RUN
$7.30-4.45%
Sunrun Inc.Stock · TechnologyRussell 2000 0.10%Nasdaq Composite 0.01%US Stock Market 0.004%Russell 3000 0.004%
RUN financial statements
The full income statement, balance sheet, and cash-flow statement for Sunrun Inc. (RUN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 223.5M2024-09 224.3M2024-12 226.2M2025-03 228.5M2025-06 230.7M2025-09 232.0M2025-12 234.5M2026-03 238.5M2026-06 240.8M+7.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.96B+45.1% | 2.04B-9.8% | 2.26B-2.7% | 2.32B+44.2% | 1.61B+74.6% | |
| Research & development | 36.1M-8.1% | 39.3M+80.2% | 21.8M+4.3% | 20.9M-9.7% | 23.2M+18.5% | |
| Selling, general & administrative | 278M+13.4% | 245M+10.9% | 221M+13.6% | 195M-26.4% | 265M-0.8% | |
| General & administrative | 278M+13.4% | 245M+10.9% | 221M+13.6% | 195M-26.4% | 265M-0.8% | |
| Selling & marketing | 709M+14.9% | 617M-16.7% | 741M-0.6% | 745M+19.7% | 623M+76.8% | |
| Amortization of intangibles | — | — | — | 5.36M-0.1% | 5.37M+3.7% | |
| Provision for credit losses | 24.7M+45.3% | 17.0M-21.7% | 21.7M+27.6% | 17.0M+45.3% | 11.7M+62.5% | |
| Operating income | -126M+96.6% | -3.70B-86.8% | -1.98B-198.8% | -662M+0.6% | -666M-43.2% | |
| Other non-operating income | -53.4M-133.1% | 162M+352.8% | -63.9M-124.5% | 261M+1051.9% | 22.6M+176.4% | |
| Pre-tax income | -1.18B+73.2% | -4.38B-62.6% | -2.70B-218.1% | -847M+12.8% | -971M-41.3% | |
| Income tax | -167M-523.6% | -26.8M-111.3% | -12.7M-654.0% | 2.29M-75.3% | 9.27M+115.3% | |
| 450M+115.8% | -2.85B-77.4% | -1.60B-1025.4% | 173M+318.3% | -79.4M+54.2% | ||
| Net income to non-controlling interest | -1.46B+3.3% | -1.51B-39.9% | -1.08B-5.4% | -1.02B-13.5% | -901M-98.7% | |
| Preferred dividends | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net income to common | — | -2.85B-77.4% | -1.60B-1013.5% | 176M+321.1% | -79.4M+54.2% | |
| $1.71+113.3% | -$12.81-72.9% | -$7.41-1026.3% | $0.80+305.1% | -$0.39+68.5% | ||
| EPS (basic) | $1.96+115.3% | -$12.81-72.9% | -$7.41-1003.7% | $0.82+310.3% | -$0.39+68.5% | |
| Weighted-avg shares (basic) | 230M+3.4% | 222M+2.6% | 217M+2.5% | 211M+3.0% | 205M+46.9% | |
| Weighted-avg shares (diluted) | 264M+19.0% | 222M+2.6% | 217M-1.1% | 219M+6.8% | 205M+46.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.16B+25.2% | 1.72B-8.5% | 1.88B-10.3% | 2.10B+35.5% | 1.55B+36.0% | ||
| Cash & equivalents | 1.24B+30.6% | 947M-4.1% | 988M+3.7% | 953M+12.1% | 850M+20.1% | |
| Accounts receivable | 263M+53.8% | 171M-0.8% | 172M-19.7% | 214M+46.7% | 146M+53.5% | |
| Inventory | 501M+24.7% | 402M-12.5% | 460M-41.4% | 784M+54.7% | 507M+79.1% | |
| Prepaid expenses | 155M-23.4% | 203M-22.9% | 263M+79.3% | 147M+228.9% | 44.6M-13.4% | |
| 22.6B+13.6% | 19.9B-2.7% | 20.5B+6.1% | 19.3B+16.9% | 16.5B+14.6% | ||
| Operating lease right-of-use | 62.8M-18.2% | 76.8M-16.2% | 91.6M-12.5% | 105M+13.0% | 92.7M+13.7% | |
| Goodwill | 0.00 | 0.00-100.0% | 3.12B-27.1% | 4.28B+0.0% | 4.28B-0.0% | |
| Intangible assets | — | — | — | 7.53M-41.6% | 12.9M-29.4% | |
| Other non-current assets | 3.56B+17.8% | 3.02B+33.3% | 2.27B+23.6% | 1.84B+63.0% | 1.13B+65.1% | |
| 1.30B-2.4% | 1.33B-10.3% | 1.49B+28.8% | 1.16B+14.2% | 1.01B+12.3% | ||
| Accounts payable | 271M-23.5% | 354M+53.5% | 231M-32.0% | 339M+17.7% | 288M+38.9% | |
| Deferred revenue | 163M+25.8% | 129M+0.7% | 129M-30.0% | 184M+64.4% | 112M+3.0% | |
| Current lease liability | 25.3M-12.3% | 28.8M-2.7% | 29.6M-5.5% | 31.3M+26.3% | 24.8M+15.5% | |
| Finance lease liability (current) | 24.6M-5.7% | 26.0M+18.1% | 22.1M+92.7% | 11.4M+5.0% | 10.9M-1.2% | |
| 17.6B+12.0% | 15.7B+16.2% | 13.5B+22.1% | 11.1B+24.5% | 8.91B+25.6% | ||
| Long-term debt | 14.7B+13.9% | 12.9B+20.9% | 10.7B+27.1% | 8.40B+29.2% | 6.50B+35.6% | |
