Spruce Power Holding Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $111.8M | $82.1M | $79.9M | $23.2M | $0 | $20.3M | $7.2M |
| Cost of Revenue | — | — | $37.8M | $9.9M | $16.3M | $17.6M | $8.1M |
| Gross Profit | — | — | $42.0M | $13.2M | $-696.0K | $2.7M | $-860.0K |
| Gross Margin | — | — | 52.7% | 57.1% | — | 13.5% | -11.9% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | $10.8M | $4.4M | $2.9M |
| SG&A Expense | $55.1M | $58.9M | $56.1M | $73.1M | $35.1M | $13.6M | $9.8M |
| Operating Income | $17.9M | $-50.4M | $-36.8M | $-59.3M | $-35.1M | $-15.3M | $-13.6M |
| Operating Margin | 16.0% | -61.4% | -46.1% | -255.6% | — | -75.2% | -188.1% |
| Interest Expense | — | — | $41.9M | $11.4M | $37.0K | $94.0K | $99.0K |
| Pretax Income | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | — | — | — | — | — | — |
| Net Income | $-26.0M | $-70.5M | $-65.8M | $-93.9M | $28.8M | $-60.6M | $-14.9M |
| Net Margin | -23.3% | -85.9% | -82.4% | -405.0% | — | -298.0% | -206.5% |
| EPS (Basic) | $-1.44 | $-3.82 | $-3.58 | $-5.27 | $0.21 | $-0.72 | $-0.19 |
| EPS (Diluted) | $-1.44 | $-3.82 | $-3.58 | $-5.27 | $0.19 | $-0.72 | $-0.19 |
| Shares Outstanding (Basic) | 18.1M | 18.5M | 18.4M | 17.8M | 138.5M | 84.6M | 79.8M |
| Shares Outstanding (Diluted) | 18.1M | 18.5M | 18.4M | 17.8M | 148.5M | 84.6M | 79.8M |
| Dividends Per Share | — | — | — | — | — | — | — |