SPRU · Spruce Power Holding Corp · Financials
$1.70
-0.01 (-0.58%)
At close · Sep 10
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Because (i) the Amended SP1 Maturity Date and the SP2 Maturity Date are within twelve months from the date the accompanying unaudited condensed consolidated financial statements are issued, (ii) the Company has not yet entered into a commitment to refinance the SP1 or SP2 Facility, (iii) the Company has determined that it is unlikely to have sufficient cash on hand or proceeds from currently available liquidity sources to satisfy the SP1 Facility at the Amended SP1 Maturity Date or the SP2 Facility at the SP2 Maturity Date, (iv) the Company had negative working capital of $175.0 million as of June 30, 2026 due to the current maturity of the SP1 Facility and SP2 Facility, and (v) the Company has experienced recurring net losses and negative cash flows from operations for the six months ended June 30, 2026 and 2025, these conditions raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 13, 2026
Market Cap
$32.92M
Shares
19.25M
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$111.81M
+36.2%
FY2025
Net Income
-$26.03M
+63.1%
FY2025
Gross Margin
13.49%
+25.4pp
FY2020
Operating Margin
16.04%
+77.4pp
FY2025
Diluted EPS
-$1.44
+62.3%
FY2025
Operating Cash Flow
-$3.53M
+91.6%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| $108.49M | $111.81M | $82.11M | $79.86M | $23.19M | $0 | $20.34M | $7.22M | |
| -$24.89M | — | — | — | -$10.06M | -$39K | -$6.37M | -$2.15M | |
| $40.22M | — | — | $37.81M | $9.95M | $16.3M | $17.59M | $8.08M | |
| -$810K | — | — | — | — | -$696K | $2.74M | -$860K | |
| — | — | — | — | — | — | 13.49% | -11.92% | |
| $11.08M | — | — | — | — | $10.78M | $4.45M | $2.87M | |
| $48.07M | $55.11M | $58.89M | $56.12M | $73.12M | $35.09M | $13.59M | $9.84M | |
| — | — | $1.2M | $1.8M | — | $325K | $270K | — | |
| $30.29M | $30.19M | $24.38M | $21.59M | $6.46M | $0 | $622K | $319K | |
| — | — | — | — | $21.6M | — | — | — | |
| — | — | — | — | $83.07M | $35.09M | — | — | |
| $84.12M | $93.87M | $132.5M | $116.68M | $82.49M | — | — | — | |
| $24.37M | $17.94M | -$50.39M | -$36.82M | -$59.29M | -$35.09M | -$15.29M | -$13.57M | |
| — | 16.04% | -61.37% | -46.1% | -255.64% | — | -75.2% | -188.07% | |
| $54.67M | $48.13M | -$26.01M | -$15.23M | -$52.84M | -$35.09M | -$14.67M | -$13.25M | |
| $50.59M | $50.92M | $40.23M | $41.94M | $11.4M | $37K | $94K | $99K | |
| $19.88M | $20.72M | $22.76M | $19.53M | $1.34M | — | — | — | |
| $0 | $0 | — | — | — | — | — | — | |
| -$7.35M | -$26.03M | -$70.49M | -$65.83M | -$93.93M | $28.79M | -$60.61M | -$14.9M | |
| — | -23.28% | -85.85% | -82.43% | -404.98% | — | -297.99% | -206.53% | |
| $421K | $320K | $436K | -$779K | $1.14M | $0 | — | — | |
| USD/shares | -$0.41 | -$1.44 | -$3.82 | -$3.58 | -$5.27 | $1.68 | -$5.76 | -$1.52 |
| USD/shares | -$0.44 | -$1.44 | -$3.82 | -$3.58 | -$5.27 | $1.52 | -$5.76 | -$1.52 |
| shares | — | 18.07M | 18.47M | 18.39M | 17.84M | 17.31M | 10.57M | 9.98M |
| shares | — | 18.07M | 18.47M | 18.39M | 17.84M | 18.56M | 10.57M | 9.98M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Debt data is being processed. Please check back later.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
6.00×
Peer median 0.51×
EV/EBIT
26.70×
P/E (TTM)
—
Peer medians compare against the 10 similar-size Solar companies (of 19 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Reportable Segment | $111,812,000 | $82,107,000 | $79,859,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| SLA Revenue | $39,915,000 | $28,978,000 | $28,462,000 | $11,270,000 |
| PPA Revenue | $37,969,000 | $38,391,000 | $36,360,000 | $8,756,000 |
| Solar Renewable Energy Credit Revenue | $21,358,000 | $7,205,000 | $7,219,000 | $1,576,000 |
| Service | $3,803,000 | $778,000 | $767,000 | $770,000 |
| Product And Service Other | $3,629,000 | $3,233,000 | $3,204,000 | $577,000 |
| Amortization of Intangible Assets | $2,993,000 | $3,097,000 | $3,593,000 | $0 |
| Government Incentives | $2,145,000 | $425,000 | $254,000 | $245,000 |
Key facts
CIK
1772720
CUSIP
9837FR209
13F (30d)
35 filings
35 filers
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