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Spruce Power (SPRU) Revenue & Revenue Breakdown

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Spruce Power Revenue Highlights

Latest Revenue (Y)

$82.11M

Latest Revenue (Q)

$21.38M

Main Segment (Y)

PPA Revenue

Spruce Power Revenue by Period

Spruce Power Revenue by Year

DateRevenueChange
2024-12-31$82.11M2.81%
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-24.41%
2018-12-31$9.54M-

Spruce Power generated $82.11M in revenue during NA 2024, up 2.81% compared to the previous quarter, and up 1138.00% 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 24Dec 23Dec 22
Product and Service, Other$3.23M$3.20M-
Service$778.00K$767.00K-
PPA Revenue$38.39M$36.36M-
Operations and Maintenance--$3.17M

Spruce Power's latest annual revenue breakdown by segment (product or service), as of Dec 24: PPA Revenue (90.54%), Product and Service, Other (7.62%), and Service (1.83%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Sep 22Mar 22
Product and Service, Other$725.00K$962.00K$729.00K$817.00K-----
Service$244.00K$178.00K$356.00K------
PPA Revenue$7.09M$11.46M$12.32M$7.52M$12.76M$11.37M$12.23M--
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 Dec 24: PPA Revenue (87.98%), Product and Service, Other (8.99%), and Service (3.03%).

Spruce Power Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JKSJinkoSolar$118.68B$23.04B
CSIQCanadian Solar$7.61B$1.33B
RUNSunrun$2.04B$537.17M
MAXNMaxeon Solar$1.12B$187.46M
SEDGSolarEdge$901.46M$265.40M
NOVASunnova Energy$839.92M$235.29M
SOLEmeren Group$92.07M$12.86M
SPRUSpruce Power$82.11M$21.38M

SPRU Revenue FAQ

What is Spruce Power’s yearly revenue?

Spruce Power's yearly revenue for 2024 was $82.11M, representing an increase of 2.81% compared to 2023. The company's yearly revenue for 2023 was $79.86M, representing an increase of 244.31% compared to 2022. SPRU's yearly revenue for 2022 was $23.19M, representing an increase of 48.68% compared to 2021.

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 (2022-2024) was 254.00%, and for the last 5 years (2020-2024) was 303.71%.

What are Spruce Power’s revenue streams?

Spruce Power's revenue streams in c 24 are Product and Service, Other, Service, and PPA Revenue. Product and Service, Other generated $3.23M in revenue, accounting 7.62% of the company's total revenue, up 0.91% year-over-year. Service generated $778K in revenue, accounting 1.83% of the company's total revenue, up 1.43% year-over-year. PPA Revenue generated $38.39M in revenue, accounting 90.54% of the company's total revenue, up 5.59% year-over-year.

What is Spruce Power’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Spruce Power was PPA Revenue. This segment made a revenue of $38.39M, representing 90.54% of the company's total revenue.