Is Spruce Power Holding going out of business?

Spruce Power Holding Corporation (SPRU) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Spruce Power Holding Corporation (SPRU) scores 13 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: ROE quality: -6.09%

Five questions, kept separate

Survival - Stable

36+ mo of estimated runway from 2026-06-30, based on $44.7M of cash and short-term investments against $12.4M of annual burn. Debt pressure is the other decisive risk.

Business quality - Mixed

22.4% operating margin and -11.4% FCF margin produce a mixed Business Quality assessment.

Trajectory - Accelerating

Revenue, operating margin and cash margin improved together. Revenue improved 10.3%; operating margin improved 59.3pp; FCF margin improved 52.6pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-91% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• ROE quality: -6.09%
• FCF margin: -11.40%
• Debt / Equity: 7.78x
• Net income trend: 211.90% (Loss narrowing)
• Revenue CAGR (3Y): 68.93%
• Revenue growth YoY: -8.75% (Industrial YoY)
• Return on Assets: -0.90%
• ROIC: 1.96%
• Shares dilution YoY: 1.90% (YoY)
• Asset Efficiency: 0.13x
• Cash Burn Deceleration: -69.54% QoQ improvement (Worsening)
• Revenue Quality: Quality concerns (DSO +14d, Rev +-9%)

Read from filings through 2026-08-13.

Price as of 2026-08-22.