Sunrun Inc.
RUN- Exchange
- Nasdaq
- Industry
- Construction - Special Trade Contractors
- SEC CIK
- 0001469367
In the last 90 days, Sunrun Inc. insiders filed 0 open-market purchases and 6 sales; 404 institutions reported holding it in 13F filings for Q2 2026, worth $3.58B in total; Soros Fund Management is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:16 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net income for FY2025: $449.9M (15.2% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 17, 2022 |
| Revenue | $2.96B | $2.04B | $2.26B | $2.32B | $1.61B |
| Research and development | $36.1M | $39.3M | $21.8M | $20.9M | $23.2M |
| Selling, general and administrative | $278.0M | $245.1M | $221.1M | $189.2M | $259.2M |
| Operating income | -$126.1M | -$3.70B | -$1.98B | -$662.2M | -$666.2M |
| Income tax | -$167.2M | -$26.8M | -$12.7M | $2.29M | $9.27M |
| Net income | $449.9M | -$2.85B | -$1.60B | $173.4M | -$79.4M |
| EPS, basic | $1.96 | $-12.81 | $-7.41 | $0.82 | $-0.39 |
| EPS, diluted | $1.71 | $-12.81 | $-7.41 | $0.80 | $-0.39 |
| Weighted shares, basic | 229.8M | 222.2M | 216.6M | 211.3M | 205.1M |
| Weighted shares, diluted | 264.5M | 222.2M | 216.6M | 219.2M | 205.1M |
| Margins and growth | |||||
| Operating margin | -4.3% | -181.3% | -87.6% | -28.5% | -41.4% |
| Net margin | 15.2% | -139.7% | -71.0% | 7.5% | -4.9% |
| Revenue growth, year over year | +45.1% | −9.8% | −2.7% | +44.2% | +74.6% |
| Net income growth, year over year | – | – | −1,025.4% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024! | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 17, 2022 |
| Cash and equivalents | $823.4M | $575.0M | $678.8M | $740.5M | $617.6M |
| Accounts receivable | $262.6M | $170.7M | $172.0M | $214.3M | $146.0M |
| Inventory | $501.3M | $402.1M | $459.7M | $783.9M | $506.8M |
| Total current assets | $2.16B | $1.72B | $1.88B | $2.10B | $1.55B |
| Goodwill | $0 | $0 | $3.12B | $4.28B | $4.28B |
| Intangible assets | – | – | – | $7.53M | $12.9M |
| Total assets | $22.6B | $19.9B | $20.5B | $19.3B | $16.5B |
| Accounts payable | $271.0M | $354.2M | $230.7M | $339.2M | $288.1M |
| Total current liabilities | $1.30B | $1.33B | $1.49B | $1.16B | $1.01B |
| Long-term debt | $14.7B | $12.9B | $10.7B | $8.40B | $6.50B |
| Total liabilities | $17.6B | $15.7B | $13.5B | $11.1B | $8.91B |
| Shareholders' equity | $4.27B | $3.54B | $6.24B | $7.57B | $6.98B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 17, 2022 |
| Operating cash flow | -$421.4M | -$766.2M | -$820.7M | -$848.8M | -$817.2M |
| Capital expenditures | – | $1.57M | $21.0M | $18.2M | $8.58M |
| Free cash flow | – | -$767.7M | -$841.7M | -$867.0M | -$825.8M |
| Depreciation and amortization | $38.3M | $44.1M | $31.9M | $27.2M | $23.0M |
| Stock-based compensation | $108.0M | $112.8M | $111.8M | $110.6M | $211.0M |
| Share buybacks | – | – | – | – | $0 |
| Investing cash flow | -$2.50B | -$2.70B | -$2.61B | -$2.09B | -$1.69B |
| Financing cash flow | $3.21B | $3.43B | $3.47B | $3.04B | $2.65B |
| Net change in cash | $289.6M | -$40.4M | $34.8M | $102.6M | $142.2M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.7% | 5.5% | 4.9% | 4.8% | 13.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 242.0M | +4.3% | SEC |
| Jul 31, 2026 | 240.8M | +4.4% | SEC |
| May 1, 2026 | 238.5M | +4.4% | SEC |
| Feb 20, 2026 | 234.5M | +3.7% | SEC |
| Nov 3, 2025 | 232.0M | +3.4% | SEC |
| Aug 1, 2025 | 230.7M | +3.2% | SEC |
| May 2, 2025 | 228.5M | +3.1% | SEC |
| Feb 21, 2025 | 226.2M | +3.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.