---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-023549"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:24:05.031923+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spruce Power Q1 revenue $18.3M, net loss $2.5M; reaffirms 2024 guidance

## Summary
- Revenue of $18.3M, up from $18.1M YoY; Operating EBITDA of $10.7M.
- Net loss attributable to stockholders of $2.5M; unrestricted cash $120.6M.
- Appointed Chris Hayes as CEO; launched Spruce Pro servicing platform.
- Reaffirms 2024 Operating EBITDA $68-$86M and Adjusted Free Cash Flow $0-$5M.
- Paid $15.0M net in Q1 to settle securities class action; derivative settlement pending.

## SEC filing metadata
- accession: 0001628280-24-023549
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000162828024023549/0001628280-24-023549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000162828024023549/spru-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023549
- JSON: https://secwatch.observer/filing/0001628280-24-023549.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023549.txt

## Key facts
- Earnings Releases
  SPRUCE POWER HOLDING CORP reported the quarter ended March 31, 2024 results: revenue $18.3 million, net income net loss attributable to stockholders of $2.5 million. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $18.3 million
  - Net income: net loss attributable to stockholders of $2.5 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: of distributed solar energy assets across the United States, today reported financial results for the quarter ended March 31, 2024. Business Highlights • Reported 1Q revenue of $18.3 million, net loss attributable to stockholders of $2.5 million and Operating EBITDA of $10.7 million. • Ended quarter with strong liquidity position for future growth, with $120.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000162828024023549/0001628280-24-023549-index.htm

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