Spruce Power Holding Corporation balance sheet SPRU

Annual Quarterly

As of Jun 30, 2026, Spruce Power Holding Corporation had total assets of $818.4 million and total liabilities of $695.5 million. Total assets were down 5.1% from a year earlier. Stockholders' equity was $120.4 million. It held $44.7 million in cash and investments against $684.2 million of total debt, net debt of $639.5 million. The current ratio, current assets divided by current liabilities, was 0.40.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019
Assets
Cash	45 -16.5%	55 -24.7%	73 -48.5%	141 -35.8%	220 -37.4%	352 +6.7%	330 +9635.4%	3
Cash and investments	45 -16.5%	55 -24.7%	73 -48.5%	141 -35.8%	220 -37.4%	352 +6.7%	330 +9635.4%	3
Receivables	26 +32.6%	16 +4.9%	15 +63.4%	9 +10.2%	8	0 -100.0%	11	—
Inventory	—	—	—	—	—	15 +327.0%	4	—
Total current assets	114 -4.2%	116 -15.1%	136 -32.9%	203 -26.0%	275 -26.6%	375 +8.5%	345 +4776.7%	7
Property and equipment, net	545 -5.7%	561 -4.7%	589 +21.6%	484 +22.3%	396	0 -100.0%	1	—
Goodwill	—	—	0	29 -77.6%	129	0 -100.0%	0	—
Total assets	818 -5.1%	837 -6.8%	898 +0.4%	895 +8.3%	827 +110.2%	393 +13.3%	347 +3651.9%	9
Liabilities and equity
Accounts payable	1 +48.0%	2 +94.1%	1 -11.9%	1 -61.4%	3 +316.6%	1 -84.1%	4	—
Total current liabilities	289 +20.8%	239 +300.8%	60 -16.9%	72 +20.1%	60 +258.9%	17 +83.1%	9 -41.4%	15
Total liabilities	695 -5.4%	716 -4.8%	752 +10.6%	680 +26.6%	538 +1611.4%	31 -80.1%	158 +589.0%	23
Stockholders' equity	120 -3.7%	121 -17.0%	146 -31.9%	215 -25.7%	289	—	—	—
Debt
Debt due within a year	287 +20.6%	233 +333.9%	54 -4.0%	56 -4.9%	59 +279552.4%	0 -78.6%	0	—
Long-term debt	393 -18.0%	463 -31.6%	677 +14.6%	591 +24.5%	474	0	—	—
Lease liabilities	5 -16.4%	5 -10.7%	6 -16.8%	7 +111.6%	3 -6.3%	0	—	—
Total debt	684 -5.3%	701 -4.9%	736 +12.7%	654 +21.8%	536 +15217.8%	0 +66.3%	0	—
Net cash	-640 +4.4%	-646 +2.7%	-664 -29.5%	-512 -62.1%	-316 -190.8%	352 +6.7%	330	—
Ratios
Current ratio	0.40x	0.49x	2.29x	2.84x	4.61x	22.52x	38.02x	0.46x
Debt to equity	5.68x	5.78x	5.04x	3.04x	1.86x	—	—	—
Debt to EBITDA	12.52x	14.56x	—	—	—	—	—	—
Return on equity	-6.09%	-21.47%	-48.23%	-30.67%	-32.51%	—	—	—
Return on assets	-0.90%	-3.11%	-7.85%	-7.36%	-11.36%	7.32%	-17.47%	-161.11%
Book value per share	6.25	6.67	7.98	11.74	16.01	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Electric Services (SIC 4911)
Listed as: SPRU (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Houston, TX
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1772720
Former names: XL Fleet Corp. (until Nov 9, 2022); Pivotal Investment Corp II (until Dec 22, 2020)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.