NYSE$AMRC

Ameresco Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Ameresco reported Q3 2025, revenue of $526M, net income of $21.8M, diluted EPS of $0.35.

For Q3 2025, Ameresco reported revenue of $526M, net income of $21.8M, diluted EPS was $0.35. Management discusses operations, liquidity, and outlook in the quarterly filing.

  • Revenue $526M.
  • Net income $21.8M.
  • Diluted EPS $0.35.

Headline financials

Total Revenue

$526M

Previous: $501M+5.0%
EPS (adj)

$0.35

Previous: $0.32+9.4%
Awarded Project Backlog

$2.67B

No prior period
Contracted Project Backlog

$2.47B

No prior period
Total Project Backlog

$5.14B

No prior period
12-month Contracted Backlog

$1.25B

No prior period
O&M Revenue Backlog

$1.48B

No prior period
Total Revenue Visibility

$10.2B

No prior period
Total Operating Energy Assets

765

No prior period
Net Assets in Development

626

No prior period
Assets Placed in Operation

16

No prior period
Total Corporate Debt

$300M

No prior period
Debt Leverage Ratio

3.2

No prior period
Total Energy Asset Debt

$1.55B

No prior period
Energy Asset Book Value

$2.12B

No prior period
Energy Debt Advance Rate

73.0%

No prior period
Adjusted Cash from Ops

$64.3M

No prior period
New Contracts

$467M

No prior period
New Awards

$447M

No prior period
12-month O&M Backlog

$103M

No prior period
Unrestricted Cash

$94.6M

No prior period
Capital Expenditures

-$217K

Previous: -$3.05M+92.9%
Net Income

$18.5M

Previous: $17.6M+5.3%
Operating Income

$42.4M

Previous: $35.2M+20.5%
Gross Profit

$84.3M

Previous: $77.1M+9.3%

Revenue & EPS history

Ameresco · Revenue · Quarterly

$526M

Q3 2025+5%vs Q3 2024
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

The filing discusses Ameresco's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.

Tailwinds

  • Ameresco cites operational priorities and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q3 2025

Historical avgQ3 2025

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro