Spruce Power Holding Corporation (SPRU) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Director of Investor Relations. Please go ahead. Thank you, operator. Good afternoon, everyone, and welcome to Spruce Power's second quarter 2025 earnings conference call. Joining me today are Chris Hayes, Spruce's Chief Executive Officer, and Tom Cimino, the company's Interim Chief Financial Officer. Before we begin, I would like to remind you that we will comment on our financial performance using both GAAP and non-GAAP financial measures. Important information about these non-GAAP financial measures, including reconciliations to the comparable GAAP measures, is included in our earnings release for the second quarter of 2025, which has been posted on the investor relations page of our corporate website. Our discussion will also include forward-looking statements. These statements are not statements of historical fact, reflect our current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed. There can be no assurance the actual performance will not differ materially from any future expectations or results expressed or implied by these forward-looking statements. We undertake no obligation to publicly revise or update any forward-looking statement except as required by applicable law. Please refer to our earnings released and our other SEC filings for further discussion on Spruce Bower's risk factors and other important information regarding our forward-looking statements. All comments made during today's call are subject to that Safe Harbor statement. With that, I will turn it over to Chris. Thanks, Scott, and hello, everyone. SPRSS reported a 48% increase in revenue compared to the year earlier period and a 71% year-over-year growth in operating EBITDA. These results primarily reflect the ...