SPRUCE POWER HOLDING CORP

Listed Company

SPRUCIK 0001772720NYSENon-AcceleratedSmaller ReportingElectric ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$111.81M

Net Income

$-25.71M

Total Assets

—

Equity

—

Shares Out

18.37M

Op. Cash Flow

$-3.53M

SPRU$2.38+60.81% · past yearDBEQ Basic

Daily closing prices

Business

Spruce Power Holding Corporation is a leading owner and operator of distributed solar energy assets across the United States, providing subscription-based services to approximately 84,000 home solar systems and customer contracts. The company generates revenues primarily through long-term lease and power purchase agreements with homeowners, sales of renewable energy credits, and servicing of third-party owned solar systems through its Spruce Pro platform. Spruce Power operates geographically diverse portfolios across 18 states, serving residential customers under typically 20-year contracts, with a weighted average remaining contract term of approximately 10 years.

Summary from 10-K filed 2026-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	112	82	80	23	—
Selling, general and administrative expenses	55	59	56	73	35
Litigation settlements	2	7	27	0	—
Gain on asset disposal, net	−2	−3	−5	−580,000	26,000
Impairment of goodwill	0	29	0	—	—
Total operating expenses	94	133	117	82	—
Income (loss) from operations	18	−50	−37	−59	−35
Interest income	−21	−23	−20	−1	—
Interest expense, net	51	40	42	—	—
Change in fair value of warrant liabilities	0	−17,000	−239,000	−5	−90
Change in fair value of interest rate swaps	13	3	5	−6	0
Other expense (income)	699,000	−525,000	−1	−912,000	−58,000
Net loss from continuing operations	−26	−70	−62	−53	53
Net income (loss) from discontinued operations	−64,000	25,000	−4	−40	−24
Net loss	−26	−70	−67	−93	29
Less: Net income attributable to noncontrolling interests	320,000	436,000	−779,000	1	0
Net loss attributable to stockholders	−26	−70	−66	−94	29
Net loss from continuing operations per share, basic (in dollars per share)	−1.42	−3.79	−3.4	−2.95	—
Net loss from continuing operations per share, diluted (in dollars per share)	−1.42	−3.79	−3.4	−2.95	—
Net income (loss) from discontinued operations, per share, basic (in dollars per share)	0	0	−0.22	−2.25	—
Net income (loss) from discontinued operations per share, diluted (in dollars per share)	0	0	−0.22	−2.25	—
Net loss attributable to stockholders per share, basic (in dollars per share)	−1.44	−3.82	−3.58	−5.27	0.21
Net loss attributable to stockholders per share, diluted (in dollars per share)	−1.44	−3.82	−3.58	−5.27	0.19
Weighted-average shares outstanding, basic (in shares)	18	18	18	18	138
Weighted-average shares outstanding, diluted (in shares)	18	18	18	18	149

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	55	73	141	220	352
Restricted cash	38	36	32	20	150,000
Accounts receivable, net of allowance of $0.8 million and $0.8 million as of December 31, 2025 and 2024, respectively	16	15	9	8	0
Interest rate swap assets, current	4	6	11	10	0
Prepaid expenses and other current assets	3	6	10	5	310,000
Total current assets	116	136	203	275	375
Investment related to SEMTH master lease agreement	133	137	143	0	—
Property and equipment, net	561	589	484	396	0
Interest rate swap assets, non-current	10	18	17	22	0
Intangible assets, net	8	9	10	0	—
Deferred rent assets	5	4	3	2	0
Right-of-use assets, net	4	5	6	3	5
Other assets	269,000	255,000	257,000	383,000	0
Total assets	837	898	895	827	393
Accounts payable	2	987,000	1	3	697,000
Non-recourse debt, current	214	28	28	25	0
Accrued expenses and other current liabilities	20	28	41	22	6
Deferred revenue, current	1	1	878,000	39,000	0
Lease liability, current	945,000	892,000	1	834,000	900,000
Interest rate swap liabilities, current	545,000	0	—	—	—
Current liabilities of discontinued operations	12,000	61,000	0	9	10
Total current liabilities	239	60	72	60	17
Non-recourse debt, non-current	463	677	591	474	0
Deferred revenue, non-current	4	3	2	452,000	0
Lease liability, non-current	4	5	6	2	4
Unfavorable solar renewable energy agreements, net	779,000	4	6	0	—
Interest rate swap liabilities, non-current	2	385,000	843,000	0	5
Other long-term liabilities	4	4	3	10,000	0
Long-term liabilities of discontinued operations	28,000	40,000	170,000	294,000	4
Total liabilities	716	752	680	538	31
Commitments and contingencies (Note 14)	—	—	—	—	—
Common stock, $0.0001 par value; 350,000,000 shares authorized at December 31, 2025 and 2024; 20,041,252 and 18,170,425 shares issued and outstanding at December 31, 2025, respectively, and 19,403,262 and 18,311,054 issued and outstanding at December 31, 2024, respectively	2,000	2,000	2,000	2,000	—
Additional paid-in capital	481	478	476	473	461
Accumulated deficit	−354	−328	−258	−193	−99
Treasury stock at cost, 1,870,827 shares and 1,092,208 at December 31, 2025 and 2024, respectively	−8	−6	−5	0	—
Noncontrolling interests	2	2	2	9	0
Total equity	121	146	215	289	362
Total liabilities, stockholders equity and noncontrolling interests	837	898	895	827	393

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation, net	3	3	3	10	8
Bad debt expense	1	1	2	2	0
Amortization of deferred revenue	−317,000	−1	−91,000	−34,000	—
Depreciation and amortization expense	30	24	22	6	0
Amortization related to unfavorable solar renewable energy agreements	−3	−3	—	—	—
Accretion expense	328,000	236,000	300,000	0	—
Change in fair value of warrant liabilities	0	−17,000	−239,000	−5	—
Interest income related to SEMTH master lease agreement	−18	−17	−11	0	—
Gain on disposal of assets	−2	−3	−5	−580,000	—
Change in operating right-of-use assets and lease liability	−72,000	26,000	120,000	134,000	0
Amortization of debt discount and deferred financing costs	7	6	6	1	72,000
Accounts receivable, net	−2	−3	85,000	553,000	0
Deferred rent assets	−1	−1	−828,000	−2	−10
Prepaid expenses and other current assets	3	4	−2	−2	954,000
Other assets	−13,000	2,000	126,000	0	−31,000
Accounts payable	929,000	−133,000	−2	−2	−577,000
Accrued expenses and other current liabilities	−10	−16	14	5	−1
Other long-term liabilities	0	−9,000	5,000	0	—
Deferred revenue	1	3	1	495,000	—
Net cash used in continuing operating activities	−3	−42	−32	−48	−28
Net cash used in discontinued operating activities	−125,000	−125,000	−2	−16	−20
Net cash used in operating activities	−4	−42	−34	−63	−48
Proceeds from sale of solar energy systems	6	6	6	2	0
Proceeds from investment related to SEMTH master lease agreement	25	26	20	0	—
Cash paid for acquisitions	−5	−133	−43	−33	0
Purchases of other property and equipment	−221,000	−354,000	−499,000	0	−4
Net cash provided by (used in) continuing investing activities	25	−101	−17	−29	−15
Proceeds from issuance of non-recourse debt	0	240	21	0	—
Payment of deferred financing costs	0	−3	−391,000	0	—
Repayments of non-recourse debt	−35	−156	−33	−9	0
Share repurchases	−2	−853,000	−5	0	—
Capital distributions to noncontrolling interests	−336,000	−323,000	−479,000	−2	0
Net cash provided by (used in) continuing financing activities	−37	79	−17	−19	86
Net cash provided by discontinued financing activities	0	81,000	0	−99,000	−502,000
Net cash provided by (used in) financing activities	−37	79	−17	−19	85
Net change in cash and cash equivalents and restricted cash:	−16	−64	−67	−112	22
Cash paid for interest	43	35	37	12	48,000
Right-of-use asset obtained in exchange for lease liability	307,000	0	933,000	2	0

Filings

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Frequently asked questions

What is SPRUCE POWER HOLDING CORP's CIK number?

SPRUCE POWER HOLDING CORP's SEC CIK number is 0001772720 (1772720). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SPRUCE POWER HOLDING CORP's SEC filings?

All of SPRUCE POWER HOLDING CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SPRUCE POWER HOLDING CORP last report earnings?

SPRUCE POWER HOLDING CORP (SPRU) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-034941). This is SPRUCE POWER HOLDING CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is SPRUCE POWER HOLDING CORP's most recent earnings 8-K?

SPRUCE POWER HOLDING CORP's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001628280-26-034941. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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