Filing Flows › Spruce Power Holding (SPRU) › Q2 2026
Spruce Power Holding (SPRU) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Spruce Power Holding (SPRU) reported revenue of $30.3M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +30% from the quarter before. Operating margin was 32.2%, net earnings $3.3M (10.9% of revenue).
Spruce Power Holding, Q2 2026: revenue $30.3M (-9% year over year), operating margin 32.2%, net earnings $3.3M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.3M | +30% | -9% |
| Operating profit | $9.8M | +154% | +10% |
| Net earnings | $3.3M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $30.3M in Q2 2026, down 9% year over year and up 30% from the previous quarter. PPA revenues was the largest line at 40% of revenue. Performance-based incentives lost $1.4M year over year (down 87%), 49% of the total change.
Operating profit was $9.8M, a 32.2% margin (up 5.5 points year over year). Total costs fell 16% while revenue fell 9%. Net earnings were $3.3M. The effective tax rate was 0.0%.
Operating cash flow was −$3.2M. Non-cash charges added back $7.7M of depreciation and amortization and $163K of share-based compensation. Working capital and other items used $14.6M.
Questions
What was Spruce Power Holding's revenue in the second quarter 2026?
Spruce Power Holding (SPRU) reported revenue of $30.3M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +30% from the quarter before.
Was Spruce Power Holding profitable in the second quarter 2026?
Operating profit was $9.8M (32.2% of revenue) and net earnings $3.3M.