Sunrun financials
$7.72+0.65%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $2.04B | $2.26B | $2.32B | $1.61B | $922.2M | $858.6M | $760.0M | $532.5M | $477.1M |
| Gross profit | $897.3M | $328.6M | $163.1M | $298.7M | $244.5M | $178.7M | $212.7M | $225.1M | $92.0M | $83.5M |
| Gross margin | 30.3% | 16.1% | 7.2% | 12.9% | 15.2% | 19.4% | 24.8% | 29.6% | 17.3% | 17.5% |
| Operating income | -$126.1M | -$3.70B | -$1.98B | -$662.2M | -$666.2M | -$465.1M | -$215.7M | -$121.9M | -$181.1M | -$192.1M |
| Net income | $449.9M | -$2.85B | -$1.60B | $173.4M | -$79.4M | -$173.4M | $26.3M | $26.7M | $125.5M | $75.1M |
| Net margin | 15.2% | −139.7% | −71.0% | 7.5% | −4.9% | −18.8% | 3.1% | 3.5% | 23.6% | 15.7% |
| Diluted EPS | $1.71 | $-12.81 | $-7.41 | $0.80 | $-0.39 | $-1.24 | $0.21 | $0.23 | $1.16 | $0.72 |
| EBITDA | $599.4M | $47.8M | -$289.0M | -$211.1M | -$278.1M | -$222.2M | -$28.6M | $34.1M | -$52.4M | -$93.6M |
| Operating cash flow | -$421.4M | -$766.2M | -$820.7M | -$848.8M | -$817.2M | -$318.0M | -$204.5M | -$62.5M | -$96.1M | -$200.1M |
| Free cash flow | -$2.92B | -$3.47B | -$3.43B | -$2.86B | -$2.50B | -$1.29B | -$1.05B | -$873.8M | -$873.4M | -$890.9M |
| Diluted shares | 264.5M | 222.2M | 216.6M | 219.2M | 205.1M | 139.6M | 123.9M | 117.1M | 108.2M | 105.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $823.4M | $575.0M | $678.8M | $740.5M | $617.6M | $520.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $14.75B | $12.99B | $10.42B | $8.72B | $6.88B | $5.19B |
| Total assets | $22.61B | $19.90B | $20.45B | $19.27B | $16.48B | $14.38B |
| Total liabilities | $17.63B | $15.73B | $13.54B | $11.09B | $8.91B | $7.09B |
| Shareholders' equity | $4.27B | $3.54B | $6.24B | $7.57B | $6.98B | $6.73B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology