Ameresco, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $9.7M | $-18.3M | $18.5M | $12.9M | $-5.5M | $37.1M | $17.6M | $5.0M |
| Depreciation & Amortization | $30.1M | $29.3M | $27.2M | $25.2M | $23.9M | $26.5M | $23.5M | $20.4M |
| Depreciation | $514.0K | $499.0K | $515.0K | $607.0K | $573.0K | $1.3M | $1.2M | $1.3M |
| Amortization | $565.0K | $565.0K | $634.0K | $595.0K | $525.0K | $519.0K | $539.0K | $537.0K |
| Stock-Based Compensation | $3.4M | $4.2M | $3.7M | $3.8M | $2.8M | $3.8M | $3.7M | $3.7M |
| Net Cash from Operating Activities | $-107.2M | $35.4M | $17.7M | $-26.9M | $-28.3M | $18.4M | $25.1M | $53.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $862.0K | $542.0K | $-352.0K | $147.0K | $422.0K | $1.2M | $987.0K | $1.1M |
| Business Acquisitions | $0 | $0 | $623.0K | $0 | $4.0M | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-113.3M | $-96.9M | $-82.2M | $-57.7M | $-118.4M | $-31.2M | $-122.2M | $-129.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $218.7M | $128.5M | $89.0M | $107.4M | $114.5M | $8.9M | $66.6M | $161.1M |
| Net Change in Cash | $-1.9M | $65.9M | $23.6M | $25.2M | $-31.6M | $-6.0M | $-28.7M | $85.1M |
| Free Cash Flow | $-108.1M | $34.9M | $18.1M | $-27.0M | $-28.7M | $17.1M | $24.1M | $52.2M |