Spruce Power Q2 FY26 net income swings to USD 3.3 million

Reuters2026/08/12 20:06

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Spruce Power posted Q2 2026 net income attributable to stockholders of USD 3.3 million, swinging from a loss a year earlier.
Operating income rose 10% year over year to USD 9.8 million, while revenue fell to USD 30.3 million.
Operating EBITDA climbed 7% to a record USD 26.5 million, helped by lower costs; SGA dropped 26%.
Cash, cash equivalents and restricted cash totaled USD 81.5 million, or USD 4.24 per share; debt principal repayments were USD 7.9 million.
CEO Chris Hayes cited structural cost reductions and said liquidity supports flexibility as it pursues a broader portfolio refinancing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spruce Power Holding Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202608121605BIZWIRE_USPR_____20260812_BW918989) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Spruce Power Q2 FY26 net income swings to USD 3.3 million

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