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

Spruce Power Holding has disclosed Gross Margin across 6 years of filings, most recently posting 70.56% for Q4 2025.

• Gross Margin for Q4 2025 came in at 70.56%, up 116.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 78.55% (up 370.0% YoY), and the FY2025 annual result was 73.94%, up 241.0% from the prior year.
• Gross Margin came in at 70.56% for Q4 2025 at Spruce Power Holding, down from 75.62% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 115.5% in Q4 2023 to a low of 106.07% in Q1 2021.
• The 5-year median for Gross Margin is 65.86% (2023), against an average of 54.55%.
• Across the five-year window, Gross Margin sank 10185 bps in 2021 and jumped 5953 bps in 2023, its largest moves.
• Spruce Power Holding's Gross Margin stood at 21.56% in 2021, then surged by 160 bps to 55.97% in 2022, then surged by 106 bps to 115.5% in 2023, then plunged by 40 bps to 69.4% in 2024, then advanced by 2 bps to 70.56% in 2025.
• The last three Gross Margin figures came in at 70.56% (Q4 2025), 75.62% (Q3 2025), and 93.57% (Q2 2025), per Business Quant data.