Spruce Power Holding Corporation financials
Source: EDGAR filings · Built 2026-06-02T04:05:10Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.75M | -42.16M | -34.33M | -63.73M | -52.13M | -20.03M |
| EBITDA | 48.13M | -26.01M | -15.23M | -52.84M | -35.09M | -14.67M |
| Working Capital | -122.89M | 76.86M | 131.63M | 215.26M | 357.97M | 336.24M |
| Net Debt | 645.80M | 663.56M | 512.26M | 316.11M | -348.53M | -329.53M |
| Gross Margin | — | — | 52.65% | 57.11% | — | 13.49% |
| Operating Margin | 16.04% | -61.37% | -46.10% | -255.64% | — | -75.20% |
| Net Margin | -23.28% | -85.85% | -82.43% | -404.98% | — | -297.99% |
| Return on Equity (ROE) | -21.90% | -49.05% | -30.67% | -32.51% | 7.96% | -32.08% |
| Return on Assets (ROA) | -3.11% | -7.85% | -7.36% | -11.36% | 7.32% | -17.47% |
| Current Ratio | 0.49× | 2.29× | 2.84× | 4.61× | 22.52× | 38.02× |
| Debt-to-Equity | 5.90× | 5.12× | 3.04× | 1.86× | 0.01× | 0.00× |
| Cash Conversion Ratio | 0.14× | 0.59× | 0.51× | 0.68× | -1.68× | 0.33× |
| Accruals Ratio | -0.03× | -0.03× | -0.04× | -0.04× | 0.20× | -0.12× |
| SBC % of Revenue | 2.65% | 3.30% | 3.61% | 43.10% | — | 4.81% |
| CapEx Coverage | -15.97× | -118.11× | -50.69× | -266.76× | -13.32× | -137.11× |
| Free Cash Flow Per Share | $-0.21 | $-2.28 | $-1.87 | $-3.57 | $-0.35 | $-0.24 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | 17.42× | — |
| EV / EBITDA | 15.34× | — | — | — | — | — |
| P/S | 0.83× | 0.66× | 1.01× | 0.72× | — | 153.27× |
| P/B | 0.78× | 0.38× | 0.38× | 0.06× | 1.29× | 16.50× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 111.81M | 82.11M | 79.86M | 23.19M | — | — |
| Revenues | — | — | — | 23.19M | 0 | 20.34M |
| Cost of Revenue | — | — | 37.81M | 9.95M | 16.30M | 17.59M |
| Gross Profit | — | — | — | — | -696.00K | 2.74M |
| Research and Development Expense | — | — | — | — | 10.78M | 4.45M |
| Selling, General and Administrative Expense | 55.11M | 58.89M | 56.12M | 73.12M | 35.09M | 13.59M |
| Operating Expenses | — | — | — | 83.07M | 35.09M | — |
| Operating Income (Loss) | 17.94M | -50.39M | -36.82M | -59.29M | -35.09M | -15.29M |
| Income Tax Expense (Benefit) | 0 | — | — | — | — | — |
| Net Income (Loss) Attributable to Parent | -26.03M | -70.49M | -65.83M | -93.93M | 28.79M | -60.61M |
| Earnings Per Share, Basic | $-1.44 | $-3.82 | $-3.58 | $-5.27 | $0.21 | $-0.72 |
| Weighted Average Number of Shares Outstanding, Basic | 18.07M | 18.47M | 18.39M | 17.84M | 138.46M | 84.57M |
| Earnings Per Share, Diluted | $-1.44 | $-3.82 | $-3.58 | $-5.27 | $0.19 | $-0.72 |
| Weighted Average Number of Shares Outstanding, Diluted | 18.07M | 18.47M | 18.39M | 17.84M | 148.51M | 84.57M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 54.84M | 72.80M | 141.35M | 220.32M | 351.68M | 329.64M |
| Assets, Current | 115.87M | 136.43M | 203.34M | 274.96M | 374.61M | 345.32M |
| Assets | 837.27M | 898.48M | 895.02M | 826.55M | 393.22M | 347.01M |
| Long-term Debt | 695.52M | 730.62M | 646.72M | 533.17M | 21.00K | 98.00K |
| Liabilities, Current | 238.76M | 59.57M | 71.71M | 59.70M | 16.63M | 9.08M |
| Long-term Debt, Excluding Current Maturities | 462.94M | 677.02M | 590.87M | 474.44M | 0 | 98.00K |
| Liabilities | 716.02M | 752.33M | 680.35M | 537.58M | 31.41M | 158.12M |
| Stockholders' Equity Attributable to Parent | 118.83M | 143.71M | — | — | 361.81M | 188.90M |
| Common Stock, Shares, Outstanding | 18.17M | 18.31M | 18.29M | 18.05M | 140.54M | 131.37M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.53M | -41.81M | -33.66M | -63.49M | -48.49M | -19.88M |
| Payments to Acquire Property, Plant, and Equipment | 221.00K | 354.00K | 499.00K | 0 | 3.64M | 145.00K |
