Growth Metrics

Spruce Power Holding (SPRU) Cost of Revenue (2020 - 2025)

Spruce Power Holding recorded quarterly Cost of Revenue of $7.1 million in Q4 2025, down 5.57% quarter-over-quarter from $7.5 million in Q3 2025, and up 14.28% year-over-year from $6.2 million in Q4 2024.

Spruce Power Holding's Cost of Revenue history runs 6 years deep, the most recent figure standing at $7.1 million for Q4 2025.

  • In Q4 2025, Cost of Revenue rose 14.28% year-over-year to $7.1 million; the TTM figure through Dec 2025 stood at $24.0 million (up 15.78% YoY), while the FY2025 annual figure was $29.1 million, up 24.65% from the prior year.
  • Cost of Revenue came in at $7.1 million for Q4 2025 at Spruce Power Holding, down from $7.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $9.8 million in Q3 2023 to a low of -$2.4 million in Q4 2023.
  • A 5-year average of $5.2 million and a median of $6.0 million in 2024 frame the typical range for Cost of Revenue.
  • On a YoY basis, Cost of Revenue climbed as much as 396.96% in 2023 and fell as far as 130.52% in 2023.
  • Spruce Power Holding's Cost of Revenue stood at $2.7 million in 2021, then soared by 191.91% to $8.0 million in 2022, then tumbled by 130.52% to -$2.4 million in 2023, then soared by 354.27% to $6.2 million in 2024, then advanced by 14.28% to $7.1 million in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $7.1 million, $7.5 million, and $2.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 558.11 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 583.14 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 1.09 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 48.09 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 242.22 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 178.53 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 99.55 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 160.41 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 1.63 Bn
10 Spruce Power Holding 54.20 Mn -36.52 Mn 16.96 Mn 7.07 Mn

Historic Data

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DateValue
Dec 31, 2025 7.07 Mn
Dec 31, 2025 7.07 Mn
Sep 30, 2025 7.49 Mn
Sep 30, 2025 7.49 Mn
Jun 30, 2025 2.14 Mn
Jun 30, 2025 2.14 Mn
Mar 31, 2025 7.29 Mn
Mar 31, 2025 7.29 Mn
Dec 31, 2024 6.19 Mn
Dec 31, 2024 6.19 Mn
Sep 30, 2024 5.73 Mn
Sep 30, 2024 5.73 Mn
Jun 30, 2024 5.67 Mn
Jun 30, 2024 5.67 Mn
Mar 31, 2024 3.13 Mn
Mar 31, 2024 3.13 Mn
Dec 31, 2023 -2.43 Mn
Dec 31, 2023 -2.43 Mn
Sep 30, 2023 9.81 Mn
Sep 30, 2023 9.81 Mn
Jun 30, 2023 8.59 Mn
Jun 30, 2023 8.59 Mn
Mar 31, 2023 7.85 Mn
Mar 31, 2023 7.85 Mn
Dec 31, 2022 7.98 Mn
Dec 31, 2022 7.98 Mn
Sep 30, 2022 1.97 Mn
Sep 30, 2022 1.97 Mn
Jun 30, 2021 2.73 Mn
Jun 30, 2021 2.73 Mn
Mar 31, 2021 1.39 Mn
Mar 31, 2021 1.39 Mn
Dec 31, 2020 8.88 Mn
Dec 31, 2020 8.88 Mn
Sep 30, 2020 5.56 Mn
Sep 30, 2020 5.56 Mn
Jun 30, 2020 1.87 Mn
Jun 30, 2020 1.87 Mn
Mar 31, 2020 1.28 Mn
Mar 31, 2020 1.28 Mn