Spruce Power Holding (SPRU) Balance Sheet: Assets & Liabilities

Spruce Power Holding (SPRU) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Spruce Power Holding reported total assets of $837.27M and total liabilities of $716.02M. Shareholders' equity was $121.25M, down 15.6% from $143.71M a year earlier. Total debt stood at $676.77M against $54.84M in cash and short-term investments, a net debt position of $621.93M. That puts debt-to-equity at 5.58, compared with 4.91 a year earlier.

Spruce Power Holding Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Spruce Power Holding Corporation (SPRU) - 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
Current Assets
Cash and Cash Equivalents	54.84	72.80	141.35	220.32	351.68	329.64	329.64	3.39	5.68
Cash & Short-Term Investments	54.84	72.80	141.35	220.32	351.68	329.64	-	3.39	5.68
Accounts Receivable	15.75	15.01	9.19	8.34	6.48	10.56	-	1.16	3.79
Inventory	0.00	0.00	0.00	0.00	15.26	3.57	-	2.24	2.46
Other Current Assets	45.28	6.01	52.80	46.30	0.31	1.55	1.40	0.30	0.63
Total Current Assets	115.87	136.43	203.34	274.96	374.61	345.32	345.32	7.08	12.56
Non-Current Assets
Property, Plant & Equipment (Net)	565.60	593.76	490.34	398.97	0.40	0.58	0.58	0.84	0.67
Long-Term Investments	132.84	136.94	143.10	417.90	0.00	0.00	-	0.00	0.00
Goodwill	0.00	0.00	28.76	128.55	0.00	0.49	0.49	0.49	0.00
Intangible Assets	7.83	8.96	10.20	0.00	1.86	0.59	-	0.81	0.00
Other Non-Current Assets	15.13	0.26	19.29	24.08	18.22	0.03	-	0.03	0.31
Total Non-Current Assets	721.40	762.05	691.68	551.60	18.62	1.69	-	2.17	0.98
Total Assets	837.27	898.48	895.02	826.55	393.22	347.01	347.01	9.25	13.54
Current Liabilities
Accounts Payable	1.92	0.99	1.12	2.90	0.70	4.37	-	0.55	1.64
Short-Term Debt	213.83	28.31	29.08	25.31	0.08	0.11	-	11.89	2.86
Accrued Liabilities	20.31	22.58	40.63	21.51	5.96	-	-	-	-
Deferred Revenue	1.21	1.19	0.88	0.04	0.05	0.93	-	0.64	0.00
Other Current Liabilities	0.56	0.06	39.88	9.10	9.64	3.68	-	2.32	2.85
Total Current Liabilities	238.76	59.57	71.71	59.70	16.63	9.08	9.08	15.49	7.35
Non-Current Liabilities
Long-Term Debt	462.94	677.02	596.60	474.44	0.02	0.10	-	1.85	1.03
Deferred Tax Liabilities	0.00	0.00	0.00	69.35	0.00	0.00	-	0.00	0.00
Other Non-Current Liabilities	10.14	7.67	10.19	1.01	0.54	148.63	-	5.48	4.32
Total Non-Current Liabilities	477.26	692.76	608.64	477.88	14.78	149.03	-	7.46	5.34
Total Liabilities	716.02	752.33	680.35	537.58	31.41	158.12	158.12	22.95	12.70
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.00
Retained Earnings	-354.40	-328.38	-257.89	-193.34	-99.41	-128.20	-128.20	-67.60	-52.68
Treasury Stock	8.10	6.28	5.42	-	-	-	-	-	-
Additional Paid-in Capital	473.23	478.37	470.23	473.29	461.21	317.08	-	53.89	2.52
Minority Interest	2.42	2.44	2.33	9.03	0.00	0.00	-	0.00	0.00
Shares Outstanding	18.17	18.31	18.29	18.05	17.57	-	-	-	-
Total Stockholders' Equity	121.25	143.71	212.34	288.98	361.81	188.90	188.90	-13.70	0.85
Total Liabilities & Equity	837.27	898.48	895.02	826.55	393.22	347.01	-	9.25	13.54

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 Balance Sheet

How much debt does Spruce Power Holding have?

Spruce Power Holding had total debt of $676.77M as of Dec 31, 2025, against $54.84M in cash and short-term investments. Its debt-to-equity ratio was 5.58. Total debt was $705.33M a year earlier.

What are Spruce Power Holding's total assets?

Spruce Power Holding reported total assets of $837.27M as of Dec 31, 2025, down 6.8% from $898.48M a year earlier. Total liabilities were $716.02M.

What is Spruce Power Holding's shareholders' equity?

Spruce Power Holding's shareholders' equity was $121.25M as of Dec 31, 2025, or about $6.67 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition