Filing Flows › Spruce Power Holding (SPRU) › Q1 2026
Spruce Power Holding (SPRU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Spruce Power Holding (SPRU) reported revenue of $23.4M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -3% from the quarter before. Operating margin was 16.4%, net loss $2.9M (12.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.4M | -3% | -2% |
| Operating profit | $3.8M | +71% | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $23.4M in Q1 2026, down 2% year over year and down 3% from the previous quarter. SLA revenues was the largest line at 43% of revenue. Intangibles amortization, unfavorable solar renewable energy revenue agreements lost $655K year over year (down 88%), 158% of the total change.
Operating profit was $3.8M, a 16.4% margin (up 23.6 points year over year). Total costs fell 23% while revenue fell 2%. The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $6.8M loss. Net interest and other expense of $6.7M was the main reason.
Operating cash flow was −$2.7M. Non-cash charges added back $7.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $8.4M.
Questions
What was Spruce Power Holding's revenue in the first quarter 2026?
Spruce Power Holding (SPRU) reported revenue of $23.4M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -3% from the quarter before.
Was Spruce Power Holding profitable in the first quarter 2026?
Operating profit was $3.8M (16.4% of revenue) and net loss $2.9M.