📊 SPRU Key Takeaways
Is Spruce Power Holding Corp. (SPRU) a Good Investment?
Spruce Power is in financial distress with critically unsustainable leverage and a severe debt servicing crisis. An interest coverage ratio of 0.4x means the company cannot cover interest expenses from operating income, forcing reliance on asset sales or capital raises. Negative operating cash flow combined with poor liquidity ratios signals imminent refinancing risk.
Spruce Power Holding Corp. Key Strengths (SPRU)
- Positive operating income of $3.8M with reasonable 16.4% operating margin shows some operational viability
- Meaningful asset base of $824.4M provides collateral and regulatory stability as regulated utility
- Adequate cash position of $50M offers near-term liquidity buffer
SPRU Stock Risks: Spruce Power Holding Corp. Investment Risks
- Critical interest coverage of 0.4x means company cannot service debt from operations—unsustainable and distress signal
- Negative operating cash flow of -$2.7M indicates the business is burning cash operationally despite positive EBIT
- Extreme leverage with 5.88x debt-to-equity ratio and $687.3M debt vs $116.9M equity creates refinancing risk
- Weak liquidity with 0.48x current ratio and 0.42x quick ratio—insufficient to meet near-term obligations
- Severe gross margin of 0.6% indicates structural cost or pricing problems that threaten long-term viability
- Net loss of $2.9M despite positive operations confirms high financing costs are unsustainable
Key Metrics to Watch
- Interest coverage ratio—must improve above 1.5x minimum for stability
- Operating cash flow—critical to return to positive territory
- Current ratio—monitor for liquidity crisis as current ratio below 0.5x is distress level
- Debt restructuring progress—refinancing or debt reduction urgently needed
- Gross margin—investigate and resolve underlying cost structure issues
Spruce Power Holding Corp. (SPRU) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
SPRU Profit Margin, ROE & Profitability Analysis
SPRU vs Utilities Sector: How Spruce Power Holding Corp. Compares
How Spruce Power Holding Corp. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Spruce Power Holding Corp. Stock Overvalued? SPRU Valuation Analysis 2026
Based on fundamental analysis, Spruce Power Holding Corp. shows some fundamental concerns relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Spruce Power Holding Corp. Balance Sheet: SPRU Debt, Cash & Liquidity
SPRU Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Spruce Power Holding Corp.'s revenue has grown significantly by 382% over the 5-year period, indicating strong business expansion. The most recent EPS of $-3.82 indicates the company is currently unprofitable.
SPRU Revenue Growth, EPS Growth & YoY Performance
SPRU Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $23.4M | -$2.9M | $-0.16 |
| Q3 2025 | $21.4M | -$860.0K | $-0.05 |
| Q2 2025 | $22.5M | -$3.0M | $-0.17 |
| Q1 2025 | $18.3M | -$2.5M | $-0.13 |
| Q3 2024 | $21.4M | -$19.3M | $-1.11 |
| Q2 2024 | $22.5M | $3.1M | $0.15 |
| Q1 2024 | $18.1M | -$2.5M | $-0.13 |
| Q3 2023 | $5.1M | -$19.3M | $-1.11 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Spruce Power Holding Corp. Dividends, Buybacks & Capital Allocation
SPRU SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Spruce Power Holding Corp. (CIK: 0001772720)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SPRU
What is the AI rating for SPRU?
Spruce Power Holding Corp. (SPRU) has an AI grade of D with 82% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SPRU's key strengths?
Claude: Positive operating income of $3.8M with reasonable 16.4% operating margin shows some operational viability. Meaningful asset base of $824.4M provides collateral and regulatory stability as regulated utility.
What are the risks of investing in SPRU?
Claude: Critical interest coverage of 0.4x means company cannot service debt from operations—unsustainable and distress signal. Negative operating cash flow of -$2.7M indicates the business is burning cash operationally despite positive EBIT.
What is SPRU's revenue and growth?
Spruce Power Holding Corp. reported revenue of $23.4M.
Does SPRU pay dividends?
Spruce Power Holding Corp. does not currently pay dividends.
Where can I find SPRU SEC filings?
Official SEC filings for Spruce Power Holding Corp. (CIK: 0001772720) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SPRU's EPS?
Spruce Power Holding Corp. has a diluted EPS of $-0.16.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SPRU's fundamental grade?
Based on our AI fundamental analysis in May 2026, Spruce Power Holding Corp. has a D grade with 82% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SPRU stock overvalued or undervalued?
Valuation metrics for SPRU: ROE of -2.5% (sector avg: 10%), net margin of -12.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is SPRU's AI grade for 2026?
Our dual AI analysis gives Spruce Power Holding Corp. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SPRU's free cash flow?
Spruce Power Holding Corp.'s operating cash flow is $-2.7M, with capital expenditures of $0.0. FCF margin is -11.5%.
How does SPRU compare to other Utilities stocks?
Vs Utilities sector averages: Net margin -12.5% (avg: 12%), ROE -2.5% (avg: 10%), current ratio 0.48 (avg: 0.8).
Is Spruce Power Holding Corp. carrying too much debt?
SPRU has a debt-to-equity ratio of 5.88x, which is above the Utilities sector average of 1.4x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.