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Spruce Power (SPRU) Revenue & Revenue Breakdown

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Spruce Power Revenue Highlights

Latest Revenue (Y)

$82.11M

Latest Revenue (Q)

$33.24M

Main Segment (Y)

PPA Revenue

Spruce Power Revenue by Period

Spruce Power Revenue by Year

DateRevenueChange
2024-12-31$82.11M2.81%
2023-12-31$79.86M244.31%
2022-12-31$23.19M48.68%
2021-12-31$15.60M-23.30%
2020-12-31$20.34M181.88%
2019-12-31$7.21M-24.41%
2018-12-31$9.54M-

Spruce Power generated $82.11M in revenue during NA 2024, up 2.81% compared to the previous quarter, and up 1138.00% compared to the same period a year ago.

Spruce Power Revenue by Quarter

DateRevenueChange
2025-06-30$33.24M39.55%
2025-03-31$23.82M17.76%
2024-12-31$20.23M-5.39%
2024-09-30$21.38M-4.91%
2024-06-30$22.48M22.93%
2024-03-31$18.29M10.82%
2023-12-31$16.50M-29.03%
2023-09-30$23.25M1.92%
2023-06-30$22.81M26.07%
2023-03-31$18.09M-0.10%
2022-12-31$18.11M116.66%
2022-09-30$8.36M177.74%
2022-06-30$3.01M-36.80%
2022-03-31$4.76M-40.69%
2021-12-31$8.03M150.97%
2021-09-30$3.20M-13.37%
2021-06-30$3.69M447.26%
2021-03-31$675.00K-93.79%
2020-12-31$10.87M71.71%
2020-09-30$6.33M230.96%
2020-06-30$1.91M55.19%
2020-03-31$1.23M338.43%
2019-12-31$281.00K-89.15%
2019-09-30$2.59M19.32%
2019-06-30$2.17M-
2019-03-31$2.17M-

Spruce Power generated $33.24M in revenue during Q2 2025, up 39.55% compared to the previous quarter, and up 181.76% compared to the same period a year ago.

Spruce Power Revenue Breakdown

Spruce Power Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22
PPA Revenue$38.39M$36.36M-
Product and Service, Other$3.23M$3.20M-
Service$778.00K$767.00K-
Operations and Maintenance--$3.17M

Spruce Power's latest annual revenue breakdown by segment (product or service), as of Dec 24: PPA Revenue (90.54%), Product and Service, Other (7.62%), and Service (1.83%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Sep 22Mar 22
Product and Service, Other$819.00K$662.00K$725.00K$962.00K$729.00K$817.00K-----
PPA Revenue$12.10M$7.90M$7.09M$11.46M$12.32M$7.52M$12.76M$11.37M$12.23M--
Service$730.00K$649.00K$244.00K$178.00K$356.00K------
Other Revenue----$747.00K$746.00K$1.07M$732.00K---
Loan Servicing---------$2.00K-
Operations and Maintenance---------$640.00K-
DrivetrainSegmentMember----------$598.00K
XLGridMember----------$4.17M

Spruce Power's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: PPA Revenue (88.65%), Product and Service, Other (6.00%), and Service (5.35%).

Spruce Power Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
NXTNextracker$2.96B$864.25M
MVSTMicrovast$379.80M$91.34M
OUSTOuster$111.10M$35.05M
SOLEmeren Group$92.07M$8.15M
SPRUSpruce Power$82.11M$33.24M
XOSXos$55.96M$5.88M

SPRU Revenue FAQ

What is Spruce Power’s yearly revenue?

Spruce Power's yearly revenue for 2024 was $82.11M, representing an increase of 2.81% compared to 2023. The company's yearly revenue for 2023 was $79.86M, representing an increase of 244.31% compared to 2022. SPRU's yearly revenue for 2022 was $23.19M, representing an increase of 48.68% compared to 2021.

What is Spruce Power’s quarterly revenue?

Spruce Power's quarterly revenue for Q2 2025 was $33.24M, a 39.55% increase from the previous quarter (Q1 2025), and a 47.85% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $23.82M, a 17.76% increase from the previous quarter (Q4 2024), and a 30.25% increase year-over-year (Q1 2024). SPRU's quarterly revenue for Q4 2024 was $20.23M, a -5.39% decrease from the previous quarter (Q3 2024), and a 22.57% increase year-over-year (Q4 2023).

What is Spruce Power’s revenue growth rate?

Spruce Power's revenue growth rate for the last 3 years (2022-2024) was 254.00%, and for the last 5 years (2020-2024) was 303.71%.

What are Spruce Power’s revenue streams?

Spruce Power's revenue streams in c 24 are PPA Revenue, Product and Service, Other, and Service. PPA Revenue generated $38.39M in revenue, accounting 90.54% of the company's total revenue, up 5.59% year-over-year. Product and Service, Other generated $3.23M in revenue, accounting 7.62% of the company's total revenue, up 0.91% year-over-year. Service generated $778K in revenue, accounting 1.83% of the company's total revenue, up 1.43% year-over-year.

What is Spruce Power’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Spruce Power was PPA Revenue. This segment made a revenue of $38.39M, representing 90.54% of the company's total revenue.