Sunrun Inc. (RUN) Form 8-K — Nov 4, 2026
Sunrun reported Q3 2026 revenue of $1,099.5 million, up 52% year-over-year, with net income attributable to common stockholders of $153.2 million ($0.56 diluted EPS) versus a $277.8 million net loss in the prior-year quarter. Operations showed mixed signals: the direct business returned to growth with installations up 9% year-over-year and a record 75% storage attachment rate, but subscriber additions fell 24% to 22,957 and Net Subscriber Value declined 28% to $9,462. The company cut full-year 2026 guidance, now expecting Cash Generation of approximately $200 million (down from $200-375 million) and Aggregate Subscriber Value of approximately $4.6 billion (down from $4.6-4.9 billion).
Key figures
- Eps
- 0.56
- Revenue
- 1099500000
- Guidance
- Full-year 2026 Cash Generation of approximately $200 million (excluding safe harbor investments), down from prior guidance of $200-375 million; Aggregate Subscriber Value of approximately $4.6 billion, down from prior $4.6-4.9 billion
- Net Income
- 153200000
- Revenue Yoy
- 52%
- Total Assets
- 23970000000
- Subscribers
- 1057695
- Cash generation q3
- $6 million ($56 million excluding $50 million safe harbor investments)
- Net subscriber value
- $9,462 (down 28% YoY)
- Subscriber additions
- 22957
- Subscriber growth yoy
- 9%
- Operating cash flow q3
- $301 million
- Storage attachment rate
- 75% (record, vs 70% prior year)
- Subscriber additions yoy
- -24%
- Total operating expenses
- $946 million (up 31% YoY)
- Aggregate subscriber value
- $1.3 billion (down 20% YoY)
- Networked storage capacity
- 5.0 GWh
AI analysis
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