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Spruce Power Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spruce Power and similar public comparables like Columbus Energy, Iniziative Bresciane, FTC Solar, Energy Solar Tech and more.
Spruce Power Overview
About Spruce Power
Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company’s customers are homeowners and the Company’s core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of those agreements for other institutional owners of home solar energy systems.
Founded
2019
HQ
Employees
165
Website
Financials (LTM)
EV
$700M
Spruce Power Financials
Spruce Power reported last 12-month revenue of $112M and EBITDA of $49M.
In the same LTM period, Spruce Power generated $49M in EBITDA and had net loss of ($26M).
Revenue (LTM)
Spruce Power P&L
In the most recent fiscal year, Spruce Power reported revenue of $112M and EBITDA of $55M.
Spruce Power expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $112M | XXX | $112M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $73M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $49M | XXX | $55M | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 50% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 16% | XXX | XXX | XXX |
| Net Profit | ($26M) | XXX | ($26M) | XXX | XXX | XXX |
| Net Margin | (23%) | XXX | (23%) | XXX | XXX | XXX |
| Net Debt | — | — | $622M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spruce Power Stock Performance
Spruce Power has current market cap of $73M, and enterprise value of $700M.
Market Cap Evolution
Spruce Power's stock price is $4.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $700M | $73M | 0.0% | XXX | XXX | XXX | $-1.43 |
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Start Free TrialSpruce Power Valuation Multiples
Spruce Power trades at 6.3x EV/Revenue multiple, and 14.2x EV/EBITDA.
EV / Revenue (LTM)
Spruce Power Financial Valuation Multiples
As of April 20, 2026, Spruce Power has market cap of $73M and EV of $700M.
Equity research analysts estimate Spruce Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spruce Power has a P/E ratio of (2.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $73M | XXX | $73M | XXX | XXX | XXX |
| EV (current) | $700M | XXX | $700M | XXX | XXX | XXX |
| EV/Revenue | 6.3x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBITDA | 14.2x | XXX | 12.6x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 39.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.6x | XXX | XXX | XXX |
| P/E | (2.8x) | XXX | (2.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (186.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spruce Power Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Spruce Power Margins & Growth Rates
Spruce Power's revenue in the last fiscal year grew by 36%.
Spruce Power's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.
Spruce Power Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 36% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (748%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 49% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spruce Power Public Comps
See public comps and valuation multiples for other Energy Equipment and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Spruce Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Columbus Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Iniziative Bresciane | XXX | XXX | XXX | XXX | XXX | XXX |
| FTC Solar | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy Solar Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| Abalance | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Spruce Power M&A Activity
Spruce Power acquired XXX companies to date.
Last acquisition by Spruce Power was on XXXXXXXX, XXXXX. Spruce Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spruce Power
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSpruce Power Investment Activity
Spruce Power invested in XXX companies to date.
Spruce Power made its latest investment on XXXXXXXX, XXXXX. Spruce Power invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spruce Power
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Spruce Power
| When was Spruce Power founded? | Spruce Power was founded in 2019. |
| Where is Spruce Power headquartered? | Spruce Power is headquartered in United States. |
| How many employees does Spruce Power have? | As of today, Spruce Power has over 165 employees. |
| Who is the CEO of Spruce Power? | Spruce Power's CEO is Christopher Hayes. |
| Is Spruce Power publicly listed? | Yes, Spruce Power is a public company listed on NYSE. |
| What is the stock symbol of Spruce Power? | Spruce Power trades under SPRU ticker. |
| When did Spruce Power go public? | Spruce Power went public in 2020. |
| Who are competitors of Spruce Power? | Spruce Power main competitors are Columbus Energy, Iniziative Bresciane, FTC Solar, Energy Solar Tech. |
| What is the current market cap of Spruce Power? | Spruce Power's current market cap is $73M. |
| What is the current revenue of Spruce Power? | Spruce Power's last 12 months revenue is $112M. |
| What is the current EV/Revenue multiple of Spruce Power? | Current revenue multiple of Spruce Power is 6.3x. |
| Is Spruce Power profitable? | Yes, Spruce Power is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spruce Power? | Spruce Power's last 12 months EBITDA is $49M. |
| What is Spruce Power's EBITDA margin? | Spruce Power's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Spruce Power? | Current EBITDA multiple of Spruce Power is 14.2x. |
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