Pricing Log in Create free account
Saturday 17 October 2026 Export SPRU’s income statement to Excel — free account

Spruce Power Holding Corporation

SPRU Technology Solar

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%
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 (below 1: weak)
Debt/Equity 5.39 (above 2: weak)
P/E ratio 0.00
Fwd P/E (1.02) (negative: loss-making)
P/S ratio 0.22
P/B ratio 0.20
Past 5Y EPS Growth —
This Y EPS Growth 81.23% (at or above 15%: strong)
Next Y EPS Growth (20.31%) (below 0%: weak)
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
EV/Sales is 5.6×, against a ten-year median of 6.6×; over the ten years it ranged from −47.9× in 2022 to 82.5× in 2020.
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Spruce Power Holding Corporation vs peers in Solar (Q) = latest quarter vs a year earlier

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.

Spruce Power Holding Corporation (SPRU) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/SPRU · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com