Spruce Power Holding Corp
SPRU- Exchange
- NYSE
- Industry
- Electric Services
- SEC CIK
- 0001772720
In the last 90 days, Spruce Power Holding Corp insiders filed 1 open-market purchase and 0 sales; 46 institutions reported holding it in 13F filings for Q2 2026, worth $16.7M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 14, 2026, 1:25 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $26.0M (23.3% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K/A | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 30, 2026 | – | Mar 14, 2024 | Mar 23, 2023 | Mar 1, 2022 |
| Revenue | $111.8M | $82.1M | $79.9M | $23.2M | $15.6M |
| Cost of revenue | – | – | $37.8M | – | $16.3M |
| Gross profit | – | – | – | – | -$696.0K |
| Operating expenses | – | – | – | $83.1M | – |
| Research and development | – | – | – | – | $10.8M |
| Selling, general and administrative | $55.1M | $58.9M | $56.1M | $73.1M | $47.4M |
| Operating income | $17.9M | -$50.4M | -$36.8M | -$59.9M | -$58.9M |
| Interest expense | – | – | $41.9M | – | $37.0K |
| Income tax | $0 | – | – | – | – |
| Net income | -$26.0M | -$70.5M | -$65.8M | -$93.9M | $28.8M |
| EPS, basic | $-1.44 | $-3.82 | $-3.58 | $-0.66 | $0.21 |
| EPS, diluted | $-1.44 | $-3.82 | $-3.58 | $-0.66 | $0.19 |
| Weighted shares, basic | 18.1M | 18.5M | 18.4M | 142.7M | 138.5M |
| Weighted shares, diluted | 18.1M | 18.5M | 18.4M | 142.7M | 148.5M |
| Margins and growth | |||||
| Gross margin | – | – | – | – | -4.5% |
| Operating margin | 16.0% | -61.4% | -46.1% | -258.1% | -377.6% |
| Net margin | -23.3% | -85.9% | -82.4% | -405.0% | 184.6% |
| Revenue growth, year over year | +36.2% | +2.8% | +244.3% | +48.7% | −23.3% |
| Net income growth, year over year | – | – | – | −426.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K/A | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 30, 2026 | – | Mar 14, 2024 | Mar 23, 2023 | Mar 1, 2022 |
| Cash and equivalents | $54.8M | $72.8M | $141.4M | $220.3M | $351.7M |
| Accounts receivable | $15.7M | $15.0M | $9.19M | $8.34M | $6.48M |
| Inventory | – | – | – | – | $15.3M |
| Total current assets | $115.9M | $136.4M | $203.3M | $275.0M | $374.6M |
| Property, plant and equipment | $561.4M | $589.0M | $484.4M | $395.8M | $3.50M |
| Goodwill | – | $0 | $28.8M | $128.5M | $8.61M |
| Intangible assets | $7.83M | $8.96M | $10.2M | – | $4.87M |
| Total assets | $837.3M | $898.5M | $895.0M | $826.6M | $393.2M |
| Accounts payable | $1.92M | $987.0K | $1.12M | $2.90M | $3.80M |
| Short-term debt | $213.8M | $28.3M | $27.9M | $25.3M | $78.0K |
| Total current liabilities | $238.8M | $59.6M | $71.7M | $59.7M | $16.6M |
| Long-term debt | $462.9M | $677.0M | $590.9M | $474.4M | $21.0K |
| Total liabilities | $716.0M | $752.3M | $680.4M | $537.6M | $31.4M |
| Shareholders' equity | $121.3M | $146.2M | $214.7M | $288.9M | $361.8M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K/A | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 30, 2026 | – | Mar 14, 2024 | Mar 23, 2023 | Mar 1, 2022 |
| Operating cash flow | -$3.53M | -$41.8M | -$33.7M | – | -$48.5M |
| Capital expenditures | $221.0K | $354.0K | $499.0K | – | $3.64M |
| Free cash flow | -$3.75M | -$42.2M | -$34.2M | – | -$52.1M |
| Depreciation and amortization | $30.2M | $21.3M | $21.6M | $6.42M | $1.76M |
| Stock-based compensation | $2.96M | $2.71M | $2.88M | $10.0M | $7.88M |
| Investing cash flow | $24.8M | -$101.4M | -$16.7M | – | -$14.8M |
| Financing cash flow | -$37.3M | $79.4M | -$16.8M | – | $85.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.6% | 3.3% | 3.6% | 43.1% | 50.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 9, 2026 | 19.3M | +6.2% | SEC |
| Aug 10, 2026 | 19.3M | +7.9% | SEC |
| May 7, 2026 | 18.4M | +3.0% | SEC |
| Apr 8, 2026 | 18.3M | +1.4% | SEC |
| Mar 19, 2026 | 18.2M | +0.5% | SEC |
| Nov 5, 2025 | 18.2M | −2.3% | SEC |
| Aug 5, 2025 | 17.8M | −3.9% | SEC |
| May 12, 2025 | 17.8M | −3.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 1-for-8 in Q4 2023.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.