Filing Flows › Ameresco (AMRC) › Q3 2026
Ameresco (AMRC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Ameresco (AMRC) reported revenue of $580M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +13% from the quarter before. Operating margin was 10.6%, net earnings $31.9M (5.5% of revenue).
Ameresco, Q3 2026: revenue $580M (+10% year over year), operating margin 10.6%, net earnings $31.9M, operating cash flow −$8.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $580M | +13% | +10% |
| Gross profit | $109M | +19% | +32% |
| Operating profit | $61.3M | +39% | +52% |
| Net earnings | $31.9M | +337% | -57% |
| Operating cash flow | −$8.8M | — | -150% |
What changed
Revenue was $580.3M in Q3 2026, up 10% year over year and up 13% from the previous quarter. North America Regions was the largest line at 39% of revenue. U.S. Federal added $63.8M year over year (up 71%), 117% of the total change. North America Regions declined 5%.
Gross margin was 18.7%, up 3.1 points from Q3 2025. Operating profit was $61.3M, a 10.6% margin (up 2.9 points year over year). Of the extra revenue versus Q3 2025, 39% reached operating profit, above the 8% margin then. Operating expenses grew 13% against revenue growth of 10%. Net earnings were $31.9M, down 57% year over year. The effective tax rate was -35.5%.
Operating cash flow was −$8.8M. Non-cash charges added back $26.0M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $85.7M. Capital expenditures of $648K exceeded it, leaving free cash flow of −$9.5M.
Questions
What was Ameresco's revenue in the third quarter 2026?
Ameresco (AMRC) reported revenue of $580M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +13% from the quarter before.
Was Ameresco profitable in the third quarter 2026?
Operating profit was $61.3M (10.6% of revenue) and net earnings $31.9M.
Source: Ameresco 10-Q on SEC EDGAR.