RUN
Sunrun Inc
NASDAQ: RUN · TECHNOLOGY · SOLAR
$11.93
-8.02% today
Updated 2026-04-29
Market cap
$2.81B
P/E ratio
6.98
P/S ratio
0.95x
EPS (TTM)
$1.71
Dividend yield
—
52W range
$5 – $22
Volume
10.3M
Sunrun Inc (RUN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.74M | $198.56M | $304.61M | $453.90M | $529.70M | $759.98M | $858.58M | $922.19M | $1.61B | $2.32B | $2.26B | $2.04B | $2.96B |
| Revenue growth (YoY) | — | +262.7% | +53.4% | +49.0% | +16.7% | +43.5% | +13.0% | +7.4% | +74.6% | +44.2% | -2.7% | -9.8% | +45.1% |
| Cost of revenue | $43.09M | $173.70M | $280.54M | $399.24M | $448.08M | $534.92M | $645.83M | $743.53M | $1.37B | $2.02B | $2.10B | $1.71B | $2.16B |
| Gross profit | $11.65M | $24.86M | $24.07M | $54.66M | $81.61M | $225.06M | $212.75M | $178.66M | $244.48M | $298.71M | $163.06M | $328.55M | $792.50M |
| Gross margin | 21.3% | 12.5% | 7.9% | 12.0% | 15.4% | 29.6% | 24.8% | 19.4% | 15.2% | 12.9% | 7.2% | 16.1% | 26.8% |
| R&D | $9.98M | $8.39M | $9.66M | $10.20M | $15.08M | $18.84M | $23.56M | $19.55M | $23.16M | $20.91M | $21.82M | $39.30M | $36.13M |
| SG&A | $33.24M | $68.10M | $84.44M | $92.38M | $107.42M | $116.66M | $125.02M | $266.75M | $264.54M | $194.61M | $221.07M | $245.13M | $278.05M |
| Operating income | $-53.97M | $-132.62M | $-219.20M | $-214.90M | $-182.20M | $-121.88M | $-215.74M | $-465.11M | $-666.19M | $-662.19M | $-1.98B | $-3.70B | $-126.13M |
| Operating margin | -98.6% | -66.8% | -72.0% | -47.3% | -34.4% | -16.0% | -25.1% | -50.4% | -41.4% | -28.5% | -87.6% | -181.3% | -4.3% |
| EBITDA | $-24.14M | $-90.47M | $-151.12M | $-96.64M | $-54.32M | $36.91M | $-37.83M | $-213.98M | $-255.46M | $49.51M | $-1.51B | $-2.91B | $2.05B |
| EBITDA margin | -44.1% | -45.6% | -49.6% | -21.3% | -10.3% | 4.9% | -4.4% | -23.2% | -15.9% | 2.1% | -66.9% | -142.9% | 69.3% |
| EBIT | $-54.33M | $-140.01M | $-222.49M | $-213.04M | $-189.51M | $-127.69M | $-224.99M | $-456.92M | $-643.56M | $-401.54M | $-2.04B | $-3.53B | $1.23B |
| Interest expense | $11.75M | $27.52M | $33.24M | $73.34M | $92.25M | $131.77M | $174.25M | $230.60M | $327.70M | $445.82M | $652.99M | $848.37M | $2.41B |
| Income tax | $-591000.00 | $-10.04M | $-5.30M | $35.99M | $32.14M | $9.32M | $-8.22M | $-60.57M | $9.27M | $2.29M | $-12.69M | $-26.82M | — |
| Effective tax rate | 33.0% | 12.4% | 15.8% | 28.2% | 20.5% | 25.9% | -45.4% | 25.9% | -13.2% | 1.3% | 0.8% | 0.9% | 0.0% |
| Net income | $-1.20M | $-70.85M | $-28.25M | $91.69M | $124.53M | $26.66M | $26.34M | $-173.39M | $-79.42M | $173.38M | $-1.60B | $-2.85B | $449.95M |
| Net income growth (YoY) | — | -5799.4% | +60.1% | +424.6% | +35.8% | -78.6% | -1.2% | -758.4% | +54.2% | +318.3% | -1025.4% | -77.4% | +115.8% |
| Profit margin | -2.2% | -35.7% | -9.3% | 20.2% | 23.5% | 3.5% | 3.1% | -18.8% | -4.9% | 7.5% | -71.0% | -139.7% | 15.2% |