Every 10-Q that Spruce Power Holding Corporation (SPRU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPRU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPRU filings page.
Spruce Power Holding Corporation operates a portfolio of approximately 83,000 residential solar assets and customer contracts, generating revenue mainly from long-term power purchase and lease agreements, sales of solar renewable energy credits (SRECs), and servicing third‑party systems. For the quarter ended June 30, 2026, revenue was $30.3 million versus $33.3 million a year earlier, while operating expenses declined more sharply, lifting income from operations to $9.8 million from $8.9 million. Net income attributable to stockholders improved to $3.3 million (basic EPS $0.18) from a loss of $3.0 million (loss per share $0.17) in 2025; for the first six months, net income was $0.4 million compared with a loss of $18.3 million.
Cash and cash equivalents totaled $44.7 million and restricted cash $36.9 million at June 30, 2026, against total non‑recourse debt of $662.6 million (principal $679.5 million), most secured by solar assets. The company reported negative operating cash flow of $5.9 million for the first half of 2026, an improvement from $11.5 million used a year earlier. Management discloses substantial doubt about the ability to continue as a going concern due to large near‑term maturities on the SP1 and SP2 non‑recourse facilities, a working capital deficit of $175.0 million, and lack of committed refinancing. Spruce is pursuing refinancings and has engaged a financial advisor, but states it cannot assure success, and failure could lead to foreclosure on collateral and cross‑defaults under the Second KeyBank Credit Agreement.
Spruce Power Holding Corporation reported a smaller net loss but raised serious liquidity concerns. For the three months ended March 31, 2026, revenue was $23.4 million, roughly flat with $23.8 million a year earlier, while net loss attributable to stockholders improved to $2.9 million from $15.3 million, or $0.16 per share versus $0.84.
The loss narrowed mainly through lower operations and maintenance costs, reduced selling, general and administrative expenses, and a favorable $0.8 million change in the fair value of interest rate swaps compared with a $6.2 million loss in 2025. Cash and cash equivalents were $50.0 million with $35.6 million of restricted cash, against $668.3 million of non-recourse debt (principal $687.3 million).
The company discloses that upcoming maturities on its SP1 Facility, due October 30, 2026 (or January 30, 2027 if a long-term financing term sheet is signed), and its SP2 Facility, due May 14, 2027, create substantial doubt about its ability to continue as a going concern. Management plans to refinance these facilities and has begun lender discussions, but there is no committed refinancing, and failure could lead to foreclosure on collateral and a cross-default under another non-recourse credit agreement.
Spruce Power Holding Corporation reported stronger operating results for the quarter ended September 30, 2025. Revenue rose to $30.7 million from $21.4 million a year ago, and income from operations improved to $8.5 million from a prior loss. Net loss attributable to stockholders narrowed to $0.9 million from $53.5 million in the prior-year quarter as depreciation, operating costs, and litigation expenses eased.
Liquidity remains tight due to non-recourse debt timing. Current non-recourse debt increased to $218.5 million with the SP1 Facility maturing on April 30, 2026. The company disclosed that these conditions raise substantial doubt about its ability to continue as a going concern, while noting plans to refinance and term sheets under review. Cash and cash equivalents were $53.6 million and restricted cash $45.1 million. For the nine months, operating cash flow was near break-even at $(0.2) million. The company continued integrating the NJR acquisitions, adding systems for about $4.8 million year-to-date.
Spruce Power (SPRU) owns and operates distributed residential solar assets and reported revenue of $33.2 million for the quarter ended June 30, 2025, up from $22.5 million a year earlier. Operating income improved to $8.9 million for the quarter versus an operating loss in the prior-year quarter, driven by higher PPA, SLA and SREC revenues.
The company had $862.6 million in total assets and $127.4 million of total equity at June 30, 2025. Cash and cash equivalents were $53.5 million and restricted cash $36.9 million, totaling $90.5 million. Non-recourse debt totaled $695.0 million (current portion $215.6 million), and management notes the SP1 facility matures April 30, 2026 and intends to seek refinancing but gives no assurance. The company reported a six-month net loss of $18.2 million and disclosed substantial doubt about its ability to continue as a going concern absent refinancing.