Zefiro Reports 27% Revenue Growth, 65.7% Debt Cut and $30M Contracts
Zefiro posted $22.2 million revenue in its first two fiscal quarters under new leadership, up 27% year-over-year, and achieved $8.1 million gross profit, a 108% increase. The firm cut parent debt by 65.7% to $1.2 million and secured over $30 million in government contracts across eight states.
1. Leadership and Strategic Execution
Since June 2025, CEO Catherine Flax and CFO Michael Downs have led Zefiro and its subsidiary Plants & Goodwin with a proactive, growth-oriented strategy targeting environmental services and voluntary carbon markets to create long-term shareholder value.
2. Record Financial Performance
In the first two full fiscal quarters under the new team, Zefiro delivered $22.2 million in revenue (up 27%), $8.1 million in gross profit (up 108%) and generated $3.8 million in adjusted EBITDA, reversing a prior six-month operating loss.
3. Debt Reduction Strategy
In January 2026, Zefiro eliminated over $2.0 million in high-interest debt at the parent level, reducing total parent debt by 65.7% from $3.5 million to $1.2 million and replacing remaining obligations with a $0.3 million promissory note due 2027.
4. Commercial Milestones and Expansion
Zefiro completed its seventh carbon credit sale, offsetting 92,956 metric tonnes of CO2e, and its subsidiary won approximately $25 million in Ohio Phase 1 IIJA grants plus a $5 million Louisiana project, while a $1.3 million methane monitoring contract expanded its footprint to eight states.