Friday 6 November 2026 Export RUN’s income statement to Excel — free account

Sunrun Inc.

RUN Technology Solar

Sunrun Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 45.1% from fiscal 2024.

Revenue: +51.8%
EPS: +814.3%
Free cash flow: +134.8%
Total debt: +7.80%

Quarter to September 2026, against a year earlier

10.12 0.25 +2.53%

Follow RUN

Alert me

Market cap: $2.4B
P/E: 4.4×
Fwd P/E: 5.4×
Dividend yield: —
F-score: 5/9
Altman Z: 0.06
Beneish M: −1.90
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Bought, $m 0.15

Sold, $m 21.98

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	7	7	2	10	7	1	3	7	1	—	5	1

Insider Ownership 3.51%

Capital & Financial Ratios $m

Size

Market Cap 2,380.00

Revenue ttm 3,850.55

Net income ttm (593.64)

Free cash flow ttm 222.77

Net debt Q (1,121.33)

Valuation

P/E 4.39

Forward P/E 5.35

Price / sales 0.63

Forward P/S Powerpack

Price / FCF 0.00

Price / book 0.52

Financial health

Current ratio Q 1.52

Debt / equity Q 0.00

Interest coverage Q 0.56

Growth

Revenue growth Q +51.75%

Operating income growth Q +4,103.83%

EPS, this year −1.73%

EPS, next year A −79.70%

Revenue, next year A +4.94%

EPS, past 5 yrs —

EPS, next 5 yrs A −27.72%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.83%

10-year low 10-year high

P/S against its own 10 years 1.87%

10-year low 10-year high

P/B against its own 10 years 17.38%

10-year low 10-year high

EV/Sales against its own 10 years 25.30%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	988	947	1,237	1,121
Receivables	172	171	263	290
Inventory	460	402	501	710
Other	—	—	—	—
	1,882	1,723	2,156	2,305

	2023	2024	2025	Q'26
Payables	231	354	271	420
ST’ Debt	548	232	270	—
Other	8	8	9	—
	1,488	1,334	1,303	1,519

Compound Annual Growth %

	10y	5y	3y
Sales	25.52%	26.24%	8.40%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	37.42%
Book Value	20.55%	(8.67%)	(17.34%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.26 Actual 0.56

−0.18 0.04 0.27 0.50 0.72

Q4 FY25 Beat +0.46

Q1 FY26 Beat +0.67

Q2 FY26 Beat +0.34

Q3 FY26 Beat +0.30

Q4 FY26 — Feb 25

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q4 FY25	−0.08	0.38	Beat by 0.46
Q1 FY26	−0.05	0.62	Beat by 0.67
Q2 FY26	0.08	0.42	Beat by 0.34
Q3 FY26	0.26	0.56	Beat by 0.30
Q4 FY26	0.26	—	Reports 25 February 2027

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.62	0.42	0.56	—	—
’25	0.20	1.07	0.06	0.38	1.71
’24	(0.40)	0.55	(0.37)	(12.51)	(12.81)
’23	(1.12)	0.25	(4.92)	(1.60)	(7.41)
’22	(0.42)	(0.06)	0.96	0.29	0.80
’21	(0.12)	(0.20)	0.11	(0.19)	(0.39)
’20	(0.23)	(0.11)	0.28	(0.88)	(1.24)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	722	870	1,099	—	—
’25	504	569	725	1,159	2,957
’24	458	524	537	518	2,038
’23	590	590	563	517	2,260
’22	496	585	632	609	2,321
’21	335	401	439	435	1,610
’20	211	181	210	320	922

