Spruce Reports Q4 Revenue of $24.03M

Reports Q4 revenue $24.03M vs $20.23M last year. Chris Hayes, Chief Executive Officer, commented: "2025 was the best year in Spruce's history, and our fourth quarter results reflect a business that is hitting its stride. We delivered strong growth, achieved record EBITDA, and reached a clear inflection point in cash generation, all while fundamentally improving the efficiency of our platform. What is most exciting is that these gains are not one-time in nature. The cost reductions we have achieved-particularly in O&M and SG&A-are structural and position us to continue expanding margins as we scale. We also made meaningful progress strengthening our balance sheet, including repaying $35.1 million of debt during the year, which directly enhances equity value as we continue to delever the business. We exited the year with $93.1 million of cash, or $5.13 per share, giving us significant flexibility as we continue to grow the business and optimize our capital structure. As part of that strategy, we made a deliberate decision to extend our SP1 facility to maximize flexibility as we pursue a broader refinancing opportunity across multiple portfolios. We believe this approach positions us to enhance long-term financing efficiency and support the next phase of growth. With strong momentum, a more efficient operating model, and a growing base of long-term contracted cash flows, we believe Spruce is exceptionally well positioned heading into 2026."