Every 10-Q that Ameresco, Inc. (AMRC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AMRC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMRC filings page.
Ameresco, Inc. reported higher revenue but mixed profitability for the three and six months ended June 30, 2026. For the quarter, revenue was $515,464 with operating income of $44,150 and net income of $19,907, including $9,718 attributable to common shareholders, or $0.18 per diluted share.
For the first half of 2026, revenue totaled $916,924 but common shareholders incurred a net loss of $8,565, or $(0.16) per share, and comprehensive loss attributable to common shareholders was $12,692. Operating cash flow was negative at $(71,813), alongside significant capital investments in energy assets of $213,209, funded in part by $235,078 of long-term energy-asset debt and $228,429 of contributions from non-controlling interests.
Total assets rose to $4,832,181, with energy assets, net of depreciation, at $2,236,328 and total stockholders’ equity at $1,351,094. Contracted backlog was $3,820,481, with about 32% expected to convert to revenue within twelve months. Ameresco also formed the Neogenyx Fuels LLC joint venture with an affiliate of HA Sustainable Infrastructure Capital, receiving $233,800 in cash and retaining a 70% interest, while the partner committed $400,000 in total funding. Disclosures note potential exposure of up to $89,000 in liquidated damages under a Southern California Edison battery storage contract and a possible cash loss between $0 and $26,683 related to deposits with Powin LLC, which is in Chapter 11 proceedings.
Ameresco, Inc. reported higher first-quarter 2026 revenue but a significantly larger loss. Revenue rose to $401.5 million from $352.8 million, driven by growth across North America Regions, U.S. Federal, Europe and Renewable Fuels. Gross profit increased to $56.5 million, yet operating income declined to $10.2 million as selling, general and administrative expenses grew to $46.3 million and other expenses increased.
Higher interest expense of $25.2 million and a swing in other expenses led to a net loss attributable to common shareholders of $18.3 million, or $(0.35) per share, compared with a $5.5 million loss, or $(0.10) per share, a year earlier. Despite the loss, cash flows from operating activities improved to an inflow of $35.4 million from an outflow of $28.3 million, helped by working capital movements.
Total assets increased to $4.64 billion, while total debt and financing lease liabilities rose to $2.04 billion. Ameresco highlighted a project backlog of $5.27 billion and O&M backlog of $1.54 billion, supporting future revenue visibility. Subsequent to quarter-end, the company agreed to form the Neogenyx Fuels biogas joint venture, under which an investor will contribute $400 million, including $100 million to Ameresco and funds to reduce project-level debt and support growth.
Ameresco (AMRC) reported Q3 2025 results with revenues of $525,987 (in thousands), up from $500,873 (in thousands) a year ago. Operating income rose to $42,350 (in thousands) and net income attributable to common shareholders was $18,532 (in thousands), or diluted EPS of $0.35. Gross profit reached $84,329 (in thousands).
Year-to-date, cash flows from operating activities were $(37,465) (in thousands), reflecting working capital movements, while investing used $(258,282) (in thousands) mainly for energy assets, and financing provided $310,972 (in thousands). Cash, cash equivalents, and restricted cash ended at $215,596 (in thousands). Total debt and financing lease liabilities were $1,931,010 (in thousands), with $1,716,689 (in thousands) long term.
Backlog was $3,949,124 (in thousands), with ~34% expected as revenue over the next twelve months. Europe contributed strong project revenue growth, while energy asset revenue totaled $62,537 (in thousands) for the quarter. The company noted $26,683 (in thousands) of deposits with a supplier that filed Chapter 11. It is also discussing liquidated damages under an SCE agreement, with a disclosed maximum of $89 million, and obtained waivers for certain facility defaults.
Ameresco (AMRC) Q2-25 10-Q highlights:
- Revenue rose 7.8% YoY to $472.3 m; YTD sales up 12.0% to $825.1 m, driven by North America project work and European growth.
- Profitability improved: gross margin expanded 30 bp to 15.5%; operating income up 32.6% to $27.8 m; net income attributable to common shareholders more than doubled to $12.9 m (EPS $0.24 vs $0.09). YTD EPS is $0.14 vs $0.04.
- Balance sheet: total assets $4.30 bn (+3.3% vs 12/24); energy assets climbed 6.6% to $2.04 bn. Total debt and finance leases increased 11.7% to $1.87 bn after a $100 m term loan and BESS note issuances; net leverage rose while equity edged to $1.07 bn.
- Cash flow pressure: operating cash outflow of $55.2 m vs inflow of $74.1 m prior-year, largely from working-capital swings and EPSC receivables; capex on energy assets $208.1 m.
- Liquidity actions: Sixth amended credit agreement provides $225 m revolver (undrawn capacity ~$9.8 m) and $100 m term loan maturing 2028; issued $78 m 6.72% senior secured notes tied to BESS ITCs.
- Key risks disclosed: $26.7 m deposit exposure to bankrupt supplier Powin LLC (default waiver obtained); potential up to $89 m liquidated damages under SCE battery contracts still disputed; supply-chain and inflation uncertainties persist.
Overall, AMRC posted solid top-line and margin gains but higher debt and negative operating cash flow warrant monitoring amid project execution and supplier challenges.