Sunrun Inc.
Sunrun Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Accounts Receivable Net Current | 233 | 263 | 248 | 187 | 172 | 171 | 183 | 180 | 170 | 172 | 189 | 215 | |||||
Assets Current | 1,966 | 2,156 | 2,070 | 1,786 | 1,667 | 1,723 | 1,602 | 1,676 | 1,671 | 1,882 | 1,929 | 2,083 | |||||
Restricted Cash Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Property Plant And Equipment And Finance Lease Rig… | 67 | 76 | 87 | 98 | 109 | 121 | 135 | 143 | 157 | 149 | 128 | 110 | |||||
Finite Lived Intangible Assets Net | - | - | - | - | - | - | - | - | - | - | 1 | 5 | |||||
Goodwill | - | 0 | - | - | - | 0 | 3,122 | 3,122 | 3,122 | 3,122 | 3,122 | 4,280 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Contract With Customer Liability Current | 161 | 163 | 160 | 145 | 134 | 129 | 121 | 120 | 121 | 129 | 129 | 162 | |||||
Finance Lease Liability Current | 24 | 25 | 25 | 25 | 26 | 26 | 27 | 26 | 24 | 22 | 19 | 16 | |||||
Liabilities Current | 1,359 | 1,303 | 1,421 | 1,269 | 1,262 | 1,334 | 1,092 | 1,008 | 1,274 | 1,488 | 1,423 | 1,422 | |||||
Contract With Customer Liability Noncurrent | 1,370 | 1,350 | 1,322 | 1,281 | 1,238 | 1,209 | 1,172 | 1,141 | 1,109 | 1,067 | 1,026 | 980 | |||||
Finance Lease Liability Noncurrent | 31 | 37 | 44 | 51 | 58 | 66 | 75 | 80 | 74 | 69 | 56 | 47 | |||||
Convertible Debt Noncurrent | 474 | 474 | 473 | 473 | 472 | 479 | 604 | 652 | 663 | 393 | 395 | 394 | |||||
Line Of Credit | - | - | - | - | - | - | 393 | 391 | 387 | - | 517 | 552 | |||||
Long Term Line Of Credit | 152 | 238 | 319 | 337 | 358 | 384 | - | - | - | 540 | - | - | |||||
Deferred Income Tax Liabilities Net | 199 | 163 | 124 | 71 | 98 | 138 | 115 | 112 | 122 | 123 | 137 | 91 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 730 | 709 | 730 | 716 | 658 | 624 | 634 | 636 | 657 | 676 | 683 | 610 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 6,939 | 6,899 | 6,867 | 6,824 | 6,784 | 6,747 | 6,707 | 6,654 | 6,614 | 6,609 | 6,575 | 6,547 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 64 | 63 | 50 | 53 | 61 | 87 | 37 | 95 | 88 | 55 | 119 | 65 | |||||
Retained Earnings Accumulated Deficit | -3,662 | -3,830 | -3,933 | -3,950 | -4,230 | -4,280 | -1,466 | -1,382 | -1,522 | -1,434 | -1,084 | -14 | |||||
Stockholders Equity | 3,341 | 3,132 | 2,984 | 2,927 | 3,440 | 3,540 | 5,278 | 6,413 | 5,180 | 6,238 | 5,611 | 6,597 | |||||
Minority Interest | 886 | 1,142 | 931 | 804 | 824 | 986 | 1,123 | 1,047 | 921 | 1,008 | 780 | 988 | |||||
Liabilities And Stockholders Equity | 22,765 | 22,611 | 22,225 | 21,230 | 20,378 | 19,898 | 22,104 | 21,443 | 20,834 | 20,450 | 20,027 | 20,491 | |||||
Variable Interest Entity Primary Beneficiary | 15,748 | 15,594 | 490 | 664 | 13,795 | 13,290 | 394 | 349 | 11,973 | 11,539 | 70 | 413 | |||||
Allowance For Doubtful Accounts Receivable Current | 23 | 21 | 18 | 17 | 16 | 15 | 17 | 16 | 16 | 19 | 14 | 14 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Recourse | - | - | - | - | - | 1,408 | - | - | - | 1,460 | - | - | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |||||
Common Stock Shares Issued | 236 | 234 | 232 | 230 | 227 | 226 | 224 | 223 | 221 | 219 | 218 | 217 | |||||
Shares Outstanding | 236 | 234 | 232 | 230 | 227 | 226 | 224 | 223 | 221 | 219 | 218 | 217 | |||||
