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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Spruce Power Holding's retained earnings for the quarter that ended in Mar. 2026 was $-357.3 Mil.
Spruce Power Holding's quarterly retained earnings
declined
from Sep. 2025 ($-347.5 Mil) to Dec. 2025 ($-354.4 Mil) and
declined
from Dec. 2025 ($-354.4 Mil) to Mar. 2026 ($-357.3 Mil).
Spruce Power Holding's annual retained earnings
declined
from Dec. 2023 ($-257.9 Mil) to Dec. 2024 ($-328.4 Mil) and
declined
from Dec. 2024 ($-328.4 Mil) to Dec. 2025 ($-354.4 Mil).
Spruce Power Holding (NYSE:SPRU) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Spruce Power Holding Retained Earnings Historical Data
* Premium members only.
The historical data trend for Spruce Power Holding's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Spruce Power Holding Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-357.3 Mil mean?
Spruce Power Holding (SPRU) has a Retained Earnings of $-357.3 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Spruce Power Holding and its competitors.
Is Spruce Power Holding's Retained Earnings too high?
Spruce Power Holding's current Retained Earnings is $-357.3 Mil. Overall, Spruce Power Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Spruce Power Holding's Retained Earnings compare to FTCI and ASTI?
Spruce Power Holding's Retained Earnings of $-357.3 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Semiconductors company?
A good Retained Earnings depends on the Semiconductors industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Spruce Power Holding and its competitors. Spruce Power Holding's current Retained Earnings is $-357.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spruce Power Holding stock overvalued right now?
Based on GuruFocus' analysis, Spruce Power Holding (SPRU) is currently considered Possible Value Trap. The stock's GF Value™ is $4.91, compared to a current price of $1.95 — trading 60.3% below its estimated fair value. The current Retained Earnings is $-357.3 Mil. Spruce Power Holding's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Spruce Power Holding (SPRU), the current Retained Earnings is $-357.3 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spruce Power Holding (SPRU) Overvalued in 2026?
Based on GuruFocus' analysis, Spruce Power Holding stock appears to be undervalued.
The current stock price of $1.95 is trading 60.3% below its estimated GF Value™ of $4.91.
GuruFocus considers Spruce Power Holding to be Possible Value Trap.
Key valuation signals for SPRU:
Retained Earnings: $-357.3 Mil
GF Value™: $4.91 vs. price of $1.95 (60.3% below fair value)
No single metric tells the full story. See the SPRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
42GF Score
Get the complete analysis for SPRU
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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