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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and SPRUCE POWER HOLDING CORP (SPRU). Click either name above to swap in a different company.
SPRUCE POWER HOLDING CORP is the larger business by last-quarter revenue ($24.0M vs $12.5M, roughly 1.9× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -28.6%, a 29.9% gap on every dollar of revenue. On growth, SPRUCE POWER HOLDING CORP posted the faster year-over-year revenue change (20.4% vs -0.7%). Over the past eight quarters, SPRUCE POWER HOLDING CORP's revenue compounded faster (14.6% CAGR vs 12.5%).
Spruce Finance is an American consumer finance company specializing in the residential solar finance and efficiency home improvement sectors in the U.S.
SLSN vs SPRU — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $24.0M |
| Net Profit | $163.0K | $-6.9M |
| Gross Margin | 27.5% | — |
| Operating Margin | 1.5% | 9.4% |
| Net Margin | 1.3% | -28.6% |
| Revenue YoY | -0.7% | 20.4% |
| Net Profit YoY | 129.2% | -15.8% |
| EPS (diluted) | $0.00 | $-0.38 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $12.5M | $24.0M | ||
| Q3 25 | $14.6M | $30.7M | ||
| Q2 25 | $20.4M | $33.2M | ||
| Q1 25 | $14.6M | $23.8M | ||
| Q4 24 | $12.6M | $20.0M | ||
| Q3 24 | $16.9M | $21.4M | ||
| Q2 24 | $13.0M | $22.5M | ||
| Q1 24 | $9.9M | $18.3M |
| Q4 25 | $163.0K | $-6.9M | ||
| Q3 25 | $-1.1M | $-860.0K | ||
| Q2 25 | $2.7M | $-3.0M | ||
| Q1 25 | $80.0K | $-15.3M | ||
| Q4 24 | $-559.0K | $-5.9M | ||
| Q3 24 | $3.0M | $-53.5M | ||
| Q2 24 | $856.0K | $-8.6M | ||
| Q1 24 | $893.0K | $-2.5M |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 36.2% | 54.8% | ||
| Q2 24 | 28.7% | 54.9% | ||
| Q1 24 | 36.3% | 51.5% |
| Q4 25 | 1.5% | 9.4% | ||
| Q3 25 | -5.4% | 27.6% | ||
| Q2 25 | 9.4% | 26.8% | ||
| Q1 25 | 1.8% | -7.1% | ||
| Q4 24 | -1.8% | -31.4% | ||
| Q3 24 | 19.0% | -173.8% | ||
| Q2 24 | 8.0% | -14.9% | ||
| Q1 24 | 11.3% | -19.7% |
| Q4 25 | 1.3% | -28.6% | ||
| Q3 25 | -7.7% | -2.8% | ||
| Q2 25 | 13.1% | -8.9% | ||
| Q1 25 | 0.5% | -64.4% | ||
| Q4 24 | -4.4% | -29.7% | ||
| Q3 24 | 18.1% | -250.4% | ||
| Q2 24 | 6.6% | -38.2% | ||
| Q1 24 | 9.0% | -13.4% |
| Q4 25 | $0.00 | $-0.38 | ||
| Q3 25 | $-0.02 | $-0.05 | ||
| Q2 25 | $0.04 | $-0.17 | ||
| Q1 25 | $0.00 | $-0.84 | ||
| Q4 24 | $0.00 | $-0.36 | ||
| Q3 24 | $0.04 | $-2.88 | ||
| Q2 24 | $0.01 | $-0.45 | ||
| Q1 24 | $0.02 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3M | $54.8M |
| Total DebtLower is stronger | — | $695.5M |
| Stockholders' EquityBook value | $17.6M | $121.3M |
| Total Assets | $50.1M | $837.3M |
| Debt / EquityLower = less leverage | — | 5.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3M | $54.8M | ||
| Q3 25 | $429.0K | $53.6M | ||
| Q2 25 | $4.1M | $53.5M | ||
| Q1 25 | $1.8M | $61.9M | ||
| Q4 24 | $1.4M | $72.8M | ||
| Q3 24 | $2.9M | $113.7M | ||
| Q2 24 | $2.4M | $116.6M | ||
| Q1 24 | $2.0M | $120.6M |
| Q4 25 | — | $695.5M | ||
| Q3 25 | — | $705.6M | ||
| Q2 25 | — | $717.1M | ||
| Q1 25 | — | $723.8M | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $17.6M | $121.3M | ||
| Q3 25 | $17.2M | $124.9M | ||
| Q2 25 | $18.2M | $125.0M | ||
| Q1 25 | $15.2M | $130.8M | ||
| Q4 24 | $14.9M | $143.7M | ||
| Q3 24 | $15.2M | $151.6M | ||
| Q2 24 | $11.9M | $204.6M | ||
| Q1 24 | $5.0M | $213.0M |
| Q4 25 | $50.1M | $837.3M | ||
| Q3 25 | $54.0M | $857.1M | ||
| Q2 25 | $60.0M | $862.6M | ||
| Q1 25 | $57.0M | $878.0M | ||
| Q4 24 | $50.0M | $898.5M | ||
| Q3 24 | $48.0M | $806.8M | ||
| Q2 24 | $40.8M | $858.4M | ||
| Q1 24 | $38.5M | $867.9M |
| Q4 25 | — | 5.74× | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 5.53× | ||
| Q4 24 | — | 5.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.8M | $-3.3M |
| Free Cash FlowOCF − Capex | — | $-3.3M |
| FCF MarginFCF / Revenue | — | -13.7% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 11.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $-3.3M | ||
| Q3 25 | $-2.5M | $11.2M | ||
| Q2 25 | $-654.0K | $-2.3M | ||
| Q1 25 | $-7.2M | $-9.1M | ||
| Q4 24 | $2.2M | $-13.5M | ||
| Q3 24 | $4.2M | $-1.1M | ||
| Q2 24 | $-565.0K | $-5.1M | ||
| Q1 24 | $-3.9M | $-22.2M |
| Q4 25 | — | $-3.3M | ||
| Q3 25 | — | $11.2M | ||
| Q2 25 | — | $-2.4M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | $-404.0K | $-13.6M | ||
| Q3 24 | $2.8M | $-1.1M | ||
| Q2 24 | $-1.0M | $-5.2M | ||
| Q1 24 | $-3.9M | $-22.3M |
| Q4 25 | — | -13.7% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | — | -7.3% | ||
| Q1 25 | — | -38.7% | ||
| Q4 24 | -3.2% | -68.3% | ||
| Q3 24 | 16.6% | -5.1% | ||
| Q2 24 | -8.0% | -23.1% | ||
| Q1 24 | -39.9% | -121.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 20.6% | 0.9% | ||
| Q3 24 | 8.3% | 0.1% | ||
| Q2 24 | 3.7% | 0.4% | ||
| Q1 24 | 0.9% | 0.4% |
| Q4 25 | 11.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.25× | — | ||
| Q1 25 | -90.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | -0.66× | — | ||
| Q1 24 | -4.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
