Sunrun Inc. (RUN)
NASDAQ: RUN · Real-Time Price · USD
9.94
-0.44 (-4.24%)
At close: Jul 24, 2026, 4:00 PM EDT
10.00
+0.06 (0.58%)
After-hours: Jul 24, 2026, 7:59 PM EDT

Sunrun Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,1752,9572,0382,2602,3211,610
Revenue Growth
52.36%45.11%-9.83%-2.65%44.19%74.58%
Gross Profit
1,018897.3328.55163.06298.71244.48
Operating Income
-54.75-126.13-3,695-1,979-662.19-666.19
Net Income
567.58449.95-2,846-1,604173.38-79.42
Earnings Per Share
2.131.71-12.81-7.410.80-0.39
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Customer Agreements
1,7741,7081,3881,077872.3725.22
Incentives
109.68110.52116.82109.61110.75101.34
Energy Systems
1,050878.34204.78656.41913.9471.28
Products
240.56259.65327.72416.7424.47312.11
Revenue (Total)
3,1752,9572,0382,2602,3211,610

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,0891,237947.27987.69952.88850.28
Total Debt
14,85014,75212,99410,7638,4286,525
Net Cash (Debt)
-13,761-13,515-12,046-9,775-7,475-5,675
Net Cash Growth
------
Net Cash Per Share
-51.34-51.10-54.21-45.12-34.11-27.66

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-306.61-421.44-766.15-820.74-848.79-817.19
Capital Expenditures
-2,270-2,500-2,701-2,608-2,011-1,686
Free Cash Flow
-2,577-2,922-3,467-3,429-2,860-2,503
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
32.07%30.34%16.12%7.22%12.87%15.19%
Operating Margin
-1.72%-4.27%-181.34%-87.56%-28.53%-41.38%
Pretax Margin
-33.98%-39.78%-215.05%-119.28%-36.50%-60.33%
Profit Margin
-32.42%-34.13%-213.73%-118.72%-36.60%-60.90%
FCF Margin
-81.16%-98.81%-170.15%-151.73%-123.19%-155.49%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
4.7010.76--30.03-
Forward PE
15.9430.19121.14121.14239.34183.34
PS Ratio
0.751.451.021.912.224.44