On May 5, 2025, Ameresco, Inc. announced its financial results for the fiscal quarter ended March 31, 2025. The company reported total revenue of $352.8 million, an 18% increase year-over-year, with strong growth in Projects and Energy Assets revenue.
Net loss attributable to common shareholders was $5.5 million, compared to a net loss of $6.0 million in Q1 2024. Adjusted EBITDA increased 32% to $40.6 million. Gross margin was 14.7%, in line with expectations, despite a heavier mix of lower-margin European EPC contracts.
Ameresco's total project backlog grew to $4.9 billion, up 22% year-over-year, and contracted backlog stood at $2.6 billion, almost 80% higher than the previous year. The company's total revenue visibility across its businesses now stands at almost $10 billion.
The company reiterated its 2025 revenue guidance of $1.85 billion to $1.95 billion and adjusted EBITDA guidance of $225 million to $245 million. Ameresco noted that federal contracts previously delayed or canceled have been 'unpaused' or modified and are progressing, and it expects limited near-term exposure to rapidly changing tariff dynamics.
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