Filing Flows › Ameresco (AMRC) › Q2 2026
Ameresco (AMRC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Ameresco (AMRC) reported revenue of $515M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +28% from the quarter before. Operating margin was 8.6%, net earnings $9.7M (1.9% of revenue).
Ameresco, Q2 2026: revenue $515M (+9% year over year), operating margin 8.6%, net earnings $9.7M, operating cash flow −$107M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $515M | +28% | +9% |
| Gross profit | $91.3M | +62% | +24% |
| Operating profit | $44.1M | +331% | +59% |
| Net earnings | $9.7M | — | -24% |
| Operating cash flow | −$107M | -403% | — |
What changed
Revenue was $515.5M in Q2 2026, up 9% year over year and up 28% from the previous quarter. North America Regions was the largest line at 38% of revenue. U.S. Federal added $33.0M year over year (up 55%), 76% of the total change. North America Regions declined 7%.
Gross margin was 17.7%, up 2.2 points from Q2 2025. Operating profit was $44.1M, a 8.6% margin (up 2.7 points year over year). Of the extra revenue versus Q2 2025, 38% reached operating profit, above the 6% margin then. Operating expenses grew 3% against revenue growth of 9%. Net earnings were $9.7M, down 24% year over year. The effective tax rate was 0.7%.
Operating cash flow was −$107.2M. Non-cash charges added back $30.1M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $160.6M. Capital expenditures of $862K exceeded it, leaving free cash flow of −$108.1M.
Questions
What was Ameresco's revenue in the second quarter 2026?
Ameresco (AMRC) reported revenue of $515M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +28% from the quarter before.
Was Ameresco profitable in the second quarter 2026?
Operating profit was $44.1M (8.6% of revenue) and net earnings $9.7M.
Source: Ameresco 10-Q on SEC EDGAR.