Filing Flows › Spruce Power Holding (SPRU) › Q4 2024
Spruce Power Holding (SPRU) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Spruce Power Holding (SPRU) reported revenue of $20.2M for the fourth quarter 2024 (Q4 2024), +29% from a year earlier and -5% from the quarter before. Operating margin was -31.8%, net loss $5.5M (27.1% of revenue).
Spruce Power Holding, Q4 2024: revenue $20.2M (+29% year over year), operating margin -31.8%, net loss $5.5M, operating cash flow −$13.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2M | -5% | +29% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$5.5M | — | — |
| Operating cash flow | −$13.5M | — | — |
What changed
Revenue was $20.2M in Q4 2024, up 29% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $6.4M, an operating margin of -31.8%. Total costs grew 10% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+1687%). The quarter ended with a net loss of $5.5M, narrower than the previous quarter's $53.6M loss.
Operating cash flow was −$13.5M. Non-cash charges added back $8.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $17.6M. Capital expenditures of $172K exceeded it, leaving free cash flow of −$13.6M.
Questions
What was Spruce Power Holding's revenue in the fourth quarter 2024?
Spruce Power Holding (SPRU) reported revenue of $20.2M for the fourth quarter 2024 (Q4 2024), +29% from a year earlier and -5% from the quarter before.
Was Spruce Power Holding profitable in the fourth quarter 2024?
Operating loss was $6.4M (-31.8% of revenue) and net loss $5.5M.