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SPRUSpruce Power Holding Corporation
$2.90$53M
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SPRU logoSpruce Power Holding Corporation(SPRU)Earnings, Financials & Key Ratios

SPRU•NYSE
Price updated Jun 19, 2026
SectorEnergyIndustrySolarSub-IndustryResidential solar installers and financing
AboutXL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.Show more
  • Revenue$112M+36.2%
  • EBITDA$48M+266.0%
  • Net Income-$26M+63.2%
  • EPS (Diluted)-1.44+62.3%
  • Gross Margin64.31%+25.3%
  • EBITDA Margin43.21%+221.9%
  • Operating Margin15.92%+125.9%
  • Net Margin-23.22%+73.0%
  • ROE-19.42%+50.3%

SPRU Key Insights

Spruce Power Holding Corporation (SPRU) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 15.6%
  • ✓Strong 5Y sales CAGR of 40.6%
  • ✓Share count reduced 2.2% through buybacks
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗High debt to equity ratio of 5.6x
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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SPRU Price & Volume

Spruce Power Holding Corporation (SPRU) stock price & volume — 10-year historical chart

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SPRU Growth Metrics

Spruce Power Holding Corporation (SPRU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years40.62%
3 Years68.93%
TTM26.75%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM83.74%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM83.43%

Return on Capital

10 Years-35.51%
5 Years-6.86%
3 Years-2.67%
Last Year2.48%

SPRU Recent Earnings

Spruce Power Holding Corporation (SPRU) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (67%)●Beat Revenue 9/12 qtrs (82%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$0.16
—
Rev
$23M
—
Q2 2026
Mar 30, 2026
Metric
Actual
Est
EPS
$0.38
—
Rev
$24M+35.0%
$18M
Q4 2025
Nov 11, 2025
Metric
Actual
Est
EPS
$0.04
—
Rev
$31M+35.4%
$23M
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.17
—
Rev
$33M+44.5%
$23M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$0.16
$23M
Q2 2026Mar 30, 2026
$0.38
$24Mvs $18M+35.0%
Q4 2025Nov 11, 2025
$0.04
$31Mvs $23M+35.4%
Q3 2025Aug 11, 2025
$0.17
$33Mvs $23M+44.5%
Based on last 12 quarters of dataView full earnings history →

SPRU Peer Comparison

Spruce Power Holding Corporation (SPRU) competitors in Residential solar installers and financing — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RUN logoRUNSunrun Inc.Direct Competitor3.23B13.527.9145.11%17.9%12.42%2.99
SHLS logoSHLSShoals Technologies Group, Inc.Direct Competitor1.75B10.4252.1019.07%6.27%5.67%0.29
SEDG logoSEDGSolarEdge Technologies, Inc.Product Competitor3.53B58.05-8.4131.39%-28.56%-79.58%0.99
ENPH logoENPHEnphase Energy, Inc.Product Competitor6.89B52.2840.5310.72%9.64%13.28%1.14
ARRY logoARRYArray Technologies, Inc.Product Competitor1.23B8.00-10.9640.22%-5.56%-20.64%2.94
FTCI logoFTCIFTC Solar, Inc.Product Competitor82.27M5.14-0.94110.51%-42.13%
SPWR logoSPWRSunPower Inc.Product Competitor127.72M0.78-11.662.92%-8.66%
NEE logoNEENextEra Energy, Inc.Supply Chain180.9B86.7526.3711%29.3%12.66%1.44

Compare SPRU vs Peers

Spruce Power Holding Corporation (SPRU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RUN

Most directly comparable listed peer for SPRU.

Scale Benchmark

vs NEE

Larger-name benchmark to compare SPRU against a more recognizable public peer.

