Is Spruce Power Holding going out of business?

SPRUCE POWER HOLDING CORP (SPRU) Fundamentals

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

SPRUCE POWER HOLDING CORP (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 - Fragile

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. A disclosed filing event caps this reading; Event Risk carries the detail.

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

-88.7% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 3 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• ROE quality: -6.09%
• Filing event risk: Going-Concern Warning (-8 pts)
• 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)

Read from filings through 2026-08-26.

Price as of 2026-09-26.