.28	49.22
Tangible Book Value	-21.76	-123.49	2.84	2.2	0.35
Tangible Book Value Per Share	-0.66	-9.32	2.84	2.20	0.55
Machinery	2.86	2.86	2.35	2.12	1.04
Leasehold Improvements	0.01	0.01	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.