NYSE : SPRU
Spruce Power Holding Corporation — Financial statements
Technology · Solar · United States
Last price 1.3 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 25.03M
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Financial statements
Spruce Power Holding Corporation (SPRU) reported revenue of 108.49M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 108.49M | 111.81M | 82.11M | 79.86M | 23.19M | |
| Selling, General & Admin | 48.07M | 55.11M | 58.89M | 55.40M | 73.12M | 35.09M |
| Other Operating Expenses | 36.45M | 38.90M | 39.97M | 37.81M | 9.95M | |
| Total Operating Expenses | 84.52M | 94.02M | 98.86M | 93.22M | 83.07M | 35.09M |
| Operating Income | 23.97M | 17.80M | -16.76M | -13.36M | -59.87M | -35.09M |
| Interest Expense | -50.20M | -63.60M | -42.98M | -46.75M | -5.85M | -39.00K |
| Interest Income | 19.88M | 20.72M | 22.76M | 19.53M | 1.34M | |
| Net Interest Expense | -30.33M | -42.88M | -20.23M | -27.22M | -4.51M | -39.00K |
| Other Non-Operating Income (Expenses) | -891.00K | -699.00K | 542.00K | 1.55M | 6.59M | 90.76M |
| EBT Excluding Unusual Items | -7.25M | -25.79M | -36.44M | -39.03M | -57.79M | 55.63M |
| Restructuring Charges | -719.00K | |||||
| Impairment of Goodwill | -28.76M | |||||
| Gain (Loss) on Sale of Assets | 2.11M | 1.85M | 2.50M | 4.72M | 580.00K | -26.00K |
| Asset Writedown | -3.00M | |||||
| Legal Settlements | -1.71M | -1.71M | -7.38M | -27.46M | ||
| Other Unusual Items | 4.53M | |||||
| Pretax Income | -6.84M | -25.64M | -70.08M | -62.49M | -52.68M | 52.60M |
| Earnings From Continuing Ops. | -6.84M | -25.64M | -70.08M | -62.49M | -52.68M | 52.60M |
| Earnings From Discontinued Ops. | -64.00K | -64.00K | 25.00K | -4.12M | -40.11M | -23.81M |
| Net Income to Company | -6.91M | -25.71M | -70.05M | -66.61M | -92.79M | 28.79M |
| Minority Interest in Earnings | -421.00K | -320.00K | -436.00K | 779.00K | -1.14M | |
| Net Income | -7.33M | -26.03M | -70.49M | -65.83M | -93.93M | 28.79M |
| Net Income to Common | -7.33M | -26.03M | -70.49M | -65.83M | -93.93M | 28.79M |
| Shares Outstanding (Basic) | 18.24M | 18.07M | 18.47M | 18.39M | 17.84M | 17.31M |
| Shares Outstanding (Diluted) | 18.24M | 18.07M | 18.47M | 18.39M | 17.84M | 18.56M |
| EPS (Basic) | -0.40 | -1.44 | -3.82 | -3.58 | -5.27 | 1.66 |
| EPS (Diluted) | -0.40 | -1.44 | -3.82 | -3.58 | -5.27 | 1.52 |
| Free Cash Flow | 1.98M | -3.75M | -42.16M | -34.16M | -63.49M | -48.49M |
| Free Cash Flow Per Share | 0.11 | -0.21 | -2.28 | -1.86 | -3.56 | -2.61 |
| Profit Margin | -6.76% | -23.28% | -85.85% | -82.43% | -404.98% | |
| Free Cash Flow Margin | 1.82% | -3.36% | -51.35% | -42.77% | -273.73% | |
