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SPRU · NYSE · United States · Electric Services
In shortSPRUCE POWER HOLDING CORP is loss-making, burns cash and carries heavy debt, with revenue growing (+36.2% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.0% | 70/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -23.3% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -19.8% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 1.8% | 12/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.49× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 5.70× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 12.92× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.35× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -2.02 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.4% | 7/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 144.5% | 0/100 |
| Operating margin volatility | 117.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 68.9% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 23 | 80 | 82 | 112 |
| Cost of revenue | 16 | 9.9 | 38 | – | – |
| Gross profit | (0.7) | 13 | 42 | – | – |
| Research & development | 11 | – | – | – | – |
| Selling, general & admin | 35 | 73 | 56 | 59 | 55 |
| Operating income | (35) | (59) | (37) | (50) | 18 |
| Interest expense | 0 | 11 | 42 | 40 | 51 |
| Income tax | – | – | – | – | 0 |
| Net income | 29 | (94) | (66) | (70) | (26) |
| Diluted EPS | $0.19 | −$5.27 | −$3.58 | −$3.82 | −$1.44 |
| Diluted shares (millions) | 149 | 18 | 18 | 18 | 18 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
−2.02 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 13, 2026