The earnings call highlights significant revenue and EBITDA growth, cost reduction achievements, and a robust cash position, which indicate strong operational performance. However, policy changes affecting tax credits and increased legal fees present challenges. The sentiment leans toward positive due to the substantial growth and cost management initiatives that are in place.

Company Guidance -

Q3 2025

During the Spruce Power Second Quarter 2025 Earnings Results Conference Call, CEO Christopher M. Hayes reported a 48% increase in revenue and a 71% growth in operating EBITDA compared to the previous year, primarily due to the acquisition of 9,800 rooftop assets and growth in SREC revenue. Core operating expenses, including SG&A and O&M, were $17.2 million, reflecting a 19% reduction from the prior year. With over $90 million in cash, Spruce Power is focused on achieving positive free cash flow by leveraging its existing portfolio of approximately 145,000 solar systems and transitioning towards a more sustainable model. Despite challenges in the residential solar sector due to policy changes, Spruce’s differentiated business model, which does not rely on aggressive customer acquisition or IRA tax credits, positions it for continued growth. The company also highlighted its strategy of opportunistic M&A, programmatic offtake, and expanding its Spruce Pro servicing business as key revenue drivers, with recent developments including a multiyear SREC agreement expected to generate $10 million in revenue through 2029.

Significant Revenue Growth

Spruce reported a 48% increase in revenue compared to the year earlier period, primarily due to the acquisition of approximately 9,800 rooftop assets from NJR Resources and growth in solar renewable energy credits (SREC) revenue.

Operating EBITDA Growth

Spruce experienced a 71% year-over-year growth in operating EBITDA, reflecting strong operational performance.

Cost Reduction Achievements

Core operating expenses, including SG&A and O&M, were $17.2 million, down 19% from the year earlier period. Operations and maintenance (O&M) expenses decreased 52% year-over-year.

Robust Cash Position

The company's balance sheet remains robust with over $90 million in cash, the majority of which is unrestricted.

Positive Programmatic Offtake and Servicing Growth

Spruce Pro, the company's third-party solar servicing platform, is generating new wins, including a full scope deal servicing a group of systems in San Diego.

Spruce Power Holding (SPRU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SPRU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	- / -	-0.239	―	―	―
Aug 11, 2025	2025 (Q2)	- / -0.17	-0.151	-12.58% (-0.02)	―
May 14, 2025	2025 (Q1)	- / -0.84	-0.13	-546.15% (-0.71)	―
Mar 31, 2025	2024 (Q4)	- / -0.84	-0.13	-546.15% (-0.71)	―
Nov 13, 2024	2024 (Q3)	-0.10 / -0.24	-0.068	-251.47% (-0.17)	―
Aug 14, 2024	2024 (Q2)	-0.07 / -0.15	-0.115	-31.30% (-0.04)	―
May 15, 2024	2024 (Q1)	- / -0.13	-0.419	68.97% (+0.29)	―
Mar 14, 2024	2023 (Q4)	- / -2.81	-2.4	-16.96% (-0.41)	―
Nov 09, 2023	2023 (Q3)	- / -0.07	-1.2	94.33% (+1.13)	―
Aug 10, 2023	2023 (Q2)	- / -0.12	-0.659	82.55% (+0.54)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPRU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$1.45	$1.38	-4.83%
May 14, 2025	$1.58	$1.77	+12.03%
Mar 31, 2025	$2.41	$2.12	-12.03%
Nov 13, 2024	$2.49	$2.29	-8.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Spruce Power Holding (SPRU) report earnings?

Spruce Power Holding (SPRU) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Spruce Power Holding (SPRU) earnings time?

Spruce Power Holding (SPRU) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SPRU EPS forecast?

Currently, no data Available

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