Spruce Power Holding Corp (SPRU) - Net Assets
Based on the latest financial reports, Spruce Power Holding Corp (SPRU) has net assets worth $121.25 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($837.27 Million) and total liabilities ($716.02 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SPRU asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $121.25 Million |
| % of Total Assets | 14.48% |
| Annual Growth Rate | 103.24% |
| 5-Year Change | -66.49% |
| 10-Year Change | N/A |
| Growth Volatility | 641.93 |
Spruce Power Holding Corp - Net Assets Trend (2018–2025)
This chart illustrates how Spruce Power Holding Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Spruce Power Holding Corp for the complete picture of this company's asset base.
Annual Net Assets for Spruce Power Holding Corp (2018–2025)
The table below shows the annual net assets of Spruce Power Holding Corp from 2018 to 2025. For live valuation and market cap data, see how much is Spruce Power Holding Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $121.25 Million | -17.04% |
| 2024-12-31 | $146.15 Million | -31.92% |
| 2023-12-31 | $214.67 Million | -25.71% |
| 2022-12-31 | $288.98 Million | -20.13% |
| 2021-12-31 | $361.81 Million | +91.54% |
| 2020-12-31 | $188.90 Million | +1478.80% |
| 2019-12-31 | $-13.70 Million | -1719.39% |
| 2018-12-31 | $846.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spruce Power Holding Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 30172000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Components | $473.23 Million | 398.24% |
| Total Equity | $118.83 Million | 100.00% |
Spruce Power Holding Corp Competitors by Market Cap
The table below lists competitors of Spruce Power Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tailyn Technologies
TWO:5353
|
$63.99 Million |
|
Mobilicom Limited American Depositary Shares
NASDAQ:MOB
|
$64.00 Million |
|
IG Group Holdings PLC
LSE:IGG
|
$64.00 Million |
|
Joong Ang Enervis Co. Ltd
KQ:000440
|
$64.01 Million |
|
Yatra Online Inc
NASDAQ:YTRA
|
$63.94 Million |
|
eMedia Holdings Limited
JSE:EMN
|
$63.94 Million |
|
Skane mollan AB
ST:SKMO
|
$63.92 Million |
|
Datavan International
TWO:3521
|
$63.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spruce Power Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 143,714,000 to 118,830,000, a change of -24,884,000 (-17.3%).
- Net loss of 26,026,000 reduced equity.
- Share repurchases of 1,818,000 reduced equity.
- Other factors increased equity by 2,960,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-26.03 Million | -21.9% |
| Share Repurchases | $1.82 Million | -1.53% |
| Other Changes | $2.96 Million | +2.49% |
| Total Change | $- | -17.31% |
Book Value vs Market Value Analysis
This analysis compares Spruce Power Holding Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.54x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.33x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.66 | $3.52 | x |
| 2019-12-31 | $-3.93 | $3.52 | x |
| 2020-12-31 | $17.87 | $3.52 | x |
| 2021-12-31 | $19.49 | $3.52 | x |
| 2022-12-31 | $15.70 | $3.52 | x |
| 2023-12-31 | $11.55 | $3.52 | x |
| 2024-12-31 | $7.78 | $3.52 | x |
| 2025-12-31 | $6.58 | $3.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spruce Power Holding Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.28%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 7.05x
- Recent ROE (-21.90%) is above the historical average (-208.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1525.18% | -135.18% | 0.70x | 16.01x | $-12.99 Million |
| 2019 | 0.00% | -206.53% | 0.78x | 0.00x | $-13.53 Million |
| 2020 | -16.59% | -154.09% | 0.06x | 1.84x | $-50.23 Million |
| 2021 | 7.96% | 184.55% | 0.04x | 1.09x | $-7.39 Million |
| 2022 | -33.55% | -404.98% | 0.03x | 3.20x | $-121.93 Million |
| 2023 | -31.00% | -82.43% | 0.09x | 4.21x | $-87.07 Million |
| 2024 | -49.05% | -85.85% | 0.09x | 6.25x | $-84.86 Million |
| 2025 | -21.90% | -23.28% | 0.13x | 7.05x | $-37.91 Million |
Industry Comparison
This section compares Spruce Power Holding Corp's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $1,492,882,828
- Average return on equity (ROE) among peers: -3542.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spruce Power Holding Corp (SPRU) | $121.25 Million | -1525.18% | 5.91x | $63.95 Million |
| Array Technologies Inc (ARRY) | $-85.81 Million | 0.00% | 0.00x | $1.24 Billion |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $34.23 Million | -84.05% | 0.27x | $38.51 Million |
| Beam Global (BEEM) | $25.98 Million | -25.39% | 0.18x | $27.40 Million |
| Canadian Solar Inc (CSIQ) | $466.98 Million | -19.45% | 3.03x | $1.13 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $19.51K | -29129.50% | 5.55x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $1.09 Billion | 15.84% | 2.23x | $4.12 Billion |
| First Solar Inc (FSLR) | $6.69 Billion | 12.42% | 0.55x | $20.97 Billion |
| FTC Solar Inc (FTCI) | $19.04 Million | -255.34% | 3.72x | $55.64 Million |
| JinkoSolar Holding Company Limited (JKS) | $6.69 Billion | 2.12% | 3.28x | $1.22 Billion |
| Maxeon Solar Technologies Ltd (MAXN) | $4.64 Million | -5942.03% | 214.86x | $9.31 Million |
About Spruce Power Holding Corp
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third par… Read more