Spruce Power Holding Corporation reports third quarter revenue of $30.7 million and net loss of $0.9 million

Reuters
2025.11.11 21:06
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Spruce Power Holding Corporation reported Q3 2025 revenues of $30.7 million, a 44% increase year-over-year, with a net loss of $0.9 million, significantly improved from a $53.6 million loss in the prior year. Operating EBITDA rose to $26.2 million. The company holds $98.8 million in cash and has $705.6 million in outstanding debt. Recent developments include workforce reductions and office closures, alongside discussions regarding upcoming debt obligations. Spruce Power manages around 85,000 home solar assets across 18 states.