| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 401.46 | 13.8% |
| Total Income | 401.46 | 13.8% |
| Expenditure | 391.21 | 15.3% |
| PBT | -17.57 | 297.5% |
| Net Profit | -18.28 | 233.6% |
| OPM | 2.55% | 1.33pp |
| NPM | -4.55% | 3.00pp |
| EPS | -0.35 | 250.0% |
Ameresco Reports Q1 2026 Revenue $401.5 Million, Up 14% Y-o-Y
05 May 2026 · 5 May, 1:48 am
Summary
Ameresco reported a solid start to the year with Q1 2026 revenue of $401.5 million, up 14% year-over-year. The growth was driven by strong performances in Projects and O&M. Net loss attributable to common shareholders was $18.3 million, or $(0.35) per diluted share. The company secured over half a billion dollars in new project awards, leading to a 20% growth in Awarded Backlog, reaching almost $2.8 billion. The company is updating its full-year guidance to reflect the expected impact on reported results due to the Neogenyx Fuels transaction.
Key Highlights
- 1
Ameresco's total revenue was $401.5 million, representing a 14% increase year-over-year.
- 2
Project revenue increased by 16% to $290.5 million, driven by solid execution across Federal and key geographies.
- 3
Energy Asset revenue grew by 7% to $60.7 million, supported by continued expansion of the operating asset portfolio.
- 4
O&M revenue increased by 22%, driven by the continued additions of new long-term contracts.
- 5
The company secured over half a billion dollars in new project awards, driving 20% growth in Awarded Backlog which now stands at almost $2.8 billion.
- 6
Net loss attributable to common shareholders was $18.3 million, or $(0.35) per diluted share.
- 7
Adjusted EBITDA was $40.5 million, aligning with the Company’s expectations.
Management Comments
George Sakellaris
The first quarter represented a solid start to the year, with revenue growth of 14% despite adverse weather conditions. During the quarter we secured over half a billion dollars in new project awards, driving 20% growth in our Awarded Backlog which now stands at almost $2.8 billion. Our customers are navigating a convergence of rising energy costs, rapidly increasing demand, and an imperative for highly resilient energy systems. Against this backdrop, we are experiencing record levels of business development activity, with especially strong demand coming from our Federal government customers. Ameresco’s diversified mix of building efficiency and energy infrastructure Project offerings together with our Energy Asset solutions and O&M capabilities puts us in a unique position to address these complex challenges as a go-to, comprehensive solutions provider. In a separate release today, we announced the signing of an agreement with HASI for an important $400 million strategic investment in our biofuels business, creating a newly formed joint venture named Neogenyx Fuels. Ameresco has been a leader in the biofuels industry for the last twenty-five years, turning the beneficial use of biogas into a reliable low-carbon fuel source. When completed, this transaction will enable us to monetize a portion of the $1.8 billion enterprise value that we have created in our biogas business, while allowing us to accelerate the future growth of this platform. Ameresco is off to a solid start this year, against a favorable backdrop of strong secular trends. We made several important organizational changes in the first quarter that are designed to enhance our ability to execute more effectively and better profit from the tremendous opportunities on the horizon.
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