Spruce Power corrects Q1 2025 results: revenue $23.8M, net loss $15.3M

SPRUCE POWER HOLDING CORP

2025-Q1 EPS reported -$0.84 revenue$23,818,000

Revenue $23.8M (+30% YoY); Operating EBITDA $12.3M (+15% YoY).
Net loss attributable to stockholders $15.3M; total operating expenses $25.5M.
Core operating expenses (SG&A $14.1M + O&M $3.9M) = $18.0M, up from $16.6M Q1 2024.
Total cash $96.5M; total debt $723.8M (non-recourse, 6.0% blended rate).
Repurchased 0.3M shares at $2.70 avg price for $0.8M; $43M remaining in buyback program.

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