Sunrun Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,175	2,957	2,038	2,260	2,321	1,610
Revenue Growth (YoY)	52.36%	45.11%	-9.83%	-2.65%	44.19%	74.58%
Operations and Maintenance Expenses	2,157	2,060	1,709	2,097	2,023	1,365
Gross Profit	1,018	897.3	328.55	163.06	298.71	244.48
Other Operating Expenses	1,073	1,023	4,024	2,142	960.9	910.67
Operating Income	-54.75	-126.13	-3,695	-1,979	-662.19	-666.19
Interest Expense	1,033	996.78	848.37	652.99	445.82	327.7
Other Non-Operating Income (Expense)	-9.17	53.41	-161.54	63.9	-260.66	-22.63
Total Non-Operating Income (Expense)	1,024	1,050	686.83	716.89	185.16	305.07
Pretax Income	-1,079	-1,176	-4,382	-2,696	-847.35	-971.26
Provision for Income Taxes	-49.6	-167.22	-26.82	-12.69	2.29	9.27
Net Income	271.22	449.95	-2,846	-1,605	173.38	-79.42
Minority Interest in Earnings	-1,597	-1,459	-1,509	-1,078	-1,023	-901.11
Net Income to Common	271.22	449.95	-2,846	-1,605	173.38	-79.42
Shares Outstanding (Basic)	232	230	222	217	211	205
Shares Outstanding (Diluted)	268	264	222	217	219	205
Shares Change (YoY)	11.50%	19.01%	2.57%	-1.15%	6.84%	46.94%
EPS (Basic)	2.45	1.96	-12.81	-7.41	0.82	-0.39
EPS (Diluted)	2.13	1.71	-12.81	-7.41	0.80	-0.39
Shares Outstanding	235.51	233.61	225.66	219.39	214.18	208.18
Free Cash Flow	-2,577	-2,922	-3,467	-3,429	-2,860	-2,503
Free Cash Flow Per Share	-9.61	-11.05	-15.60	-15.83	-13.05	-12.20
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%
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%
EBITDA	690.49	599.45	-3,074	-1,447	-211.15	-278.09
EBITDA Margin	21.75%	20.27%	-150.87%	-64.03%	-9.10%	-17.27%
EBIT	-54.75	-126.13	-3,695	-1,979	-662.19	-666.19
EBIT Margin	-1.72%	-4.27%	-181.34%	-87.56%	-28.53%	-41.38%
Effective Tax Rate	4.60%	14.22%	0.61%	0.47%	-0.27%	-0.95%

Updated May 6, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q