Assets | 22,765 | 22,611 | 22,225 | 21,230 | 20,378 | 19,898 | 22,104 | 21,443 | 20,834 | 20,450 | 20,027 | 20,491 | |||||
Property Subject To Or Available For Operating Lea… | 17,026 | 16,818 | 16,600 | 16,063 | 15,498 | 15,032 | 14,428 | 13,857 | 13,423 | 13,029 | 12,529 | 11,937 | |||||
Cash | 680 | 823 | 709 | 618 | 605 | 575 | 534 | 708 | 487 | 679 | 644 | 669 | |||||
Restricted Cash Current | 410 | 413 | 446 | 394 | 374 | 372 | 477 | 335 | 296 | 309 | 308 | 252 | |||||
Inventory Net | 490 | 501 | 570 | 491 | 414 | 402 | 342 | 353 | 412 | 460 | 662 | 792 | |||||
Prepaid Expense And Other Assets Current | 154 | 155 | 97 | 96 | 102 | 203 | 67 | 101 | 306 | 263 | 126 | 155 | |||||
Other Assets Noncurrent | 3,706 | 3,561 | 3,468 | 3,282 | 3,104 | 3,022 | 2,817 | 2,645 | 2,462 | 2,268 | 2,318 | 2,076 | |||||
Liabilities | 17,809 | 17,627 | 17,581 | 16,784 | 16,280 | 15,734 | 15,070 | 14,395 | 14,076 | 13,536 | 12,953 | 12,296 | |||||
Accounts Payable Current | 343 | 271 | 337 | 280 | 269 | 354 | 244 | 217 | 287 | 231 | 296 | 329 | |||||
Accrued Liabilities And Other Liabilities | 483 | 519 | 539 | 491 | 537 | 544 | 410 | 349 | 538 | 499 | 381 | 388 | |||||
Contract With Customer Liability | 1,530 | 1,513 | 1,481 | 1,426 | 1,372 | 1,338 | 1,293 | 1,261 | 1,230 | 1,196 | 1,155 | 1,142 | |||||
Long Term Debt | 14,795 | 14,696 | 14,627 | 14,039 | 13,566 | 12,901 | 12,452 | 11,962 | 11,148 | 10,672 | 10,238 | 9,604 | |||||
Other Liabilities Noncurrent | 152 | 156 | 169 | 168 | 121 | 120 | 212 | 152 | 147 | 191 | 138 | 143 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 30.32% | 5.14% | -22.53% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.35% | 0.54% | 45.87% | 76.07% | 94.82% | 129.88% | -0.83% | 0.24% | -4.51% | -40.16% | -39.28% | -31.49% |
| 2024 | 25.63% | 3.04% | 55.17% | 24.44% | 12.19% | -12.86% | -0.60% | -15.00% | -11.81% | -16.69% | -13.40% | 54.87% |
| 2023 | - | - | - | -22.03% | -27.75% | -44.79% | 19.18% | 102.95% | 38.78% | -36.52% | -25.29% | -27.73% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.45 | 1.66 | 1.46 | 1.41 | 1.32 | 1.29 | 1.47 | 1.66 | 1.31 | 1.26 | 1.35 | 1.47 | |||||
| Quick Ratio | 0.97 | 1.15 | 0.99 | 0.94 | 0.91 | 0.84 | 1.09 | 1.21 | 0.75 | 0.78 | 0.80 | 0.80 | |||||
| Working Capital | 606.99M | 853.45M | 649.69M | 517.17M | 405.23M | 388.15M | 510.95M | 668.41M | 396.79M | 394.10M | 505.25M | 661.39M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 5.33 | 4.12 | 5.89 | 5.73 | 4.73 | 4.44 | 2.86 | 2.24 | 2.72 | 2.17 | 2.31 | 1.86 | |||||
| Interest Coverage TTM | -0.05 | -0.13 | -3.57 | -3.91 | -4.10 | -4.36 | -0.80 | -2.47 | -2.75 | -3.03 | -3.26 | -1.38 | |||||
| Debt Ratio | 0.78 | 0.78 | 0.79 | 0.79 | 0.80 | 0.79 | 0.68 | 0.67 | 0.68 | 0.66 | 0.65 | 0.60 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.15 | 0.14 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.12 | 0.13 | |||||
| Days Sales Outstanding TTM | 23.26 | 26.74 | 33.94 | 31.41 | 29.93 | 30.69 | 33.29 | 34.99 | 33.30 | 31.19 | 31.63 | 32.58 | |||||
| Receivables Turnover TTM | 15.69 | 13.65 | 10.76 | 11.62 | 12.19 | 11.89 | 10.96 | 10.43 | 10.96 | 11.70 | 11.54 | 11.20 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -3.78 | -3.82 | -11.43 | -12.22 | -11.77 | -12.81 | -3.85 | -7.53 | -6.60 | -7.41 | -4.03 | 1.98 | |||||
