Filing Flows › Spruce Power Holding (SPRU) › Q1 2026 › vs Q1 2025
Spruce Power Holding (SPRU) Q1 2026 vs Q1 2025 (year over year)
Spruce Power Holding's revenue fell $414K (-2%) from $23.8M in Q1 2025 to $23.4M in Q1 2026. The biggest changes: Intangibles amortization, unfavorable solar renewable energy revenue agreements −$655K (-88%); Servicing revenues −$436K (-67%); Other revenue +$344K (+51%).
Spruce Power Holding, Q1 2026: revenue $23.4M (-2% year over year), operating margin 16.4%, net loss $2.9M, operating cash flow −$2.7M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| SLA revenues | $10.0M | $9.9M | $92K | +0.9% |
| PPA revenues | $7.6M | $7.9M | −$342K | -4% |
| Solar renewable energy credit revenues | $4.2M | $3.9M | $319K | +8% |
| Other revenue | $1.0M | $678K | $344K | +51% |
| Performance-based incentives | $332K | $68K | $264K | +388% |
| Servicing revenues | $213K | $649K | −$436K | -67% |
| Intangibles amortization, unfavorable solar renewable energy revenue agreements | $93K | $748K | −$655K | -88% |
| Revenue | $23.4M | $23.8M | −$414K | -2% |
| Net loss | $2.9M | $15.3M | −$12.5M | -81% |
| Costs & expenses | $26.3M | $39.1M | −$12.9M | -33% |
| Operating costs | $19.6M | $25.5M | −$6.0M | -23% |
| Interest & other, net | $6.7M | $13.6M | −$6.9M | -51% |
| SG&A | $11.6M | $14.7M | −$3.1M | -21% |
| Other operating costs | $8.0M | $10.9M | −$2.9M | -26% |
| Operating cash sources | $11.2M | $17.5M | −$6.3M | -36% |
| Depreciation & amortization | $7.5M | $7.5M | −$39K | -0.5% |
| Share-based compensation | $1.0M | $826K | $187K | +23% |
| Cash used in operations | $2.7M | $9.1M | −$6.4M | -70% |
| Net loss absorbed | $2.9M | $15.3M | −$12.5M | -81% |
| Working capital & other | $8.4M | $2.2M | $6.2M | +283% |
Questions
How much did Spruce Power Holding's revenue grow year over year in Q1 2026?
Spruce Power Holding's revenue fell $414K (-2%) from $23.8M in Q1 2025 to $23.4M in Q1 2026.
What drove Spruce Power Holding's revenue change in Q1 2026?
Intangibles amortization, unfavorable solar renewable energy revenue agreements −$655K (-88%); Servicing revenues −$436K (-67%); Other revenue +$344K (+51%).