NYSE$AMRC

Ameresco Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Ameresco reported Q1 2026 revenues of $401.5M and a net loss attributable to common shareholders of $18.3M, with diluted loss per share of $0.35.

Revenues rose to $401.5 million from $352.8 million (+14% YoY) on energy-solutions project activity. Operating income was $10.2 million, but higher interest expense and other items drove a net loss of $14.4 million; net loss attributable to common shareholders was $18.3 million, or $0.35 per share, versus $5.5 million and $0.10 a year ago. ESPC contract cash flows remain lumpy relative to recognized revenue.

  • Revenues $401.5M (+14% YoY); gross profit $56.5M.
  • Operating income $10.2M vs. $13.7M prior year.
  • Net loss attributable to common shareholders $(18.3)M; EPS $(0.35).
  • Interest expense $25.2M weighed on bottom-line results.
  • ESPC and renewable project backlog discussed in MD&A.

Headline financials

Total Revenue

$401M

Previous: $353M+13.8%
EPS (adj)

-$0.35

Previous: -$0.10-250.0%
Capital Expenditures

-$542K

Previous: -$422K-28.4%
Net Income

-$18.3M

Previous: -$5.48M-233.4%
Operating Income

$10.2M

Previous: $13.7M-25.2%
Gross Profit

$56.5M

Previous: $51.9M+8.8%

Revenue & EPS history

Ameresco · Revenue · Quarterly

$401M

Q1 2026+13.8%vs Q1 2025
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Ameresco · $335M total across 4 segments · Q3 2023

  • Projects
    $243M-31.0%
  • Energy Assets
    $44.3M+6.2%
  • Other
    $25.4M-3.1%
  • O&M
    $22.8M+4.1%

Forward guidance

MD&A covers project pipeline, ESPC timing, and federal energy policy without numeric annual EPS guidance.

Tailwinds

  • Double-digit revenue growth on project wins.
  • Operating income remained positive.

Headwinds

  • Net loss widened on interest and non-controlling interests.
  • Project timing creates revenue and cash-flow volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+7.3%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+28.1%

Q3 2018

Best reaction

-35.6%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-4.5%+6.0%
Q4 2025-9.9%-17.0%-20.5%
Q3 2025-10.2%-11.8%-14.8%
Q1 2025+11.4%+14.9%+27.7%
Q4 2024-35.6%-45.8%-32.6%
Q3 2024-17.6%-17.7%-13.6%
Q2 2024+4.8%-2.5%+6.9%
Q1 2024+18.7%+21.7%+56.5%
Q4 2023+3.0%-11.0%+18.6%
Q3 2023-24.0%-25.2%+1.4%
Q2 2023-8.3%-12.9%-24.5%
Q1 2023+7.9%+3.4%+3.6%
Q4 2022-12.5%-9.0%-8.7%
Q3 2022-14.0%-12.5%+8.1%
Q2 2022+11.8%+15.2%+20.3%
Q1 2022+15.6%+11.5%+15.5%
Q4 2021+9.9%+8.2%+39.7%
Q3 2021+13.9%+18.7%+7.0%
Q2 2021-9.5%-5.7%+1.6%
Q1 2021-4.8%+3.2%+7.5%
Q4 2020-0.7%-24.7%-14.9%
Q3 2020+13.3%+12.0%+15.8%
Q2 2020+11.5%+9.6%+13.2%
Q1 2020+12.4%+14.9%+31.0%
Q4 2019-0.2%-4.7%-29.2%
Q3 2019+1.6%+2.5%+6.7%
Q2 2019+8.8%+7.5%+6.3%
Q1 2019-9.3%-8.5%-9.1%
Q4 2018-1.1%-10.0%-8.4%
Q3 2018+28.1%+22.6%+23.7%
Q2 2018+0.3%-1.4%-4.2%
Q1 2018-4.6%-3.4%+0.8%
Q4 2017+19.2%+28.7%+55.1%
Q3 2017+1.9%+0.6%+9.0%
Q2 2017+9.6%+12.0%+16.0%
Q1 2017+2.3%+7.0%+6.3%
Q4 2016+15.4%+14.4%+26.0%
Q3 2016+11.5%+3.1%+25.0%
Q2 2016+3.0%+4.7%+8.3%
Q1 2016+14.5%
Q4 2015-16.6%
Q3 2015+0.9%
Q2 2015+3.8%
Q1 2015-1.1%
Q4 2014+11.7%
Q3 2014-2.3%
Q2 2014+12.4%
Q1 2014-5.7%
Q4 2013-23.9%
Q3 2013-12.8%
Q2 2013-5.8%
Q1 2013+0.0%
Q4 2012-6.9%
Q3 2012-1.3%
Q2 2012-3.4%
Q1 2011-0.2%
Q1 2012-3.1%
Q4 2011+5.5%
Q2 2011+5.5%
Q4 2009+5.5%
Q3 2011+1.1%
Q3 2010+1.1%
Q1 2010+9.2%
Q2 2010+9.2%
Q4 2010+9.2%

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