Sunrun Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,957	2,038	2,260	2,321	1,610
Revenue Growth (YoY)	45.11%	-9.83%	-2.65%	44.19%	74.58%
Cost of Revenue	2,060	1,709	2,097	2,023	1,365
Gross Profit	897.3	328.55	163.06	298.71	244.48
Selling, General & Admin	987.3	862.29	961.89	940	887.5
Research & Development	36.13	39.3	21.82	20.91	23.17
Operating Expenses	1,023	901.59	983.7	960.9	910.67
Operating Income	-126.13	-573.04	-820.64	-662.19	-666.19
Interest Expense	-1,047	-726.7	-653.65	-256.11	-306.31
Other Non Operating Income (Expenses)	-3.58	39.87	-63.24	70.95	1.24
EBT Excluding Unusual Items	-1,176	-1,260	-1,538	-847.35	-971.26
Impairment of Goodwill	-	-3,122	-1,158	-	-
Pretax Income	-1,176	-4,382	-2,696	-847.35	-971.26
Income Tax Expense	-167.22	-26.82	-12.69	2.29	9.27
Earnings From Continuing Operations	-1,009	-4,355	-2,683	-849.65	-980.53
Minority Interest in Earnings	1,459	1,509	1,078	1,023	901.11
Net Income	449.95	-2,846	-1,604	173.38	-79.42
Preferred Dividends & Other Adjustments	2.3	-	-	-2.26	-
Net Income to Common	447.64	-2,846	-1,604	175.64	-79.42
Shares Outstanding (Basic)	230	222	217	211	205
Shares Outstanding (Diluted)	264	222	217	219	205
Shares Change (YoY)	19.01%	2.57%	-1.15%	6.84%	46.94%
EPS (Basic)	1.95	-12.81	-7.41	0.83	-0.39
EPS (Diluted)	1.70	-12.81	-7.41	0.80	-0.39
Free Cash Flow	-2,922	-3,467	-3,429	-2,860	-2,503
Free Cash Flow Per Share	-11.05	-15.60	-15.83	-13.05	-12.20
Gross Margin	30.34%	16.12%	7.22%	12.87%	15.19%
Operating Margin	-4.26%	-28.12%	-36.31%	-28.52%	-41.38%
Profit Margin	15.14%	-139.67%	-71.00%	7.57%	-4.93%
Free Cash Flow Margin	-98.81%	-170.15%	-151.73%	-123.19%	-155.49%
EBITDA	599.45	47.84	-288.97	-211.15	-278.09
EBITDA Margin	20.27%	2.35%	-12.79%	-9.10%	-17.27%
D&A For EBITDA	725.58	620.88	531.67	451.05	388.1
EBIT	-126.13	-573.04	-820.64	-662.19	-666.19
EBIT Margin	-4.26%	-28.12%	-36.31%	-28.52%	-41.38%
Revenue as Reported	2,957	2,038	2,260	2,321	1,610

Source: S&P Global Market Intelligence. Standard template. Financial Sources.