secwatch / observer
8-K filed March 30, 2026, 7:59 PM ET ticker SPRU CIK 0001772720
earnings confidence high sentiment positive materiality 0.80

Spruce Power reports record 2025: operating income $17.9M, Op EBITDA $80.1M up 49%

SPRUCE POWER HOLDING CORP

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPRUCE POWER HOLDING CORP reported the full-year ended December 31, 2025 results: net income $26.0 million.

Period
the full-year ended December 31, 2025
Net income
$26.0 million
Result
reported results
Exact text from the filing
Net loss attributable to stockholders of $6.9 million and $26.0 million for the quarter and year, respectively, compared to net loss attributable to stockholders of $5.9 million and $70.5 million for the year-earlier periods
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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPRUCE POWER HOLDING CORP reported the fourth quarter ended December 31, 2025 results: revenue $24.0 million, net income $6.9 million, EPS $0.38 per share.

Period
the fourth quarter ended December 31, 2025
Revenue
$24.0 million
Net income
$6.9 million
EPS
$0.38 per share
Result
reported results
Exact text from the filing
Consolidated Financial Results Revenues totaled $24.0 million for the fourth quarter of 2025 , compared with $20.2 million for the fourth quarter of 2024. The year-over-year increase was primarily due to the November 2024 acquisition of a residential solar portfolio from NJR Clean Energy Ventures ("NJR") and improved solar renewable energy credits ("SRECs") revenue. The Spruce PRO service agreement signed with ADT in December 2024 also contributed to growth. Total operating expenses were $21.8 million for the fourth quarter of 2025, compared to $26.7 million for the fourth quarter of 2024. The year-over-year decline in operating expense is attributed primarily to a decrease in operations and maintenance costs and ongoing cost management efforts. Core Operating Expenses, which includes both SG&A expenses and O&M expenses was $14.9 million in the aggregate for the fourth quarter of 2025, down from $20.7 million in the year-earlier period. This includes $13.0 million of SG&A expenses and
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Source: SEC EDGAR
accession 0001628280-26-022031
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