Ameresco, Inc. (AMRC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
111 SPEEN STREET FRAMINGHAM, MA 01701 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 17 - Construction Special Trade Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 108,516 | 79,271 | 115,534 | 50,450 | 66,422 | 33,223 | |||
| Cash and cash equivalent | 108,516 | 79,271 | 115,534 | 50,450 | 66,422 | 33,223 | |||
| Restricted cash and investments | 69,706 | 62,311 | 20,782 | 24,267 | 22,063 | 20,006 | |||
| Receivables | 56,179 | 108,280 | 38,057 | 43,067 | 30,189 | ||||
| Inventory, net of allowances, customer advances and progress billings | 11,556 | 13,637 | 14,218 | 8,807 | 8,575 | 9,236 | |||
| Inventory | 11,556 | 13,637 | 14,218 | 8,807 | 8,575 | 9,236 | |||
| Prepaid expense | 11,997 | 10,697 | 38,617 | 25,377 | 26,854 | 29,424 | |||
| Contract with customer, asset, after allowance for credit loss | 644,105 | 636,163 | 576,363 | 306,172 | 185,960 | 202,243 | |||
| Capitalized contract cost | 22,856 | 20,735 | 16,025 | 13,214 | 15,839 | 13,188 | |||
| Deferred costs | 117,573 | 38,240 | |||||||
| Other undisclosed current assets | 258,646 | 159,137 | 181,755 | 167,231 | 134,813 | 117,872 | |||
| Total current assets: | 1,301,134 | 1,128,471 | 1,001,351 | 638,585 | 490,715 | 425,192 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 25,158 | 27,262 | 29,365 | 31,876 | 34,005 | 36,134 | |||
| Operating lease, right-of-use asset | 80,149 | 58,586 | 38,224 | 41,982 | 39,151 | 32,791 | |||
| Property, plant and equipment | 11,040 | 17,395 | 15,707 | 13,117 | 8,982 | ||||
| Long-term investments and receivables | 626,115 | 609,265 | 509,507 | 557,669 | 396,725 | 230,616 | |||
| Long-term investments | 16,987 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 609,128 | 609,265 | 509,507 | 557,669 | 396,725 | 230,616 | |||
| Intangible assets, net (including goodwill) | 75,119 | 82,395 | 75,326 | 78,118 | 59,641 | 60,028 | |||
| Goodwill | 66,305 | 75,587 | 70,633 | 71,157 | 58,714 | 58,414 | |||
| Intangible assets, net (excluding goodwill) | 8,814 | 6,808 | 4,693 | 6,961 | 927 | 1,614 | |||
| Restricted cash and investments | 20,156 | 12,094 | 13,572 | 12,337 | 10,352 | 24,035 | |||
| Deferred income tax assets | 56,523 | 26,411 | 3,045 | 3,703 | |||||
| Other noncurrent assets | 89,948 | 89,735 | 38,564 | 22,779 | 15,307 | 35,821 | |||
| Other undisclosed noncurrent assets | 1,873,166 | 1,662,162 | 1,152,160 | 824,655 | 695,373 | 529,396 | |||
| Total noncurrent assets: | 2,857,374 | 2,585,305 | 1,875,470 | 1,586,236 | 1,259,536 | 948,821 | |||
| TOTAL ASSETS: | 4,158,508 | 3,713,776 | 2,876,821 | 2,224,821 | 1,750,251 | 1,374,013 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 636,631 | 511,583 | 438,292 | 353,096 | 273,645 | 234,258 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 822 | 981 | 486 | ||
| Accounts payable | 529,338 | 402,752 | 349,126 | 308,963 | 230,916 | 202,416 | |||
| Accrued liabilities | 107,293 | 108,831 | 89,166 | 43,311 | 41,748 | 31,356 | |||
| Deferred revenue | 91,734 | 52,903 | 34,796 | 35,918 | 33,984 | 26,618 | |||
| Debt | 150,000 | 323,118 | 333,471 | 82,059 | 73,635 | 69,969 | |||
| Asset retirement obligation | 6 | 86 | |||||||
| Other undisclosed current liabilities | 10,643 | 13,867 | 5,509 | 3,145 | 1,747 | 5,802 | |||
| Total current liabilities: | 889,008 | 901,471 | 812,068 | 474,224 | 383,097 | 336,647 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,483,900 | 1,170,075 | 568,635 | 377,184 | 311,674 | 266,181 | |||
| Long-term debt, excluding current maturities | 266,181 | ||||||||
| Finance lease, liability | 12,267 | 13,057 | 14,068 | 16,101 | 19,227 | 23,500 | |||
| Other undisclosed long-term debt and lease obligation | 1,471,633 | 1,157,018 | 554,567 | 325,948 | 257,147 | (52,601) | |||
| Liabilities, other than long-term debt | 731,552 | 662,505 | 568,874 | 588,157 | 481,807 | 281,612 | |||
| Accounts payable and accrued liabilities | 555,396 | 533,054 | 478,497 | 532,287 | 440,223 | 245,037 | |||
| Deferred revenue | 6,481 | 6,885 | |||||||
| Asset retirement obligations | 2,342 | 1,561 | |||||||
| Deferred income tax liabilities | 2,223 | 4,479 | 9,181 | 3,871 | 2,363 | 115 | |||
