Spruce Power
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|
Revenues | 7.2m | 20.3m | 15.6m | 23.2m | 79.9m | 85.2m | 87.4m |
% growth | - | 182 % | (23 %) | 49 % | 244 % | 7 % | 3 % |
EBITDA | (13.2m) | (15.3m) | (58.3m) | (58.4m) | 28.4m | - | - |
% EBITDA margin | (184 %) | (75 %) | (374 %) | (252 %) | 36 % | - | - |
Profit | (14.9m) | (25.6m) | 28.8m | (93.9m) | (65.8m) | - | - |
% profit margin | (207 %) | (126 %) | 185 % | (405 %) | (82 %) | - | - |
R&D budget | 2.9m | 4.4m | 10.8m | - | - | - | - |
R&D % of revenue | 40 % | 22 % | 69 % | - | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Merger | ||
$120m | Debt | ||
N/A | Late VC | ||
$105m | Debt | ||
N/A | N/A | Debt | |
$25.0m | Late VC | ||
$50.0m | Growth Equity VC | ||
N/A | N/A | IPO | |
* | $58.0m | Acquisition | |
* | $130m | Post IPO Debt | |
Total Funding | $141m |
Recent News about Spruce Power
EditSpruce Power is a leading private owner and operator of residential distributed energy resources in North America. The company focuses on providing clean energy solutions to homeowners, helping them take control of their power needs with affordable and reliable products. Spruce operates in the residential solar market and serves homeowners looking for sustainable energy options. The business model revolves around offering flexible energy solutions, including battery bundles, system expansions, and extended service agreements. Spruce generates revenue by selling these products and services directly to homeowners and through partnerships with other energy providers. The company is committed to creating a cleaner and more sustainable future by innovating easy access to sustainable energy.
Keywords: residential energy, distributed energy resources, solar market, clean energy, battery solutions, system expansion, service agreements, sustainability, homeowners, North America.