Revolve Records Profitable Q3 F2025 Backed by 472% Year-Over-Year Quarterly Revenue Increase: Scaling Renewables Across North America
Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) (“Revolve” or the “Company”), a North American developer and operator of utility-scale and distributed renewable energy projects, has posted its first profitable quarter, driven by a 472% increase in quarterly revenue and strong growth in recurring income from its operating assets. The results reflect the strength of Revolve’s dual-revenue model, combining recurring cash flows from operational wind, solar, and hydro assets with strategic monetisation of development-stage projects.
Top-Line Growth Driven by Monetisation Strategy and Operational Scale-Up
Revolve reported total Q3 FY2025 revenue of $1.93 million, up from $337,439 in the same quarter of FY2024. Gross profit surged by 641% year-over-year to $1.66 million, reflecting an 86% gross margin. Net income reached $137,158 for the quarter – compared to a net loss of $1.17 million in the prior-year period – marking a pivotal moment in the Company’s financial trajectory.
CEO Myke Clark attributed the results to Revolve’s hybrid business model, saying:
"Our performance this quarter is a clear outcome of our ability to balance stable recurring revenue with opportunistic asset monetisation. With nearly 100 MW of late-stage projects and over 500 MW mid-stage, we are set up for sustained growth across North America."
Operating Base Expands with New Acquisition and Regulatory Tailwinds
A key strategic milestone this quarter was the signing of a binding agreement to acquire a 9.6 MW wind project in the United States, marking Revolve’s first operational footprint in the U.S. market. The $10.5 million acquisition is expected to diversify geographic revenue and enhance cash flow reliability.
Meanwhile, regulatory developments in Mexico have catalysed accelerated work on Revolve’s 531 MW utility-scale wind pipeline. Projects El 24 and Presa Nueva have recently advanced further into the interconnection process, with additional milestones expected later this year.
Asset Recycling and Portfolio Optimisation
In February 2025, Revolve announced the divestiture of a 3 MW combined heat and power (CHP) project acquired through its 2022 Centrica Business Solutions Mexico acquisition. The $1.5 million sale reflects the Company’s disciplined capital allocation strategy, redirecting proceeds toward higher-return initiatives within its utility-scale and distributed generation (DG) portfolios.
Additionally, Revolve continues to expand its DG footprint with multiple new project assessments and ongoing offtake discussions for key U.S. assets, including the Vernal BESS and Primus Wind projects.
ArcStone’s View
Revolve’s profitable Q3 signals a critical inflection point as it begins to unlock the financial potential of its hybrid development-operational model. The steep growth in gross profit and net income is bolstered by the strategic expansion of its asset base, particularly with the entry into the U.S. market through wind acquisition and the revitalised regulatory framework in Mexico.
The Company’s diversified exposure across utility-scale and DG assets positions it to mitigate supply chain and tariff risks – an increasingly important factor in the current macro environment. With over 3,000 MW in its utility-scale pipeline and a rapidly scaling DG segment, Revolve appears well-positioned to deliver on its ambition of 5,000 MW under development.
For investors, the quarterly profit reinforces confidence in management’s execution and capital discipline. The trajectory suggests increasing operational leverage, and the recent string of project developments lays a strong foundation for potential re-rating as the Company transitions from developer to recurring cash flow generator.
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ArcStone Financial Pulse Team
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