undamentalytics Newsletter
Sign in

Spruce Power Holding Corp key statistics and ratios

In fiscal 2025, Spruce Power Holding Corp had return on equity of -19.8% and a net margin of -23.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−206.5%−298.0%—−405.0%−82.4%−85.9%−23.3%−6.8%
Return on equity—−69.2%10.5%−28.9%−26.1%−39.3%−19.8%−6.1%
Return on assets−161.1%−34.0%7.8%−15.4%−7.6%−7.9%−3.0%−0.9%
R&D as % of revenue39.8%21.9%——————
SG&A as % of revenue136.3%66.8%—315.2%70.3%71.7%49.3%44.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 7 checks passed · June 30, 2026
What it owns · $818m
Short-term assets $114mLonger-term assets $704m
What it owes, and who funded it · $816m
Short-term liabilities $289mLonger-term liabilities $406mShareholders' equity $120m
  • Short-term assets cover short-term liabilities $114m of assets due within a year against $289m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $114m short-term assets against $406m of longer-dated liabilities.
  • More cash than debt $45m of cash against $663m of debt.
  • Debt below 40% of shareholders' equity Debt is 550% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 550% over five years.
  • A year's operating cash flow covers at least 20% of debt $2m of operating cash flow against $663m of debt.
  • Operating profit covers interest at least five times over Operating income of $24m against $51m of interest.

From Spruce Power Holding Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

14 /100

Weak moat

How hard Spruce Power Holding's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -8.0% of total assets over 7 years.

  • Durability 10 / 20

    Operating margin has been a median -65.5%; its worst year was -877.1%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 6 years, at a median -72.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (19 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: MNTK vs SPRUSPRU vs SUNEELLO vs SPRU

More: Renewable Electricity stocks compared, Utilities sector, rankings of US companies

Figures from Spruce Power Holding Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Spruce Power Holding Corp.