| Deferred revenue (non-current) | 1.35B+11.7% | 1.21B+13.3% | 1.07B+17.0% | 912M+19.7% | 762M+10.3% | |
| Operating lease liability (total) | 79.9M-22.3% | 103M-13.1% | 118M-10.4% | 132M+7.8% | 123M | |
| Finance lease liability (total) | 61.5M-33.3% | 92.2M+1.5% | 90.8M+215.9% | 28.7M+29.4% | 22.2M-7.3% | |
| Finance lease liability | 36.9M-44.2% | 66.1M-3.8% | 68.8M+297.4% | 17.3M+52.9% | 11.3M-12.5% | |
| Deferred tax liabilities | 163M+18.3% | 138M+12.3% | 123M-7.6% | 133M+30.8% | 102M+24.2% | |
| Other non-current liabilities | 156M+30.3% | 120M-37.2% | 191M+36.1% | 140M-26.2% | 190M-29.3% | |
| 3.13B+22.6% | 2.55B-51.2% | 5.23B-22.0% | 6.71B+7.2% | 6.25B+2.9% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 23.0K+0.0% | 23.0K+4.5% | 22.0K+4.8% | 21.0K+0.0% | 21.0K+5.0% | |
| Additional paid-in capital | 6.90B+2.3% | 6.75B+2.1% | 6.61B+2.1% | 6.47B+2.2% | 6.33B+3.6% | |
| Retained earnings | -3.83B+10.5% | -4.28B-198.5% | -1.43B-939.4% | 171M+6722.6% | -2.58M-103.4% | |
| Accumulated other comprehensive income | 63.1M-27.3% | 86.8M+58.8% | 54.7M-18.5% | 67.1M+191.9% | -73.0M+31.6% | |
| Non-controlling interest | 1.14B+15.9% | 986M-2.2% | 1.01B+17.0% | 861M+19.1% | 723M+11.0% | |
| Total equity incl. non-controlling | 4.27B+20.8% | 3.54B-43.2% | 6.24B-17.6% | 7.57B+8.5% | 6.98B+3.7% | |
| Total liabilities & equity | 22.6B+13.6% | 19.9B-2.7% | 20.5B+6.1% | 19.3B+16.9% | 16.5B+14.6% | |
| Common shares issued | 234M+3.5% | 226M+2.9% | 219M+2.4% | 214M+2.9% | 208M+3.4% | |
| Common shares outstanding | 234M+3.5% | 226M+2.9% | 219M+2.4% | 214M+2.9% | 208M+3.4% | |
| Shares outstanding (cover) | 234M+3.7% | 226M+3.0% | 220M+2.4% | 214M+2.9% | 208M+2.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -421M+45.0% | -766M+6.7% | -821M+3.3% | -849M-3.9% | -817M-157.0% | ||
| Depreciation & amortization | 726M+16.9% | 621M+16.8% | 532M+17.9% | 451M+16.2% | 388M+59.7% | |
| Intangible amortization | — | — | — | 5.36M-0.1% | 5.37M+3.7% | |
| Share-based compensation | 108M-4.3% | 113M+0.9% | 112M+1.0% | 111M-47.6% | 211M+23.7% | |
| Deferred income taxes | -167M-523.6% | -26.8M-111.3% | -12.7M-654.0% | 2.29M-75.3% | 9.27M+115.7% | |
| Change in receivables | 120M+699.8% | 15.0M+195.1% | -15.7M-118.2% | 86.8M+39.7% | 62.1M+1345.5% | |
| Change in inventory | 99.2M+272.0% | -57.7M+82.2% | -324M-217.0% | 277M+23.8% | 224M+570.6% | |
| Change in payables | -80.1M-145.1% | 177M+263.1% | -109M-368.9% | 40.5M-39.6% | 66.9M+246.4% | |
| -2.50B+7.4% | -2.70B-3.4% | -2.61B-25.3% | -2.09B-23.7% | -1.69B-238.7% | ||
| Capital expenditure | — | 1.57M-92.5% | 21.0M+15.1% | 18.2M+112.3% | 8.58M+177.1% | |
| Free cash flow | — | -768M+8.8% | -842M+2.9% | -867M-5.0% | -826M-157.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00+100.0% | |
| 3.21B-6.3% | 3.43B-1.2% | 3.47B+14.2% | 3.04B+14.8% | 2.65B+127.9% | ||
| Long-term debt issued | 4.11B+2.5% | 4.01B+7.1% | 3.75B | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 290M+816.4% | -40.4M-216.1% | 34.8M-66.1% | 103M-27.9% | 142M-58.8% | |
| Interest paid | 742M+25.4% | 591M+36.5% | 433M+44.3% | 300M+33.2% | 225M+88.3% | |
| Income taxes paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.31B+106.2% | 2.09B-51.1% | 4.28B-16.4% | 5.12B-28.4% | 7.15B-49.1% | |
| P/E | 9.6× | — | — | 71.3× | — | |
| P/S | 1.5×+42.1% | 1.0×-43.5% | 1.8×-23.7% | 2.4×-46.3% | 4.4×-70.9% | |
| P/B | 1.4×+68.1% | 0.8×+7.5% | 0.8×-1.4% | 0.8×-32.3% | 1.1×-50.6% | |
| Earnings yield | 10.4% | — | — | 1.4% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: RUN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RUN filings on SEC EDGAR → Not investment advice.