Symbols / SPRU $4.16 +0.73% Spruce Power Holding Corporation

Technology • Solar • United States • NYQ
SPRU Chart
About

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third party-owned solar energy systems with portfolio managed services, including billing and collections/asset recovery, account support services, financial asset management, homeowner support and servicing technology, asset operations, and transaction and execution services related to SRECs; and Spruce Pro, which offers third-party owners a range of services for residential, commercial, and industrial assets. Spruce Power Holding Corporation was founded in 2009 and is headquartered in Denver, Colorado.

Fundamentals
Scroll to Statements
Sector Technology Industry Solar Market Cap 75.58M
Enterprise Value 701.45M Income -25.96M Sales 111.81M
Book/sh 6.54 Cash/sh 3.23 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -5.40 PEG —
P/S 0.68 P/B 0.64 P/C —
EV/EBITDA 15.59 EV/Sales 6.27 Quick Ratio 0.31
Current Ratio 0.48 Debt/Eq 564.17 LT Debt/Eq —
EPS (ttm) -1.42 EPS next Y -0.77 EPS Growth —
Revenue Growth 18.80% Earnings 2026-05-13 ROA 1.28%
ROE -19.18% ROIC — Gross Margin 65.21%
Oper. Margin 8.72% Profit Margin -23.28% Shs Outstand 18.17M
Shs Float 14.35M Short Float 5.02% Short Ratio 19.37
Short Interest — 52W High 6.75 52W Low 1.13
Beta 1.35 Avg Volume 68.98K Volume 4.39K
Target Price — Recom None Prev Close $4.13
Price $4.16 Change 0.73%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$4.04
Latest analyst target
3. DCF / Fair value
$1.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.04
Low
—
High
—
Mean
—
News
RSS: Latest SPRU news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-02 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 12,637 $4.03 $50,914
2026-03-30 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 28,803 $3.98 $115,039
2026-03-20 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 60,421 $3.74 $252,974
2026-03-13 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 18,107 $4.20 $76,334
2026-03-11 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 24,073 $3.60 $96,307
2026-01-15 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 137 $5.10 $699
2026-01-14 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 19,920 $5.03 $100,940
2025-12-31 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 8,702 $5.03 $43,782
2025-12-29 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 10,208 $5.02 $51,303
2025-12-23 STEEL PARTNERS HOLDINGS L P Beneficial Owner of more than 10% of a Class of Security — 17,033 $5.00 $85,989
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
111.81
+36.18%
82.11
+2.81%
79.86
+244.31%
23.19
Operating Revenue
111.81
+36.18%
82.11
+2.81%
79.86
+244.31%
23.19
Cost Of Revenue
38.90
-2.68%
39.97
+5.71%
37.81
+280.07%
9.95
Reconciled Cost Of Revenue
38.90
-2.68%
39.97
+5.71%
37.81
+280.07%
9.95
