Saturday 17 October 2026 Export SPRU’s income statement to Excel — free account

Spruce Power Holding Corporation

Spruce Power Holding Corporation’s revenue for fiscal 2025 (year ended December 2025) was $111.8 million, up 36.2% from fiscal 2024. In the quarter to June 2026, revenue fell 8.75%, EPS grew 194.1%, free cash flow fell 43.4% and total debt fell 4.67%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

1.31 0.15 −10.27%

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Market cap: $28.1M
P/E: 0.0×
Fwd P/E: −1.0×
Dividend yield: —
F-score: 6/9
Altman Z: −0.49
Beneish M: −2.59
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 8.57

Total sells 0.24

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	4	7	2	—	5	4	—	—	—	—	1	—
Sell	—	1	—	—	—	—	—	1	—	—	—	—

Insider Ownership 26.21%

Capital & Financial Ratios $m

Market Cap 28.11

Revenue 108.49

Net Income (6.91)

Free Cash Flow 7.92

Net Debt 581.03

Current Ratio 0.40

Debt/Equity 5.39

P/E ratio 0.00

Fwd P/E (1.02)

P/S ratio 0.22

P/B ratio 0.20

Past 5Y EPS Growth —

This Y EPS Growth 81.23%

Next Y EPS Growth (20.31%)

Next Y revenue growth 0.09%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.50%

10-year low 10-year high

P/B against its own 10 years 1.04%

10-year low 10-year high

EV/Sales against its own 10 years 0.24%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	173	109	93	82
Receivables	9	15	16	26
Inventory	—	—	—	—
Other	11	6	4	4
	203	136	116	114

	2023	2024	2025	Q'26
Payables	1	1	2	1
ST’ Debt	28	28	214	270
Other	—	—	1	0
	72	60	239	289

Compound Annual Growth %

	10y	5y	3y
Sales	—	40.62%	68.93%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	(8.48%)	(25.13%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	23	30	—	—	—
’25	24	33	31	24	112
’24	18	22	21	20	82
’23	18	23	23	16	80
’22	5	3	5	18	23
’21	1	4	3	(8)	16
’20	1	2	6	11	20

