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BUSINESS SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
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:
North America RegionsU.S. FederalRenewable FuelsEuropeAll OtherCorporateTotal
2025
Revenues$178,260 $25,247 $38,175 $96,657 $14,490 $352,829 
Cost of revenues155,204 17,801 29,861 87,845 10,199 300,910 
Gross profit23,056 7,446 8,314 8,812 4,291 51,919 
Add:
Earnings from unconsolidated entities21 — — 240 — — 261 
Less:
Selling, general and administrative expenses12,709 2,735 684 4,976 3,459 13,925 38,488 
Loss on derivatives409 554 372 — — — 1,335 
Interest expense, net of interest income3,621 843 8,074 (35)— 5,951 18,454 
Other (income) expenses(1,795)178 119 677 1 (859)(1,679)
Income (loss) before income taxes8,133 3,136 (935)3,434 831 (19,017)(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.
North America RegionsU.S. FederalRenewable FuelsEuropeAll OtherCorporateTotal
2024
Revenues$138,285 $60,890 $32,859 $44,122 $22,250 $298,406 
Cost of revenues119,821 50,874 25,708 40,360 14,650 251,413 
Gross profit18,464 10,016 7,151 3,762 7,600 46,993 
Add:
Earnings from unconsolidated entities4 551 — — — — 555 
Less:
Selling, general and administrative expenses11,760 3,226 486 3,197 5,157 15,729 39,555 
Gain on derivatives(1,256)(795)(308)— — — (2,359)
Interest expense, net of interest income1,697 775 5,682 917 — 5,164 14,235 
Other expenses674 4 115 240 12 1,250 2,295 
Income (loss) before income taxes5,593 7,357 1,176 (592)2,431 (22,143)(6,178)
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
8,073 2,016 7,196 496 596 461 18,838 
Amortization of debt discount & debt issuance costs (1)
403 5 115 — — 459 982 
(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.