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Financials · SPRU

Spruce Power Holding Corporation (SPRU) financials

For the twelve months ended Jun 30, 2026, Spruce Power Holding Corporation reported $108.52M of revenue and -$7.26M of net income.

Revenue, TTM
$108.52M
Revenue growth, YoY
+10.0%
Net income, TTM
-$7.26M
Net margin
-6.7%
Free cash flow, TTM
$1.98M
EPS, diluted, TTM
-$0.44
Cash
$44.66M
Total debt
$662.58M
P/S
0.29
Market cap
$31.4M
Annual revenue$111.81M
FY2019FY2025
Annual net income-$26.03M
FY2019FY2025
Annual free cash flow-$3.75M
FY2019FY2025

SPRU revenue and earnings growth

SPRU revenueQ2 2026$30.35M

Quarter YoY
-8.7%
QoQ
+29.6%
FY YoY
+36.2%
5Y CAGR
+40.6%

SPRU revenue was $30.35M in fiscal Q2 2026 (ended Jun 30, 2026), down 8.7% from a year earlier and up 29.6% from the prior quarter. For the full fiscal 2025 it was $111.81M, up 36.2% from fiscal 2024. Compound annual growth was +40.6% over 5 years. It rose in each of the last 3 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

SPRU net incomeQ2 2026$3.32M

SPRU net income was $3.32M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.97M a year earlier. For the full fiscal 2025 it was -$26.03M, compared with -$70.49M in fiscal 2024.

SPRU EPSQ2 2026$0.15

SPRU diluted EPS was $0.15 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.17 a year earlier. For the full fiscal 2025 it was -$1.44, compared with -$3.82 in fiscal 2024.

SPRU free cash flowQ2 2026-$3.23M

SPRU free cash flow was -$3.23M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.44M a year earlier. For the full fiscal 2025 it was -$3.75M, compared with -$42.16M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$111.81M$82.11M$79.86M$23.19M$0$20.34M$7.21M
Cost of revenue--$37.81M$9.95M$16.30M$17.59M$8.07M
Gross profit--$42.05M$13.24M-$696.0K$2.74M-$860.0K
Research and development----$10.78M$4.45M$2.87M
Selling, general and admin$55.11M$58.89M$56.12M$73.12M$35.09M$13.59M$9.84M
Operating income$17.94M-$50.39M-$36.82M-$59.29M-$35.09M-$15.29M-$13.57M
Interest expense$50.92M$40.23M$41.94M$11.40M$37.0K$94.0K$99.0K
Income tax$0------
Net income-$26.03M-$70.49M-$65.83M-$93.93M$28.79M-$60.61M-$14.90M
EPS, basic-$1.44-$3.82-$3.58-$5.27$1.68-$5.76-$1.52
EPS, diluted-$1.44-$3.82-$3.58-$5.27$1.52-$5.76-$1.52
Diluted shares18.1M18.5M18.4M17.8M18.6M10.6M10.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$54.84M$109.15M$172.94M$240.14M$351.83M$329.79M$3.54M
Receivables$15.75M$15.00M$9.19M$8.34M$0$10.56M$1.16M
Inventory----$15.26M$3.57M$2.24M
Current assets$115.87M$136.43M$203.34M$274.96M$374.61M$345.32M$7.08M
Goodwill-$0$28.80M$28.76M$0$489.0K$489.0K
Total assets$837.27M$898.48M$895.02M$826.55M$393.22M$347.01M$9.25M
Current liabilities$238.76M$59.57M$71.71M$59.70M$16.63M$9.08M$15.49M
Short-term debt$213.83M$28.31M$27.91M$25.31M$78.0K$110.0K$1.44M
Long-term debt$462.94M$677.02M$590.87M$474.44M$0$98.0K-
Total debt$676.77M$705.33M$618.78M$499.75M$78.0K$208.0K$1.85M
Total liabilities$716.02M$752.33M$680.35M$537.58M$31.41M$158.12M$22.95M
Shareholders' equity$118.83M$146.15M$214.67M$288.89M$361.81M$188.90M-$13.70M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$3.53M-$41.81M-$33.66M-$63.49M-$28.18M-$19.88M-$11.55M
Capital expenditures$221.0K$354.0K$499.0K$0$3.64M$145.0K$28.0K
Free cash flow-$3.75M-$42.16M-$34.16M-$63.49M-$31.83M-$20.03M-$11.58M
Investing cash flow$24.78M-$101.41M-$16.73M-$29.01M-$3.00M-$145.0K-$28.0K
Financing cash flow-$37.25M$79.43M-$16.81M-$19.19M$85.86M$346.28M$9.21M
Stock-based compensation$2.96M$2.71M$2.88M$10.00M$7.88M$978.0K$208.0K
Depreciation and amortization$30.19M$24.38M$21.59M$6.46M$0$622.0K$319.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY36.2%2.8%244.3%--100.0%181.9%-
Gross margin--52.7%57.1%-13.5%-11.9%
Operating margin16.0%-61.4%-46.1%-255.6%--75.2%-188.1%
Net margin-23.3%-85.9%-82.4%-405.0%--298.0%-206.5%
Free cash flow margin-3.4%-51.4%-42.8%-273.7%--98.5%-160.5%
Return on equity-21.9%-48.2%-30.7%-32.5%8.0%-32.1%-
Return on assets-3.1%-7.8%-7.4%-11.4%7.3%-17.5%-161.1%
Current ratio0.492.292.844.6122.5238.020.46
Debt to equity5.704.832.881.730.000.00-

Source: XBRL data Spruce Power Holding Corporation files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-8, first reported Nov 13, 2023.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SPRU peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SPRU$108.52M+10.0%-$7.26M-6.7%$31.4M
NEE$27.87B+10.3%$8.18B29.4%$182.35B
SO$30.17B+7.9%$4.34B14.4%$106.22B
CEG$31.27B+26.0%$3.48B11.1%$88.56B
AEP$22.43B+9.3%$3.72B16.6%$68.90B
D$17.52B+17.5%$2.95B16.9%$60.33B
ETR$13.29B+11.4%$1.79B13.4%$52.82B
VST$19.60B+4.1%$2.22B11.3%$41.89B
FTSC$12.17B+5.8%C$1.71B14.1%$31.00B

SPRU FAQ

8 questions
  • What is SPRU revenue?
    Spruce Power Holding Corporation (SPRU) reported $108.52M of revenue for the twelve months ended Jun 30, 2026. That is up 10.0% from the year before. Revenue for fiscal 2025 was $111.81M.
  • Is SPRU profitable?
    No. Spruce Power Holding Corporation reported a net loss of $7.26M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does SPRU have?
    Spruce Power Holding Corporation reported $44.66M in cash and cash equivalents and $662.58M of debt on its most recent balance sheet in SEC filings.
  • How fast is SPRU revenue growing?
    Spruce Power Holding Corporation's revenue changed +36.2% in fiscal 2025, to $111.81M. Its compound annual growth rate was +40.6% over 5 years.
  • What is SPRU free cash flow?
    Spruce Power Holding Corporation generated $1.98M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $2.01M less capital expenditures.
  • What is SPRU earnings per share?
    Diluted earnings per share were -$0.44 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SPRU last report financial results?
    The latest statements here come from Spruce Power Holding Corporation's 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this SPRU financial data come from?
    Quantisnow builds these statements from the structured XBRL data Spruce Power Holding Corporation files with the SEC. It is provided for information only and is not investment advice.