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Side-by-side financial comparison of SPRUCE POWER HOLDING CORP (SPRU) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.

Neuronetics, Inc. is the larger business by last-quarter revenue ($41.8M vs $24.0M, roughly 1.7× SPRUCE POWER HOLDING CORP). Neuronetics, Inc. runs the higher net margin — -17.2% vs -28.6%, a 11.3% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 20.4%). Neuronetics, Inc. produced more free cash flow last quarter ($692.0K vs $-3.3M). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% 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.

Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology. 

SPRU vs STIM — Head-to-Head

Bigger by revenue
STIM
STIM
1.7× larger
STIM
$41.8M
$24.0M
SPRU
Growing faster (revenue YoY)
STIM
STIM
+65.4% gap
STIM
85.7%
20.4%
SPRU
Higher net margin
STIM
STIM
11.3% more per $
STIM
-17.2%
-28.6%
SPRU
More free cash flow
STIM
STIM
$4.0M more FCF
STIM
$692.0K
$-3.3M
SPRU
Faster 2-yr revenue CAGR
STIM
STIM
Annualised
STIM
54.9%
14.6%
SPRU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPRU
SPRU
STIM
STIM
Revenue
$24.0M
$41.8M
Net Profit
$-6.9M
$-7.2M
Gross Margin
52.0%
Operating Margin
9.4%
-12.1%
Net Margin
-28.6%
-17.2%
Revenue YoY
20.4%
85.7%
Net Profit YoY
-15.8%
43.2%
EPS (diluted)
$-0.38
$-0.10

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.

