Spruce Power Holding (SPRU) Gross Margin (2020 - 2025)

Spruce Power Holding (SPRU) has reported Gross Margin for 6 consecutive years, with 70.56% the latest figure, recorded in Q4 2025.

• Quarterly Gross Margin rose 116.0% year-over-year to 70.56% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 73.92% (up 227.0% YoY) and the FY2025 annual result came in at 73.94%, up 241.0% from the prior year.
• Gross Margin eased to 70.56% in Q4 2025 per SPRU's latest filing, from 75.62% in the prior quarter.
• Over the last five years, Gross Margin for SPRU reached as high as 115.5% in Q4 2023 and fell as low as 106.07% in Q1 2021.
• A 5-year average of 52.88% and a median of 65.48% in 2023 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2021 — Gross Margin sank 10185 bps — and 2023, when it surged 5953 bps.
• Year by year, Gross Margin stood at 21.56% in 2021, then jumped by 160 bps to 55.97% in 2022, then jumped by 106 bps to 115.5% in 2023, then sank by 40 bps to 69.4% in 2024, then gained by 2 bps to 70.56% in 2025.
• According to Business Quant data, Gross Margin over the past three periods registered 70.56%, 75.62%, and 78.04% for Q4 2025, Q3 2025, and Q2 2025 respectively.