Gross Profit
72.91
+73.04%
42.13
+0.21%
42.05
+217.45%
13.24
Operating Expense
55.11
-6.41%
58.89
+4.93%
56.12
-23.24%
73.12
Research And Development
—
—
—
—
Selling General And Administration
55.11
-6.41%
58.89
+4.93%
56.12
-23.24%
73.12
Total Expenses
94.02
-4.90%
98.86
+5.25%
93.94
+13.08%
83.07
Operating Income
17.80
+206.21%
-16.76
-19.04%
-14.08
+76.49%
-59.87
Total Operating Income As Reported
17.94
+135.60%
-50.39
-36.87%
-36.82
+37.91%
-59.29
EBITDA
55.47
+1114.93%
-5.46
-628.02%
1.03
+102.97%
-34.82
Normalized EBITDA
68.01
+120.03%
30.91
+9.01%
28.35
+156.00%
-50.63
Reconciled Depreciation
30.19
+23.83%
24.38
+12.95%
21.59
+234.36%
6.46
EBIT
25.27
+184.68%
-29.85
-45.23%
-20.55
+50.21%
-41.28
Total Unusual Items
-12.54
+65.52%
-36.37
-33.15%
-27.32
-272.80%
15.81
Total Unusual Items Excluding Goodwill
-12.54
+65.52%
-36.37
-33.15%
-27.32
-272.80%
15.81
Special Income Charges
0.14
+100.43%
-33.64
-47.91%
-22.74
-545.29%
5.11
Other Special Charges
1.71
-76.83%
7.38
-73.11%
27.46
+706.69%
-4.53
Impairment Of Capital Assets
0.00
-100.00%
28.76
0.00
—
Write Off
—
—
—
0.00
Net Income
-26.03
+63.08%
-70.49
-7.08%
-65.83
+29.92%
-93.93
Pretax Income
-25.64
+63.41%
-70.08
-12.15%
-62.49
-18.62%
-52.68
Net Non Operating Interest Income Expense
-30.20
-72.83%
-17.47
+22.00%
-22.40
-122.64%
-10.06
Interest Expense Non Operating
50.92
+26.56%
40.23
-4.06%
41.94
+267.83%
11.40
Net Interest Income
-30.20
-72.83%
-17.47
+22.00%
-22.40
-122.64%
-10.06
Interest Expense
50.92
+26.56%
40.23
-4.06%
41.94
+267.83%
11.40
Interest Income Non Operating
20.72
-8.96%
22.76
+16.50%
19.53
+1358.85%
1.34
Interest Income
20.72
-8.96%
22.76
+16.50%
19.53
+1358.85%
1.34
Other Income Expense
-13.24
+63.07%
-35.85
-37.83%
-26.01
-250.72%
17.26
Other Non Operating Income Expenses
-0.70
-233.14%
0.53
-59.89%
1.31
-9.54%
1.45
Gain On Sale Of Security
-12.68
-363.60%
-2.74
+40.22%
-4.58
-142.77%
10.70
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-25.71
+63.30%
-70.05
-5.17%
-66.61
+28.22%
-92.79
Net Income From Continuing Operation Net Minority Interest
-25.96
+63.18%
-70.51
-14.27%
-61.71
-14.66%
-53.82
Net Income From Continuing And Discontinued Operation
-26.03
+63.08%
-70.49
-7.08%
-65.83
+29.92%
-93.93
Net Income Continuous Operations
-25.64
+63.41%
-70.08
-12.15%
-62.49
-18.62%
-52.68
Net Income Discontinuous Operations
-0.06
-356.00%
0.03
+100.61%
-4.12
+89.72%
-40.11
Minority Interests
-0.32
+26.61%
-0.44
-155.97%
0.78
+168.33%
-1.14
Normalized Income
-13.42
+60.68%
-34.14
+0.72%
-34.39
+50.61%
-69.63
Net Income Common Stockholders
-26.03
+63.08%
-70.49
-7.08%
-65.83
+29.92%
-93.93
Diluted EPS
—
-3.82
-6.70%
-3.58
+32.20%
-5.28
Basic EPS
—
-3.82
-6.70%
-3.58
+32.20%
-5.28
Basic Average Shares
—
18.47
+0.43%
18.39
+3.11%
17.84
Diluted Average Shares
—
18.47
+0.43%
18.39
+3.11%
17.84
Diluted NI Availto Com Stockholders
-26.03
+63.08%
-70.49
-7.08%
-65.83
