Filing Flows › Ameresco (AMRC) › Q1 2025
Ameresco (AMRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ameresco (AMRC) reported revenue of $353M for the first quarter 2025 (Q1 2025), +18% from a year earlier and -34% from the quarter before. Operating margin was 3.9%, net loss $5.6M (1.6% of revenue).
Ameresco, Q1 2025: revenue $353M (+18% year over year), operating margin 3.9%, net loss $5.6M, operating cash flow −$28.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | -34% | +18% |
| Operating profit | $13.7M | -69% | — |
| Net earnings | −$5.6M | -115% | — |
| Operating cash flow | −$28.3M | -254% | — |
What changed
Revenue was $352.8M in Q1 2025, up 18% year over year and down 34% from the previous quarter. North America Regions was the largest line at 51% of revenue. Europe added $52.5M year over year (up 119%), 97% of the total change. U.S. Federal declined 59%.
Gross margin was 14.7%, down 1.0 points from a year earlier. Operating profit was $13.7M, a 3.9% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 3% margin then. Operating expenses fell 2% while revenue rose 18%. The quarter ended with a net loss of $5.6M, after a profit of $37.9M the previous quarter. Net interest and other expense of $18.1M was the main reason.
Operating cash flow was −$28.3M. Non-cash charges added back $23.9M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $49.5M. Capital expenditures of $422K exceeded it, leaving free cash flow of −$28.7M.
Questions
What was Ameresco's revenue in the first quarter 2025?
Ameresco (AMRC) reported revenue of $353M for the first quarter 2025 (Q1 2025), +18% from a year earlier and -34% from the quarter before.
Was Ameresco profitable in the first quarter 2025?
Operating profit was $13.7M (3.9% of revenue) and net loss $5.6M.
Source: Ameresco 10-Q on SEC EDGAR.