10-Q quarterly report · filed Nov 4, 2025

Ameresco, Inc. (AMRC) Q3 2025 10-Q Quarterly Report

Short answer

Ameresco, Inc. (AMRC) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $526M (up 5.0% year over year) with net income of $19M.

Q3 2025 key financials · XBRL

Revenue
$526M
+5.0% YoY · +11.4% QoQ
Net income
$19M
+5.3% YoY · +44.1% QoQ
Operating margin
8.1%
Gross margin
16.0%
EPS (diluted)
$0.35
+6.1% YoY · +45.8% QoQ

Source: XBRL data from the Ameresco, Inc. (AMRC) Q3 2025 10-Q on SEC EDGAR. USD.

Ameresco, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New regulatory risk: One Big Beautiful Bill Act (OBBB) 2025 introducing stricter ITC timing, domestic content, and FEOC compliance, potentially impacting solar/storage tax credits and demand
  • Materially updated operational risk: ongoing supply chain disruptions with tariffs and restrictions causing project delays, cost inflation, and heightened component shortages
  • Key legal/compliance risk: U.S. government shutdown since Oct 1, 2025 delaying contract awards and guidance on clean energy construction criteria, risking financial results timing
  • Market risk: intensified competition and risk in executing larger complex projects driven by increased electricity demand, rising rates, and grid instability
  • Financial risk: higher interest expenses (+$11.4M nine months) from increased energy asset financings and corporate debt, plus currency transaction losses affecting net expenses

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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