+29.92%
-93.93
Gain On Sale Of PPE
1.85
-25.92%
2.50
-46.99%
4.72
+714.48%
0.58
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
837.27
-6.81%
898.48
+0.39%
895.02
Current Assets
115.87
-15.07%
136.43
-32.91%
203.34
Cash Cash Equivalents And Short Term Investments
54.84
-24.67%
72.80
-48.50%
141.35
Cash And Cash Equivalents
54.84
-24.67%
72.80
-48.50%
141.35
Receivables
15.75
+4.92%
15.01
+63.37%
9.19
Accounts Receivable
15.75
+4.92%
15.01
+63.37%
9.19
Gross Accounts Receivable
16.55
+4.67%
15.81
+45.21%
10.89
Allowance For Doubtful Accounts Receivable
-0.80
+0.00%
-0.80
+52.94%
-1.70
Inventory
—
—
—
Prepaid Assets
—
—
—
Restricted Cash
38.30
+5.38%
36.35
+15.07%
31.59
Assets Held For Sale Current
—
—
0.00
Hedging Assets Current
3.79
-39.42%
6.26
-44.78%
11.33
Other Current Assets
3.19
-46.97%
6.01
-39.12%
9.88
Total Non Current Assets
721.40
-5.33%
762.05
+10.17%
691.68
Net PPE
565.60
-4.74%
593.76
+21.09%
490.34
Gross PPE
647.46
+0.09%
646.90
+24.32%
520.36
Accumulated Depreciation
-81.86
-54.06%
-53.14
-76.98%
-30.02
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
0.83
-4.57%
0.88
+27.37%
0.69
Other Properties
646.51
+0.08%
646.00
+24.32%
519.62
Leases
0.11
+276.67%
0.03
-49.15%
0.06
Goodwill And Other Intangible Assets
7.83
-12.58%
8.96
-77.01%
38.95
Goodwill
—
0.00
-100.00%
28.76
Other Intangible Assets
7.83
-12.58%
8.96
-12.15%
10.20
Investments And Advances
132.84
-2.99%
136.94
-4.30%
143.09
Other Investments
132.84
-2.99%
136.94
-4.30%
143.09
Non Current Deferred Assets
4.87
+31.07%
3.72
+51.47%
2.45
Other Non Current Assets
0.27
+5.49%
0.26
-11.76%
0.29
Total Liabilities Net Minority Interest
716.02
-4.83%
752.33
+10.58%
680.35
Current Liabilities
238.76
+300.82%
59.57
-16.93%
71.71
Payables And Accrued Expenses
18.74
-24.15%
24.70
-35.86%
38.52
Payables
3.36
+58.12%
2.12
+13.51%
1.87
Accounts Payable
1.92
+94.12%
0.99
-11.88%
1.12
Current Accrued Expenses
15.38
-31.89%
22.58
-38.38%
36.65
Pensionand Other Post Retirement Benefit Plans Current
3.49
-20.92%
4.41
+36.18%
3.24
Total Tax Payable
1.44
+26.89%
1.14
+51.33%
0.75
Current Debt And Capital Lease Obligation
214.77
+635.47%
29.20
+0.42%
29.08
Current Debt
213.83
+655.30%
28.31
+1.42%
27.91
Other Current Borrowings
213.83
+655.30%
28.31
+1.42%
27.91
Current Capital Lease Obligation
0.94
+5.94%
0.89
-23.50%
1.17
Current Deferred Liabilities
1.21
+1.34%
1.19
+35.99%
0.88
Current Deferred Revenue
1.21
+1.34%
1.19
+35.99%
0.88
Other Current Liabilities
0.56
+813.11%
0.06
—
Total Non Current Liabilities Net Minority Interest
477.26
-31.11%
692.76
+13.82%
608.64
Liabilities Heldfor Sale Non Current
0.03
-30.00%
0.04
-76.47%
0.17
Long Term Debt And Capital Lease Obligation
467.12
-31.49%
681.87
+14.29%
596.60
Long Term Debt
462.94
-31.62%
677.02
+14.58%
590.87
Long Term Capital Lease Obligation
4.18
-13.76%
4.85
-15.41%
5.73
Tradeand Other Payables Non Current
—
—
—
