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Spruce Power (SPRU) Revenue & Revenue Breakdown

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Spruce Power Revenue Highlights

Latest Revenue (Y)

$79.86M

Latest Revenue (Q)

$21.38M

Main Segment (Y)

PPA Revenue

Spruce Power Revenue by Period

Spruce Power Revenue by Year

DateRevenueChange
2023-12-31$79.86M244.31%
2022-12-31$23.19M48.68%
2021-12-31$15.60M-23.30%
2020-12-31$20.34M181.88%
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

DateRevenueChange
2024-09-30$21.38M-4.91%
2024-06-30$22.48M22.93%
2024-03-31$18.29M10.82%
2023-12-31$16.50M-29.03%
2023-09-30$23.25M1.92%
2023-06-30$22.81M26.07%
2023-03-31$18.09M-0.10%
2022-12-31$18.11M116.66%
2022-09-30$8.36M177.74%
2022-06-30$3.01M-36.80%
2022-03-31$4.76M-40.69%
2021-12-31$8.03M150.97%
2021-09-30$3.20M-13.37%
2021-06-30$3.69M447.26%
2021-03-31$675.00K-93.79%
2020-12-31$10.87M71.71%
2020-09-30$6.33M230.96%
2020-06-30$1.91M55.19%
2020-03-31$1.23M338.43%
2019-12-31$281.00K-89.15%
2019-09-30$2.59M19.32%
2019-06-30$2.17M-
2019-03-31$2.17M-

Spruce Power generated $21.38M in revenue during Q3 2024, up -4.91% compared to the previous quarter, and up 93.71% compared to the same period a year ago.

Spruce Power Revenue Breakdown

Spruce Power Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 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/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Sep 22Mar 22
PPA Revenue$11.46M$12.32M$7.52M$12.76M$11.37M$12.23M--
Product and Service, Other$962.00K$729.00K$817.00K-----
Service$178.00K$356.00K------
Other Revenue-$747.00K$746.00K$1.07M$732.00K---
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 Sep 24: PPA Revenue (90.95%), Product and Service, Other (7.64%), and Service (1.41%).

Spruce Power Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JKSJinkoSolar$118.68B$23.04B
CSIQCanadian Solar$7.61B$1.33B
SEDGSolarEdge$2.98B$265.40M
RUNSunrun$2.26B$537.17M
MAXNMaxeon Solar$1.12B$187.46M
NOVASunnova Energy$720.65M$235.29M
SOLReneSola$104.67M$12.86M
SPRUSpruce Power$79.86M$21.38M

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 Q3 2024 was $21.38M, a -4.91% decrease from the previous quarter (Q2 2024), and a -8.05% decrease year-over-year (Q3 2023). The company'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). SPRU'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).

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.