Financial Performance & Revenue - Q2 2025 revenue breakdown: Projects contribute $358.1 million, Energy & incentive revenue from owned energy assets plus recurring O&M from projects is $90.9 million, and other sources including services, software and integrated PV account for $23.3 million[5] - Year-to-date 2025, total revenue is $825 million, with projects accounting for 74%, assets for 15%, O&M for 6%, and other sources for 5%[7] - Year-to-date 2025, adjusted EBITDA is $97 million, with assets contributing 66%, projects 26%, O&M 5%, and other sources 3%[7] - Ameresco's total debt is $1.82 billion, of which $1.50 billion is energy asset debt[14, 15] - Of the energy asset debt, $0.99 billion is associated with operating energy assets, and $0.51 billion is associated with energy assets in development & construction[16] Energy Assets & Backlog - Operating energy assets total 749 MWe, comprising 56% solar (421 MW), 22% battery (166 MW), 11% non-RNG biogas (83 MWe), 9% RNG biogas (70 MWe), and 1% other[10, 11] - Energy assets in development & construction total 615 MWe, with 40% battery, 23% firm generation, 22% solar, and 15% biogas[11] - The company has a diversified total project backlog of $5.1 billion as of June 30, 2025, with $2.4 billion in awarded project backlog and $2.7 billion in contracted project backlog[21, 23] - The operating energy assets have a $1.3 billion backlog with a 15.1 year weighted average PPA remaining, plus an additional estimated revenue from market price RNG of $1.45 billion[21] Sustainability Impact - Since 2010, Ameresco's renewable energy assets & customer projects delivered a carbon emission reduction equivalent to over 125 million metric tons of CO2[30]

Financial Performance - Q1 2025 - Projects contributed $251.5 million to revenue [6], while recurring revenue streams from energy assets and O&M amounted to $81.5 million [6] - Adjusted EBITDA for Q1 2025 was $41 million [8] - 78% of the Adjusted EBITDA came from recurring lines of business [7, 8] - The Adjusted EBITDA margin was 11.5% [41] Energy Asset Portfolio - The company has 742 MWe of operating energy assets [10, 11], including 414 MW of solar (56%) [10, 11], 166 MW of battery (22%) [10, 11], 70 MWe of RNG biogas (9%) [10, 11], and 83 MWe of Non-RNG biogas (11%) [10, 11] - Energy assets in development and construction total 618 MWe [11], with 23% allocated to solar, 15% to biogas, 40% to battery, and 23% to EaaS [11] Backlog and Future Revenue - The total project backlog is $4.9 billion as of March 31, 2025 [21, 22] - The awarded project backlog is $2.6 billion [19], with an additional contracted project backlog of $3.3 billion [19] - The company anticipates $1.87 billion in additional revenue from market price RNG [19] Debt and Leverage - Total debt stands at $1.72 billion [13, 14], with $1.45 billion attributed to energy asset debt [13, 14] - Of the energy asset debt, $1.02 billion is associated with operating energy assets [15], and $0.43 billion is linked to energy assets in development and construction [15]

Financial Performance & Revenue - Q4 2024 revenue breakdown: Projects accounted for $418.3 million, Recurring revenue (energy & incentive) was $84.1 million, and Other (services, software, integrated PV) contributed $30.2 million[5] - Fiscal Year 2024 revenue reached $1.8 billion, with Projects contributing 76%, Assets 12%, O&M 6%, and Other 6%[8] - Adjusted EBITDA for Fiscal Year 2024 was $225.3 million, with Recurring revenue streams accounting for 59%[8] - Ameresco forecasts revenue between $1.85 billion and $1.95 billion for FY 2025, representing a 5-year CAGR between 12.4% and 13.6%[24] - The company anticipates adjusted EBITDA between $225 million and $245 million for FY 2025, indicating a 5-year CAGR between 13.8% and 15.7%[25] Energy Assets & Debt - As of December 31, 2024, the company had 731 MWe of operating energy assets, including 403 MW of Solar (55%), 166 MW of Battery (23%), 83 MW of non-RNG biogas (11%), 70 MW of RNG biogas (10%), and 9 MW of Other (1%)[11, 12] - Energy assets in development & construction totaled 637 MWe, comprising EaaS (22%), Battery (39%), Solar (25%), and Biogas (15%)[13] - Total debt stood at $1.63 billion, with $1.39 billion attributed to Energy Asset Debt and $0.24 billion to Corporate Debt[17, 18] - Of the Energy Asset Debt, $1.04 billion was associated with operating energy assets, and $0.35 billion was linked to energy assets in development & construction[17, 18] Backlog & Sustainability - The company possesses a substantial forward visibility with a $2.5 billion Awarded Project Backlog and a $3.3 billion Contracted Project Backlog[21] - Operating Energy Assets contribute a $1.4 billion backlog with a 15.2-year weighted average PPA remaining, plus $2.3 billion in O&M backlog with a 16.7-year weighted average lifetime[21] - Ameresco estimates an additional $1.8 billion in revenue from market price RNG over a 20-year period[21] - Since 2010, Ameresco's renewable energy assets & customer projects have delivered a Carbon Emission Reduction equivalent to over 125 million Metric Tons of CO2[27]