Spruce Power (SPRU) Revenue & Revenue Breakdown
Spruce Power Revenue Highlights
Latest Revenue (Y)
$79.86M
Latest Revenue (Q)
$22.48M
Main Segment (Y)
PPA Revenue
Spruce Power Revenue by Period
Spruce Power Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $79.86M | 244.31% |
| 2022-12-31 | $23.19M | 48.68% |
| 2021-12-31 | $15.60M | -23.30% |
| 2020-12-31 | $20.34M | 181.88% |
| 2019-12-31 | $7.21M | - |
Spruce Power generated $79.86M in revenue during NA 2023, up 244.31% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Spruce Power Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $22.48M | 22.93% |
| 2024-03-31 | $18.29M | 10.82% |
| 2023-12-31 | $16.50M | -29.03% |
| 2023-09-30 | $23.25M | 1.92% |
| 2023-06-30 | $22.81M | 26.07% |
| 2023-03-31 | $18.09M | -0.10% |
| 2022-12-31 | $18.11M | 116.66% |
| 2022-09-30 | $8.36M | 177.74% |
| 2022-06-30 | $3.01M | -36.80% |
| 2022-03-31 | $4.76M | -40.69% |
| 2021-12-31 | $8.03M | 150.97% |
| 2021-09-30 | $3.20M | -13.37% |
| 2021-06-30 | $3.69M | 447.26% |
| 2021-03-31 | $675.00K | -93.79% |
| 2020-12-31 | $10.87M | 71.71% |
| 2020-09-30 | $6.33M | 230.96% |
| 2020-06-30 | $1.91M | 55.19% |
| 2020-03-31 | $1.23M | 338.43% |
| 2019-12-31 | $281.00K | -89.15% |
| 2019-09-30 | $2.59M | 19.32% |
| 2019-06-30 | $2.17M | - |
| 2019-03-31 | $2.17M | - |
Spruce Power generated $22.48M in revenue during Q2 2024, up 22.93% compared to the previous quarter, and up 124.24% compared to the same period a year ago.
Spruce Power Revenue Breakdown
Spruce Power Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| PPA Revenue | $36.36M | - |
| Service | $767.00K | - |
| Product and Service, Other | $3.20M | - |
| Operations and Maintenance | - | $3.17M |
Spruce Power's latest annual revenue breakdown by segment (product or service), as of Dec 23: PPA Revenue (90.15%), Product and Service, Other (7.94%), and Service (1.90%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Sep 22 | Mar 22 |
|---|---|---|---|---|---|---|---|
| Other Revenue | $747.00K | $746.00K | $1.07M | $732.00K | - | - | - |
| PPA Revenue | $12.32M | $7.52M | $12.76M | $11.37M | $12.23M | - | - |
| Product and Service, Other | $729.00K | $817.00K | - | - | - | - | - |
| Service | $356.00K | - | - | - | - | - | - |
| Operations and Maintenance | - | - | - | - | - | $640.00K | - |
| Loan Servicing | - | - | - | - | - | $2.00K | - |
| DrivetrainSegmentMember | - | - | - | - | - | - | $598.00K |
| XLGridMember | - | - | - | - | - | - | $4.17M |
Spruce Power's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: PPA Revenue (87.05%), Other Revenue (5.28%), Product and Service, Other (5.15%), and Service (2.52%).
Spruce Power Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| JKS | JinkoSolar | $118.68B | $23.04B |
| CSIQ | Canadian Solar | $7.61B | $1.33B |
| SEDG | SolarEdge | $2.98B | $204.40M |
| RUN | Sunrun | $2.26B | $458.19M |
| SPWR | SunPower | $1.69B | $356.90M |
| MAXN | Maxeon Solar | $1.12B | $187.46M |
| NOVA | Sunnova Energy | $720.65M | $219.60M |
| SUNW | Sunworks | $161.94M | $28.70M |
| SOL | ReneSola | $104.67M | $30.06M |
| SPRU | Spruce Power | $79.86M | $22.48M |
| ISUN | iSun | $1.71M | $25.41M |
SPRU Revenue FAQ
What is Spruce Power’s yearly revenue?
Spruce Power's yearly revenue for 2023 was $79.86M, representing an increase of 244.31% compared to 2022. The company's yearly revenue for 2022 was $23.19M, representing an increase of 48.68% compared to 2021. SPRU's yearly revenue for 2021 was $15.6M, representing a decrease of -23.30% compared to 2020.
What is Spruce Power’s quarterly revenue?
Spruce Power's quarterly revenue for Q2 2024 was $22.48M, a 22.93% increase from the previous quarter (Q1 2024), and a -1.46% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $18.29M, a 10.82% increase from the previous quarter (Q4 2023), and a 1.06% increase year-over-year (Q1 2023). SPRU's quarterly revenue for Q4 2023 was $16.5M, a -29.03% decrease from the previous quarter (Q3 2023), and a -8.90% decrease year-over-year (Q4 2022).
What is Spruce Power’s revenue growth rate?
Spruce Power's revenue growth rate for the last 3 years (2021-2023) was 411.92%, and for the last 5 years (2019-2023) was 1006.85%.
What are Spruce Power’s revenue streams?
Spruce Power's revenue streams in c 23 are PPA Revenue, Service, and Product and Service, Other. PPA Revenue generated $36.36M in revenue, accounting 90.15% of the company's total revenue Service generated $767K in revenue, accounting 1.90% of the company's total revenue Product and Service, Other generated $3.2M in revenue, accounting 7.94% of the company's total revenue
What is Spruce Power’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Spruce Power was PPA Revenue. This segment made a revenue of $36.36M, representing 90.15% of the company's total revenue.