Earnings Releases·Nov 12, 2026, 4:52 PM ET

Spruce Power — Third Quarter 2026 Earnings Summary

Revenue declined 3% year-over-year to $29.7 million, while net income turned positive at $6.0 million ($0.28 diluted EPS) compared to a $0.9 million loss in the prior year period.
Operating EBITDA rose 3% year-over-year to $27.0 million, driven by a 23% reduction in SG&A expenses to $10.3 million following headcount reductions and streamlining efforts.
Subsequent to the quarter, the company executed a non-binding term sheet to refinance SP1, SP2, and SP3 facilities, extending the SP1 maturity to January 30, 2027, and paid down $21.9 million in debt principal during the quarter.
Total debt decreased to $657.6 million with a blended interest rate of 6.3%, while the company maintains $87.3 million in cash and $42.0 million remaining under its $50.0 million share repurchase authorization.