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RUNSunrun Inc.
$12.97$3.1B
Overview & Verdict
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RUN logoSunrun Inc.(RUN)Earnings, Financials & Key Ratios

RUN•NASDAQ
$12.97
7.6× P/E·Price updated Jul 6, 2026
SectorEnergyIndustrySolarSub-IndustryResidential solar installers and financing
AboutSunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.Show more
  • Revenue$2.96B+45.1%
  • EBITDA$695M+122.6%
  • Net Income$450M+115.8%
  • EPS (Diluted)1.71+113.3%
  • Gross Margin26.8%+66.2%
  • EBITDA Margin23.49%+115.6%
  • Operating Margin-4.27%+97.6%
  • Net Margin15.22%+110.9%
  • ROE9.84%+119.1%

RUN Price & Volume

Sunrun Inc. (RUN) stock price & volume — 10-year historical chart

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Capital Intensive Growth Masks Persistent Liquidity Risks

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Interest rate sensitivity

Key Thesis Takeaways

  • Sunrun's business model remains heavily reliant on external financing to support its residential solar deployment, as evidenced by a debt-to-equity ratio of 3.51 as of 2026Q1.
  • While the company has demonstrated periods of revenue expansion, such as the 123.5% growth in 2025Q4, the persistent disconnect between GAAP net income and operational cash flow suggests significant underlying earnings quality concerns.
  • Investors should remain cautious regarding the company's long-term viability given the structural reliance on capital-intensive project securitizations and the ongoing volatility in gross margins, which fluctuated between 6.6% and 35.3% over the last ten quarters.

Verdict Logic

the company's reliance on external financing is evidenced by a debt-to-equity ratio of 3.51 and a history of deep negative free cash flow, including a $1.1 billion burn in 2024Q4, which suggests significant long-term solvency risks.

RUN Growth Metrics

Sunrun Inc. (RUN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years25.52%
5 Years26.24%
3 Years8.4%
TTM52.36%

Profit CAGR

10 Years-
5 Years-
3 Years37.42%
TTM120.98%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM115.66%

Return on Capital

10 Years-6.47%
5 Years-7.9%
3 Years-10.33%
Last Year-0.61%

RUN Recent Earnings

Sunrun Inc. (RUN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.62+1340.0%
$0.05
Rev
$722M+9.8%
$658M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.38+575.0%
$0.08
Rev
$1.2B+90.9%
$607M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.06+500.0%
$0.01
Rev
$725M+18.7%
$610M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$1.07+694.4%
$0.18
Rev
$569M-5.4%
$602M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.62vs $0.05+1340.0%
$722Mvs $658M+9.8%
Q1 2026Feb 26, 2026
$0.38vs $0.08+575.0%
$1.2Bvs $607M+90.9%
Q4 2025Nov 6, 2025
$0.06vs $0.01+500.0%
$725Mvs $610M+18.7%
Q3 2025Aug 6, 2025
$1.07vs $0.18+694.4%
$569Mvs $602M-5.4%
Based on last 12 quarters of dataView full earnings history →

Latest RUN News

Recent stock market news and headlines for Sunrun Inc. (RUN)

Benzinga·Jun 26, 2026
What's Going On With Sunrun Stock Friday?

Sunrun Inc (NASDAQ:RUN) shares are trading lower by almost 2% during Friday's premarket session as risk appetite softens with S&P 500 futures down 0.7% and traders digest fresh headlines around the company's grid-support ambitions tied to AI data center power demand.

Zacks Investment Research·Jun 25, 2026
Sunrun (RUN) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest trading session, Sunrun (RUN) closed at $13.6, marking a -5.69% move from the previous day.

Benzinga·Jun 25, 2026
Sunrun, Tesla Join Forces On 16GW Virtual Power Plant: A New Catalyst For RUN Stock?

Sunrun Inc (NASDAQ:RUN) shares are trading lower Thursday morning as home batteries and solar-linked grid support get attention following a new partnership tied to powering AI data centers.

Zacks Investment Research·Jun 25, 2026
Sunrun (RUN) Soars 12.6%: Is Further Upside Left in the Stock?

Sunrun (RUN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

The Motley Fool·Jun 24, 2026
Stock Market Today, June 24: Sunrun Jumps After Announcing Deal With Tesla and Renew Home for 16 Gigawatts of Flexible Power

On June 24, 2026, Sunrun's new partnership drew investor focus to virtual power plant economics and future growth potential.

Peers Comparison

Key metrics vs top competitors for Sunrun Inc. (RUN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RUN logoRUNSunrun Inc.Current
$12.97$3.09B7.5845.11%15.22%9.84%—
SPWR logoSPWRSunPower Inc.
$0.60$98.31M-8.972.92%-8.66%——
ARRY logoARRYArray Technologies, Inc.
$7.02$1.08B-9.6240.22%-5.56%-20.64%—
SHLS logoSHLSShoals Technologies Group, Inc.
$10.58$1.78B52.9019.07%6.27%5.67%—
ENPH logoENPHEnphase Energy, Inc.
$44.55$5.87B34.5310.72%9.64%13.28%—
SEDG logoSEDGSolarEdge Technologies, Inc.
$56.91$3.46B-8.2531.39%-28.56%-79.58%—

Compare RUN vs Peers

Sunrun Inc. (RUN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SPWR

Most directly comparable listed peer for RUN.

Scale Benchmark

vs NEE

Larger-name benchmark to compare RUN against a more recognizable public peer.

Peer Set

Compare Top 5

vs SPWR, ARRY, SHLS, ENPH

RUN SEC Filings & Documents

Sunrun Inc. (RUN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Jan 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 6, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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RUN Frequently Asked Questions

Sunrun Inc. (RUN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Sunrun Inc.'s revenue?

Sunrun Inc. (RUN) reported $3.17B in revenue for fiscal year 2025. This represents a 5700% increase from $54.7M in 2013.

How fast is Sunrun Inc. growing?

Sunrun Inc. (RUN) grew revenue by 45.1% over the past year. This is strong growth.

Is RUN profitable?

Yes, Sunrun Inc. (RUN) is profitable, generating $568.2M in net income for fiscal year 2025 (15.2% net margin).

Dividend & Returns
What is RUN's return on equity?

Sunrun Inc. (RUN) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

What is Sunrun Inc.'s free cash flow?

Sunrun Inc. (RUN) had negative free cash flow of $750.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in RUN back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →