Spruce Power Holding (SPRU) Financial Statements & Analysis

Spruce Power Holding (SPRU) Income Statement

Spruce Power Holding reported revenue of $111.81M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 36.2% from $82.11M a year earlier. Spruce Power Holding posted a net loss of $26.03M, compared with a net loss of $70.49M a year earlier. Gross margin was 65.2% and operating margin 16.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $30.35M, down 8.7% from the same quarter a year earlier.

Spruce Power Holding Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Spruce Power Holding Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	111.81	82.11	79.86	23.19	0.00	20.34	20.34	7.22	9.55
Cost of Revenue	38.90	39.97	37.81	9.95	0.00	17.59	-	8.08	11.01
Gross Profit	72.91	42.13	42.05	13.25	0.00	2.74	-	-0.86	-1.47
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	10.78	4.45	-	2.87	1.89
Selling, General & Administrative	55.11	58.89	56.12	73.12	35.09	13.59	-	9.84	9.33
Operating Expenses	84.11	92.53	102.69	72.54	35.09	18.04	-	12.71	11.23
Operating Income	17.94	-50.39	-36.82	-59.29	-35.09	-15.29	-	-13.57	-12.70
Other Income/Expense
Interest Income	20.72	22.76	19.53	1.34	0.00	0.00	-	0.00	0.21
Interest Expense	50.92	40.23	41.94	11.40	0.04	6.37	-	2.15	0.00
Other Income/Expense	-16.82	-19.69	-16.04	-13.55	87.74	-45.31	-	-1.33	-0.21
Income
Income Before Tax	-25.64	-70.08	-62.49	-52.68	52.60	-60.61	-60.61	-14.90	-12.90
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Net Income	-26.03	-70.49	-65.83	-93.93	28.79	-60.61	-60.61	-14.90	-12.90
Net Income - Continuous Operations	-26.03	-70.49	-65.83	-93.93	52.60	-60.61	-	-14.90	-12.90
Net Income - Discontinued Operations	-0.06	0.03	-4.12	-40.11	-23.81	-	-	-	-
EBITDA	44.99	-8.56	8.23	-53.42	52.64	-53.61	-14.89	-12.43	-12.44
EBIT	17.80	-16.76	-13.36	-59.87	52.64	-	-15.29	-	-
Depreciation & Amortization	30.19	21.28	21.59	6.46	0.97	0.62	0.41	0.32	0.26
Earnings Per Share
Basic EPS	-1.00	-4.00	-4.00	-5.00	2.00	-2.00	-6.00	-5.00	-10.00
Diluted EPS	-1.00	-4.00	-4.00	-5.00	2.00	-2.00	-6.00	-5.00	-10.00
Basic Shares Outstanding	18.07	18.47	18.39	17.84	17.31	16.42	10.57	3.49	1.28
Diluted Shares Outstanding	18.07	18.47	18.39	17.84	18.56	16.42	10.57	3.49	1.28

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Spruce Power Holding Financial Statements

What was Spruce Power Holding's revenue in fiscal 2025?

Spruce Power Holding reported revenue of $111.81M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 36.2% from $82.11M a year earlier.

Is Spruce Power Holding profitable?

No. Spruce Power Holding reported a net loss of $26.03M in fiscal 2025. In fiscal 2024 it lost $70.49M.

What is Spruce Power Holding's operating margin?

Spruce Power Holding's operating income was $17.94M on revenue of $111.81M in fiscal 2025, an operating margin of 16.0%, compared with -61.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition