Sunrun Inc. (RUN) Financial Statements
Industry: Construction - Special Trade Contractors
In fiscal 2025, Sunrun reported revenue of $2.96B, up 45.1% from $2.04B the year before. Net income was $449.9M (a 15.2% net margin), or $1.71 per diluted share. Gross margin was -4.3% and operating margin was -4.3%. Operating activities generated -$421.4M of cash. At fiscal year end, Sunrun held $22.61B in total assets against $17.63B in total liabilities.
Open the full interactive Sunrun financials → Quarterly statements, key ratios, valuation history and price charts.
Sunrun Key Stats
| Share Price | $7.79 |
|---|---|
| Market Cap | $2.13B |
| P/E Ratio | 4.6 |
| Revenue YoY Growth | +45.1% |
| 52-Week Range | $7.59 – $21.41 |
| Shares Outstanding | 239.0 million (basic, 2026 Q2) |
Sunrun Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $922.2M | $1.61B | $2.32B | $2.26B | $2.04B | $2.96B |
| Cost of Goods Sold | $1.39B | $2.28B | $2.98B | $4.24B | $5.73B | $3.08B |
| Gross Profit | -$465.1M | -$666.2M | -$662.2M | -$1.98B | -$3.70B | -$126.1M |
| Operating Income | -$465.1M | -$666.2M | -$662.2M | -$1.98B | -$3.70B | -$126.1M |
| Pre-Tax Income | -$687.5M | -$971.3M | -$847.4M | -$2.70B | -$4.38B | -$1.18B |
| Income Tax | -$60.6M | $9.3M | $2.3M | -$12.7M | -$26.8M | -$167.2M |
| Net Income | -$173.4M | -$79.4M | $173.4M | -$1.60B | -$2.85B | $449.9M |
| Diluted EPS | -$1.24 | -$0.39 | $0.80 | -$7.41 | -$12.81 | $1.71 |
Sunrun Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $724.6M | $1.16B | $722.2M | $870.0M |
| Net Income | $16.6M | $103.6M | $167.6M | $115.2M |
| Diluted EPS | $0.06 | $0.39 | $0.62 | $0.42 |
Sunrun Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $1.14B | $1.55B | $2.10B | $1.88B | $1.72B | $2.16B |
| Total Assets | $14.38B | $16.48B | $19.27B | $20.45B | $19.90B | $22.61B |
| Current Liabilities | $901.4M | $1.01B | $1.16B | $1.49B | $1.33B | $1.30B |
| Total Long-Term Debt | $4.80B | $6.50B | $8.40B | $10.67B | $12.90B | $14.70B |
| Total Liabilities | $7.09B | $8.91B | $11.09B | $13.54B | $15.73B | $17.63B |
| Shareholders' Equity | $6.08B | $6.25B | $6.71B | $5.23B | $2.55B | $3.13B |
Sunrun Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$318.0M | -$817.2M | -$848.8M | -$820.7M | -$766.2M | -$421.4M |
| Cash From Investing | -$497.8M | -$1.69B | -$2.09B | -$2.61B | -$2.70B | -$2.50B |
| Cash From Financing | $1.16B | $2.65B | $3.04B | $3.47B | $3.43B | $3.21B |
| Free Cash Flow | -$321.1M | -$825.8M | -$867.0M | -$841.7M | -$767.7M | — |
Figures from Sunrun's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sunrun financials page for every line item.
Sunrun Company Profile
| Ticker | RUN |
|---|---|
| Exchange | Nasdaq |
| Industry | Construction - Special Trade Contractors |
| Headquarters | San Francisco, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001469367 |
Frequently Asked Questions
What was Sunrun's revenue in fiscal 2025?
Sunrun (RUN) reported revenue of $2.96B for fiscal 2025.
What is Sunrun's annual revenue history?
Sunrun's annual revenue by fiscal year: 2020: $922.2M; 2021: $1.61B; 2022: $2.32B; 2023: $2.26B; 2024: $2.04B; 2025: $2.96B.
What was Sunrun's net income in fiscal 2025?
Sunrun reported net income of $449.9M for fiscal 2025.
What was Sunrun's earnings per share (EPS) in fiscal 2025?
Sunrun's diluted EPS was $1.71 for fiscal 2025 (adjusted for any later stock splits).
What was Sunrun's revenue last quarter?
In its most recent reported quarter (2026 Q2), Sunrun reported revenue of $870.0M.
How much debt does Sunrun have?
Sunrun reported $14.70B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sunrun are outstanding?
Sunrun reported a weighted average of 239.0 million basic shares outstanding in 2026 Q2.
What is Sunrun's market cap?
Based on its latest closing price, Sunrun (RUN) has a market capitalization of about $2.13B.
When does Sunrun's fiscal year end?
Sunrun's fiscal year end, as registered with the SEC, is December 31.
Where is Sunrun headquartered?
Sunrun lists its business address in San Francisco, California in its SEC filings.