Quarterly report [Sections 13 or 15(d)]

BUSINESS SEGMENT INFORMATION

v3.26.1
BUSINESS SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
Our reportable segments are North America Regions, U.S. Federal, Europe, Renewable Fuels, and All Other.
Our North America Regions, U.S. Federal, and Europe segments offer energy efficiency products and services which include the design, engineering, and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure, renewable energy solutions, and services which include the construction of small-scale plants that Ameresco owns or develops for customers that produce electricity, gas, heat, or cooling from renewable sources of energy and O&M services.
Our Renewable Fuels segment sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants that we own and O&M services for customer owned small-scale plants. Our North America Regions segment also includes certain small-scale solar grid-tie plants developed for customers.
The “All Other” category offers consulting services and the sale of solar PV energy products and systems which we refer to as integrated-PV.
These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. Certain reportable segments are an aggregation of operating segments.
Our Chief Executive Officer and President is our chief operating decision maker (“CODM”). The CODM is responsible for making operating decisions, allocating resources, and assessing performance of the business segments. The CODM uses the segments’ income before income taxes as the profitability measure in making these decisions.
The tables below present our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements.
2026
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues
$
166,027 
$
55,257 
$
39,281 
$
127,298 
$
13,597 
$
401,460 
Cost of revenues
137,721 
48,437 
33,931 
115,444 
9,463 
344,996 
Gross profit
28,306 
6,820 
5,350 
11,854 
4,134 
56,464 
Add:
Earnings from unconsolidated entities
95 
— 
— 
3 
— 
— 
98 
Less:
Selling, general and administrative expenses
13,853 
4,773 
1,250 
6,330 
3,432 
16,677 
46,315 
Unrealized loss (gain) on derivatives
2,072 
(160)
150 
— 
— 
(272)
1,790 
Interest expense and interest income, net
5,331 
914 
9,163 
964 
— 
8,817 
25,189 
Other (income) expense
(155)
— 
— 
359 
2 
629 
835 
Income (loss) before income taxes
$
7,300 
$
1,293 
$
(5,213)
$
4,204 
$
700 
$
(25,851)
$
(17,567)
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
10,852 
6,089 
11,312 
620 
26 
364 
29,263 
Amortization of debt discount & debt issuance costs (1)
858 
168 
104 
25 
— 
835 
1,990 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
2025
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues
$
178,260 
$
25,247 
$
38,175 
$
96,657 
$
14,490 
$
352,829 
Cost of revenues
155,204 
17,801 
29,861 
87,845 
10,199 
300,910 
Gross profit
23,056 
7,446 
8,314 
8,812 
4,291 
51,919 
Add:
Earnings from unconsolidated entities
21 
— 
— 
240 
— 
— 
261 
Less:
Selling, general and administrative expenses
12,709 
2,735 
684 
4,976 
3,459 
13,925 
38,488 
Unrealized loss on derivatives
409 
554 
372 
— 
— 
— 
1,335 
Interest expense and interest income, net
4,202 
1,021 
8,194 
(35)
— 
6,523 
19,905 
Other (income) expense
(2,376)
— 
— 
677 
1 
(1,432)
(3,130)
Income (loss) before income taxes
$
8,133 
$
3,136 
$
(936)
$
3,434 
$
831 
$
(19,016)
$
(4,418)
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
10,356 
4,871 
7,700 
524 
30 
459 
23,940 
Amortization of debt discount & debt issuance costs (1)
581 
178 
119 
— 
— 
573 
1,451 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
See Note 3 for additional information about our revenues by product line.