Revenue
SPRU
SPRU
STIM
STIM
Q4 25
$24.0M
$41.8M
Q3 25
$30.7M
$37.3M
Q2 25
$33.2M
$38.1M
Q1 25
$23.8M
$32.0M
Q4 24
$20.0M
$22.5M
Q3 24
$21.4M
$18.5M
Q2 24
$22.5M
$16.4M
Q1 24
$18.3M
$17.4M
Net Profit
SPRU
SPRU
STIM
STIM
Q4 25
$-6.9M
$-7.2M
Q3 25
$-860.0K
$-9.0M
Q2 25
$-3.0M
$-10.1M
Q1 25
$-15.3M
$-12.7M
Q4 24
$-5.9M
$-12.7M
Q3 24
$-53.5M
$-13.3M
Q2 24
$-8.6M
$-9.8M
Q1 24
$-2.5M
$-7.9M
Gross Margin
SPRU
SPRU
STIM
STIM
Q4 25
52.0%
Q3 25
45.9%
Q2 25
46.6%
Q1 25
49.2%
Q4 24
66.2%
Q3 24
54.8%
75.6%
Q2 24
54.9%
74.0%
Q1 24
51.5%
75.1%
Operating Margin
SPRU
SPRU
STIM
STIM
Q4 25
9.4%
-12.1%
Q3 25
27.6%
-19.6%
Q2 25
26.8%
-21.1%
Q1 25
-7.1%
-34.4%
Q4 24
-31.4%
-51.0%
Q3 24
-173.8%
-41.7%
Q2 24
-14.9%
-51.7%
Q1 24
-19.7%
-39.4%
Net Margin
SPRU
SPRU
STIM
STIM
Q4 25
-28.6%
-17.2%
Q3 25
-2.8%
-24.3%
Q2 25
-8.9%
-26.6%
Q1 25
-64.4%
-39.6%
Q4 24
-29.7%
-56.4%
Q3 24
-250.4%
-72.0%
Q2 24
-38.2%
-59.8%
Q1 24
-13.4%
-45.2%
EPS (diluted)
SPRU
SPRU
STIM
STIM
Q4 25
$-0.38
$-0.10
Q3 25
$-0.05
$-0.13
Q2 25
$-0.17
$-0.15
Q1 25
$-0.84
$-0.21
Q4 24
$-0.36
$-0.34
Q3 24
$-2.88
$-0.44
Q2 24
$-0.45
$-0.33
Q1 24
$-0.13
$-0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SPRU
SPRU
STIM
STIM
Cash + ST InvestmentsLiquidity on hand
$54.8M
$28.1M
Total DebtLower is stronger
$695.5M
$65.8M
Stockholders' EquityBook value
$121.3M
$22.4M
Total Assets
$837.3M
$141.6M
Debt / EquityLower = less leverage
5.74×
2.94×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRU
SPRU
STIM
STIM
Q4 25
$54.8M
$28.1M
Q3 25
$53.6M
$28.0M
Q2 25
$53.5M
$11.0M
Q1 25
$61.9M
$20.2M
Q4 24
$72.8M
$18.5M
Q3 24
$113.7M
$20.9M
Q2 24
$116.6M
$42.6M
Q1 24
$120.6M
$47.7M
Total Debt
SPRU
SPRU
STIM
STIM
Q4 25
$695.5M
$65.8M
Q3 25
$705.6M
$65.7M
Q2 25
$717.1M
$55.5M
Q1 25
$723.8M
$55.3M
Q4 24
$730.6M
$55.2M
Q3 24
$46.0M
Q2 24
$59.8M
Q1 24
$59.4M
Stockholders' Equity
SPRU
SPRU
STIM
STIM
Q4 25
$121.3M
$22.4M
Q3 25
$124.9M
$27.4M
Q2 25
$125.0M
$27.1M
Q1 25
$130.8M
$35.5M
Q4 24
$143.7M
$27.7M
Q3 24
$151.6M
$9.4M
Q2 24
$204.6M
$19.4M
Q1 24
$213.0M
$27.7M
Total Assets
SPRU
SPRU
STIM
STIM
Q4 25
$837.3M
$141.6M
Q3 25
$857.1M
$145.5M
Q2 25
$862.6M
$134.7M
Q1 25
$878.0M
$142.0M
Q4 24
$898.5M
$140.9M
Q3 24
$806.8M
Q2 24
$858.4M
$96.8M
Q1 24
$867.9M
$103.8M
Debt / Equity
SPRU
SPRU
STIM
STIM
Q4 25
5.74×
2.94×
Q3 25
5.65×
2.40×
Q2 25
5.74×
2.05×
Q1 25
5.53×
1.56×
Q4 24
5.08×
1.99×
Q3 24
4.90×
Q2 24
3.08×
Q1 24
2.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SPRU
SPRU
STIM
STIM
Operating Cash FlowLast quarter
$-3.3M
$908.0K
Free Cash FlowOCF − Capex
$-3.3M
$692.0K
FCF MarginFCF / Revenue
-13.7%
1.7%
Capex IntensityCapex / Revenue
0.0%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-3.8M
$-21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRU
SPRU
STIM
STIM
Q4 25
$-3.3M
$908.0K
Q3 25
$11.2M
$-785.0K
Q2 25
$-2.3M
$-3.5M
Q1 25
$-9.1M
$-17.0M
Q4 24
$-13.5M
$-8.6M
Q3 24
$-1.1M
$-5.4M
Q2 24
$-5.1M
$-5.0M
Q1 24
$-22.2M
$-12.0M
Free Cash Flow
SPRU
SPRU
STIM
STIM
Q4 25
$-3.3M
$692.0K
Q3 25
$11.2M
$-899.0K
Q2 25
$-2.4M
$-3.8M
Q1 25
$-9.2M
$-17.2M
Q4 24
$-13.6M
$-8.7M
Q3 24
$-1.1M
$-5.8M
Q2 24
$-5.2M
$-5.6M
Q1 24
$-22.3M
$-12.4M
FCF Margin
SPRU
SPRU
STIM
STIM
Q4 25
-13.7%
1.7%
Q3 25
36.5%
-2.4%
Q2 25
-7.3%
-9.9%
Q1 25
-38.7%
-53.8%
Q4 24
-68.3%
-38.6%
Q3 24
-5.1%
-31.3%
Q2 24
-23.1%
-34.0%
Q1 24
-121.7%
-71.1%
Capex Intensity
SPRU
SPRU
STIM
STIM
Q4 25
0.0%
0.5%
Q3 25
0.1%
0.3%
Q2 25
0.3%
0.7%
Q1 25
0.4%
0.7%
Q4 24
0.9%
0.4%
Q3 24
0.1%
2.1%
Q2 24
0.4%
3.7%
Q1 24
0.4%
2.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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