---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-065620"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:36:16.587380+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spruce Power Q2 record net income $3.1M; revenue $22.8M; 72k+ solar assets

## Summary
- Q2 revenue $22.8M vs Q1 $18.1M; net income $3.1M vs Q1 loss $19.4M.
- Adjusted EBITDA plus lease proceeds $13.8M; business cash inflows annual run rate $110-130M.
- Executed LOI to acquire 2,400 home solar assets, expected close Q3 2023; total assets >75,000.
- Board approved 1:8 reverse stock split to comply with NYSE; shareholder vote in October.
- Repurchased 1.9M shares at $0.87 avg in Q2; $46.8M remaining under $50M buyback program.

## SEC filing metadata
- accession: 0001213900-23-065620
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1772720/000121390023065620/0001213900-23-065620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390023065620/ea183295-8k_sprucepower.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-065620
- JSON: https://secwatch.observer/filing/0001213900-23-065620.json
- Plain text: https://secwatch.observer/filing/0001213900-23-065620.txt

## Key facts
- Earnings Releases
  SPRUCE POWER HOLDING CORP reported the second quarter ended June 30, 2023 results: revenue $22.8 million, net income $3.1 million. Guidance initiated.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $22.8 million
  - Net income: $3.1 million
  - Guidance: initiated
  - Result: reported results
  source text: Reported 2Q revenue of $22.8 million, net income attributable to stockholders of $3.1 million, and adjusted EBITDA, together with proceeds from investment in lease agreement, of $13.8 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390023065620/0001213900-23-065620-index.htm

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