Spruce Power Holding (SPRU) Cost of Revenue (2020 - 2026)
Spruce Power Holding (SPRU) posted Cost of Revenue of $7.1 million for Q4 2025, down 5.57% sequentially from $7.5 million in Q3 2025, and up 14.28% YoY from $6.2 million in Q4 2024.
Spruce Power Holding (SPRU) Cost of Revenue (2020 - 2026) Analysis & Trends
Spruce Power Holding has reported Cost of Revenue for 6 years, with the latest figure at $7.1 million in Q4 2025.
- Quarterly Cost of Revenue rose 14.28% year-over-year to $7.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $29.2 million (up 24.88% YoY) and the FY2025 annual result came in at $29.1 million, up 24.65% from the prior year.
- Cost of Revenue slipped to $7.1 million in Q4 2025 per SPRU's latest filing, from $7.5 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $9.8 million in Q3 2023 and troughed at -$6.6 million in Q4 2021.
- A 5-year average of $4.8 million and a median of $6.0 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2021 and 2023: Cost of Revenue sank 174.69% in 2021, then jumped 396.96% in 2023.
- Over 5 years, Cost of Revenue stood at -$6.6 million in 2021, then jumped by 220.23% to $8.0 million in 2022, then plunged by 130.52% to -$2.4 million in 2023, then jumped by 354.27% to $6.2 million in 2024, then climbed 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 $7.3 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 | 23.03 Bn | 21.30 Bn | 605.00 Mn | 451.19 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 599.32 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 116.84 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 342.45 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 251.09 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 113.85 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 1.09 Bn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 1.63 Bn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 242.46 Mn |
| 10 | Spruce Power Holding | 35.94 Mn | -45.61 Mn | 23.10 Mn | 7.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.25 Mn |
| Jun 30, 2026 | 7.25 Mn |
| 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 | 7.30 Mn |
| Jun 30, 2025 | 7.30 Mn |
| Mar 31, 2025 | 7.30 Mn |
| Mar 31, 2025 | 7.30 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 | 5.70 Mn |
| Jun 30, 2024 | 5.70 Mn |
| Mar 31, 2024 | 5.74 Mn |
| Mar 31, 2024 | 5.74 Mn |
| Dec 31, 2023 | -2.43 Mn |
| Dec 31, 2023 | -2.43 Mn |