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Side-by-side financial comparison of SPRUCE POWER HOLDING CORP (SPRU) and SS Innovations International, Inc. (SSII). 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 $14.5M, roughly 1.7× SS Innovations International, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -28.6%, a 11.6% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 20.4%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-3.3M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 14.6%).
Spruce Finance is an American consumer finance company specializing in the residential solar finance and efficiency home improvement sectors in the U.S.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
SPRU vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.0M | $14.5M |
| Net Profit | $-6.9M | $-2.5M |
| Gross Margin | — | 43.9% |
| Operating Margin | 9.4% | -3.7% |
| Net Margin | -28.6% | -17.0% |
| Revenue YoY | 20.4% | 79.1% |
| Net Profit YoY | -15.8% | -28.5% |
| EPS (diluted) | $-0.38 | $-0.01 |
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 | $24.0M | $14.5M | ||
| Q3 25 | $30.7M | $12.8M | ||
| Q2 25 | $33.2M | $10.0M | ||
| Q1 25 | $23.8M | $5.1M | ||
| Q4 24 | $20.0M | $8.1M | ||
| Q3 24 | $21.4M | $4.4M | ||
| Q2 24 | $22.5M | $4.5M | ||
| Q1 24 | $18.3M | $3.6M |
| Q4 25 | $-6.9M | $-2.5M | ||
| Q3 25 | $-860.0K | $-3.7M | ||
| Q2 25 | $-3.0M | $-256.7K | ||
| Q1 25 | $-15.3M | $-5.7M | ||
| Q4 24 | $-5.9M | $-1.9M | ||
| Q3 24 | $-53.5M | $-3.2M | ||
| Q2 24 | $-8.6M | $-4.1M | ||
| Q1 24 | $-2.5M | $-9.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | 54.8% | 52.8% | ||
| Q2 24 | 54.9% | 31.9% | ||
| Q1 24 | 51.5% | 20.0% |
| Q4 25 | 9.4% | -3.7% | ||
| Q3 25 | 27.6% | -14.3% | ||
| Q2 25 | 26.8% | 1.0% | ||
| Q1 25 | -7.1% | -115.6% | ||
| Q4 24 | -31.4% | -22.7% | ||
| Q3 24 | -173.8% | -73.1% | ||
| Q2 24 | -14.9% | -90.9% | ||
| Q1 24 | -19.7% | -270.3% |
| Q4 25 | -28.6% | -17.0% | ||
| Q3 25 | -2.8% | -29.0% | ||
| Q2 25 | -8.9% | -2.6% | ||
| Q1 25 | -64.4% | -111.0% | ||
| Q4 24 | -29.7% | -23.7% | ||
| Q3 24 | -250.4% | -74.0% | ||
| Q2 24 | -38.2% | -91.8% | ||
| Q1 24 | -13.4% | -270.5% |
| Q4 25 | $-0.38 | $-0.01 | ||
| Q3 25 | $-0.05 | $-0.02 | ||
| Q2 25 | $-0.17 | $0.00 | ||
| Q1 25 | $-0.84 | $-0.03 | ||
| Q4 24 | $-0.36 | $-0.01 | ||
| Q3 24 | $-2.88 | $-0.02 | ||
| Q2 24 | $-0.45 | $-0.02 | ||
| Q1 24 | $-0.13 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $54.8M | $3.2M |
| Total DebtLower is stronger | $695.5M | — |
| Stockholders' EquityBook value | $121.3M | $38.2M |
| Total Assets | $837.3M | $74.2M |
| Debt / EquityLower = less leverage | 5.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $3.2M | ||
| Q3 25 | $53.6M | $5.7M | ||
| Q2 25 | $53.5M | $11.4M | ||
| Q1 25 | $61.9M | $15.9M | ||
| Q4 24 | $72.8M | $466.5K | ||
| Q3 24 | $113.7M | $220.4K | ||
| Q2 24 | $116.6M | $608.2K | ||
| Q1 24 | $120.6M | $948.1K |
| 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 | $121.3M | $38.2M | ||
| Q3 25 | $124.9M | $39.6M | ||
| Q2 25 | $125.0M | $42.0M | ||
| Q1 25 | $130.8M | $40.6M | ||
| Q4 24 | $143.7M | $13.5M | ||
| Q3 24 | $151.6M | $13.7M | ||
| Q2 24 | $204.6M | $14.8M | ||
| Q1 24 | $213.0M | $16.7M |
| Q4 25 | $837.3M | $74.2M | ||
| Q3 25 | $857.1M | $69.6M | ||
| Q2 25 | $862.6M | $70.0M | ||
| Q1 25 | $878.0M | $63.5M | ||
| Q4 24 | $898.5M | $42.4M | ||
| Q3 24 | $806.8M | $39.0M | ||
| Q2 24 | $858.4M | $35.7M | ||
| Q1 24 | $867.9M | $35.2M |
| 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 | $-3.3M | $-1.5M |
| Free Cash FlowOCF − Capex | $-3.3M | $-3.2M |
| FCF MarginFCF / Revenue | -13.7% | -22.3% |
| Capex IntensityCapex / Revenue | 0.0% | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.8M | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.3M | $-1.5M | ||
| Q3 25 | $11.2M | $-7.5M | ||
| Q2 25 | $-2.3M | $-3.5M | ||
| Q1 25 | $-9.1M | $-6.1M | ||
| Q4 24 | $-13.5M | $-3.3M | ||
| Q3 24 | $-1.1M | $-2.5M | ||
| Q2 24 | $-5.1M | $-1.0M | ||
| Q1 24 | $-22.2M | $-2.7M |
| Q4 25 | $-3.3M | $-3.2M | ||
| Q3 25 | $11.2M | $-8.2M | ||
| Q2 25 | $-2.4M | $-3.8M | ||
| Q1 25 | $-9.2M | $-7.0M | ||
| Q4 24 | $-13.6M | $-3.4M | ||
| Q3 24 | $-1.1M | $-4.2M | ||
| Q2 24 | $-5.2M | $-3.1M | ||
| Q1 24 | $-22.3M | $-2.8M |
| Q4 25 | -13.7% | -22.3% | ||
| Q3 25 | 36.5% | -64.1% | ||
| Q2 25 | -7.3% | -37.7% | ||
| Q1 25 | -38.7% | -136.2% | ||
| Q4 24 | -68.3% | -41.7% | ||
| Q3 24 | -5.1% | -96.9% | ||
| Q2 24 | -23.1% | -69.5% | ||
| Q1 24 | -121.7% | -76.9% |
| Q4 25 | 0.0% | 11.8% | ||
| Q3 25 | 0.1% | 5.9% | ||
| Q2 25 | 0.3% | 3.2% | ||
| Q1 25 | 0.4% | 17.0% | ||
| Q4 24 | 0.9% | 1.5% | ||
| Q3 24 | 0.1% | 38.8% | ||
| Q2 24 | 0.4% | 46.8% | ||
| Q1 24 | 0.4% | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPRU
Segment breakdown not available.
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