| Free Cash Flow Per Share TTM | -1.31 | -1.83 | -3.37 | -3.54 | -3.22 | -3.45 | -2.81 | -2.43 | -2.48 | -3.90 | -4.77 | -4.93 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 59.42% | 56.63% | 45.51% | 41.06% | 42.01% | 42.62% | 42.81% | 44.72% | 47.85% | 52.34% | 56.66% | 60.95% | |||||
| Operating Profit Margin TTM | -1.72% | -4.27% | -150.21% | -169.60% | -174.06% | -181.34% | -31.26% | -90.03% | -90.88% | -87.56% | -83.76% | -31.35% | |||||
| Net Profit Margin TTM | -32.42% | -34.13% | -132.00% | -149.93% | -145.67% | -139.67% | -42.30% | -93.12% | -68.22% | -71.00% | -37.27% | 18.12% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 52.36% | 45.11% | 13.79% | 3.27% | -2.08% | -9.83% | -13.46% | -14.84% | -11.90% | -2.65% | 9.54% | 23.88% | |||||
| Net Income Growth (1Y) | -66.09% | -64.55% | 255.11% | 66.28% | 109.07% | 77.39% | -1.79% | -537.73% | -7,091.51% | -1,025.44% | -1.60% | -144.90% | |||||
| EPS Growth (1Y) | -67.27% | -65.72% | 243.91% | 61.42% | 103.04% | 72.94% | -4.58% | -525.02% | -6,921.91% | -1,002.82% | -3.70% | -143.88% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -3.09 | -4.19 | -1.31 | -0.59 | -0.44 | -0.72 | -4.69 | -1.37 | -2.00 | -2.65 | -3.11 | 8.80 | |||||
| P/B TTM | 0.95 | 0.99 | 1.34 | 0.64 | 0.39 | 0.58 | 0.77 | 0.41 | 0.56 | 0.68 | 0.49 | 0.58 | |||||
| P/S TTM | 1.00 | 1.43 | 1.72 | 0.88 | 0.64 | 1.01 | 1.98 | 1.28 | 1.36 | 1.88 | 1.16 | 1.59 | |||||
| Market Cap | 3.18B | 4.23B | 3.99B | 1.87B | 1.33B | 2.06B | 4.04B | 2.64B | 2.90B | 4.25B | 2.73B | 3.86B | |||||
| Enterprise Value | 16.89B | 17.69B | 17.46B | 14.90B | 13.91B | 14.01B | 15.48B | 13.56B | 13.26B | 13.94B | 12.02B | 12.54B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -306.61M | -421.44M | -777.37M | -812.21M | -728.84M | -767.73M | -629.41M | -540.96M | -545.47M | -845.70M | -1.04B | -1.07B | |||||
| Net Debt | 13.71B | 13.46B | 13.47B | 13.03B | 12.59B | 11.95B | 11.44B | 10.92B | 10.36B | 9.68B | 9.29B | 8.68B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Sunrun Inc. (RUN) — SEC Financial Statements & Analysis
Sunrun Inc. (RUN) is a miscellaneous electrical machinery, equipment & supplies company, incorporated in DE. Sunrun Inc. trades on RUN: Nasdaq as: RUN. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Sunrun Inc. reported a 52.36% year-over-year revenue growth, a Gross Profit Margin of 59.42% (TTM), a Debt-to-Equity ratio of 5.33x, a Price-to-Sales (P/S) ratio of 1.00x (TTM), a Price-to-Book (P/B) ratio of 0.95 (TTM), at a market cap of $3.18B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 52.36%
- Gross Profit Margin TTM
- 59.42%
- Debt To Equity
- 5.33x
- P/S TTM
- 1.00x
- P/B TTM
- 0.95
- Market Cap
- $3.18B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Sunrun Inc. in?
Sunrun Inc. (RUN) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry.
What is RUN's market cap?
Sunrun Inc. (RUN) has a market capitalization of $3.18B as of 2026-03-31.
What exchange does RUN trade on?
Sunrun Inc. (RUN) trades on the RUN: Nasdaq.
Where is Sunrun Inc. incorporated?
Sunrun Inc. is incorporated in DE.