Sunrun Inc. (RUN)

Sunrun Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,038	2,260	2,321	1,610	922.19
Revenue Growth (YoY)	-9.83%	-2.65%	44.19%	74.58%	7.41%
Cost of Revenue	1,709	2,097	2,023	1,365	743.53
Gross Profit	328.55	163.06	298.71	244.48	178.67
Selling, General & Admin	862.29	961.89	940	887.5	619.05
Research & Development	39.3	21.82	20.91	23.17	19.55
Operating Expenses	901.59	983.7	960.9	910.67	643.77
Operating Income	-573.04	-820.64	-662.19	-666.19	-465.11
Interest Expense	-726.7	-653.65	-256.11	-306.31	-227.69
Other Non Operating Income (Expenses)	91.17	-4.54	70.95	1.24	5.28
EBT Excluding Unusual Items	-1,209	-1,479	-847.35	-971.26	-687.52
Impairment of Goodwill	-3,122	-1,158	-	-	-
Gain (Loss) on Sale of Investments	-51.3	-58.7	-	-	-
Pretax Income	-4,382	-2,696	-847.35	-971.26	-687.52
Income Tax Expense	-26.82	-12.69	2.29	9.27	-60.57
Earnings From Continuing Operations	-4,355	-2,683	-849.65	-980.53	-626.95
Minority Interest in Earnings	1,509	1,078	1,023	901.11	453.55
Net Income	-2,846	-1,604	173.38	-79.42	-173.39
Preferred Dividends & Other Adjustments	-	-	-2.26	-	-
Net Income to Common	-2,846	-1,604	175.64	-79.42	-173.39
Shares Outstanding (Basic)	222	217	211	205	140
Shares Outstanding (Diluted)	222	217	219	205	140
Shares Change (YoY)	2.57%	-1.15%	6.84%	46.94%	12.70%
EPS (Basic)	-12.81	-7.41	0.83	-0.39	-1.24
EPS (Diluted)	-12.81	-7.41	0.80	-0.39	-1.24
Free Cash Flow	-3,467	-3,429	-2,860	-2,503	-1,288
Free Cash Flow Per Share	-15.60	-15.83	-13.05	-12.20	-9.22
Gross Margin	16.12%	7.22%	12.87%	15.19%	19.37%
Operating Margin	-28.12%	-36.31%	-28.52%	-41.38%	-50.43%
Profit Margin	-139.67%	-71.00%	7.57%	-4.93%	-18.80%
Free Cash Flow Margin	-170.15%	-151.73%	-123.19%	-155.49%	-139.63%
EBITDA	47.84	-288.97	-211.15	-278.09	-222.17
EBITDA Margin	2.35%	-12.79%	-9.10%	-17.27%	-24.09%
D&A For EBITDA	620.88	531.67	451.05	388.1	242.94
EBIT	-573.04	-820.64	-662.19	-666.19	-465.11
EBIT Margin	-28.12%	-36.31%	-28.52%	-41.38%	-50.43%
Revenue as Reported	2,038	2,260	2,321	1,610	922.19

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q