Spruce Power Q1 2026: Operating income $3.8M vs ($1.7M) loss YoY, cash $85.6M

SPRUCE POWER HOLDING CORP

Revenue $23.4M flat YoY; net loss narrowed to $2.9M ($0.16/sh) from $15.3M ($0.84/sh).
Operating EBITDA up 49% YoY; O&M expense down 70%, SG&A down 21% YoY.
Adjusted cash flow from operations of $2.6M vs ($3.2M) prior year; debt paid down $8.2M.
Ended quarter with $85.6M cash ($4.71/sh); $42.0M remaining under buyback authorization.
Portfolio PV6 value $840M; 84k home solar assets with ~10-year average contract life.

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