| Summary of Disaggregation of Revenue |
The following table presents our revenue disaggregated by line of business and reportable segment for the year ended December 31, 2024:
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
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Europe |
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All Other |
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Total |
| Project revenue |
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$ |
762,404 |
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|
$ |
294,082 |
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|
$ |
43,353 |
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|
$ |
238,848 |
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|
$ |
— |
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|
$ |
1,338,687 |
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| O&M revenue |
|
35,707 |
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|
60,057 |
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|
7,895 |
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|
2,807 |
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|
— |
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|
106,466 |
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| Energy assets |
|
73,059 |
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|
17,449 |
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|
121,960 |
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|
847 |
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|
29 |
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|
213,344 |
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| Other |
|
7,658 |
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|
948 |
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|
134 |
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|
8,072 |
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|
94,619 |
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|
111,431 |
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| Total revenues |
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$ |
878,828 |
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$ |
372,536 |
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$ |
173,342 |
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$ |
250,574 |
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$ |
94,648 |
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$ |
1,769,928 |
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The following table presents our revenue disaggregated by line of business and reportable segment for the year ended December 31, 2023:
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
|
Europe |
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All Other |
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Total |
| Project revenue |
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$ |
519,079 |
|
|
$ |
342,238 |
|
|
$ |
— |
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|
$ |
138,730 |
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|
$ |
1,250 |
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$ |
1,001,297 |
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| O&M revenue |
|
26,310 |
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|
53,496 |
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|
10,697 |
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|
1,979 |
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|
1 |
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|
92,483 |
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| Energy assets |
|
64,668 |
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|
6,326 |
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|
106,359 |
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|
1,392 |
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|
145 |
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|
178,890 |
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| Other |
|
6,377 |
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|
824 |
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|
19 |
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|
7,253 |
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|
87,490 |
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|
101,963 |
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| Total revenues |
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$ |
616,434 |
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|
$ |
402,884 |
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|
$ |
117,075 |
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|
$ |
149,354 |
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$ |
88,886 |
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$ |
1,374,633 |
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The following table presents our revenue disaggregated by line of business and reportable segment for the year ended December 31, 2022:
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
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Europe |
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All Other |
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Total |
| Project revenue |
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$ |
1,093,738 |
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|
$ |
333,846 |
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|
$ |
— |
|
|
$ |
53,680 |
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|
$ |
— |
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|
$ |
1,481,264 |
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| O&M revenue |
|
22,259 |
|
|
51,857 |
|
|
10,377 |
|
|
456 |
|
|
16 |
|
|
84,965 |
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| Energy assets |
|
51,818 |
|
|
5,822 |
|
|
104,082 |
|
|
281 |
|
|
87 |
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|
162,090 |
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| Other |
|
5,466 |
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|
366 |
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|
— |
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|
3,993 |
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|
86,278 |
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|
96,103 |
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| Total revenues |
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$ |
1,173,281 |
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$ |
391,891 |
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$ |
114,459 |
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$ |
58,410 |
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$ |
86,381 |
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$ |
1,824,422 |
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See Note 16 for our revenue disaggregated by geographical region.
The following table presents information related to our revenue recognized over time:
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Year Ended December 31, |
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2024 |
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2023 |
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2022 |
| Percentage of revenue recognized over time |
|
96 |
% |
|
95 |
% |
|
96 |
% |
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| Summary of Contract Balances |
The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers:
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| |
December 31, 2024 |
|
December 31, 2023 |
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January 1, 2023 |
| Accounts receivable, net |
$ |
256,961 |
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$ |
153,362 |
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$ |
174,009 |
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| Accounts receivable retainage |
39,843 |
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|
33,826 |
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|
38,057 |
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| Contract Assets |
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| Unbilled revenue |
644,105 |
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|
636,163 |
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|
576,363 |
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| Contract Liabilities |
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| Deferred revenue |
91,734 |
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|
52,903 |
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|
34,796 |
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Deferred revenue, non-current (1)
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29,885 |
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|
18,393 |
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|
7,617 |
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| Total contract liabilities |
$ |
121,619 |
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$ |
71,296 |
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$ |
42,413 |
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| (1) Performance obligations that are expected to be completed beyond the next twelve months and are included in other liabilities in the consolidated balance sheets. |
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