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	(3)	—	—	—
’25	(9)	(2)	11	(3)	(4)
’24	(22)	(5)	(1)	(13)	(42)
’23	(8)	(10)	2	(18)	(34)
’22	(19)	(11)	(16)	(17)	(63)
’21	(10)	(11)	(14)	(14)	(48)
’20	(5)	(3)	(5)	(7)	(20)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(2)	—	—	—
’25	(8)	(1)	13	(2)	2
’24	(21)	(4)	1	(12)	(36)
’23	(6)	(8)	4	(17)	(28)
’22	(19)	(11)	(16)	(15)	(61)
’21	(11)	(11)	(15)	(15)	(52)
’20	(5)	(3)	(5)	(7)	(20)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.16)	0.14	—	—	—
’25	(0.84)	(0.17)	(0.05)	(0.38)	(1.44)
’24	(0.13)	(0.45)	(2.88)	(0.32)	(3.82)
’23	(1.04)	0.16	(1.11)	(1.60)	(3.59)
’22	(0.88)	(0.72)	(1.20)	(2.40)	(5.28)
’21	3.36	(0.64)	(0.40)	(0.88)	1.52
’20	(0.63)	(1.30)	(0.22)	(3.59)	(5.73)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	77.76	76.00	24.56	5.52	3.27	2.17	1.13	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	80.40	280.00	188.16	28.48	12.40	4.89	6.11
People
People	Employees	—	—	—	—	59	177	318	142	165	159
	Revenue/emp, $m	—	—	—	0.00	0.34	0.09	0.07	0.56	0.50	0.70
Income, $m
Income, $m	Revenue	—	—	—	7	20	16	23	80	82	112
	Gross margin, %	—	—	—	(11.92)	13.49	(4.19)	57.11	52.65	51.31	65.21
	EBT	—	—	—	(15)	(61)	53	(53)	(62)	(70)	(26)
	EBT margin, %	—	—	—	(206.53)	(297.99)	337.19	(227.12)	(78.25)	(85.35)	(22.93)
	Net income	—	0	—	(15)	(61)	29	(93)	(67)	(70)	(26)
	Depreciation	—	—	—	0	1	2	6	27	26	33
Per share, $
Per share, $	Revenue	—	—	—	0.72	1.92	0.90	1.30	4.34	4.45	6.19
	Earnings	—	—	—	(1.49)	(5.73)	1.68	(5.28)	(3.59)	(3.82)	(1.44)
	Cash flow	—	—	—	(1.16)	(1.88)	(2.80)	(3.56)	(1.83)	(2.26)	(0.20)
	Capex	—	—	—	0.00	(0.01)	(0.21)	0.13	0.32	0.31	0.30
	Free cash flow	—	—	—	(1.16)	(1.89)	(3.01)	(3.43)	(1.51)	(1.95)	0.10
	Book value	—	—	—	(1.37)	17.87	20.91	16.20	11.67	7.91	6.71
	Shares, m	—	—	—	10	11	17	18	18	18	18
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	15.05	0.00	0.00	0.00	0.00
	P/S	—	—	—	0.00	98.67	0.00	4.65	1.08	0.67	0.82
	P/B	—	—	—	0.00	10.62	1.27	0.50	0.40	0.38	0.76
	EV/Sales	—	—	—	0.00	82.46	0.00	13.04	6.66	7.93	6.04
	EV/FCF	—	—	—	(68.79)	(83.75)	(2.04)	(6.59)	(19.10)	(18.05)	363.61
Cash, $m
Cash, $m	Operating cash flow	—	—	—	(12)	(20)	(48)	(63)	(34)	(42)	(4)
	Capex	—	—	—	0	0	(4)	2	6	6	5
	Free cash flow	—	—	—	(12)	(20)	(52)	(61)	(28)	(36)	2
Balance, $m
Balance, $m	Working capital	—	—	—	(8)	336	358	215	132	77	(123)
	Total debt	—	—	—	5	0	0	500	619	705	677
	Net debt	—	—	—	1	(330)	(352)	260	446	596	584
	Shareholders’ equity	—	—	—	(14)	189	362	289	215	146	121
Returns, %
Returns, %	ROA	—	—	—	(322.22)	(34.02)	7.78	(15.40)	(7.65)	(7.86)	(3.00)
	ROIC	—	—	—	0.00	0.00	(216.61)	(6.76)	(3.48)	(4.24)	1.59
	ROE	—	—	—	(7.21)	(69.19)	10.46	(28.87)	(26.15)	(39.07)	(19.47)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PN PN Smart Energy Limited	$32.9M	—	—	—	—	—	—	—	Compare
FTCI FTC Solar, Inc.	$30.3M	— (loss-making)	5.1×	+30.83% (above 0%: growing)	n/m	+428.99% (above 0%: growing)	(8.54%)	(52.48%)	Compare
SPRU Spruce Power Holding Corporation	$28.1M	— (loss-making)	— (loss-making)	−8.75% (below 0%: shrinking)	n/m	−43.41% (below 0%: shrinking)	67.84%	32.21%
SMXT Solarmax Technology, Inc.	$24.5M	— (loss-making)	—	+48.82% (above 0%: growing)	n/m	−539.19% (below 0%: shrinking)	23.56%	(43.53%)	Compare
SPIEQ SPI Energy Co., Ltd.	$24.2M	— (loss-making)	— (loss-making)	+30.66% (above 0%: growing)	n/m	+270.79% (above 0%: growing)	13.35%	1.72%	Compare
BEEM Beam Global	$21.7M	— (loss-making)	— (loss-making)	+21.02% (above 0%: growing)	n/m	−141.34% (below 0%: shrinking)	17.83%	(34.99%)	Compare
ASTI Ascent Solar Technologies Inc.	$18.6M	— (loss-making)	— (loss-making)	+460.00% (above 0%: growing)	n/m	+1.36% (above 0%: growing)	(68.91%)	(2,043.59%)	Compare
ZEO Zeo Energy Corp.	$18.2M	— (loss-making)	—	−10.68% (below 0%: shrinking)	n/m	+75.65% (above 0%: growing)	47.15%	(18.49%)	Compare
SUNE SUNation Energy Inc.	$14.1M	— (loss-making)	— (loss-making)	−37.52% (below 0%: shrinking)	n/m	−692.81% (below 0%: shrinking)	26.09%	(39.00%)	Compare
Median of peers	$23.0M	—	—	+30.66%	—	+1.36%	17.83%	(39.00%)

All 26 Solar stocks →

Spruce Power Holding Corporation (SPRU) key facts

Strength: Spruce Power Holding Corporation’s revenue for fiscal 2025 (year ended December 2025) was $111.8 million, up 36.2% from fiscal 2024.
Spruce Power Holding Corporation (SPRU) is a Solar company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, SPRU traded at $1.31, a market capitalization of $28.1 million.
Return on equity was −19.5% and debt-to-equity 5.39.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −0.49 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.