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Altus Power (AMPS) Revenue & Revenue Breakdown

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Altus Power Revenue Highlights

Latest Revenue (Y)

$196.26M

Latest Revenue (Q)

$58.68M

Main Segment (Y)

Power Purchase Agreements

Altus Power Revenue by Period

Altus Power Revenue by Year

DateRevenueChange
2024-12-31$196.26M26.49%
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 $196.26M in revenue during NA 2024, up 26.49% compared to the previous quarter, and up 524.30% 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 24Dec 23Dec 22Dec 21
Performance Based Incentives$7.27M$6.16M$1.41M$1.68M
Rental Income$11.27M$2.78M$3.04M$2.11M
Power Purchase Agreements$66.58M$53.52M$24.91M$15.73M
Solar Renewable Energy Certificate---$28.27M
Net Metering Credits---$23.03M
Other Products Or Services---$1.00M

Altus Power's latest annual revenue breakdown by segment (product or service), as of Dec 24: Power Purchase Agreements (78.21%), Rental Income (13.24%), and Performance Based Incentives (8.55%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Performance Based Incentives$2.17M$298.00K$4.81M$3.59M$464.00K$2.10M$350.00K$319.00K$295.00K$359.00K
Rental Income$6.22M$2.97M$2.08M$1.17M$986.00K$626.00K$704.00K$905.00K$785.00K$644.00K
Power Purchase Agreements$32.42M$21.53M$12.63M$27.89M$16.64M$8.99M$7.14M$6.73M$4.18M-
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 Dec 24: Power Purchase Agreements (79.45%), Rental Income (15.24%), and Performance Based Incentives (5.32%).

Altus Power Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RNWReNew Energy Global$78.22B$15.99B
FLNCFluence Energy$2.70B$186.79M
CWENClearway Energy$1.37B$486.00M
ORAOrmat$879.65M$212.96M
ENLTEnlight Renewable Energy$255.70M$89.59M
AMPSAltus Power$196.26M$58.68M
NRGVEnergy Vault$46.20M$1.20M
ADNAdvent Technologies$7.84M$805.00K

AMPS Revenue FAQ

What is Altus Power’s yearly revenue?

Altus Power's yearly revenue for 2024 was $196.26M, representing an increase of 26.49% compared to 2023. The company's yearly revenue for 2023 was $155.16M, representing an increase of 53.38% compared to 2022. AMPS's yearly revenue for 2022 was $101.16M, representing an increase of 40.90% compared to 2021.

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 (2022-2024) was 94.01%, and for the last 5 years (2020-2024) was 333.47%.

What are Altus Power’s revenue streams?

Altus Power's revenue streams in c 24 are Performance Based Incentives, Rental Income, and Power Purchase Agreements. Performance Based Incentives generated $7.27M in revenue, accounting 8.55% of the company's total revenue, up 18.18% year-over-year. Rental Income generated $11.27M in revenue, accounting 13.24% of the company's total revenue, up 304.85% year-over-year. Power Purchase Agreements generated $66.58M in revenue, accounting 78.21% of the company's total revenue, up 24.41% year-over-year.

What is Altus Power’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Altus Power was Power Purchase Agreements. This segment made a revenue of $66.58M, representing 78.21% of the company's total revenue.