Altus Power (AMPS) Revenue & Revenue Breakdown


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Altus Power Revenue Highlights


Latest Revenue (Y)

$155.16M

Latest Revenue (Q)

$58.68M

Main Segment (Y)

Power Purchase Agreements

Altus Power Revenue by Period


Altus Power Revenue by Year

DateRevenueChange
2023-12-31$155.16M53.38%
2022-12-31$101.16M40.90%
2021-12-31$71.80M58.58%
2020-12-31$45.28M20.95%
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

DateRevenueChange
2024-09-30$58.68M11.86%
2024-06-30$52.46M29.02%
2024-03-31$40.66M18.91%
2023-12-31$34.19M-24.15%
2023-09-30$45.08M-3.08%
2023-06-30$46.51M58.33%
2023-03-31$29.38M9.77%
2022-12-31$26.76M-12.07%
2022-09-30$30.44M22.92%
2022-06-30$24.76M28.98%
2022-03-31$19.20M-11.03%
2021-12-31$21.58M7.15%
2021-09-30$20.14M14.34%
2021-06-30$17.61M41.23%
2021-03-31$12.47M10.71%
2020-12-31$11.27M-13.80%
2020-09-30$13.07M14.51%
2020-06-30$11.41M19.71%
2020-03-31$9.53M-

Altus Power generated $58.68M in revenue during Q3 2024, up 11.86% compared to the previous quarter, and up 126.16% compared to the same period a year ago.

Altus Power Revenue Breakdown


Altus Power Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Power Purchase Agreements$53.52M$24.91M$15.73M
Rental Income$2.78M$3.04M$2.11M
Performance Based Incentives$6.16M$1.41M$1.68M
Net Metering Credits--$23.03M
Other Products Or Services--$1.00M
Solar Renewable Energy Certificate--$28.27M

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/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Power Purchase Agreements$21.53M$12.63M$27.89M$16.64M$8.99M$7.14M$6.73M$4.18M-
Rental Income$2.97M$2.08M$1.17M$986.00K$626.00K$704.00K$905.00K$785.00K$644.00K
Performance Based Incentives$298.00K$4.81M$3.59M$464.00K$2.10M$350.00K$319.00K$295.00K$359.00K
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 Sep 24: Power Purchase Agreements (86.83%), Rental Income (11.97%), and Performance Based Incentives (1.20%).

Altus Power Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
RNWReNew Energy Global$78.22B$15.99B
AZREAzure Power Global$20.75B$66.92M
FLNCFluence Energy$2.22B$623.14M
CWENClearway Energy$1.31B$486.00M
AYAtlantica Sustainable Infrastructure$1.10B$242.93M
ORAOrmat$829.42M$212.96M
NRGVEnergy Vault$341.54M$1.20M
ENLTEnlight Renewable Energy$255.70M$89.59M
AMPSAltus Power$155.16M$58.68M
ADNAdvent Technologies$7.84M$805.00K
HLGNHeliogen$4.45M$1.05M

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 Q3 2024 was $58.68M, a 11.86% increase from the previous quarter (Q2 2024), and a 30.17% increase year-over-year (Q3 2023). The company'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). AMPS'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).

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 Power Purchase Agreements, Rental Income, and Performance Based Incentives. 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. Performance Based Incentives generated $6.16M in revenue, accounting 9.86% of the company's total revenue, up 336.83% 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.