AMRC Ameresco, Inc. - 10-Q - (2025-11-04)

AMERESCO (AMRC) Q3 2025 TL;DR (9 Months Ended September 30, 2025)

FINANCIAL PERFORMANCE: Ameresco demonstrated strong year-over-year growth in the first nine months of FY2025. Revenues increased to $1.351B (from $1.237B in 2024), with Gross Margin improving to 16.0%. Nine-month Net Income attributable to common shareholders grew to $25.9M (from $19.7M), yielding a Diluted EPS of $0.49 (vs. $0.37 in 2024). Q3 specifically showed 5.0% revenue growth to $526.0M and a 20.5% surge in Operating Income ($42.4M). Conversely, Operating Cash Flow deteriorated sharply, swinging to a **$

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