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	11	(186)	301	—	—
’25	(104)	(293)	(122)	97	(421)
’24	(143)	(209)	(156)	(258)	(766)
’23	(439)	(202)	(63)	(116)	(821)
’22	(256)	(198)	(90)	(305)	(849)
’21	(186)	(170)	(180)	(281)	(817)
’20	(117)	(35)	(15)	(151)	(318)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(414)	(620)	301	—	—
’25	(759)	(985)	(865)	(312)	(2,922)
’24	(679)	(817)	(921)	(1,051)	(3,467)
’23	(950)	(902)	(805)	(772)	(3,429)
’22	(684)	(716)	(637)	(823)	(2,860)
’21	(543)	(570)	(621)	(770)	(2,503)
’20	(327)	(189)	(271)	(499)	(1,288)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Sep ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	477	533	760	859	922	1,610	2,321	2,260	2,038	2,957	3,851		+22.5%	3,103	3,208	3,615	+6.9%
	Gross margin, %	17.50	17.27	29.61	24.78	19.37	15.19	12.87	7.22	16.12	30.34	0.00		+12.8 pt	Powerpack Sunrun Inc.’s next three years, line by line Analysts expect revenue to grow 6.9% a year to 2028 — slower than the 22.5% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(265)	(275)	(251)	(399)	(688)	(971)	(847)	(2,696)	(4,382)	(1,176)	(595)		+18.0%
	EBT margin, %	(55.45)	(51.69)	(33.01)	(46.50)	(74.55)	(60.33)	(36.50)	(119.28)	(215.05)	(39.78)	(15.46)		+15.7 pt
	Net income	(321)	(288)	(260)	(391)	(627)	(981)	(850)	(2,683)	(4,355)	(1,009)	(594)		+13.6%
Per share, $
Per share, $	Revenue	4.66	5.05	6.90	7.38	6.61	7.85	10.98	10.43	9.17	12.87	15.98		+11.9%
	Earnings	0.73	1.18	0.24	0.23	(1.24)	(0.39)	0.82	(7.41)	(12.81)	1.96	2.28		+11.6%
	Cash flow	(1.96)	(0.91)	(0.57)	(1.76)	(2.28)	(3.98)	(4.02)	(3.79)	(3.45)	(1.83)	0.92		(0.7%)
	Capex	(6.75)	(7.37)	(7.37)	(7.22)	(6.95)	(8.22)	(9.52)	(12.04)	(12.15)	(10.88)	0.00		+5.5%
	Free cash flow	(8.70)	(8.28)	(7.94)	(8.98)	(9.22)	(12.20)	(13.53)	(15.83)	(15.60)	(12.71)	0.92		+4.3%
	Book value	9.03	11.77	11.65	11.44	48.20	34.02	35.81	28.79	15.93	18.60	19.28		+8.4%
	Shares, m	102	105	110	116	140	205	211	217	222	230	236		+9.4%
Valuation, ×
Valuation, ×	P/E	6.35	5.06	43.56	60.04	0.00	0.00	28.88	0.00	0.00	9.39	4.39		15.3
	P/S	1.20	1.17	1.58	1.87	10.50	4.37	2.13	1.87	1.01	1.43	0.63		2.7
	P/B	0.62	0.50	0.93	1.21	1.44	1.01	0.65	0.68	0.58	0.99	0.52		0.9
	EV/Sales	2.94	3.41	3.94	4.47	15.30	8.08	5.47	6.30	6.91	5.99	4.28		6.3
	EV/FCF	(1.57)	(2.08)	(3.42)	(3.67)	(10.96)	(5.20)	(4.44)	(4.15)	(4.06)	(6.06)	(9.21)		(4.6)
Cash, $m
Cash, $m	Operating cash flow	(200)	(96)	(62)	(204)	(318)	(817)	(849)	(821)	(766)	(421)	223		+8.6%
	Capex	(691)	(777)	(811)	(841)	(970)	(1,686)	(2,011)	(2,608)	(2,701)	(2,500)	(2,011)		+15.4%
	Free cash flow	(891)	(873)	(874)	(1,045)	(1,288)	(2,503)	(2,860)	(3,429)	(3,467)	(2,922)	223		+14.1%
Balance, $m
Balance, $m	Working capital	125	106	89	204	236	536	942	394	388	853	786		+23.8%
	Net debt	831	1,192	1,792	2,233	4,425	5,978	7,753	10,031	12,020	13,490	(1,121)		+36.3%
	Shareholders’ equity	924	1,241	1,283	1,331	6,729	6,978	7,569	6,238	3,540	4,275	4,646		+18.6%
Returns, %
Returns, %	ROA	2.38	3.33	0.61	0.50	(1.72)	(0.51)	0.97	(8.08)	(14.11)	2.12	2.34		(0.3) pt
	ROIC	(6.84)	(4.65)	(2.48)	(3.78)	(2.61)	(3.21)	(2.70)	(7.60)	(14.84)	(0.44)	4.29		+6.4 pt
	ROE	9.49	11.59	2.11	2.01	(4.30)	(1.16)	2.38	(23.24)	(58.22)	11.52	12.61		+2.0 pt
People
People	Employees	3,020	3,260	4,400	4,800	8,500	11,383	12,408	10,833	11,058	9,059	—		+13.0%
	Revenue/emp, $m	0.16	0.16	0.17	0.18	0.11	0.14	0.19	0.21	0.18	0.33	—		+8.4%