| Net Cash Provided by (Used in) Investing Activities | 24.78M | -101.41M | -16.73M | -29.01M | -14.83M | -145.00K |
| Net Cash Provided by (Used in) Financing Activities | -37.25M | 79.43M | -16.81M | -19.19M | 85.36M | 346.28M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -2.70M | -3.30M | -448.00K | -11.65M | -9.21M | -13.63M |
| EBITDA | 11.36M | 9.58M | — | — | 5.85M | -353.00K |
| Working Capital | -119.67M | -122.89M | -121.66M | -120.19M | 66.47M | 76.86M |
| Net Debt | 642.22M | 645.80M | 657.32M | 669.12M | 667.32M | 663.56M |
| Operating Margin | 16.43% | 9.36% | 27.61% | 26.78% | -7.12% | -31.85% |
| Net Margin | -12.49% | -28.56% | -2.80% | -8.92% | -64.35% | -29.31% |
| Return on Equity (ROE) | -2.50% | -5.78% | -0.69% | -2.37% | -11.73% | -4.12% |
| Return on Assets (ROA) | -0.35% | -0.82% | -0.10% | -0.34% | -1.75% | -0.66% |
| Current Ratio | 0.48× | 0.49× | 0.51× | 0.50× | 2.12× | 2.29× |
| Debt-to-Equity | 5.92× | 5.90× | 5.69× | 5.78× | 5.58× | 5.12× |
| Cash Conversion Ratio | 0.92× | 0.48× | 0.27× | 3.87× | 0.59× | 2.27× |
| Accruals Ratio | -0.00× | -0.00× | -0.00× | 0.01× | -0.01× | 0.01× |
| SBC % of Revenue | 4.33% | 3.49% | 6.91% | 4.20% | 3.47% | 4.71% |
| CapEx Coverage | — | -3302.00× | -1.04× | -62.32× | -104.87× | -78.24× |
| Free Cash Flow Per Share | $-0.15 | $-0.18 | $-0.02 | $-0.65 | $-0.51 | $-0.74 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 23.42M | 24.03M | 30.73M | 33.24M | 23.83M | 20.23M |
| Selling, General and Administrative Expense | 11.58M | 12.97M | 12.94M | 15.10M | 14.67M | 15.46M |
| Operating Income (Loss) | 3.85M | 2.25M | 8.48M | 8.90M | -1.70M | -6.44M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | — |
| Net Income (Loss) Attributable to Parent | -2.92M | -6.86M | -860.00K | -2.97M | -15.34M | -5.93M |
| Earnings Per Share, Basic | $-0.16 | $-0.38 | $-0.05 | $-0.17 | $-0.84 | $-0.32 |
| Weighted Average Number of Shares Outstanding, Basic | 18.17M | 18.07M | 18.00M | 17.92M | 18.19M | 18.47M |
| Earnings Per Share, Diluted | $-0.16 | $-0.38 | $-0.05 | $-0.17 | $-0.84 | $-0.32 |
| Weighted Average Number of Shares Outstanding, Diluted | 18.17M | 18.07M | 18.00M | 17.92M | 18.19M | 18.47M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 50.02M | 54.84M | 53.65M | 53.51M | 61.92M | 72.80M |
| Assets, Current | 111.35M | 115.87M | 125.43M | 119.30M | 125.87M | 136.43M |
| Assets | 824.37M | 837.27M | 857.06M | 862.63M | 877.99M | 898.48M |
| Long-term Debt | 687.34M | 695.52M | 705.61M | 717.06M | 723.77M | 730.62M |
| Liabilities, Current | 231.01M | 238.76M | 247.09M | 239.49M | 59.40M | 59.57M |
| Long-term Debt, Excluding Current Maturities | 460.34M | 462.94M | 466.76M | 479.42M | 671.77M | 677.02M |
| Liabilities | 705.03M | 716.02M | 729.72M | 735.22M | 747.21M | 752.33M |
| Stockholders' Equity Attributable to Parent | 116.92M | 118.83M | 124.85M | 124.99M | — | 143.71M |
| Common Stock, Shares, Outstanding | 18.17M | 18.17M | 18.17M | 17.83M | 18.04M | 18.31M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -2.70M | -3.30M | -228.00K | -11.47M | -9.12M | -13.46M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 1.00K | 220.00K | 184.00K | 87.00K | 172.00K |
| Net Cash Provided by (Used in) Investing Activities | 5.33M | 7.88M | 16.90M | 8.30M | 4.18M | -124.81M |
| Net Cash Provided by (Used in) Financing Activities | -10.16M | -10.20M | -27.05M | -15.52M | -7.73M | 97.44M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SPRU CIK 0001772720),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.