| Other liabilities | 114,454 | 82,714 | 49,493 | 43,176 | 37,660 | 29,575 | |||
| Operating lease, liability | 59,479 | 42,258 | 31,703 | 35,135 | 35,300 | 29,101 | |||
| Other undisclosed noncurrent liabilities | 6,436 | 6,974 | 7,590 | 34,810 | 42,010 | 29,101 | |||
| Total noncurrent liabilities: | 2,221,888 | 1,839,554 | 1,145,099 | 1,000,151 | 835,491 | 576,894 | |||
| Total liabilities: | 3,110,896 | 2,741,025 | 1,957,167 | 1,474,375 | 1,218,588 | 913,541 | |||
| Temporary equity, including noncontrolling interest | 2,463 | 46,865 | 46,623 | 46,182 | 38,850 | 31,616 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,013,225 | 901,975 | 824,029 | 704,264 | 492,813 | 428,856 | |||
| Treasury stock, value | (11,788) | (11,788) | (11,788) | (11,788) | (11,788) | (11,782) | |||
| Additional paid in capital | 378,321 | 320,892 | 306,314 | 283,982 | 145,496 | 133,688 | |||
| Accumulated other comprehensive loss | (5,874) | (3,045) | (4,051) | (6,667) | (9,290) | (7,514) | |||
| Retained earnings | 652,561 | 595,911 | 533,549 | 438,732 | 368,390 | 314,459 | |||
| Other undisclosed equity, attributable to parent | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Equity, attributable to noncontrolling interest | 31,924 | 23,911 | 49,002 | ||||||
| Total equity: | 1,045,149 | 925,886 | 873,031 | 704,264 | 492,813 | 428,856 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,158,508 | 3,713,776 | 2,876,821 | 2,224,821 | 1,750,251 | 1,374,013 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,769,928 | 1,374,633 | 1,824,422 | 1,215,697 | 1,032,275 | 866,933 | ||
| Cost of revenue (Cost of Product and Service Sold) | (1,513,837) | (1,128,204) | (1,533,589) | (985,340) | (844,726) | (698,815) | ||
| Gross profit: | 256,091 | 246,429 | 290,833 | 230,357 | 187,549 | 168,118 | ||
| Operating expenses | (148,138) | (165,969) | (157,841) | (134,923) | (116,050) | (116,504) | ||
| Other undisclosed operating income | 792 | 1,758 | ||||||
| Operating income: | 108,745 | 82,218 | 132,992 | 95,434 | 71,499 | 51,614 | ||
| Nonoperating expense | (74,805) | (43,949) | (27,273) | (17,290) | (15,071) | (15,061) | ||
| Interest and debt expense | (1,752) | (26,922) | (17,775) | (14,548) | (12,891) | (12,622) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 17,775 | 14,548 | 12,891 | 12,622 | ||||
| Income from continuing operations before equity method investments, income taxes: | 32,188 | 11,347 | 105,719 | 78,144 | 56,428 | 36,553 | ||
| Income (loss) from equity method investments | 792 | 1,758 | (118) | (225) | ||||
| Other undisclosed income (loss) from continuing operations before income taxes | 960 | 25,164 | ||||||
| Income from continuing operations before income taxes: | 33,940 | 38,269 | 105,719 | 78,026 | 56,203 | 36,553 | ||
| Income tax expense (benefit) | 20,000 | 25,635 | (7,170) | 2,047 | 494 | 3,748 | ||
| Income from continuing operations: | 53,940 | 63,904 | 98,549 | 80,073 | 56,697 | 40,301 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 80,073 | 56,697 | 40,301 | |
| Other undisclosed net income | 118 | 225 | ||||||
| Net income: | 53,940 | 63,904 | 98,549 | 80,191 | 56,922 | 40,301 | ||
| Net income (loss) attributable to noncontrolling interest | 2,817 | (1,434) | (3,623) | (9,733) | (2,870) | 4,135 | ||
| Net income attributable to parent: | 56,757 | 62,470 | 94,926 | 70,458 | 54,052 | 44,436 | ||
| Other undisclosed net loss available to common stockholders, basic | (107) | (108) | (116) | (116) | (121) | |||
| Net income available to common stockholders, diluted: | 56,650 | 62,362 | 94,810 | 70,342 | 53,931 | 44,436 | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 53,940 | 63,904 | 98,549 | 80,191 | 56,922 | 40,301 | ||
| Other comprehensive income (loss) | (2,778) | 1,036 | 2,616 | 2,623 | (1,776) | (1,565) | ||
| Comprehensive income: | 51,162 | 64,940 | 101,165 | 82,814 | 55,146 | 38,736 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 2,766 | (1,464) | (3,623) | (9,733) | (2,870) | 4,135 | ||
| Comprehensive income, net of tax, attributable to parent: | 53,928 | 63,476 | 97,542 | 73,081 | 52,276 | 42,871 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.