SequelSEC

SPRUCE POWER HOLDING CORP SPRU

Electric Services · CIK 0001772720 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$111.81M
Fiscal year ended 2025-12-31
Operating income
$17.94M
Fiscal year ended 2025-12-31
Free cash flow
-$3.75M
Fiscal year ended 2025-12-31

SPRUCE POWER HOLDING CORP (SPRU) reported revenue of $111.81M and net income of -$26.03M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from SPRUCE POWER HOLDING CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electric Services.

Income

SPRUCE POWER HOLDING CORP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$111.81M$82.11M$79.86M$23.19M$0$20.34M$7.22M
Cost of revenueUnavailableUnavailable$37.81M$9.95M$16.30M$17.59M$8.08M
Gross profitUnavailableUnavailableUnavailable$13.24M-$696.00K$2.74M-$860.00K
Operating income$17.94M-$50.39M-$36.82M-$59.29M-$35.09M-$15.29M-$13.57M
Net income-$26.03M-$70.49M-$65.83M-$93.93M$28.79M-$60.61M-$14.90M
Research & developmentUnavailableUnavailableUnavailableUnavailable$10.78M$4.44M$2.87M
Weighted-average diluted sharesshares 18.07Mshares 18.47Mshares 18.39Mshares 17.84Mshares 148.51Mshares 84.57Mshares 79.82M
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expense$0UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Diluted EPS$-1.44$-3.82$-3.58$-5.27$0.19$-0.72$-0.19
Selling, general & administrative$55.11M$58.89M$56.12M$73.12M$35.09M$13.59M$9.84M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

SPRUCE POWER HOLDING CORP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$54.84M$72.80M$141.35M$220.32M$351.68M$329.64MUnavailable
Total assets$837.27M$898.48M$895.02M$826.55M$393.22M$347.01M$9.25M
Current assets$115.87M$136.43M$203.34M$274.96M$374.60M$345.32M$7.08M
Total liabilities$716.02M$752.33M$680.35M$537.58M$31.41M$158.12M$22.95M
Current liabilities$238.76M$59.57M$71.71M$59.70M$16.63M$9.08M$15.49M
Total equity incl. NCI$121.25M$146.15M$214.67M$288.89M$361.81M$188.90M-$13.70M
Temporary (mezzanine) equityUnavailable$0$0$85.00K$0Unavailable$219.40M
InventoryUnavailableUnavailableUnavailableUnavailable$15.26M$3.57M$2.24M
Accounts receivable$15.75M$15.00M$9.20M$8.34M$0$10.56M$1.16M
GoodwillUnavailable$0$28.80M$28.76M$0$489.00K$489.00K
Long-term debt$462.94M$677.02M$590.87M$474.44M$0$98.00K$1.85M
Accounts payable$1.92M$987.00K$1.12M$2.90M$697.00K$4.37M$549.00K

Cash flow

SPRUCE POWER HOLDING CORP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$3.53M-$41.81M-$33.66M-$63.49M-$48.49M-$19.88M-$11.55M
Capital expenditures$221.00K$354.00K$499.00K$0$3.64M$145.00K$28.00K
Investing cash flow$24.78M-$101.41M-$16.74M-$29.01M-$14.83M-$145.00K-$28.00K
Financing cash flow-$37.25M$79.43M-$16.81M-$19.19M$85.36M$346.28M$9.21M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$2.96M$2.71M$2.88M$10.00M$7.88M$978.00K$208.00K
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$30.19M$24.38M$21.59M$6.46M$0$622.00K$319.00K

Derived

SPRUCE POWER HOLDING CORP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$3.75M-$42.16M-$34.16M-$63.49M-$52.14M-$20.03M-$11.58M
Gross marginUnavailableUnavailableUnavailable57.1%Unavailable13.5%-11.9%
Operating margin16.0%-61.4%-46.1%-255.6%Unavailable-75.2%-188.1%
FCF margin-3.4%-51.4%-42.8%-273.7%Unavailable-98.5%-160.5%
SBC / revenue2.6%3.3%3.6%43.1%Unavailable4.8%2.9%
Current ratio0.49x2.29x2.84x4.61x22.52x38.02x0.46x
Revenue YoY growth36.2%2.8%244.3%Unavailable-100.0%181.9%Unavailable
Net margin-23.3%-85.9%-82.4%-405.0%Unavailable-298.0%-206.5%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailable21.9%39.8%
CapEx / revenue0.2%0.4%0.6%0.0%Unavailable0.7%0.4%
Long-term debt / equity3.82xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SPRU in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-K/A · Filed 2026-07-24View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K/A · Filed 2026-04-03View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-11-13View SEC filing

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Reconciliation checks needing review

3 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2023-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgereview2021-12-31

Difference 15600000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.

balance equationreview2019-12-31

Difference 219395310 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.