---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-022436"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:56:32.414916+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spruce Power Q4 revenue $18.1M, net loss $43.2M; acquires SEMTH portfolio (~22,500 customers)

## Summary
- Revenue $18.1M in Q4 2022 vs $5.1M prior quarter (first full quarter post-acquisition).
- Net loss $43.2M: continuing ops loss $27.7M, discontinued ops loss $14.7M.
- Adjusted EBITDA $3.5M in Q4 vs ($8.3M) in Q3 2022.
- Acquired SEMTH Portfolio: ~22,500 residential solar customers with ~$21M annual recurring collections.
- Legal fees of $3.8M in Q4 related to class action complaints and SEC investigation.

## SEC filing metadata
- accession: 0001213900-23-022436
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390023022436/0001213900-23-022436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390023022436/ea175660-8k_sprucepower.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-022436
- JSON: https://secwatch.observer/filing/0001213900-23-022436.json
- Plain text: https://secwatch.observer/filing/0001213900-23-022436.txt

## Key facts
- Earnings Releases
  SPRUCE POWER HOLDING CORP reported the quarter and full year ended December 31, 2022 results: revenue $18.1 million, net income $43.2 million.
  - Period: the quarter and full year ended December 31, 2022
  - Revenue: $18.1 million
  - Net income: $43.2 million
  - Result: reported results
  source text: in annual Adjusted EBITDA, and today announced the acquisition of the SEMTH Portfolio, adding approximately 22,500 residential solar customers ● Reported total revenue of $18.1 million in 4Q2022, reflecting the first full quarter contribution of Spruce Power ● Exited 4Q22 with approximately 51,000 customers and PV6 Gross Earning Assets of $739mm ● Christian
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390023022436/0001213900-23-022436-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.