SPRUCE POWER HOLDING CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $111.8M | $82.1M | $79.9M | $23.2M | $0 |
| Cost of revenue | — | — | $37.8M | $9.9M | $16.3M |
| Gross profit | — | — | — | — | -$696,000 |
| Selling, general & administrative | $55.1M | $58.9M | $56.1M | $73.1M | $35.1M |
| Research and development | — | — | — | — | $10.8M |
| Operating expenses | — | — | — | $83.1M | $35.1M |
| Operating income | $17.9M | -$50.4M | -$36.8M | -$59.3M | -$35.1M |
| Interest expense | $50.9M | $40.2M | $41.9M | $11.4M | $37,000 |
| Income tax expense | $0 | — | — | — | — |
| Net income | -$26.0M | -$70.5M | -$65.8M | -$93.9M | $28.8M |
| Balance Sheet | |||||
| Cash and equivalents | $54.8M | $72.8M | $141.4M | $220.3M | $351.7M |
| Current assets | $115.9M | $136.4M | $203.3M | $275.0M | $374.6M |
| Total assets | $837.3M | $898.5M | $895.0M | $826.6M | $393.2M |
| Current liabilities | $238.8M | $59.6M | $71.7M | $59.7M | $16.6M |
| Total liabilities | $716.0M | $752.3M | $680.4M | $537.6M | $31.4M |
| Stockholders' equity | $121.3M | $146.2M | $214.7M | $288.9M | $361.8M |
| Cash Flow Statement | |||||
| Cash from operations | -$3.5M | -$41.8M | -$33.7M | -$63.5M | -$48.5M |
| Depreciation and amortization | $30.2M | $24.4M | $21.6M | $6.5M | $653,000 |
| Stock-based compensation | $3.0M | $2.7M | $2.9M | $10.0M | $7.9M |
| Capital expenditure | $221,000 | $354,000 | $499,000 | $0 | $3.6M |
| Free cash flow | -$3.8M | -$42.2M | -$34.2M | -$63.5M | -$52.1M |
| Share repurchases | $1.8M | $853,000 | $5.4M | $0 | — |
| Impairments | $0 | $28.8M | $0 | $900,000 | — |
Shares outstanding 18.4M · Free float 0.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.