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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)

$30.73M

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
2025-09-30$30.73M-7.56%
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 $30.73M in revenue during Q3 2025, up -7.56% compared to the previous quarter, and up 136.68% 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/ServiceSep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Sep 22Mar 22
Service$943.00K$730.00K$649.00K$244.00K$178.00K$356.00K------
PPA Revenue$11.45M$12.10M$7.90M$7.09M$11.46M$12.32M$7.52M$12.76M$11.37M$12.23M--
Product and Service, Other$1.04M$819.00K$662.00K$725.00K$962.00K$729.00K$817.00K-----
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 Sep 25: PPA Revenue (85.23%), Product and Service, Other (7.75%), and Service (7.02%).

Spruce Power Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MAXNMaxeon Solar$1.12B$187.46M
KLXEKLX Energy Services$709.30M$166.70M
SPWRSunPower$108.74M$67.52M
SPRUSpruce Power$82.11M$30.73M
RCONRecon$67.11M$3.11M
BEEMBeam Global$49.34M$5.79M
SMXTSolarmax$22.99M$30.60M
USEGU.S. Energy$20.62M$1.74M
VVPRVivoPower$15.10M$5.91M
DWSNDawson Geophysical-$-25.93M

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 Q3 2025 was $30.73M, a -7.56% decrease from the previous quarter (Q2 2025), and a 43.73% increase year-over-year (Q3 2024). The company'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). SPRU'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).

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.