Peer Set

Compare Top 5

vs RUN, SHLS, SEDG, ENPH

SPRU Income Statement

Spruce Power Holding Corporation (SPRU) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
9.54M7.21M20.34M15.6M23.19M79.86M82.11M111.81M111.41M
Revenue Growth %
--24.41%181.89%-23.3%48.68%244.31%2.81%36.18%26.75%
Cost of Goods Sold
11.01M8.07M17.59M16.3M9.95M37.81M39.97M39.9M37.46M
COGS % of Revenue
115.39%111.92%86.51%104.46%42.89%47.35%48.69%35.69%-
Gross Profit
-1.47M▲ 0%
-860K▲ 41.5%
2.74M▲ 419.1%
-696K▼ 125.4%
13.24M▲ 2003.0%
42.05M▲ 217.4%
42.13M▲ 0.2%
71.91M▲ 70.7%
73.95M▲ 0%
Gross Margin %
-15.39%-11.92%13.49%-4.46%57.11%52.65%51.31%64.31%66.38%
Gross Profit Growth %
-41.46%419.07%-125.36%2003.02%217.45%0.21%70.67%-
Operating Expenses
11.23M12.71M18.04M58.21M72.54M78.86M92.53M54.11M51.3M
OpEx % of Revenue
117.61%176.15%88.69%373.14%312.74%98.75%112.69%48.4%-
Selling, General & Admin
9.33M9.84M13.59M47.44M73.12M058.89M54.11M51.3M
SG&A % of Revenue
97.78%136.31%66.84%304.07%315.25%-71.72%48.4%-
Research & Development
1.89M2.87M4.45M10.78M00000
R&D % of Revenue
19.83%39.83%21.86%69.07%-----
Other Operating Expenses
0000-580K78.86M33.64M00
Operating Income
-12.7M▲ 0%
-13.57M▼ 6.9%
-15.29M▼ 12.7%
-58.91M▼ 285.2%
-59.29M▼ 0.7%
-36.82M▲ 37.9%
-50.39M▼ 36.9%
17.8M▲ 135.3%
22.66M▲ 0%
Operating Margin %
-133%-188.07%-75.2%-377.6%-255.64%-46.1%-61.37%15.92%20.33%
Operating Income Growth %
--6.88%-12.71%-285.16%-0.66%37.91%-36.87%135.31%-
EBITDA
-12.44M-13.25M-14.67M-58.25M-52.84M-15.23M-29.11M48.31M53.14M
EBITDA Margin %
-130.28%-183.65%-72.14%-373.42%-227.8%-19.07%-35.45%43.21%47.7%
EBITDA Growth %
--6.55%-10.73%-297.04%9.3%71.17%-91.12%265.98%305.95%
D&A (Non-Cash Add-back)
260K319K622K653K6.46M21.59M21.28M30.52M30.49M
EBIT
-12.7M-12.75M-54.24M52.64M-41.28M-13.36M-29.85M17.8M22.66M
Net Interest Income
0-2.15M-6.37M-39K-10.06M-22.4M-17.47M-30.2M-30.3M
Interest Income
208K0001.34M19.53M22.76M20.72M20.23M
Interest Expense
02.15M6.37M39K11.4M41.94M40.23M50.92M50.54M
Other Income/Expense
-208K-1.33M-45.31M110.41M6.61M-25.67M-19.68M-43.44M-35.84M
Pretax Income
-12.9M▲ 0%
-14.9M▼ 15.5%
-60.61M▼ 306.7%
51.51M▲ 185.0%
-52.68M▼ 202.3%
-62.49M▼ 18.6%
-70.08M▼ 12.1%
-25.64M▲ 63.4%
-13.19M▲ 0%
Pretax Margin %
-135.18%-206.53%-297.99%330.18%-227.12%-78.25%-85.35%-22.93%-11.84%
Income Tax
000-1.09M00000
Effective Tax Rate %
0%0%0%-2.12%0%0%0%0%0%
Net Income
-12.9M▲ 0%
-14.9M▼ 15.5%
-60.61M▼ 306.7%
28.79M▲ 147.5%
-93.93M▼ 426.3%
-65.83M▲ 29.9%
-70.49M▼ 7.1%
-25.96M▲ 63.2%
-13.56M▲ 0%
Net Margin %
-135.18%-206.53%-297.99%184.55%-404.98%-82.43%-85.85%-23.22%-12.17%
Net Income Growth %
--15.48%-306.72%147.5%-426.26%29.92%-7.08%63.17%83.74%
Net Income (Continuing)
-12.9M-14.9M-60.61M52.6M-52.68M-62.49M-70.08M-25.64M-13.19M
Discontinued Operations
0000-40.11M-4.12M25K00
Minority Interest
00009.03M2.33M2.44M2.42M0
EPS (Diluted)
-10.07▲ 0%
-4.89▲ 51.4%
-2.96▲ 39.5%
1.66▲ 156.1%
-2.59▼ 256.0%
-3.58▼ 38.2%
-3.82▼ 6.7%
-1.44▲ 62.3%
-0.75▲ 0%
EPS Growth %
-51.44%39.47%156.08%-256.02%-38.22%-6.7%62.3%83.43%
EPS (Basic)
-10.07-4.89-2.961.66-2.59-3.58-3.82-1.44-
Diluted Shares Outstanding
1.28M3.49M10.57M18.56M17.84M18.39M18.47M18.07M18.17M
Basic Shares Outstanding
1.28M3.49M10.57M17.31M17.84M18.39M18.47M18.07M18.17M
Dividend Payout Ratio
---------

SPRU Balance Sheet

Spruce Power Holding Corporation (SPRU) balance sheet — assets, liabilities & shareholders' equity

MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
12.56M7.08M345.32M374.61M274.96M203.34M136.43M115.87M111.35M
Cash & Short-Term Investments
5.68M3.39M329.64M351.68M240.14M141.35M72.8M54.84M50.02M
Cash Only
5.68M3.39M329.64M351.68M240.14M141.35M72.8M54.84M50.02M
Short-Term Investments
000000000
Accounts Receivable
3.79M1.16M10.56M08.34M9.19M15.01M15.75M18.81M
Days Sales Outstanding
144.9758.63189.5-131.1841.9966.7351.4159.04
Inventory
2.46M2.24M3.57M15.26M00000
Days Inventory Outstanding
81.36101.2574.15341.84-----
Other Current Assets
226K150K150K6.63M26.48M52.8M48.62M45.28M42.52M
Total Non-Current Assets
983K2.17M1.69M18.62M620.95M691.68M762.05M721.4M713.02M
Property, Plant & Equipment
670K840K579K8.06M3.14M490.34M593.76M565.6M557.05M
Fixed Asset Turnover
14.25x8.59x35.13x1.94x7.38x0.16x0.14x0.20x0.20x
Goodwill
0489K489K8.61M128.55M28.76M000
Intangible Assets
0809K593K1.86M010.2M8.96M7.83M7.55M
Long-Term Investments
000-34.93M417.89M143.09M136.94M61.4M343.38M
Other Non-Current Assets
313K30K32K88K2.01M19.29M22.39M86.57M148.42M
Total Assets
13.54M▲ 0%
9.25M▼ 31.7%
347.01M▲ 3651.9%
393.22M▲ 13.3%
895.9M▲ 127.8%
895.02M▼ 0.1%
898.48M▲ 0.4%
837.27M▼ 6.8%
824.37M▲ 0%
Asset Turnover
0.70x0.78x0.06x0.04x0.03x0.09x0.09x0.13x0.13x
Asset Growth %
--31.7%3651.9%13.32%127.84%-0.1%0.39%-6.81%-6.2%
Total Current Liabilities
7.35M15.49M9.08M16.63M59.7M71.71M59.57M238.76M231.01M
Accounts Payable
1.64M549K4.37M697K2.9M1.12M987K1.92M1.14M
Days Payables Outstanding
54.2824.8290.715.61106.5410.819.0117.5313.3
Short-Term Debt
2.86M11.89M110K78K26.15M27.91M28.31M214.77M208.87M
Deferred Revenue (Current)
0638K926K691K39K878K1.19M1.21M4.74M
Other Current Liabilities
1.51M398K75K13.29M24.08M3.24M5.61M20.86M19.84M
Current Ratio
1.71x0.46x38.02x22.52x4.61x2.84x2.29x0.49x0.48x
Quick Ratio
1.37x0.31x37.62x21.60x4.61x2.84x2.29x0.49x0.48x
Cash Conversion Cycle
172.04135.07172.94-----45.74
Total Non-Current Liabilities
5.34M7.46M149.03M14.78M547.23M608.64M692.76M477.26M474.02M
Long-Term Debt
1.02M1.85M98K21K474.44M590.87M677.02M462.94M464.29M
Capital Lease Obligations
00091K2.43M5.73M4.85M4.18M13.26M
Deferred Tax Liabilities
000069.35M0000
Other Non-Current Liabilities
4.32M5.48M148.63M14.67M560K10.19M8.1M6.3M9.72M
Total Liabilities
12.7M22.95M158.12M31.41M606.93M680.35M752.33M716.02M705.03M
Total Debt
3.89M13.73M208K4.6M503.01M625.68M711.07M681.89M673.16M
Net Debt
-1.79M10.35M-329.43M-347.08M262.87M484.32M638.27M627.05M623.14M
Debt / Equity
4.60x-0.00x0.01x1.74x2.91x4.87x5.62x5.64x
Debt / EBITDA
-------14.11x12.67x
Net Debt / EBITDA
-------12.98x11.73x
Interest Coverage
--5.93x-8.51x1349.77x-3.62x-0.32x-0.74x0.35x0.45x
Total Equity
846K▲ 0%
-13.7M▼ 1719.4%
188.9M▲ 1478.8%
361.81M▲ 91.5%
288.98M▼ 20.1%
214.67M▼ 25.7%
146.15M▼ 31.9%
121.25M▼ 17.0%
119.34M▲ 0%
Equity Growth %
--1719.39%1478.8%91.54%-20.13%-25.71%-31.92%-17.04%-79.53%
Book Value per Share
0.66-3.9317.8719.4916.2011.677.916.716.57
Total Shareholders' Equity
846K-13.7M188.9M361.81M279.95M212.34M143.71M118.83M119.34M
Common Stock
1K8K13K14K14K2K2K2K2K
Retained Earnings
-52.68M-67.59M-128.2M-99.41M-193.34M-257.89M-328.38M-354.4M-357.33M
Treasury Stock
00000-5.42M-6.28M-8.1M0
Accumulated OCI
000000000
Minority Interest
00009.03M2.33M2.44M2.42M0

