Ameresco Inc. reported third quarter 2025 revenue of $410.0 million from projects, $93.3 million from recurring sources, and $22.7 million from other services, software, and integrated PV, totaling $1.4 billion in year-to-date revenue. Adjusted EBITDA reached $167 million, with 68% derived from recurring lines of business. The company operated 765 MWe of energy assets as of September 30, 2025, and had 626 MWe in development and construction. The total project backlog stood at $5.1 billion, with diversified contributions from energy efficiency, solar, energy infrastructure, and various customer segments. Energy asset-related debt was $1.55 billion out of a total $1.88 billion in debt.
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