7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $112M | -$26M | 0.0% | 16.0% | -$4M | $696M | $55M |
| 2024 | $82M | -$70M | 0.0% | -61.4% | -$42M | $731M | $73M |
| 2023 | $80M | -$66M | 52.7% | -46.1% | -$34M | $647M | $141M |
| 2022 | $23M | -$94M | 57.1% | -255.6% | -$63M | $533M | $220M |
| 2021 | — | $29M | — | — | -$52M | $21000 | $352M |
| 2020 | — | -$61M | — | — | -$20M | $98000 | $330M |
| 2019 | — | -$15M | — | — | -$12M | $2M | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $23M | -$3M | 0.0% | 16.4% | -$3M | $687M | $50M |
| Dec '25 | $24M | -$7M | 0.0% | 9.4% | -$3M | $696M | $55M |
| Sep '25 | $31M | -$860000 | 0.0% | 27.6% | $11M | $706M | $54M |
| Jun '25 | $33M | -$3M | 0.0% | 26.8% | -$2M | $717M | $54M |
| Mar '25 | $24M | -$15M | 0.0% | -7.1% | -$9M | $724M | $62M |
| Dec '24 | $20M | -$6M | 0.0% | -31.8% | -$14M | $731M | $73M |
| Sep '24 | $21M | -$54M | 54.8% | -173.8% | -$1M | $605M | $114M |
| Jun '24 | $22M | -$9M | 54.9% | -14.9% | -$5M | $613M | $117M |
| Mar '24 | $18M | -$2M | 51.5% | -19.7% | -$22M | $614M | $121M |
| Dec '23 | $16M | -$30M | 0.0% | -54.2% | -$18M | $647M | $141M |
| Sep '23 | $23M | -$19M | 57.8% | -105.4% | $2M | $627M | $154M |
| Jun '23 | $23M | $3M | 62.3% | -4.3% | -$10M | $587M | $163M |
| Mar '23 | $18M | -$19M | 56.6% | -15.6% | -$8M | $594M | $173M |
| Dec '22 | $18M | -$43M | 0.0% | -97.1% | — | $533M | $220M |
| Sep '22 | $5M | -$22M | 0.0% | -476.0% | -$16M | $542M | $240M |
| Jun '22 | $0 | -$13M | — | — | -$11M | $6000 | $322M |
| Mar '22 | $0 | -$16M | — | — | -$19M | $9000 | $333M |
| Dec '21 | — | -$15M | — | — | -$15M | $21000 | $352M |
| Sep '21 | $3M | -$8M | 21.6% | -477.2% | -$15M | $37000 | $367M |
| Jun '21 | $4M | -$10M | 26.0% | -343.0% | -$11M | $559000 | — |
How the market has priced SPRU against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, SPRUCE POWER HOLDING CORP's revenue has grown 68.9% per year. These are computed facts, not advice.
As of FY2025, SPRUCE POWER HOLDING CORP reported $696M of total debt against $55M of cash; operating income covered interest expense 0.4×.
In FY2025, gross margin was —, operating margin 16.0%, and net margin -23.3%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.