---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-034941"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2026-05-14T17:07:46+00:00"
generated_at: "2026-05-14T17:09:13.476560+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-034941
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2026-05-14T17:07:46+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000162828026034941/0001628280-26-034941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000162828026034941/spru-20260513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-034941
- JSON: https://secwatch.observer/filing/0001628280-26-034941.json
- Plain text: https://secwatch.observer/filing/0001628280-26-034941.txt

## Key facts
- Earnings Releases
  SPRUCE POWER HOLDING CORP reported first quarter ended March 31, 2026 results: revenue $23.4 million, net income $2.9 million net loss, EPS $0.16 per share.
  - Period: first quarter ended March 31, 2026
  - Revenue: $23.4 million
  - Net income: $2.9 million net loss
  - EPS: $0.16 per share
  - Result: reported results
  source text: Revenues totaled $23.4 million for the first quarter of 2026 , compared with $23.8 million for the first quarter of 2025. Revenues for the first quarter are in line with prior year revenues, representing stable asset performance. Total operating expenses were $19.6 million for the first quarter of 2026, compared to $25.5 million for the first quarter of 2025. The year-over-year decline in operating expense is attributed primarily to a decrease in operations and maintenance costs and ongoing cost management efforts implemented in the third quarter 2025. Core Operating Expenses, which includes both SG&A expenses and O&M expenses was $12.7 million in the aggregate for the first quarter of 2026, down from $18.6 million in the year-earlier period. This includes $11.6 million of SG&A expenses and O&M expenses of $1.2 million in the first quarter of 2026, down from SG&A expense of $14.7 million and O&M expense of $3.9 million for the first quarter of 2025. The decreases in both total operatin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000162828026034941/0001628280-26-034941-index.htm

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