Sunrun Financial Statements
NASDAQ: RUNMiscellaneousIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Sunrun revenue and earnings
In fiscal 2025, Sunrun generated $2.96 billion in revenue, up 45.1% from fiscal 2024. Net income was $449.9 million, for a net margin of 15.2% versus a median of -18.8% in the prior 5 years. Operating margin was -4.3%.
Diluted earnings per share came in at $1.71. Over the last 5 fiscal years, RUN's revenue has grown at a 26.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Sunrun income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.96B | 2.04B | 2.26B | 2.32B | 1.61B | 922.19M | 858.58M | 759.98M | 532.54M | 477.11M |
| Revenue growth (YoY) | +45.11% | -9.83% | -2.65% | +44.19% | +74.58% | +7.41% | +12.97% | +42.71% | +11.62% | +56.63% |
| Cost of Revenue | — | — | — | — | — | — | — | — | 254.13M | 239.38M |
| Gross Profit | — | — | — | — | — | — | — | — | 278.41M | 237.73M |
| Operating Expenses | — | — | — | — | — | — | — | — | 459.54M | 429.80M |
| Research & Development | 36.13M | 39.30M | 21.82M | 20.91M | 23.16M | 19.55M | 23.56M | 18.84M | 15.08M | 10.20M |
| Selling, General & Admin | 987.30M | 862.29M | 961.89M | 940.00M | 887.50M | 619.04M | 400.17M | 323.89M | 253.83M | 261.15M |
| Operating Income | -126.13M | -3.70B | -1.98B | -662.19M | -666.19M | -465.11M | -215.74M | -121.88M | -181.13M | -192.08M |
| Other Income (Expense) | -53.41M | 161.54M | -63.90M | 260.66M | 22.63M | 8.19M | -9.25M | -2.79M | -1.87M | 840.00K |
| Pretax Income | -1.18B | -4.38B | -2.70B | -847.35M | -971.26M | -687.52M | -399.24M | -250.86M | -275.26M | -264.58M |
| Income Tax | -167.22M | -26.82M | -12.69M | 2.29M | 9.27M | -60.57M | -8.22M | 9.32M | 12.35M | 56.26M |
| Net Income | 449.95M | -2.85B | -1.60B | 173.38M | -79.42M | -173.39M | 26.34M | 26.66M | 125.49M | 75.13M |
| Net Income growth (YoY) | — | — | -1025.44% | — | — | -758.42% | -1.21% | -78.76% | +67.03% | — |
| EPS (Basic) | 1.96 | -12.81 | -7.41 | 0.82 | -0.39 | -1.24 | 0.23 | 0.24 | 1.19 | 0.73 |
| EPS (Diluted) | 1.71 | -12.81 | -7.41 | 0.80 | -0.39 | -1.24 | 0.21 | 0.23 | 1.16 | 0.72 |
| Shares Outstanding (Basic) | 229.81M | 222.22M | 216.64M | 211.35M | 205.13M | 139.61M | 116.40M | 110.09M | 105.43M | 102.37M |
| Shares Outstanding (Diluted) | 264.46M | 222.22M | 216.64M | 219.16M | 205.13M | 139.61M | 123.88M | 117.11M | 108.21M | 104.96M |
| EBITDA | -87.83M | -3.65B | -1.95B | -634.99M | -643.19M | -445.11M | -193.14M | -101.48M | -161.63M | -173.28M |
| Gross Margin | — | — | — | — | — | — | — | — | 52.28% | 49.83% |
| Operating Margin | -4.27% | -181.34% | -87.56% | -28.53% | -41.38% | -50.44% | -25.13% | -16.04% | -34.01% | -40.26% |
| Net Margin | 15.22% | -139.67% | -71.00% | 7.47% | -4.93% | -18.80% | 3.07% | 3.51% | 23.56% | 15.75% |
This table shows 10 annual periods of Sunrun's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow RUN's reporting calendar. What is a income statement?