| EBITDA | 52.37M | 44.99M | 4.53M | 8.23M | -53.42M | -34.13M |
| EBITDA Margin | 48.27% | 40.24% | 5.51% | 10.30% | -230.30% | |
| D&A For EBITDA | 28.40M | 27.20M | 21.28M | 21.59M | 6.46M | 965.00K |
| EBIT | 23.97M | 17.80M | -16.76M | -13.36M | -59.87M | -35.09M |
| EBIT Margin | 22.10% | 15.92% | -20.41% | -16.73% | -258.14% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 44.66M | 54.84M | 72.80M | 141.35M | 220.32M | 351.68M |
| Trading Asset Securities | 4.36M | 3.79M | 6.26M | 11.33M | 10.18M | |
| Accounts Receivable | 25.72M | 15.75M | 15.01M | 9.19M | 8.34M | |
| Prepaid Expenses | 2.71M | 3.19M | 6.01M | 9.88M | 5.32M | 310.00K |
| Restricted Cash | 36.88M | 38.30M | 36.35M | 31.59M | 19.82M | 150.00K |
| Total Current Assets | 114.33M | 115.87M | 136.43M | 203.34M | 274.96M | 374.61M |
| Property, Plant & Equipment | 548.59M | 565.60M | 593.76M | 490.34M | 398.97M | 398.00K |
| Goodwill | 28.76M | 128.55M | ||||
| Other Intangible Assets | 7.27M | 7.83M | 8.96M | 10.20M | ||
| Long-Term Investments | 142.35M | 142.83M | 155.36M | 159.65M | 22.07M | |
| Other Long-Term Assets | 5.87M | 5.14M | 3.97M | 2.71M | 2.01M | |
| Total Assets | 818.40M | 837.27M | 898.48M | 895.02M | 826.55M | 393.22M |
| Accounts Payable | 1.41M | 1.92M | 987.00K | 1.12M | 2.90M | 697.00K |
| Accrued Expenses | 14.03M | 15.86M | 20.13M | 18.58M | 18.56M | 2.52M |
| Current Portion of Long-Term Debt | 269.79M | 214.37M | 28.31M | 27.91M | 25.31M | |
| Current Unearned Revenue | 1.15M | 1.21M | 1.19M | 878.00K | 39.00K | |
| Current Portion of Leases | 941.00K | 945.00K | 892.00K | 1.17M | 834.00K | 51.00K |
| Current Income Taxes Payable | 1.73M | 1.44M | 1.14M | 752.00K | ||
| Other Current Liabilities | 341.00K | 3.01M | 6.92M | 21.30M | 12.05M | 13.37M |
| Total Current Liabilities | 289.38M | 238.76M | 59.57M | 71.71M | 59.70M | 16.63M |
| Long-Term Debt | 393.41M | 464.57M | 677.41M | 591.71M | 474.44M | |
| Long-Term Leases | 3.72M | 4.18M | 4.85M | 5.73M | 2.43M | 91.00K |
| Long-Term Unearned Revenue | 4.50M | 3.83M | 2.79M | 1.86M | 452.00K | |
| Other Long-Term Liabilities | 4.48M | 4.67M | 7.71M | 9.34M | 560.00K | 14.69M |
| Total Liabilities | 695.48M | 716.02M | 752.33M | 680.35M | 537.58M | 31.41M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 14.00K |
| Additional Paid-In Capital | 482.50M | 481.33M | 478.37M | 475.65M | 473.29M | 461.21M |
| Retained Earnings | -354.01M | -354.40M | -328.38M | -257.89M | -193.34M | -99.41M |
| Treasury Stock | -8.10M | -8.10M | -6.28M | -5.42M | ||
| Total Common Equity | 120.40M | 118.83M | 143.71M | 212.34M | 279.95M | 361.81M |
| Minority Interest | 2.52M | 2.42M | 2.44M | 2.33M | 9.03M | |
| Shareholders' Equity | 122.92M | 121.25M | 146.15M | 214.67M | 288.98M | 361.81M |
| Total Liabilities & Equity | 818.40M | 837.27M | 898.48M | 895.02M | 826.55M | 393.22M |
| Total Debt | 667.86M | 684.07M | 711.46M | 626.52M | 503.01M | 142.00K |
| Net Cash (Debt) | -618.84M | -625.44M | -632.40M | -473.83M | -272.51M | 351.53M |
| Net Cash Per Share | -33.93 | -34.62 | -34.24 | -25.76 | -15.28 | 18.94 |
| Filing Date Shares Outstanding | 19.25M | 18.17M | 18.08M | 18.30M | 18.49M | 17.68M |
| Total Common Shares Outstanding | 19.25M | 18.17M | 18.31M | 18.29M | 18.05M | 17.57M |
| Working Capital | -175.05M | -122.89M | 76.86M | 131.63M | 215.26M | 357.97M |
| Book Value Per Share | 6.25 | 6.54 | 7.85 | 11.61 | 15.51 | 20.60 |
| Tangible Book Value | 113.13M | 111.00M | 134.76M | 173.39M | 151.40M | 361.81M |
| Tangible Book Value Per Share | 5.88 | 6.11 | 7.36 | 9.48 | 8.39 | 20.60 |
| Machinery | 640.81M | 643.13M | 642.12M | 514.36M | 402.32M | 441.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.33M | -26.03M | -70.49M | -65.83M | -93.93M | 28.79M |
| Depreciation & Amortization | 28.40M | 27.20M | 21.28M | 21.59M | 6.46M | |
| Other Amortization | 6.95M | 6.54M | 6.03M | 5.86M | 1.48M | 72.00K |
| Loss (Gain) on Sale of Assets | -2.11M | -1.85M | -2.50M | -4.72M | -580.00K | 26.00K |
| Loss (Gain) on Sale of Investments | -380.00K | 12.68M | 2.75M | 4.82M | -5.55M | |
| Asset Writedown | 28.76M | 3.00M | ||||
| Stock-Based Compensation | 2.74M | 2.96M | 2.71M | 2.88M | 10.00M | 7.88M |
| Change in Accounts Receivable | -6.65M | -2.04M | -3.49M | 85.00K | 553.00K | |
| Change in Accounts Payable | 457.00K | 929.00K | -133.00K | -1.78M | -1.70M | -577.00K |
| Change in Unearned Revenue | 1.53M | 1.37M | 2.51M | 1.06M | 495.00K | |
| Change in Other Net Operating Assets | -4.99M | -8.70M | -13.13M | 10.54M | 2.08M | -424.00K |
| Other Operating Activities | -17.36M | -17.76M | -17.36M | -8.05M | 31.14M | -66.95M |
| Net Cash from Discontinued Operations | -125.00K | -125.00K | -125.00K | -1.95M | -15.77M | -20.31M |
| Operating Cash Flow | 2.01M | -3.53M | -41.81M | -33.66M | -63.49M | -48.49M |
| Capital Expenditures | -37.00K | -221.00K | -354.00K | -499.00K | ||
| Cash Acquisitions | -790.00K | -5.33M | -132.76M | -43.10M | -32.59M | |
| Divestitures | 5.61M | 5.61M | 6.09M | 6.30M | 2.29M | |
| Investment in Securities | 23.70M | 24.73M | 25.61M | 20.24M | ||
| Other Investing Activities | 325.00K | 1.29M | -14.83M | |||
| Investing Cash Flow | 28.82M | 24.78M | -101.41M | -16.73M | -29.01M | -14.83M |
| Long-Term Debt Issued | 239.84M | 21.40M | ||||
| Total Debt Issued | 135.00K | 239.84M | 21.40M | |||
