)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Zeo Energy (ZEO) investor relations material
Zeo Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Q3 2025 net revenues increased 21.6%–22% year-over-year to $23.9 million, driven by higher installations, new pricing agreements, and higher average selling prices.
Gross margin improved to 57.4% in Q3 2025 from 48.8% in Q3 2024, reflecting higher average selling prices.
Net loss for Q3 2025 was $1.9 million, narrowing from $2.9 million in Q3 2024, with a basic and diluted loss per share of $0.12.
The Heliogen acquisition, completed in Q3 2025, expands offerings into large-scale commercial and industrial energy generation and storage.
Financial highlights
Q3 2025 net revenues: $23.9 million (up from $19.7 million in Q3 2024); nine months ended September 30, 2025: $50.8 million (down from $54.6 million in 2024).
Gross profit for Q3 2025: $13.7 million (57.4% margin); nine months: $28.1 million (55.3% margin).
Net loss for Q3 2025: $1.9 million; nine months: $17.9 million, up from $8.7 million in 2024 due to softer residential solar demand and bad debt.
Adjusted EBITDA for Q3 2025: $2.0 million (8.2% margin); nine months: $(1.9) million.
Cash and cash equivalents as of September 30, 2025: $3.9 million, down from $5.6 million at year-end 2024.
Outlook and guidance
Q4 2025 net revenues expected to be consistent with Q3, reflecting stabilization and typical year-end seasonality.
Management expects continued expansion into new residential and commercial markets, leveraging the Heliogen acquisition for growth in energy storage and industrial projects.
Inflation and higher interest rates are expected to continue impacting material and labor costs, as well as consumer demand for financed solar systems.
The company believes existing cash and working capital are sufficient for the next twelve months, but additional capital may be needed for future acquisitions.
Expansion into new markets like Virginia and focus on attracting top sales talent to drive future growth in 2026.
Quantify Heliogen's current customer pipeline
What drives residential gross profit margin growth?
How will Zeo fund future growth given cash burn?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Zeo Energy earnings date
Q4 202520 Mar, 2026
Next Zeo Energy earnings date
Q4 202520 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Zeo Energy Corp. is a vertically integrated provider of residential solar energy systems, energy-efficient equipment, and related services. The company operates primarily in Florida, Texas, Arkansas, and Missouri. Zeo Energy offers a range of products including solar panels, inverters, battery-based energy storage systems, and insulation services, which contribute to energy efficiency in residential homes. Additionally, the company provides hybrid electric water heaters, swimming pool pumps, and roofing services. Zeo Energy focuses on serving homeowners seeking to reduce their energy costs and carbon footprint through renewable energy solutions. The company is headquartered in New Port Richey, Florida, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage