Spruce Power Holding Corporation(SPRU)Earnings, Financials & Key Ratios

SPRU•NYSE

$2.41

Price updated Jul 7, 2026

SectorEnergy IndustrySolar Sub-IndustryResidential solar installers and financing

AboutXL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.Show more

Revenue$112M+36.2%
EBITDA$48M+266.0%
Net Income-$26M+63.2%
EPS (Diluted)-1.44+62.3%
Gross Margin64.31%+25.3%
EBITDA Margin43.21%+221.9%
Operating Margin15.92%+125.9%
Net Margin-23.22%+73.0%
ROE-19.42%+50.3%

SPRU Price & Volume

Spruce Power Holding Corporation (SPRU) stock price & volume — 10-year historical chart

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Debt-Funded Asset Growth Masks Persistent Profitability Deficits

Investment Thesis • Updated 2026Q1

VerdictNegative: The company's inability to achieve profitability

Growth:Mixed

Profitability:Negative

Financial:Strained

Cash Flow:Burning

Primary Risk:High interest rate sensitivity

Key Thesis Takeaways

Spruce Power's transition to a residential solar asset-ownership model has successfully driven gross margins to 62.7% as of 2026Q1, yet the company remains fundamentally challenged by an inability to translate this into positive net income.
The reliance on debt-funded acquisitions has pushed the debt-to-equity ratio to 5.64, creating significant solvency concerns as the company struggles to maintain liquidity.
Investors should monitor the sustainability of this model, as the current trajectory of negative free cash flow and deteriorating current ratios suggests high operational and financial risk.

Verdict Logic

evidenced by a -12.5% net margin in 2026Q1, combined with a deteriorating current ratio of 0.48, presents an unacceptable level of financial risk for most institutional portfolios.

SPRU Growth Metrics

Spruce Power Holding Corporation (SPRU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years40.62%

3 Years68.93%

TTM26.75%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM83.74%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM83.43%

Return on Capital

10 Years-35.51%

5 Years-6.86%

3 Years-2.67%

Last Year2.48%

SPRU Recent Earnings

Spruce Power Holding Corporation (SPRU) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (67%)●Beat Revenue 9/12 qtrs (82%)

Q2 2026Latest

May 13, 2026

Metric

Actual

Est

EPS

$0.16

—

Rev

$23M

—

Q2 2026

Mar 30, 2026

Metric

Actual

Est

EPS

$0.38

—

Rev

$24M+35.0%

$18M

Q4 2025

Nov 11, 2025

Metric

Actual

Est

EPS

$0.04

—

Rev

$31M+35.4%

$23M

Q3 2025

Aug 11, 2025

Metric

Actual

Est

EPS

$0.17

—

Rev

$33M+44.5%

$23M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 13, 2026	$0.16	$23M
Q2 2026	Mar 30, 2026	$0.38	$24Mvs $18M+35.0%
Q4 2025	Nov 11, 2025	$0.04	$31Mvs $23M+35.4%
Q3 2025	Aug 11, 2025	$0.17	$33Mvs $23M+44.5%

Based on last 12 quarters of dataView full earnings history →

Latest SPRU News

Recent stock market news and headlines for Spruce Power Holding Corporation (SPRU)

Business Wire·Jun 24, 2026

Spruce Power Announces Company-Wide AI Transformation Initiative

HOUSTON--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets, today announced the launch of a company-wide Artificial Intelligence initiative designed to enhance customer experience, improve operating efficiency, and support long-term growth. As part of the initiative, Spruce has engaged a leading strategic advisory firm to advise the company on its comprehensive review of operations and iden.

Peers Comparison

Key metrics vs top competitors for Spruce Power Holding Corporation (SPRU)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
SPRUSpruce Power Holding CorporationCurrent	$2.41	$44.27M	-1.67	36.18%	-23.22%	-19.42%	—
RUNSunrun Inc.	$12.20	$2.91B	7.13	45.11%	17.9%	12.42%	—
SHLSShoals Technologies Group, Inc.	$10.04	$1.68B	50.20	19.07%	6.27%	5.67%	—
SEDGSolarEdge Technologies, Inc.	$52.94	$3.22B	-7.67	31.39%	-28.56%	-79.58%	—
ENPHEnphase Energy, Inc.	$42.99	$5.67B	33.33	10.72%	9.64%	13.28%	—
ARRYArray Technologies, Inc.	$6.62	$1.02B	-9.07	40.22%	-5.56%	-20.64%	—

Compare SPRU vs Peers

Spruce Power Holding Corporation (SPRU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RUN

Most directly comparable listed peer for SPRU.

Scale Benchmark

vs NEE

Larger-name benchmark to compare SPRU against a more recognizable public peer.

Peer Set

Compare Top 5

vs RUN, SHLS, SEDG, ENPH

SPRU SEC Filings & Documents

Spruce Power Holding Corporation (SPRU) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 14, 2026·SEC

Material company update

Apr 3, 2026·SEC

Material company update

Mar 30, 2026·SEC

10-K Annual Reports

FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Apr 9, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 14, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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SPRU Frequently Asked Questions

Spruce Power Holding Corporation (SPRU) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Spruce Power Holding Corporation's revenue?

Spruce Power Holding Corporation (SPRU) reported $111.4M in revenue for fiscal year 2025. This represents a 1067% increase from $9.5M in 2018.

How fast is Spruce Power Holding Corporation growing?

Spruce Power Holding Corporation (SPRU) grew revenue by 36.2% over the past year. This is strong growth.

Is SPRU profitable?

Spruce Power Holding Corporation (SPRU) reported a net loss of $13.6M for fiscal year 2025.

Dividend & Returns

What is SPRU's return on equity?

Spruce Power Holding Corporation (SPRU) has a return on equity (ROE) of -19.4%. Negative ROE indicates the company is unprofitable.

What is Spruce Power Holding Corporation's free cash flow?

Spruce Power Holding Corporation (SPRU) generated $0.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SPRU back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 13, 2026

$0.16

$23M

Q2 2026

Mar 30, 2026

$0.38

$24Mvs $18M+35.0%

Q4 2025

Nov 11, 2025

$0.04

$31Mvs $23M+35.4%

Q3 2025

Aug 11, 2025

$0.17

$33Mvs $23M+44.5%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

SPRUSpruce Power Holding CorporationCurrent

$2.41

$44.27M

-1.67

36.18%

-23.22%

-19.42%

—

RUNSunrun Inc.

$12.20

$2.91B

7.13

45.11%

17.9%

12.42%

—

SHLSShoals Technologies Group, Inc.

$10.04

$1.68B

50.20

19.07%

6.27%

5.67%

—

SEDGSolarEdge Technologies, Inc.

$52.94

$3.22B

-7.67

31.39%

-28.56%

-79.58%

—

ENPHEnphase Energy, Inc.

$42.99

$5.67B

33.33

10.72%

9.64%

13.28%

—

ARRYArray Technologies, Inc.

$6.62

$1.02B

-9.07

40.22%

-5.56%

-20.64%

—