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Side-by-side financial comparison of SPRUCE POWER HOLDING CORP (SPRU) and Village Farms International, Inc. (VFF). 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 $12.2M, roughly 2.0× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -28.6%, a 48.4% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs 20.4%).
Spruce Finance is an American consumer finance company specializing in the residential solar finance and efficiency home improvement sectors in the U.S.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
SPRU vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.0M | $12.2M |
| Net Profit | $-6.9M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | 9.4% | — |
| Net Margin | -28.6% | 19.9% |
| Revenue YoY | 20.4% | 31.5% |
| Net Profit YoY | -15.8% | 128.2% |
| 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 | $12.2M | ||
| Q3 25 | $30.7M | $66.7M | ||
| Q2 25 | $33.2M | $59.9M | ||
| Q1 25 | $23.8M | $77.1M | ||
| Q4 24 | $20.0M | — | ||
| Q3 24 | $21.4M | $54.9M | ||
| Q2 24 | $22.5M | $53.6M | ||
| Q1 24 | $18.3M | $78.1M |
| Q4 25 | $-6.9M | $2.4M | ||
| Q3 25 | $-860.0K | $10.2M | ||
| Q2 25 | $-3.0M | $26.5M | ||
| Q1 25 | $-15.3M | $-6.7M | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-53.5M | $-820.0K | ||
| Q2 24 | $-8.6M | $-23.5M | ||
| Q1 24 | $-2.5M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 54.8% | 24.8% | ||
| Q2 24 | 54.9% | 25.4% | ||
| Q1 24 | 51.5% | 19.9% |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 27.6% | 23.3% | ||
| Q2 25 | 26.8% | 20.8% | ||
| Q1 25 | -7.1% | -8.0% | ||
| Q4 24 | -31.4% | — | ||
| Q3 24 | -173.8% | 3.8% | ||
| Q2 24 | -14.9% | -43.5% | ||
| Q1 24 | -19.7% | -3.0% |
| Q4 25 | -28.6% | 19.9% | ||
| Q3 25 | -2.8% | 15.3% | ||
| Q2 25 | -8.9% | 44.2% | ||
| Q1 25 | -64.4% | -8.7% | ||
| Q4 24 | -29.7% | — | ||
| Q3 24 | -250.4% | -1.5% | ||
| Q2 24 | -38.2% | -43.9% | ||
| Q1 24 | -13.4% | -3.7% |
| Q4 25 | $-0.38 | $0.01 | ||
| Q3 25 | $-0.05 | $0.08 | ||
| Q2 25 | $-0.17 | $0.24 | ||
| Q1 25 | $-0.84 | $-0.06 | ||
| Q4 24 | $-0.36 | — | ||
| Q3 24 | $-2.88 | $-0.01 | ||
| Q2 24 | $-0.45 | $-0.21 | ||
| Q1 24 | $-0.13 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | $695.5M | $33.7M |
| Stockholders' EquityBook value | $121.3M | $299.9M |
| Total Assets | $837.3M | $423.1M |
| Debt / EquityLower = less leverage | 5.74× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $81.2M | ||
| Q3 25 | $53.6M | $82.6M | ||
| Q2 25 | $53.5M | $60.0M | ||
| Q1 25 | $61.9M | $15.1M | ||
| Q4 24 | $72.8M | — | ||
| Q3 24 | $113.7M | $28.7M | ||
| Q2 24 | $116.6M | $29.7M | ||
| Q1 24 | $120.6M | $26.7M |
| Q4 25 | $695.5M | $33.7M | ||
| Q3 25 | $705.6M | $34.6M | ||
| Q2 25 | $717.1M | $39.1M | ||
| Q1 25 | $723.8M | $39.2M | ||
| Q4 24 | $730.6M | — | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M |
| Q4 25 | $121.3M | $299.9M | ||
| Q3 25 | $124.9M | $295.4M | ||
| Q2 25 | $125.0M | $284.3M | ||
| Q1 25 | $130.8M | $248.3M | ||
| Q4 24 | $143.7M | — | ||
| Q3 24 | $151.6M | $274.4M | ||
| Q2 24 | $204.6M | $275.2M | ||
| Q1 24 | $213.0M | $296.2M |
| Q4 25 | $837.3M | $423.1M | ||
| Q3 25 | $857.1M | $418.4M | ||
| Q2 25 | $862.6M | $403.7M | ||
| Q1 25 | $878.0M | $377.1M | ||
| Q4 24 | $898.5M | — | ||
| Q3 24 | $806.8M | $417.8M | ||
| Q2 24 | $858.4M | $425.4M | ||
| Q1 24 | $867.9M | $458.4M |
| Q4 25 | 5.74× | 0.11× | ||
| Q3 25 | 5.65× | 0.12× | ||
| Q2 25 | 5.74× | 0.14× | ||
| Q1 25 | 5.53× | 0.16× | ||
| Q4 24 | 5.08× | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | $-3.3M | — |
| FCF MarginFCF / Revenue | -13.7% | — |
| Capex IntensityCapex / Revenue | 0.0% | 90.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $11.2M | $24.4M | ||
| Q2 25 | $-2.3M | — | ||
| Q1 25 | $-9.1M | $-6.4M | ||
| Q4 24 | $-13.5M | — | ||
| Q3 24 | $-1.1M | $4.3M | ||
| Q2 24 | $-5.1M | $5.7M | ||
| Q1 24 | $-22.2M | $-50.0K |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $11.2M | $22.6M | ||
| Q2 25 | $-2.4M | — | ||
| Q1 25 | $-9.2M | $-8.9M | ||
| Q4 24 | $-13.6M | — | ||
| Q3 24 | $-1.1M | $1.5M | ||
| Q2 24 | $-5.2M | $4.8M | ||
| Q1 24 | $-22.3M | $-1.9M |
| Q4 25 | -13.7% | — | ||
| Q3 25 | 36.5% | 33.9% | ||
| Q2 25 | -7.3% | — | ||
| Q1 25 | -38.7% | -11.6% | ||
| Q4 24 | -68.3% | — | ||
| Q3 24 | -5.1% | 2.7% | ||
| Q2 24 | -23.1% | 9.0% | ||
| Q1 24 | -121.7% | -2.5% |
| Q4 25 | 0.0% | 90.8% | ||
| Q3 25 | 0.1% | 2.7% | ||
| Q2 25 | 0.3% | 4.6% | ||
| Q1 25 | 0.4% | 3.3% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.1% | 5.1% | ||
| Q2 24 | 0.4% | 1.6% | ||
| Q1 24 | 0.4% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPRU
Segment breakdown not available.
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
