← SPRUCE POWER HOLDING CORP
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | $7.2m |
$20.3m
+181.88%
|
$15.6m
-23.30%
|
$23.2m
+48.68%
|
$79.9m
+244.31%
|
$82.1m
+2.81%
|
$111.8m
+36.18%
|
$111.4m
-0.37%
|
|
| Cost of revenue | $8.1m |
$17.6m
+117.88%
|
$16.3m
-7.38%
|
$9.9m
-38.95%
|
$37.8m
+280.07%
|
$40.0m
+5.71%
|
$38.9m
-2.68%
|
$36.1m
-7.09%
|
|
| Gross Profit | ($860k) |
$2.7m
+419.07%
|
($696k)
-125.36%
|
$13.2m
+2003.02%
|
$42.0m
+217.45%
|
$42.1m
+0.21%
|
$72.9m
+73.04%
|
$75.3m
+3.22%
|
|
| Selling, general and administrative expenses | $9.8m | $13.6m | $47.4m | $73.1m | $56.1m | $58.9m | $55.1m | $52.0m | |
| Total operating expenses | — | — | $35.1m | $83.1m | $116.7m | $132.5m | $93.9m | $88.2m | |
| Interest expense, net | $2.2m | $6.4m | $39k | $10.1m | $41.9m | $40.2m | $50.9m | $50.5m | |
| Interest income | — | — | — | ($1.3m) | ($19.5m) | ($22.8m) | ($20.7m) | $20.2m | |
| Other expense (income) | — | — | ($58k) | ($912k) | ($1.3m) | ($525k) | $699k | — | |
| Net loss from continuing operations | — | — | $52.6m | ($52.7m) | ($62.5m) | ($70.1m) | ($25.6m) | — | |
| Net income (loss) from discontinued operations | — | — | ($23.8m) | ($40.1m) | ($4.1m) | $25k | ($64k) | ($13.6m) | |
| Net loss | — | — | $28.8m | ($92.8m) | ($66.6m) | ($70.1m) | ($25.7m) | — | |
| Net loss attributable to stockholders | ($14.9m) | ($25.6m) | $28.8m | ($93.9m) | ($65.8m) | ($70.5m) | ($26.0m) | — | |
| Net loss from continuing operations per share, basic (in dollars per share) | — | — | — | ($3) | ($3) | ($4) | ($1) | — | |
| Net loss from continuing operations per share, diluted (in dollars per share) | — | — | — | ($3) | ($3) | ($4) | ($1) | — | |
| Net income (loss) from discontinued operations, per share, basic (in dollars per share) | — | — | — | ($2) | ($0) | $0 | $0 | ($13.6m) | |
| Net loss attributable to stockholders per share, basic (in dollars per share) | ($0) | ($1) | $0 | ($1) | ($4) | ($4) | ($1) | — | |
| Net loss attributable to stockholders per share, diluted (in dollars per share) | ($0) | ($1) | $0 | ($1) | ($4) | ($4) | ($1) | — | |
| Less: Net income attributable to noncontrolling interests | — | — | $0 | $1.1m | ($779k) | $436k | $320k | — | |
| Weighted-average shares outstanding, basic (in shares) | 79.8m | 84.6m | 138.5m | 142.7m | 18.4m | 18.5m | 18.1m | — | |
| Weighted-average shares outstanding, diluted (in shares) | 79.8m | 84.6m | 148.5m | 142.7m | 18.4m | 18.5m | 18.1m | — | |
| Litigation settlements | — | — | — | $0 | $27.5m | $7.4m | $1.7m | — | |
| Gain on asset disposal, net | — | — | $26k | ($580k) | ($4.7m) | ($2.5m) | ($1.9m) | — | |
| Impairment of goodwill | — | — | — | — | $0 | $28.8m | $0 | — | |
| Income (loss) from operations | ($13.6m) |
($15.3m)
-12.71%
|
($58.9m)
-285.16%
|
($59.9m)
-1.64%
|
($36.8m)
+38.51%
|
($50.4m)
-36.87%
|
$17.9m
+135.60%
|
$23.2m
+29.48%
|
|
| Change in fair value of warrant liabilities | — | — | ($90.1m) | ($5.1m) | ($239k) | ($17k) | $0 | — | |
| Change in fair value of interest rate swaps | ($819k) | $2.9m | $0 | ($5.6m) | $4.8m | $2.8m | $12.7m | — |