$33.33
-3.7%Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance (O&M) costs of its customers' facilities. The company's projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. It also offers renewable energy solutions and services, such as the construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat, or cooling from renewable sources of energy and O&M services; and electricity, processed renewable gas fuel, and heat or cooling produced from renewable sources of energy. In addition, the company sells photovoltaic (PV) solar energy products and systems, as well as provides consulting and enterprise energy management services; and owns and operates a wind power project located in Ireland. It serves the federal, state, and local governments, as well as healthcare and educational institutions, airports, public housing authorities and public universities, and commercial and industrial customers. As of December 31, 2021, the company owned and operated 147 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโmonitor closely.
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
AMRC โข NYSE
| Ameresco, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||
44.3M | 56.8M | 63.9M | 98.5M | 80.2M | 56.9M | 40.3M | 37.6M | 33.5M | 12M | -2.6M | 10.4M | 2.4M | 18.4M | 34.7M | 28.7M | 19.9M | 18.3M | |
104.3M | 89.5M | 65.9M | 54.3M | 46.6M | 42M | 39.4M | 30.5M | 25.5M | 24.8M | 24.3M | 22.8M | 20.5M | 19.3M | 14M | 11.4M | 6.6M | 3.8M | |
-18.5M | -24.3M | -27.6M | 3.9M | -4.8M | 3.4M | -3.3M | 5.5M | -4.5M | 2.9M | 2M | -2.7M | -15.3M | -3.8M | 19.8M | -254K | 3.4M | -2.1M | |
0.0 | 14.1M | 10.3M | 15M | 8.7M | 1.9M | 1.6M | 1.3M | 1.3M | 1.5M | 1.8M | 2.5M | 2.8M | 3.4M | 2.9M | 2.5M | 3.2M | 2.9M | |
8.5M | -25.1M | 2.7M | 4.5M | 5M | 5M | -1.2M | 4.8M | -83K | 6.1M | 7M | 1.2M | -6.8M | 659.5K | -2.2M | 927.4K | -2.1M | 1.8M | |
(0.0) | (4.5M) | (3.8M) | (7.3M) | (2.7M) | (1.5M) | (3.9M) | (2.3M) | (5.8M) | (3.5M) | (1.4M) | (3.1M) | (3.8M) | (1.6M) | (7.6M) | (5.2M) | (2.1M) | (5.3M) | |
-219M | 6.6M | -185.2M | -514.6M | -308M | -211.9M | -273.1M | -132.9M | -192.2M | -105.3M | -82M | -33.9M | -64.2M | 49.7M | -39.1M | -22.5M | 14.3M | -23.4M | |
-80.4M | 117.6M | -70M | -338.3M | -172.3M | -102.6M | -196.3M | -53.2M | -136.6M | -58.1M | -49.5M | 254K | -60.6M | 87.5M | 30.1M | 20.8M | 45.3M | 1.3M | |
INVESTING ACTIVITIES | ||||||||||||||||||
-356M | -438.3M | -551.8M | -327.9M | -183.8M | -182.8M | -140.6M | -129.6M | -89.1M | -76M | -52.7M | -28.4M | -54M | -52.3M | -51.9M | -39.6M | -21.6M | -43M | |
(128K) | (55.6M) | -14.6M | (0.0) | -22.3M | -132K | -1.6M | -3.6M | (368K) | -3.6M | (6.8M) | -13.9M | -9.8M | -4M | -66.2M | -6.3M | -674.1K | (0.0) | |
-27.8M | -11.8M | (0.0) | (0.0) | (0.0) | (0.0) | -301K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 13.1M | 0.0 | 0.0 | 0.0 | 0.0 | 135.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
132.4M | -5.2M | -565K | -459K | 774K | 1.9M | -135.2M | -125.7M | -86.3M | -73.2M | 854K | 3.7M | 33.9M | 7.3M | 12.5M | -43.3B | 0.0 | 0.0 | |
-251.3M | -386.6M | -566.9M | -328.4M | -205.3M | -181M | -142.2M | -133.2M | -88.7M | -79.6M | -51.8M | -38.6M | -29.9M | -49M | -105.6M | -45.9M | -22.3M | -43M | |
FINANCING ACTIVITIES | ||||||||||||||||||
2.9M | 2.8M | 0.0 | 0.0 | 120.1M | -6K | -144K | -1.8M | -3.4M | -6.4M | 0.0 | 0.0 | 0.0 | 3.5M | 6.4M | -769K | -874.9K | -4.9M | |
221.1M | 125.3M | 497.4M | 444.5M | 79.7M | 45.4M | 88.8M | 56M | 58.1M | 44.9M | 24.2M | 37.8M | 34.8M | 15.5M | 57.3M | -33.1M | 7.2M | 38.3M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -6K | -144K | -1.8M | -3.4M | -6.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -769K | -874.9K | -4.9M | |
94.4M | 185.9M | 143.4M | 285.7M | 165.7M | 259.7M | 228.8M | 170.4M | 175.6M | 98.8M | 76.5M | 5M | 8.4M | -20.8M | 133.2M | 54.4M | -2.2M | -3.3M | |
318.4M | 313.9M | 640.8M | 730.2M | 365.5M | 305.2M | 317.4M | 224.5M | 228.8M | 137.3M | 100.7M | 42.8M | 43.2M | -1.8M | 58.1M | 20.5M | 4.1M | 22.2M | |
CASH FLOW SUMMARY | ||||||||||||||||||
-624K | -203K | -81K | -747K | 309K | 2K | 447K | -295K | 168K | -650K | -1.5M | 2.2M | 1.2M | 327.8K | -1M | 1.3M | 2.7M | -3.3M | |
-13.9M | 44.7M | 3.8M | 62.8M | -11.8M | 21.6M | -20.7M | 37.8M | 3.7M | -1M | -2.1M | 6.6M | -46.2M | 37.1M | -18.4M | -3.2M | 29.8M | -22.7M | |
178.2M | 153.7M | 149.9M | 87.1M | 98.8M | 77.3M | 97.9M | 60.1M | 20.6M | 21.6M | 23.8M | 17.2M | 63.3M | 26.3M | 44.7M | 47.9M | 18.1M | 40.9M | |
164.3M | 198.4M | 153.7M | 149.9M | 87.1M | 98.8M | 77.3M | 97.9M | 24.3M | 20.6M | 21.6M | 23.8M | 17.2M | 63.3M | 26.3M | 44.7M | 47.9M | 18.1M | |
-436.4M | -320.7M | -621.8M | -666.2M | -356.1M | -285.3M | -336.9M | -182.8M | -225.7M | -134.1M | -102.2M | -28.2M | -114.6M | 35.3M | -21.8M | -18.8M | 23.7M | -41.7M |
AMRC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 12, 2026 | May 12, 2026 | 2026 | |
8-K/A 8-K/A 2026 (Amended) N/A | May 08, 2026 | May 04, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | May 04, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 23, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 30, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 03, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 02, 2026 | March 02, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 04, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 03, 2025 | November 03, 2025 | 2025 |
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