SPRU Cash Flow Statement

Spruce Power Holding Corporation (SPRU) cash flow — operating, investing & free cash flow history

MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-13.29M-11.55M-19.88M-48.49M-63.49M-33.66M-41.81M-3.53M989K
Operating CF Margin %
-139.26%-160.1%-97.75%-310.86%-273.73%-42.15%-50.92%-3.16%-
Operating CF Growth %
-13.1%-72.11%-143.92%-30.92%46.98%-24.21%91.56%1348.55%
Net Income
-12.9M-14.9M-60.61M28.79M-53.82M-62.49M-70.08M-25.71M-13.56M
Depreciation & Amortization
260K319K622K72K7.5M21.59M21.28M-317K23.48M
Stock-Based Compensation
305K208K978K7.88M02.88M2.71M2.96M2.13M
Deferred Taxes
0-797K0000000
Other Non-Cash Items
859K1.68M44.37M-84.81M-18.6M-5.55M18.52M27.97M-2.9M
Working Capital Changes
-1.81M1.94M-5.24M-424K1.43M9.9M-14.25M-8.44M-8.46M
Change in Receivables
-2.1M2.61M-9.4M0553K85K-3.49M-2.04M-247K
Change in Inventory
-525K215K-1.33M000000
Change in Payables
0-1.09M3.82M0-1.7M-1.78M-133K929K360K
Cash from Investing
-146K-28K-145K-14.83M-37.29M-16.73M-101.41M24.78M25.94M
Capital Expenditures
-146K-28K-145K00-499K-354K-221K-134K
CapEx % of Revenue
1.53%0.39%0.71%--0.62%0.43%0.2%0.12%
Acquisitions
0000-38.58M-43.1M-132.76M275K-725K
Investments
---------
Other Investing
0230M0-14.83M1.29M6.62M6.09M02.71M
Cash from Financing
6.51M9.21M346.28M85.36M-10.9M-16.81M79.43M-37.25M-37.77M
Debt Issued (Net)
928K9.39M-6.33M0-9.54M-11.61M83.9M-35.1M-36.43M
Equity Issued (Net)
00144.89M0630K-5.27M-853K-1.82M-1.01M
Dividends Paid
0-10K0000000
Share Repurchases
0-231.25M000-5.42M-853K-1.82M-1.01M
Other Financing
5.59M-174K207.72M85.36M-1.99M79K-3.62M-336K-330K
Net Change in Cash
-6.92M▲ 0%
-2.37M▲ 65.8%
326.25M▲ 13860.2%
22.04M▼ 93.2%
-111.68M▼ 606.8%
-67.2M▲ 39.8%
-63.79M▲ 5.1%
-16M▲ 74.9%
-10.84M▲ 0%
Free Cash Flow
-13.44M▲ 0%
-11.58M▲ 13.8%
-20.03M▼ 73.0%
-48.49M▼ 142.2%
-63.49M▼ 30.9%
-34.16M▲ 46.2%
-42.16M▼ 23.4%
-3.75M▲ 91.1%
855K▲ 0%
FCF Margin %
-140.79%-160.49%-98.47%-310.86%-273.73%-42.78%-51.35%-3.35%0.77%
FCF Growth %
-13.83%-72.95%-142.16%-30.92%46.2%-23.43%91.1%102.94%
FCF per Share
-10.48-3.32-1.89-2.61-3.56-1.86-2.28-0.210.05
FCF Conversion (FCF/Net Income)
1.03x0.78x0.33x-1.68x0.68x0.51x0.59x0.14x-0.06x
