Altus Power (AMPS) Revenue & Revenue Breakdown
Altus Power Revenue Highlights
Latest Revenue (Y)
$155.16M
Latest Revenue (Q)
$52.46M
Main Segment (Y)
Power Purchase Agreements
Altus Power Revenue by Period
Altus Power Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $155.16M | 53.38% |
| 2022-12-31 | $101.16M | 40.90% |
| 2021-12-31 | $71.80M | 58.58% |
| 2020-12-31 | $45.28M | 20.95% |
| 2019-12-31 | $37.43M | - |
Altus Power generated $155.16M in revenue during NA 2023, up 53.38% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Altus Power Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $52.46M | 29.02% |
| 2024-03-31 | $40.66M | 18.91% |
| 2023-12-31 | $34.19M | -24.15% |
| 2023-09-30 | $45.08M | -3.08% |
| 2023-06-30 | $46.51M | 58.33% |
| 2023-03-31 | $29.38M | 9.77% |
| 2022-12-31 | $26.76M | -12.07% |
| 2022-09-30 | $30.44M | 22.92% |
| 2022-06-30 | $24.76M | 28.98% |
| 2022-03-31 | $19.20M | -11.03% |
| 2021-12-31 | $21.58M | 7.15% |
| 2021-09-30 | $20.14M | 14.34% |
| 2021-06-30 | $17.61M | 41.23% |
| 2021-03-31 | $12.47M | 10.71% |
| 2020-12-31 | $11.27M | -13.80% |
| 2020-09-30 | $13.07M | 14.51% |
| 2020-06-30 | $11.41M | 19.71% |
| 2020-03-31 | $9.53M | - |
Altus Power generated $52.46M in revenue during Q2 2024, up 29.02% compared to the previous quarter, and up 178.57% compared to the same period a year ago.
Altus Power Revenue Breakdown
Altus Power Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Performance Based Incentives | $6.16M | $1.41M | $1.68M |
| Power Purchase Agreements | $53.52M | $24.91M | $15.73M |
| Rental Income | $2.78M | $3.04M | $2.11M |
| Net Metering Credits | - | - | $23.03M |
| Solar Renewable Energy Certificate | - | - | $28.27M |
| Other Products Or Services | - | - | $1.00M |
Altus Power's latest annual revenue breakdown by segment (product or service), as of Dec 23: Power Purchase Agreements (85.69%), Performance Based Incentives (9.86%), and Rental Income (4.46%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|
| Performance Based Incentives | $4.81M | $3.59M | $464.00K | $2.10M | $350.00K | $319.00K | $295.00K | $359.00K |
| Power Purchase Agreements | $12.63M | $27.89M | $16.64M | $8.99M | $7.14M | $6.73M | $4.18M | - |
| Rental Income | $2.08M | $1.17M | $986.00K | $626.00K | $704.00K | $905.00K | $785.00K | $644.00K |
| Other | $20.00K | - | - | - | - | - | - | - |
| Other Products Or Services | - | - | - | - | - | $1.78M | $1.16M | $573.00K |
| Net Metering Credits | - | - | - | - | - | $9.19M | $7.82M | $3.91M |
| Solar Renewable Energy Certificate | - | - | - | - | - | $11.10M | $7.97M | $9.53M |
Altus Power's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Power Purchase Agreements (64.62%), Performance Based Incentives (24.60%), Rental Income (10.67%), and Other (0.10%).
Altus Power Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| RNW | ReNew Energy Global | $78.22B | $15.99B |
| AZRE | Azure Power Global | $20.75B | $66.92M |
| FLNC | Fluence Energy | $2.22B | $623.14M |
| CWEN | Clearway Energy | $1.31B | $366.00M |
| AY | Atlantica Sustainable Infrastructure | $1.10B | $242.93M |
| ORA | Ormat | $829.42M | $224.17M |
| NRGV | Energy Vault | $341.54M | $3.77M |
| ENLT | Enlight Renewable Energy | $255.70M | $89.59M |
| AMPS | Altus Power | $155.16M | $52.46M |
| ADN | Advent Technologies | $7.84M | $1.26M |
| HLGN | Heliogen | $4.45M | $2.26M |
AMPS Revenue FAQ
What is Altus Power’s yearly revenue?
Altus Power's yearly revenue for 2023 was $155.16M, representing an increase of 53.38% compared to 2022. The company's yearly revenue for 2022 was $101.16M, representing an increase of 40.90% compared to 2021. AMPS's yearly revenue for 2021 was $71.8M, representing an increase of 58.58% compared to 2020.
What is Altus Power’s quarterly revenue?
Altus Power's quarterly revenue for Q2 2024 was $52.46M, a 29.02% increase from the previous quarter (Q1 2024), and a 12.79% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $40.66M, a 18.91% increase from the previous quarter (Q4 2023), and a 38.40% increase year-over-year (Q1 2023). AMPS's quarterly revenue for Q4 2023 was $34.19M, a -24.15% decrease from the previous quarter (Q3 2023), and a 27.75% increase year-over-year (Q4 2022).
What is Altus Power’s revenue growth rate?
Altus Power's revenue growth rate for the last 3 years (2021-2023) was 116.10%, and for the last 5 years (2019-2023) was 314.49%.
What are Altus Power’s revenue streams?
Altus Power's revenue streams in c 23 are Performance Based Incentives, Power Purchase Agreements, and Rental Income. Performance Based Incentives generated $6.16M in revenue, accounting 9.86% of the company's total revenue, up 336.83% year-over-year. Power Purchase Agreements generated $53.52M in revenue, accounting 85.69% of the company's total revenue, up 114.87% year-over-year. Rental Income generated $2.78M in revenue, accounting 4.46% of the company's total revenue, down -8.36% year-over-year.
What is Altus Power’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Altus Power was Power Purchase Agreements. This segment made a revenue of $53.52M, representing 85.69% of the company's total revenue.