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NXT Nextpower Inc.	$15.0B	24.5×	20.2×	+22.54% (above 0%: growing)	+10.10% (above 0%: growing)	−21.25% (below 0%: shrinking)	31.13%	18.71%	Compare
ENPH Enphase Energy, Inc.	$3.8B	42.5×	82.4×	−28.53% (below 0%: shrinking)	−65.31% (below 0%: shrinking)	−293.17% (below 0%: shrinking)	43.34%	2.20%	Compare
RUN Sunrun Inc.	$2.4B	4.4×	5.4×	+51.75% (above 0%: growing)	+814.29% (above 0%: growing)	+134.84% (above 0%: growing)	0.00%	13.96%
SEDG SolarEdge Technologies, Inc.	$1.6B	— (loss-making)	— (loss-making)	−4.15% (below 0%: shrinking)	n/m	−84.40% (below 0%: shrinking)	33.19%	(0.58%)	Compare
SHLS Shoals Technologies Group, Inc.	$1.5B	40.0×	28.7×	+43.82% (above 0%: growing)	+51.57% (above 0%: growing)	+190.08% (above 0%: growing)	31.95%	14.83%	Compare
ARRY Array Technologies, Inc.	$816.2M	— (loss-making)	18.1×	−5.57% (below 0%: shrinking)	−73.68% (below 0%: shrinking)	+205.42% (above 0%: growing)	29.12%	10.16%	Compare
DQ DAQO New Energy Corp.	$803.9M	— (loss-making)	— (loss-making)	−20.62% (below 0%: shrinking)	n/m	+35.96% (above 0%: growing)	(31.20%)	(40.50%)	Compare
JKS Jinko Holdings Limited - Unsponsored ADR	$517.2M	— (loss-making)	— (loss-making)	−27.48% (below 0%: shrinking)	n/m	+78.73% (above 0%: growing)	4.15%	(11.62%)	Compare
TOYO TOYO Co., Ltd.	$211.9M	4.3×	2.4×	—	+666.67% (above 0%: growing)	+139.07% (above 0%: growing)	31.28%	19.08%	Compare
Median of peers	$1.2B	32.2×	20.2×	−5.57%	+10.10%	+57.35%	31.21%	6.18%

All 24 Solar stocks →

Pay and ownership Proxy statement filed 15 April 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	4.74m	—	27.00
2024	5.47m	—	13.00
2023	5.08m	—	28.00
2022	4.47m	—	35.00
2021	4.43m	—	49.00

Ownership

Directors and executive officers, together 3.55%

BlackRock, Inc. 14.86%

The Vanguard Group, Inc.) 9.52%

The Goldman Sachs Group, Inc. 7.37%

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Sunrun Inc. (RUN) Latest News

5 Nov

Impact 3 · 12:13 PM · The Motley Fool transcript

Sunrun (RUN) Q3 2026 Earnings Call Transcript

Impact 3 · 9:56 AM · GuruFocus.com

Sunrun Stock Jumps 21% Despite Guiding to Low End

Impact 3 · 1:14 AM · MarketBeat

What Sunrun (RUN) Said on Its Q3 Earnings Call

4 Nov

Impact 3 · 6:45 PM · Zacks

Sunrun (RUN) Q3 Earnings and Revenues Top Estimates

Impact 3 · 5:04 PM · Associated Press

Sunrun: Q3 Earnings Snapshot

Impact 3 · 4:24 PM · StockStory

Sunrun (NASDAQ:RUN) reports bullish Q3 2026, stock soars

Impact 3 · 4:01 PM · GlobeNewswire

Sunrun Reports Third Quarter 2026 Financial Results

3 Nov

Impact 3 · 8:00 AM · GlobeNewswire

Sunrun Doubles Puerto Rico Distributed Power Plant Participation as Grid Operator Calls on Home Batteries to Help Prevent Outages

29 Oct

Impact 3 · 5:00 PM · Zacks

Sunrun (RUN) Advances While Market Declines: Some Information for Investors

Impact 3 · 9:00 AM · Zacks

Array Technologies, Inc. (ARRY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

28 Oct

Impact 4 · 9:30 AM · 24/7 Wall St.

