On August 4, 2025, Ameresco, Inc. announced its financial results for the fiscal quarter ended June 30, 2025. The company reported revenues of $472.3 million, an 8% increase over Q2 2024, and Adjusted EBITDA grew by 24% to $56.1 million.
Net income attributable to common shareholders was $12.9 million, resulting in GAAP EPS of $0.24 and non-GAAP EPS of $0.27. For the first six months of 2025, total revenues reached $825.1 million, up 12% year-over-year, with Adjusted EBITDA increasing 32%.
Project revenues increased by $27.3 million (8%) in Q2 2025, and energy asset revenue grew by 18% from the expanding operating portfolio. Gross profit was $73.4 million, with a gross margin of 15.5%, showing sequential and year-over-year improvement.
Ameresco reaffirmed its 2025 guidance, projecting revenues of $1.9 billion and adjusted EBITDA of $235 million at the midpoints. The company's total project backlog reached a record $5.1 billion, a 16% increase year-over-year, with contracted project backlog surging 46% to $2.4 billion.
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