Filing Flows › Ameresco (AMRC) › Q1 2026
Ameresco (AMRC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Ameresco (AMRC) reported revenue of $401M for the first quarter 2026 (Q1 2026), +14% from a year earlier. Operating margin was 2.6%, net loss $14.4M (3.6% of revenue).
Ameresco, Q1 2026: revenue $401M (+14% year over year), operating margin 2.6%, net loss $14.4M, operating cash flow $35.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $401M | — | +14% |
| Operating profit | $10.2M | -76% | -25% |
| Net earnings | −$14.4M | -178% | — |
| Operating cash flow | $35.4M | — | — |
| Free cash flow | $34.9M | — | — |
What changed
Revenue was $401.5M in Q1 2026, up 14% year over year. North America Regions was the largest line at 41% of revenue. Europe added $30.6M year over year (up 32%), 63% of the total change. North America Regions declined 7%.
Gross margin was 14.1%, down 0.7 points from Q1 2025. Operating profit was $10.2M, a 2.6% margin (down 1.3 points year over year). Operating profit fell $3.4M even though revenue rose $48.6M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 14%. The quarter ended with a net loss of $14.4M. Net interest and other expense of $27.8M was the main reason.
Operating cash flow was $35.4M. Non-cash charges added back $29.3M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $16.3M. Capital expenditures of $542K left free cash flow of $34.9M.
Questions
What was Ameresco's revenue in the first quarter 2026?
Ameresco (AMRC) reported revenue of $401M for the first quarter 2026 (Q1 2026), +14% from a year earlier.
Was Ameresco profitable in the first quarter 2026?
Operating profit was $10.2M (2.6% of revenue) and net loss $14.4M.
Source: Ameresco 10-Q on SEC EDGAR.