Spruce Power | 8-K: FY2025 Q3 Revenue: USD 30.73 M

Revenue: As of FY2025 Q3, the actual value is USD 30.73 M.

EPS: As of FY2025 Q3, the actual value is USD -0.05.

EBIT: As of FY2025 Q3, the actual value is USD 16.11 M.

Segment Revenue

• Revenues for the third quarter of 2025 were $30.7 million, up 44% from $21.4 million in the third quarter of 2024, primarily due to the acquisition of a residential solar portfolio from NJR Clean Energy Ventures and improved solar renewable energy credits revenue.

Operational Metrics

• Net loss attributable to stockholders improved to - $0.9 million, compared to - $53.6 million from the year-earlier period.
• Operating EBITDA was $26.2 million, up 48% from $17.7 million in the prior year period.
• Operations & Maintenance expense was $1.8 million, down 53% from the year-earlier period.
• Selling, General and Administrative expense was $12.9 million, down 4% from the year-earlier period.

Cash Flow

• GAAP Cash Flow generated in Operations was $11.2 million for the quarter compared to - $1.1 million used in the year-earlier period.
• Adjusted Cash Flow generated in Operations was $20.2 million, up 104% from the year-earlier period.

Unique Metrics

• Spruce Power’s portfolio includes approximately 85,000 home solar assets and customer contracts across 18 U.S. states, with combined portfolio generation of approximately 190,081 MWh of power during the quarter.

Outlook / Guidance

• Spruce Power announced a strategic initiative to decrease SG&A costs through workforce reduction and office closure, aiming for scalable, high-margin growth and greater shareholder value.
• The company is engaged in discussions with financial institutions regarding its SP1 debt obligation due in the second quarter of 2026, with significant progress and a strong level of interest received.