Interest Paid
00389K48K037.48M35.06M014.43M
Taxes Paid
000000000

SPRU Key Ratios

Spruce Power Holding Corporation (SPRU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2019202020212022202320242025TTM
Return on Equity (ROE)
--69.19%10.46%-28.87%-26.14%-39.07%-19.42%-10.95%
Return on Invested Capital (ROIC)
---299.89%-15.7%-4.42%-5.1%1.74%2.28%
Gross Margin
-11.92%13.49%-4.46%57.11%52.65%51.31%64.31%66.38%
Net Margin
-206.53%-297.99%184.55%-404.98%-82.43%-85.85%-23.22%-12.17%
Debt / Equity
-0.00x0.01x1.74x2.91x4.87x5.62x5.64x
Interest Coverage
-5.93x-8.51x1349.77x-3.62x-0.32x-0.74x0.35x0.45x
FCF Conversion
0.78x0.33x-1.68x0.68x0.51x0.59x0.14x-0.06x
Revenue Growth
-24.41%181.89%-23.3%48.68%244.31%2.81%36.18%26.75%
Related:SPRU Dividend History·SPRU Revenue History·SPRU Price History·SPRU P/E History·SPRU Financial Ratios·SPRU Institutional Holders

SPRU SEC Filings & Documents

Spruce Power Holding Corporation (SPRU) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 14, 2026·SEC

Material company update

Apr 3, 2026·SEC

Material company update

Mar 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Apr 9, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 14, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 12, 2025·SEC

SPRU Frequently Asked Questions

Spruce Power Holding Corporation (SPRU) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Spruce Power Holding Corporation (SPRU) reported $111.4M in revenue for fiscal year 2025. This represents a 1067% increase from $9.5M in 2018.

Spruce Power Holding Corporation (SPRU) grew revenue by 36.2% over the past year. This is strong growth.

Spruce Power Holding Corporation (SPRU) reported a net loss of $13.6M for fiscal year 2025.

Dividend & Returns

Spruce Power Holding Corporation (SPRU) has a return on equity (ROE) of -19.4%. Negative ROE indicates the company is unprofitable.

Spruce Power Holding Corporation (SPRU) generated $0.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SPRU back in 2018?

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How much would $100/month in SPRU be worth today?

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