Enphase Energy Sinks 20% on Weak Q4 Guidance as Residential Solar Slump Deepens; SolarEdge Drops 10%, Sunrun Falls 5%, First Solar Dips

Impact 4 · 9:00 AM · Zacks

Sunrun (RUN) Earnings Expected to Grow: Should You Buy?

27 Oct

Impact 4 · 11:14 AM · Simply Wall St.

Sunrun (RUN) Joins 1 GW Virtual Power Plant Push With Home Battery Capacity

26 Oct

Impact 4 · 11:08 AM · Simply Wall St.

Sunrun (RUN) Drew Fresh Attention, Is It Still A Bargain?

Impact 4 · 10:06 AM · Simply Wall St.

Sunrun (RUN) Stock May Be A Bargain As Revenue Growth Accelerates

23 Oct

Impact 3 · 5:00 PM · Zacks

Sunrun (RUN) Falls More Steeply Than Broader Market: What Investors Need to Know

22 Oct

Impact 4 · 7:21 PM · Simply Wall St.

Cash Burn Concerns Could Reshape The Case For Sunrun Stock (RUN)

21 Oct

Impact 3 · 1:42 PM · StockStory

3 Reasons RUN is Risky and 1 Stock to Buy Instead

20 Oct

Impact 3 · 12:52 PM · 24/7 Wall St.

Solar Stocks Rebound as Selloff Reverses: Sunrun Surges 10%, SolarEdge and Enphase Energy Climb 5%

19 Oct

Impact 4 · 2:09 PM · 24/7 Wall St.

Sunrun Sinks 5% Toward 52-Week Low Ahead of Earnings; Enphase Energy and First Solar Slip

Impact 4 · 10:19 AM · Zacks

Zeo Energy vs. Sunrun: Which Solar Stock Is the Better Buy Now?

Impact 3 · 5:15 PM · Zacks

Sunrun (RUN) Stock Drops Despite Market Gains: Important Facts to Note

14 Oct

Impact 4 · 8:00 AM · GlobeNewswire

Sunrun Leads Record Grid Dispatch Delivering Enough Energy to Power Every Home in San Francisco and San Jose

13 Oct

Impact 3 · 5:15 PM · Zacks

Sunrun (RUN) Increases Despite Market Slip: Here's What You Need to Know

8 Oct

Impact 4 · 2:41 PM · Barchart

Sunrun’s Unusual Options Activity Points to 3 Possible Multimillion-Dollar Bets

Impact 4 · 10:36 AM · TIKR

Goldman Sachs Cut Its Sunrun Target. It Still Sees [44%] Upside

Impact 4 · 7:10 AM · Simply Wall St.

Sunrun (RUN) Could Be 52% Undervalued As Q3 Earnings Date Nears

7 Oct

Impact 4 · 10:35 AM · utilitydive.com

Smart thermostat aggregator rebrands, launches ‘whole-home’ virtual power plant

6 Oct

Impact 3 · 5:00 PM · Zacks

Sunrun (RUN) Exceeds Market Returns: Some Facts to Consider

1 Oct

Impact 3 · 5:15 PM

Sunrun (RUN) Stock Drops Despite Market Gains: Important Facts to Note

Sunrun Inc.

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

Sunrun Inc. vs peers in Solar (Q) = latest quarter vs a year earlier

Pay and ownership Proxy statement filed 15 April 2026

Chief executive’s pay

Ownership

Sunrun Inc. (RUN) Latest News

5 Nov

4 Nov

3 Nov

29 Oct

28 Oct

27 Oct

26 Oct

23 Oct

22 Oct

21 Oct

20 Oct

19 Oct

14 Oct

13 Oct

8 Oct

7 Oct

6 Oct

1 Oct

RUN metrics, ten years each

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

Sunrun Inc. vs peers in Solar (Q) = latest quarter vs a year earlier

Pay and ownership Proxy statement filed 15 April 2026

Chief executive’s pay

Ownership

Sunrun Inc. (RUN) Latest News

5 Nov

4 Nov

3 Nov

29 Oct

28 Oct

27 Oct

26 Oct

23 Oct

22 Oct

21 Oct

20 Oct

19 Oct

14 Oct

13 Oct

8 Oct

7 Oct

6 Oct

1 Oct

RUN metrics, ten years each

Stockrow Weekly