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Companies / Utilities / Spruce Power Holding Corporation
SPRU

Spruce Power Holding Corporation

UtilitiesElectric, Gas & Water
Ticker SPRUHOUSTON, TXFiscal year ends DecemberBook value per share $5.48Diluted shares 22.0M

Spruce Power Holding Corporation (NYSE: SPRU) owns and operates distributed home solar energy systems across the United States, providing subscription-based services primarily to homeowners. It earns revenue through long-term leases and sales of electricity under customer agreements, sales of solar renewable energy… From the company’s description.

Over the twelve months to Jun 30, 2026, Spruce Power Holding Corporation reported revenue of $108.52M, up 10.3% from a year earlier, and a net loss of $6.91M. Its operating margin was 22.4%, and operations generated $2.01M in cash. In fiscal 2025, it reported revenue of $111.81M, up 36.2% from fiscal 2024, and a net loss of $25.71M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$111.81MFY2025
+36.2% year over year
Last 12 mo $108.52M
16.04%FY2025
+77.4 percentage points
Last 12 mo 22.44%
$-25.71MFY2025
+63.3% year over year
Last 12 mo $-6.91M
-21.90%FY2025
+27.1 percentage points
Last 12 mo -6.09%
Cash & financing
$-3.53MFY2025
+91.6% year over year
Last 12 mo $2.01M
$-3.75MFY2025
+91.1% year over year
Last 12 mo $1.98M
5.70FY2025
Was 4.91× a year earlier
Last 12 mo 5.50
18.1MFY2025
−2.2% year over year
Last 12 mo 22.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Spruce Power Holding Corporation does

In the company’s own words

Spruce Power Holding Corporation (NYSE: SPRU) owns and operates distributed home solar energy systems across the United States, providing subscription-based services primarily to homeowners. It earns revenue through long-term leases and sales of electricity under customer agreements, sales of solar renewable energy credits, and servicing of solar portfolios owned by third parties. Its Spruce Pro platform provides billing and collections, account support, financial asset management, homeowner support, system operations, and renewable energy credit services for residential, commercial, and industrial assets. The company’s business is organized around its owned solar portfolio and third-party portfolio servicing; it reports approximately 84,000 home solar assets and customer contracts, alongside Spruce Pro services contracted for more than 60,000 third-party-owned systems. As of December 31, 2025, its 14 solar portfolios had combined capacity of approximately 509 MWdc and were spread across 18 states. Spruce Power acquired its current solar business in 2022 after previously operating as XL Fleet in commercial vehicle electrification, then sold that business in 2023. Its website is www.sprucepower.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1772720
SIC
4911

Financial performance, year by year

Fiscal 2020–2025 · USD
$-113.25M$-51.87M$9.51M$70.89M$132.27M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Spruce Power Holding Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

22
funds hold it
0 of 35
superinvestors hold it
$2.55M
held by funds, at market
5.0%
of shares held by funds

Largest fund holders · Spruce Power Holding Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Ultra-Small Company Market Fund
BRSIX · Bridgeway Funds, Inc.
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Spruce Power Holding Corporation and its peers compare on margins and cash generation over ten years?”
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