Sunrun Inc. (RUN)
Sunrun Inc. is a company operating in the United States that specializes in providing comprehensive residential solar energy solutions. Their services encompass the entire lifecycle of a solar system, from initial design and development through installation, sales, ongoing ownership, and maintenance. In addition to complete solar energy systems, Sunrun also offers individual components like solar panels and racking equipment. They further enhance their offerings by integrating battery storage capabilities with their solar installations. Residential homeowners are the primary clientele for Sunrun. The company utilizes a direct-to-consumer sales approach, employing a broad spectrum of marketing and sales channels, including online platforms, retail partnerships, mass and digital media advertising, door-to-door canvassing, field marketing, and referral programs. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.
Sector: Construction - Special Trade Contractors
Industry: Solar
Sunrun Inc.
NASDAQ:RUNTechnology · Solar
+1.11%$9.98
CLOSED · Nov 6Prev close$9.87+1.11%Close$9.98+0.03%AH close$9.98
AH$9.98+0.03%vs close
Mkt Cap$2.41B
Float232.27M
O/S241.96M
VOL16.59M sh
$ Vol$166.91M
RVOL1.38×
Inst Own-
Dilution
Financials Summary
Revenue$2.96B
Net Income$449.95M
Total Assets$24.18B
Free Cash Flow-$423.22M
Debt & Equity
Debt 83%
Equity 17%
Total Debt$14.89B
Total Equity$3.13B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RUN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$24.18B
Liabilities$19.19B
Accounts Receivable$262.63M
Accounts Payable$271.02M
Inventory$501.29M
PP&E (Net)$16.96B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $2.96B | $2.04B | $2.26B | $2.32B | $1.61B | $922.19M | $858.58M | $759.98M | $529.7M | $453.9M | $304.61M | $198.56M | $54.74M |
| YoY Growth | 45.1% | -9.8% | -2.7% | 44.2% | 74.6% | 7.4% | 13.0% | 43.5% | 16.7% | 49.0% | 53.4% | 262.7% | - |
| Cost of Revenue | $2.16B | $1.71B | $2.1B | $2.02B | $1.37B | $743.53M | $645.83M | $534.92M | $448.08M | $399.24M | $280.54M | $173.7M | $43.09M |
| Gross Profit | $792.5M | $328.55M | $163.06M | $298.71M | $244.48M | $178.66M | $212.75M | $225.06M | $81.61M | $54.66M | $24.07M | $24.86M | $11.65M |
| Gross Margin | 26.8% | 16.1% | 7.2% | 12.9% | 15.2% | 19.4% | 24.8% | 29.6% | 15.4% | 12.0% | 7.9% | 12.5% | 21.3% |
| Research and Development | $36.13M | $39.3M | $21.82M | $20.91M | $23.16M | $19.55M | $23.56M | $18.84M | $15.08M | $10.2M | $9.66M | $8.39M | $9.98M |
| Selling, General, and Administrative | $987.3M | $862.29M | $961.89M | $940M | $887.5M | $619.04M | $400.17M | $323.89M | $244.53M | $255.16M | $229.92M | $146.82M | $55.64M |
| Other | -$104.8M | $3.12B | $1.16B | $0 | $0 | $5.18M | $4.75M | $2.79M | -$1.87M | $840K | -$1.34M | -$3.04M | -$365K |
| Total Operating Expenses | $918.63M | $4.02B | $2.14B | $960.9M | $910.67M | $643.77M | $428.49M | $346.94M | $263.82M | $269.56M | $243.27M | $157.48M | $65.62M |
| Operating Income (EBIT) | -$126.13M | -$3.7B | -$1.98B | -$662.19M | -$666.19M | -$465.11M | -$215.74M | -$121.88M | -$182.2M | -$214.9M | -$219.2M | -$132.62M | -$53.97M |
| Operating Margin | -4.3% | -181.3% | -87.6% | -28.5% | -41.4% | -50.4% | -25.1% | -16.0% | -34.4% | -47.3% | -72.0% | -66.8% | -98.6% |
| Interest Expense | $2.41B | $848.37M | $652.99M | $445.82M | $327.7M | $230.6M | $174.25M | $131.77M | $92.25M | $73.34M | $33.24M | $27.52M | $11.75M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.05B | -$686.83M | -$716.89M | -$185.16M | -$305.07M | -$222.41M | -$183.5M | -$128.98M | -$94.13M | -$52.4M | -$35.01M | -$34.91M | -$12.12M |
| Income Before Tax (EBT) | -$1.18B | -$4.38B | -$2.7B | -$847.35M | -$971.26M | -$687.52M | -$399.24M | -$250.86M | -$254.6M | -$267.31M | -$254.21M | -$167.53M | -$66.09M |
| Income Tax Expense | -$167.22M | -$26.82M | -$12.69M | $2.29M | $9.27M | -$60.57M | -$8.22M | $9.32M | $32.14M | $35.99M | -$5.3M | -$10.04M | -$591K |
| Net Income | $449.95M | -$2.85B | -$1.6B | $173.38M | -$79.42M | -$173.39M | $26.34M | $26.66M | $124.53M | $91.69M | -$28.25M | -$70.85M | -$1.2M |
| Net Income Margin | 15.2% | -139.7% | -71.0% | 7.5% | -4.9% | -18.8% | 3.1% | 3.5% | 23.5% | 20.2% | -9.3% | -35.7% | -2.2% |
| Supplementary Data | |||||||||||||
| EPS | 1.96 | -12.81 | -7.41 | 0.82 | -4.78 | -4.49 | 0.23 | 0.23 | 1.18 | 0.73 | -0.51 | -0.89 | -0.02 |
| Diluted EPS | 1.71 | -12.81 | -7.41 | 0.79 | -4.78 | -4.49 | 0.21 | 0.23 | 1.15 | 0.72 | -0.51 | -0.89 | -0.02 |
| Weighted Average OS | 232.60M | 222.22M | 216.64M | 211.35M | 205.13M | 139.61M | 116.40M | 115.90M | 105.43M | 102.37M | 55.09M | 79.27M | 79.27M |
| EBITDA | $1.95B | -$2.91B | -$1.51B | $49.51M | -$255.46M | -$213.98M | -$37.83M | $36.91M | -$54.32M | -$92.74M | -$151.12M | -$90.47M | -$24.14M |
| EBITDA Margin | 66.1% | -142.9% | -66.9% | 2.1% | -15.9% | -23.2% | -4.4% | 4.9% | -10.3% | -20.4% | -49.6% | -45.6% | -44.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $1.24B | $574.96M | $678.82M | $740.51M | $617.63M | $519.97M | $269.58M | $226.63M | $202.53M | $206.36M | $203.86M | $152.15M | $99.7M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.24B | $574.96M | $678.82M | $740.51M | $617.63M | $519.97M | $269.58M | $226.63M | $202.53M | $206.36M | $203.86M | $152.15M | $99.7M |
| Accounts Receivable | $262.63M | $170.71M | $172M | $214.25M | $146.04M | $95.14M | $77.73M | $69.13M | $57.6M | $64.58M | $44.53M | $46.7M | $19.39M |
| Inventory | $501.29M | $402.08M | $459.75M | $783.9M | $506.82M | $283.05M | $260.57M | $79.47M | $94.43M | $67.33M | $71.26M | $23.91M | $7.96M |
| Other Current Assets | $155.22M | $574.89M | $571.69M | $358.98M | $232.65M | $188.09M | $93.5M | $77.63M | $53.11M | $39.73M | $34.93M | $32.13M | $24.02M |
| Total Current Assets | $2.16B | $1.72B | $1.88B | $2.1B | $1.55B | $1.14B | $733.83M | $461.41M | $432.7M | $369.35M | $360.49M | $239.58M | $127.99M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $16.96B | $15.23B | $13.27B | $11.06B | $9.61B | $8.35B | $4.58B | $3.85B | $3.36B | $2.68B | $2.04B | $1.51B | $1.09B |
| Goodwill | $0 | $0 | $3.12B | $4.28B | $4.28B | $4.28B | $95.09M | $87.54M | $87.54M | $87.54M | $87.54M | $51.79M | $0 |
| Intangible Assets | $0 | $0 | $0 | $7.53M | $12.89M | $18.26M | $19.54M | $10.09M | $14.29M | $18.5M | $22.7M | $13.11M | $0 |
| Long-Term Investments | $1.17B | $81.3M | $132.56M | $186.2M | $63.83M | $65.36M | $0 | $81.85M | $51.71M | $6.12M | $8.09M | $0 | $0 |
| Deferred Tax Assets | $1.57B | $0 | $0 | $959.58M | $0 | $0 | $0 | $341.53M | $235.71M | $284.99M | -$8.09M | $0 | $0 |
| Other Long-Term Assets | $2.33B | $2.86B | $2.04B | $681.89M | $969.36M | $534.94M | $373.87M | -$87.55M | -$250.19M | $128.49M | $230.52M | $124.71M | $108.89M |
| Total Long-Term Assets | $22.02B | $18.18B | $18.57B | $17.17B | $14.94B | $13.25B | $5.07B | $4.29B | $3.5B | $3.2B | $2.38B | $1.7B | $1.2B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $24.18B | $19.9B | $20.45B | $19.27B | $16.48B | $14.38B | $5.81B | $4.75B | $3.93B | $3.57B | $2.74B | $1.94B | $1.33B |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $271.02M | $354.21M | $230.72M | $339.17M | $288.11M | $207.44M | $223.36M | $131.28M | $115.19M | $66.02M | $104.13M | $51.17M | $18.09M |
| Short-Term Debt | $319.32M | $231.66M | $547.87M | $157.81M | $190.19M | $195.04M | $35.35M | $35.48M | $21.53M | $29.99M | $4.72M | $2.6M | $26.21M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.87M | $2.7M | $0 | $0 | $0 |
| Current Unearned Revenue | $171.52M | $137.34M | $136.8M | $191.97M | $120.04M | $116.7M | $85.74M | $55.29M | $85.58M | $78.86M | $73.67M | $58.15M | $38.28M |
| Other Current Liabilities | $366.62M | $104.75M | $93.41M | $305.59M | $100.36M | $91.11M | $38.75M | $39.74M | $119.24M | $28.22M | $35.94M | $19.62M | $23.77M |
| Total Current Liabilities | $1.3B | $1.33B | $1.49B | $1.16B | $1.01B | $901.36M | $530.09M | $372.19M | $335.03M | $244.78M | $253.17M | $150.88M | $124.16M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $14.48B | $12.67B | $10.12B | $8.24B | $6.31B | $4.6B | $2.22B | $1.71B | $1.28B | $883.87M | $530.04M | $236.65M | $141.55M |
| Long-Term Unearned Revenue | $1.55B | $1.41B | $1.26B | $1.11B | $968.49M | $904.09M | $870.42M | $765.96M | $813.03M | $810.29M | $779.85M | $694.53M | $555.17M |
| Long-Term Deferred Tax Liabilities | $1.73B | $137.94M | $122.87M | $133.05M | $101.75M | $81.91M | $65.96M | $93.63M | $59.13M | $415.4M | $190.15M | $112.6M | $104.29M |
| Other Long-Term Liabilities | $46.94M | $119.85M | $190.87M | $140.29M | $190.06M | $268.68M | $141.4M | $34.03M | $867.02M | $5.46M | $7.14M | $5.47M | $2.68M |
| Total Long-Term Liabilities | $17.89B | $14.4B | $12.05B | $9.93B | $7.9B | $6.19B | $3.64B | $2.97B | $2.3B | $2.27B | $1.68B | $1.23B | $868.83M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $19.19B | $15.73B | $13.54B | $11.09B | $8.91B | $7.09B | $4.17B | $3.34B | $2.64B | $2.51B | $1.93B | $1.38B | $992.99M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $124K | $113K | $0 | $0 | $5K | $4K |
| Common Stock | $23K | $23K | $22K | $21K | $21K | $20K | $12K | $11K | $11K | $10K | $10K | $2K | $1K |
| Retained Earnings | -$3.83B | -$4.28B | -$1.43B | $170.8M | -$2.58M | $76.84M | $251.47M | $229.39M | $131.96M | $4.44M | -$87.25M | -$59M | $11.85M |
| Comprehensive Income & Other | $63.1M | $86.81M | $54.68M | $67.11M | -$73.05M | -$106.75M | -$52.75M | -$3.12M | -$4.11M | $437K | -$921K | -$153.62M | -$92.66M |
| Other Stockholders' Equity | $6.96B | $6.83B | $6.66B | $6.54B | $6.26B | $6B | $713.25M | $719.3M | $680.03M | $668.51M | $641.31M | $383.87M | $153.13M |
| Total Equity | $3.13B | $2.55B | $5.23B | $6.71B | $6.25B | $6.08B | $964.73M | $948.71M | $812M | $672.96M | $554.07M | $324.86M | $164.98M |
| Minority Interest | $1.85B | $1.61B | $1.68B | $1.47B | $1.32B | $1.21B | $673.27M | $460.38M | $477.81M | $389.13M | $252.63M | $227.7M | $167.39M |
| Total Liabilities and Equity | $22.33B | $18.29B | $18.77B | $17.8B | $15.17B | $13.17B | $5.13B | $4.29B | $3.45B | $3.18B | $2.49B | $1.71B | $1.16B |
| Supplementary Data | |||||||||||||
| Total Debt | $14.89B | $13.02B | $11.09B | $8.76B | $6.87B | $5.18B | $2.63B | $2.15B | $1.45B | $1.06B | $719.21M | $431.99M | $245.03M |
| Net Debt | $13.65B | $12.45B | $10.41B | $8.02B | $6.25B | $4.66B | $2.36B | $1.93B | $1.25B | $858.42M | $515.35M | $279.84M | $145.33M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$1.01B | -$4.36B | -$1.6B | $173.38M | -$79.42M | -$626.95M | -$391.02M | -$260.19M | -$286.73M | -$303.3M | -$248.91M | -$157.49M | -$65.5M |
| Depreciation & Amortization | $725.58M | $620.88M | $531.67M | $451.05M | $388.1M | $242.94M | $187.16M | $156.01M | $128.69M | $98.49M | $71.37M | $49.54M | $30.19M |
| Deferred Income Tax | -$167.22M | -$26.82M | -$12.72M | $2.29M | $9.61M | -$60.57M | -$8.22M | $9.32M | $32.14M | $35.99M | -$5.3M | $5.26M | -$591K |
| Stock-Based Compensation | $107.95M | $112.83M | $0 | $0 | $0 | $170.59M | $26.31M | $27.86M | $22.04M | $18.72M | $15.82M | $9.22M | $2.65M |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$119.77M | -$14.97M | $15.75M | -$86.76M | -$62.12M | $4.99M | -$14.86M | -$5.71M | -$17.87M | $674K | -$15.52M | -$14.48M | -$954K |
| Inventory | -$99.2M | $57.66M | $324.16M | -$277.08M | -$223.77M | $47.55M | -$181.1M | $14.96M | -$27.1M | $4.04M | -$47.34M | -$3.79M | $558K |
| Accounts Payable | -$80.06M | $177.45M | -$108.78M | $40.46M | $66.93M | -$45.72M | $67.36M | $8.85M | $47.84M | -$40.34M | $50.95M | $11.36M | $1.35M |
| Other Working Capital | -$142.7M | -$538.65M | -$426.4M | -$87.39M | -$266.12M | -$85.82M | $98.87M | -$33.24M | $7.88M | $17.31M | $65.97M | $87.29M | $57.07M |
| Total Working Capital Change | -$441.72M | -$318.51M | -$195.28M | -$410.78M | -$485.08M | -$79M | -$29.74M | -$15.14M | $10.74M | -$18.31M | $54.05M | $80.38M | $58.03M |
| Other Non-Cash Items | $363.08M | $3.2B | $460.08M | -$1.06B | -$650.38M | $35.02M | $11.02M | $19.68M | $32.11M | $17.82M | $7.69M | $5.16M | -$1.41M |
| Net Cash from Operating | -$421.44M | -$766.15M | -$820.74M | -$848.79M | -$817.19M | -$317.97M | -$204.49M | -$62.46M | -$61.01M | -$150.58M | -$105.27M | -$7.93M | $23.37M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$1.78M | -$2.7B | -$2.61B | -$2.01B | -$1.69B | -$969.67M | -$840.53M | -$811.32M | -$812.33M | -$740.11M | -$607.91M | -$427.58M | -$325.75M |
| Acquisitions | $0 | $0 | $1.53B | $1.37B | $1.2B | $471.89M | -$2.72M | $345.15M | $559.53M | -$5M | -$19.57M | -$36.38M | $0 |
| Purchases of Investments | $0 | $0 | -$5M | -$75M | $0 | -$65.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $1.1B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$2.5B | $0 | $0 | $0 | $0 | -$1.03B | $0 | -$833.53M | -$836.87M | -$727.57M | -$594.89M | $0 | $0 |
| Net Cash from Investing | -$2.5B | -$2.7B | -$1.09B | -$713.84M | -$489.41M | -$497.79M | -$843.25M | -$811.32M | -$812.33M | -$745.11M | -$627.49M | -$463.97M | -$325.75M |
| Financing Activities | |||||||||||||
| Debt Repaid | -$1.46B | -$1.9B | -$2.14B | -$1.85B | -$1.61B | -$350.16M | -$498.67M | -$671.01M | -$385.43M | -$362.88M | -$330.74M | -$245.67M | -$212.56M |
| Common Stock Issuance | $16.8M | $18.88M | $22.61M | $32.86M | $36.14M | $75M | $0 | $12.59M | $1.03M | $0 | $222.08M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$5M | $0 | $0 | -$437K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$24.89M | $0 | $0 |
| Other Financing Activities | $1.73B | $1.51B | -$221.08M | -$217.63M | -$196.47M | $744.41M | $620.42M | $265.38M | -$54.11M | -$38.23M | $256.54M | $135.28M | $99.74M |
| Net Cash from Financing | $3.21B | $3.43B | $1.94B | $1.67B | $1.45B | $1.16B | $1.11B | $936.39M | $869.5M | $898.19M | $784.47M | $524.35M | $312.29M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $289.57M | -$40.42M | $34.81M | $102.59M | $142.22M | $344.98M | $58.83M | $62.61M | -$3.84M | $2.5M | $51.71M | $52.45M | $9.91M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$421.44M | -$766.15M | -$820.74M | -$848.79M | -$817.19M | -$317.97M | -$204.49M | -$62.46M | -$61.01M | -$150.58M | -$105.27M | -$7.93M | $23.37M |
| Capital Expenditure | -$1.78M | -$2.7B | -$2.61B | -$2.01B | -$1.69B | -$969.67M | -$840.53M | -$811.32M | -$812.33M | -$740.11M | -$607.91M | -$427.58M | -$325.75M |
| Free Cash Flow | -$423.22M | -$3.47B | -$3.43B | -$2.86B | -$2.5B | -$1.29B | -$1.05B | -$873.78M | -$873.34M | -$890.69M | -$713.18M | -$435.51M | -$302.38M |
| Cash at Beginning | $947.42M | $987.84M | $952.88M | $850.28M | $708.06M | $363.23M | $304.4M | $241.79M | $206.36M | $203.86M | $152.15M | $99.7M | $89.78M |
| Cash at End | $1.24B | $947.42M | $987.69M | $952.88M | $850.28M | $708.21M | $363.23M | $304.4M | $202.53M | $206.36M | $203.86M | $152.15M | $99.7M |