Quarterly ResultAug 13, 2026, 04:51 PM
Spruce Power Q2 Net Income $3.3M; Operating Income Up 10%
AI Summary
Spruce Power Holding Corporation reported strong second quarter 2026 financial results, achieving a net income attributable to stockholders of $3.3 million, a significant improvement from a net loss of $3.0 million in the prior year period. The company's operating income grew 10% to $9.8 million, driven by substantial cost reductions, including a 26% decrease in SG&A expenses. Spruce Power also reported record Operating EBITDA of $26.5 million and maintained a solid liquidity position with $81.5 million in cash, while continuing to reduce its debt.
Key Highlights
- Net income attributable to stockholders was $3.3 million, compared to a $3.0 million net loss year-over-year.
- Operating income increased 10% year-over-year to $9.8 million.
- Record Operating EBITDA reached $26.5 million, up 7% year-over-year.
- Revenues for the quarter were $30.3 million, down from $33.3 million in Q2 2025.
- SG&A expenses decreased 26% and total operating expenses were down 16% year-over-year.
- Ended the quarter with $81.5 million in cash and cash equivalents, or $4.24 per share.
- Reduced debt principal by $7.9 million during the second quarter of 2026.
Price Impact
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