Non Current Deferred Liabilities
3.83
+37.31%
2.79
+50.16%
1.86
Non Current Deferred Revenue
3.83
+37.31%
2.79
+50.16%
1.86
Other Non Current Liabilities
4.64
-39.48%
7.67
-16.18%
9.15
Preferred Securities Outside Stock Equity
—
—
—
Stockholders Equity
118.83
-17.31%
143.71
-32.32%
212.34
Common Stock Equity
118.83
-17.31%
143.71
-32.32%
212.34
Capital Stock
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.00
+0.00%
0.00
+0.00%
0.00
Share Issued
20.04
+3.29%
19.40
+1.62%
19.09
Ordinary Shares Number
18.17
-0.77%
18.31
+0.10%
18.29
Treasury Shares Number
1.87
+71.29%
1.09
+36.42%
0.80
Additional Paid In Capital
481.33
+0.62%
478.37
+0.57%
475.65
Retained Earnings
-354.40
-7.93%
-328.38
-27.33%
-257.89
Treasury Stock
8.10
+28.96%
6.28
+15.73%
5.42
Minority Interest
2.42
-0.66%
2.44
+4.86%
2.33
Total Equity Gross Minority Interest
121.25
-17.04%
146.15
-31.92%
214.67
Total Capitalization
581.77
-29.12%
820.74
+2.18%
803.21
Working Capital
-122.89
-259.88%
76.86
-41.61%
131.63
Invested Capital
795.60
-6.29%
849.04
+2.16%
831.12
Total Debt
681.89
-4.10%
711.07
+13.65%
625.68
Net Debt
621.93
-1.68%
632.53
+32.49%
477.43
Capital Lease Obligations
5.13
-10.70%
5.74
-16.78%
6.90
Net Tangible Assets
111.00
-17.63%
134.76
-22.28%
173.39
Tangible Book Value
111.00
-17.63%
134.76
-22.28%
173.39
Derivative Product Liabilities
1.63
+324.16%
0.39
-55.23%
0.86
Financial Assets
9.99
-45.75%
18.41
+11.26%
16.55
Interest Payable
7.68
-9.13%
8.45
-1.55%
8.59
Inventories Adjustments Allowances
—
—
—
Other Inventories
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-3.53
+91.56%
-41.81
-24.21%
-33.66
+46.98%
-63.49
Cash Flow From Continuing Operating Activities
-3.40
+91.83%
-41.69
-31.44%
-31.71
+33.54%
-47.72
Cash From Discontinued Operating Activities
-0.12
+0.00%
-0.12
+93.58%
-1.95
+87.66%
-15.77
Net Income From Continuing Operations
-25.64
+63.41%
-70.08
-12.15%
-62.49
-18.62%
-52.68
Depreciation Amortization Depletion
30.19
+23.83%
24.38
+12.95%
21.59
+234.36%
6.46
Depreciation And Amortization
30.19
+23.83%
24.38
+12.95%
21.59
+234.36%
6.46
Other Non Cash Items
-14.60
+1.50%
-14.82
-180.03%
-5.29
-605.64%
1.05
Stock Based Compensation
2.96
+9.18%
2.71
-6.00%
2.88
-71.14%
10.00
Asset Impairment Charge
1.30
-95.68%
30.14
+1537.32%
1.84
+0.11%
1.84
Operating Gains Losses
10.83
+4567.67%
0.23
+257.82%
-0.15
+99.07%
-15.81
Gain Loss On Investment Securities
12.68
+363.60%
2.74
-40.22%
4.58
+142.77%
-10.70
Change In Working Capital
-8.44
+40.77%
-14.25
-243.92%
9.90
+591.00%
1.43
Change In Receivables
-2.04
+41.55%
-3.49
-4205.88%
0.09
-84.63%
0.55
Changes In Account Receivables
-2.04
+41.55%
-3.49
-4205.88%
0.09
-84.63%
0.55
Change In Inventory
—
—
—
—
Change In Prepaid Assets
2.83
-23.79%
3.71
+255.10%
-2.39
-52.13%
-1.57
Change In Payables And Accrued Expense
-9.43
+39.94%
-15.70
-232.64%
11.84
+230.54%
3.58
Change In Accrued Expense
-10.36