| Long-Term Debt Repaid | -35.10M | -155.94M | -33.01M | -9.54M | ||
| Total Debt Repaid | -37.65M | -35.10M | -155.94M | -33.01M | -9.54M | |
| Net Debt Issued (Repaid) | -37.51M | -35.10M | 83.90M | -11.61M | -9.54M | |
| Issuance of Common Stock | 1.15M | 630.00K | 85.86M | |||
| Repurchase of Common Stock | -1.82M | -853.00K | -5.42M | |||
| Other Financing Activities | -2.23M | -336.00K | -3.62M | -925.00K | -10.28M | -502.00K |
| Financing Cash Flow | -39.74M | -37.25M | 79.43M | -16.81M | -19.19M | 85.36M |
| Net Cash Flow | -8.91M | -16.00M | -63.79M | -67.20M | -111.68M | 22.04M |
| Free Cash Flow | 1.98M | -3.75M | -42.16M | -34.16M | -63.49M | -48.49M |
| Free Cash Flow Margin | 1.82% | -3.36% | -51.35% | -42.77% | -273.73% | |
| Free Cash Flow Per Share | 0.11 | -0.21 | -2.28 | -1.86 | -3.56 | -2.61 |
| Levered Free Cash Flow | 13.54M | 1.05M | -26.65M | -4.85M | -27.70M | -13.65M |
| Unlevered Free Cash Flow | 37.97M | 34.27M | -5.81M | 18.50M | -25.52M | -13.69M |
| Cash Interest Paid | 43.74M | 42.98M | 35.06M | 37.48M | 12.37M | 48.00K |
| Change in Working Capital | -9.65M | -8.44M | -14.25M | 9.90M | 1.43M | -1.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 25.03M | 92.48M | 55.25M | 80.56M | 132.46M | 461.48M |
| Enterprise Value | 643.86M | 729.94M | 548.94M | 549.45M | 455.78M | 99.26M |
| PE Ratio | 16.03 | |||||
| PS Ratio | 0.23 | 0.83 | 0.67 | 1.01 | 5.71 | |
| PB Ratio | 0.21 | 0.76 | 0.38 | 0.38 | 0.46 | 1.27 |
| EV/Sales Ratio | 5.93 | 6.53 | 6.69 | 6.88 | 19.65 | |
| EV/EBITDA Ratio | 12.29 | 16.22 | 121.23 | 66.77 | ||
| EV/EBIT Ratio | 26.86 | 41.02 | ||||
| Debt / Equity Ratio | 5.43 | 5.64 | 4.87 | 2.92 | 1.74 | 0.00 |
| Debt / EBITDA Ratio | 12.31 | 14.61 | 113.15 | 64.88 | ||
| Debt / FCF Ratio | 338.15 | |||||
| Net Debt / Equity Ratio | 5.04 | 5.16 | 4.33 | 2.21 | 0.94 | -0.97 |
| Net Debt / EBITDA Ratio | 11.82 | 13.90 | 139.66 | 57.58 | -5.10 | 10.30 |
| Net Debt / FCF Ratio | 313.33 | -166.74 | -15.00 | -13.87 | -4.29 | 7.25 |
| Quick Ratio | 0.26 | 0.31 | 1.58 | 2.26 | 4.00 | 21.14 |
| Current Ratio | 0.40 | 0.48 | 2.29 | 2.84 | 4.61 | 22.52 |
| Asset Turnover | 0.13 | 0.13 | 0.09 | 0.09 | 0.04 | |
| Return on Equity (ROE) | -5.47% | -19.18% | -38.84% | -24.81% | -16.19% | 19.10% |
| Return on Assets (ROA) | 1.78% | 1.28% | -1.17% | -0.97% | -6.14% | -5.93% |
| Return on Capital Employed (ROCE) | 4.50% | 3.00% | -2.00% | -1.60% | -7.80% | -9.30% |
| Earnings Yield | -31.02% | -28.14% | -127.58% | -81.72% | -70.91% | 6.24% |
| FCF Yield | 7.89% | -4.06% | -76.32% | -42.40% | -47.93% | -10.51% |
| Buyback Yield / Dilution | -1.88% | 2.18% | -0.43% | -3.11% | 3.92% | -75.62% |