SPRUNYSEElectric ServicesFiscal year ends December 31
SPRUCE POWER HOLDING CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$1.35+0.04 (+3.05%)
Close on Oct 19, 2026
- Market cap
- $29.63M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
–
Operating margin
16.0%+91.2 pts over 5 years
Net margin
-23.3%+274.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +36.2% | +68.9% | +40.6% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -69.2% | -19.8% | |
| Return on assets | – | -34.0% | -3.0% | |
| Current ratio | – | 38.02 | 0.49 | |
| Debt to equity | – | 0.00 | 5.70 | |
| Net debt to EBITDA | – | 22.46× | 12.92× | |
| Interest coverage | – | -162.7× | 0.4× | |
| Inventory turnover | – | 6.1× | – | |
| Capex to revenue | – | 0.7% | 0.2% | |
| Diluted shares | – | 11M | 212M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Spruce Power generated $170.68M from operations and spent $12.81M on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$170.68M
Used
$12.81M
Capital expenditure$4.72M37%Dividends$00%Share buybacks$8.10M63%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-23.3%
×Asset turnover0.13×
×Equity multiplier6.61×
=Return on equity, FY2025-19.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -23.3% | 0.13× | 6.61× | -19.8% |
| FY2020 | -298.0% | 0.11× | 2.03× | -69.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$26.03M
- Cash generatingOperating cash flow above zero-$3.53M
- Return on assets improvedROA up on the prior year-7.9% → -2.9%
- Earnings backed by cashOperating cash flow above net income-$3.53M vs -$26.03M
- Less leverageLong-term debt to assets fell75.4% → 55.3%
- Better liquidityCurrent ratio rose2.29 → 0.49
- No dilutionShare count did not rise217M → 212M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.09 → 0.12