+33.46%
-15.57
-214.29%
13.62
+158.13%
5.28
Change In Payable
0.93
+798.50%
-0.13
+92.54%
-1.78
-5.19%
-1.70
Change In Account Payable
0.93
+798.50%
-0.13
+92.54%
-1.78
-5.19%
-1.70
Change In Other Working Capital
0.22
-82.38%
1.24
+426.69%
0.24
+120.87%
-1.13
Change In Other Current Assets
-0.01
-750.00%
0.00
-98.41%
0.13
0.00
Change In Other Current Liabilities
0.00
+100.00%
-0.01
-280.00%
0.01
0.00
Investing Cash Flow
24.78
+124.43%
-101.41
-505.99%
-16.73
+42.31%
-29.01
Cash Flow From Continuing Investing Activities
24.78
+124.43%
-101.41
-494.44%
-17.06
+43.69%
-30.30
Cash From Discontinued Investing Activities
—
0.00
-100.00%
0.33
-74.81%
1.29
Net PPE Purchase And Sale
5.39
-6.08%
5.74
-1.05%
5.80
+153.30%
2.29
Purchase Of PPE
-0.22
+37.57%
-0.35
+29.06%
-0.50
0.00
Sale Of PPE
5.61
-7.91%
6.09
-3.27%
6.30
+175.10%
2.29
Capital Expenditure
-0.22
+37.57%
-0.35
+29.06%
-0.50
—
Net Investment Purchase And Sale
24.73
-3.47%
25.61
+26.56%
20.24
0.00
Sale Of Investment
24.73
-3.47%
25.61
+26.56%
20.24
0.00
Net Business Purchase And Sale
-5.33
+95.98%
-132.76
-208.06%
-43.10
-32.26%
-32.59
Purchase Of Business
-5.33
+95.98%
-132.76
-208.06%
-43.10
-32.26%
-32.59
Net Other Investing Changes
—
—
6.30
+175.10%
2.29
Financing Cash Flow
-37.25
-146.90%
79.43
+572.60%
-16.81
+12.40%
-19.19
Cash Flow From Continuing Financing Activities
-37.25
-146.95%
79.35
+572.12%
-16.81
+11.95%
-19.09
Net Issuance Payments Of Debt
-35.10
-141.83%
83.90
+822.52%
-11.61
-21.72%
-9.54
Issuance Of Debt
0.00
-100.00%
239.84
+1020.97%
21.40
0.00
Repayment Of Debt
-35.10
+77.49%
-155.94
-372.44%
-33.01
-246.00%
-9.54
Long Term Debt Issuance
0.00
-100.00%
239.84
+1020.97%
21.40
0.00
Long Term Debt Payments
-35.10
+77.49%
-155.94
-372.44%
-33.01
-246.00%
-9.54
Net Long Term Debt Issuance
-35.10
-141.83%
83.90
+822.52%
-11.61
-21.72%
-9.54
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
-1.82
-113.13%
-0.85
+83.83%
-5.27
0.00
Common Stock Payments
-1.82
-113.13%
-0.85
+84.27%
-5.42
0.00
Cash Dividends Paid
—
—
—
—
Repurchase Of Capital Stock
-1.82
-113.13%
-0.85
+84.27%
-5.42
0.00
Proceeds From Stock Option Exercised
—
0.00
-100.00%
1.00
+59.37%
0.63
Net Other Financing Charges
-0.34
+90.91%
-3.70
-299.68%
-0.93
+90.91%
-10.18
Changes In Cash
-16.00
+74.91%
-63.79
+5.07%
-67.20
+39.83%
-111.68
Beginning Cash Position
109.15
-36.89%
172.94
-27.98%
240.14
-31.74%
351.83
End Cash Position
93.14
-14.66%
109.15
-36.89%
172.94
-27.98%
240.14
Free Cash Flow
-3.75
+91.10%
-42.16
-23.43%
-34.16
+46.20%
-63.49
Interest Paid Supplemental Data
42.98
+22.58%
35.06
-6.46%
37.48
+203.08%
12.37
Common Stock Issuance
—
0.00
-100.00%
0.15
0.00
Issuance Of Capital Stock
—
0.00
-100.00%
0.15
0.00
Cash From Discontinued Financing Activities
0.00
-100.00%
0.08
0.00
+100.00%
-0.10
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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