Sunrun Inc. (RUN) — Financial statements
Income statement, balance sheet, and cash flow for Sunrun Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,957↑45.1% | 2,038↓9.8% | 2,260↓2.7% | 2,321↑44.2% | 1,610 | |
| Cost of Revenue | 2,164↑26.6% | 1,709↓18.5% | 2,097↑3.7% | 2,023↑48.1% | 1,365 | |
| Gross Profit | 792↑141.2% | 329↑101.5% | 163↓45.4% | 299↑22.2% | 244 | |
| Operating Expenses | ||||||
| R&D Expenses | 36↓8.1% | 39↑80.2% | 22↑4.3% | 21↓9.7% | 23 | |
| General & Administrative Expenses | 278↑13.4% | 245↑10.9% | 221↑13.6% | 195↓26.4% | 265 | |
| Selling & Marketing Expenses | 709↑14.9% | 617↓16.7% | 741↓0.6% | 745↑19.7% | 623 | |
| SG&A Expenses | 987↑14.5% | 862↓10.4% | 962↑2.3% | 940↑5.9% | 888 | |
| Other Expenses | -105↓103.4% | 3,122↑169.6% | 1,158 | 0.00 | 0.00 | |
| Operating Expenses | 919↓77.2% | 4,024↑87.9% | 2,142↑122.9% | 961↑5.5% | 911 | |
| Total Costs & Expenses | 3,083↓46.2% | 5,733↑35.3% | 4,238↑42.1% | 2,984↑31.1% | 2,276 | |
| Operating Results | ||||||
| Operating Income | -126↑96.6% | -3,695↓86.8% | -1,979↓198.8% | -662↑0.6% | -666 | |
| Depreciation & Amortization | 821↑32.2% | 621↑16.8% | 532↑17.9% | 451↑16.2% | 388 | |
| EBITDA | 2,050↑170.4% | -2,913↓92.8% | -1,511↓3151.6% | 50↑119.4% | -255 | |
| EBIT | 1,229↑134.8% | -3,534↓73.0% | -2,043↓408.7% | -402↑37.6% | -644 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2,406↓183.6% | -848↓29.9% | -653↓46.5% | -446↓36.0% | -328 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 2,406↑183.6% | 848↑29.9% | 653↑46.5% | 446↑36.0% | 328 | |
| Non-Operating Income | -1,355↓739.1% | -162↓352.8% | 64↑124.5% | -261↓1051.9% | -23 | |
| Other Income / Expenses | -1,050↓52.9% | -687↑4.2% | -717↓287.2% | -185↑39.3% | -305 | |
| Income Before Tax | -1,176↑73.2% | -4,382↓62.6% | -2,696↓218.1% | -847↑12.8% | -971 | |
| Income Tax Expense | -167↓523.6% | -27↓111.3% | -13↓654.0% | 2↓75.3% | 9 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -1,009↑76.8% | -4,355↓62.3% | -2,683↓215.8% | -850↑13.3% | -981 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 450↑115.8% | -2,846↓77.4% | -1,604↓1025.4% | 173↑318.3% | -79 | |
| Bottom-Line Net Income | 452↑115.9% | -2,846↓77.4% | -1,604↓1025.4% | 173↑318.3% | -79 | |
| EPS (Basic) | 1.96↑115.3% | -12.81↓72.9% | -7.41↓84.3% | -4.02↑15.9% | -4.78 | |
| EPS (Diluted) | 1.71↑113.3% | -12.81↓72.9% | -7.41↓91.0% | -3.88↑18.8% | -4.78 | |
| Weighted Average Shares | 233↑4.7% | 222↑2.6% | 217↑2.5% | 211↑3.0% | 205 | |
| Weighted Average Diluted Shares | 271↑22.1% | 222↑2.6% | 217↓1.1% | 219↑6.8% | 205 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.