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Stock research / United States / RUN · Construction - Special Trade Contractors · Nasdaq

Sunrun Inc. (RUN)

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Sunrun Inc. (RUN) reported revenue of $870 million for Q2 FY2026, the quarter ended 30 June 2026, up 52.8% on the same quarter a year earlier. Net income was $115 million, down 58.8% on the year, and diluted earnings per share $0.42. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$870 millionup 52.8%
Net income$115 milliondown 58.8%
Diluted EPS$0.42
QuarterQ2 FY2026ended 30 June 2026

Sunrun (RUN) in brief

Sunrun (RUN) reported revenue of $3.0 billion for fiscal 2025, the year ended 31 December 2025, up 45.1% on the year before.
Read moreNet income was $450 million and diluted earnings per share $1.71. Revenue was $2.0 billion in fiscal 2024, $2.3 billion in fiscal 2023, $2.3 billion in fiscal 2022 and $1.6 billion in fiscal 2021. Net income in the same years was a loss of $2.8 billion, a loss of $1.6 billion, $173 million and a loss of $79 million. Over the twelve months to 30 June 2026, Sunrun reported revenue of $3.5 billion and net income of $403 million. Revenue grew 26.2% a year, compounded, over the five years to fiscal 2025. Sunrun had 240 million shares outstanding at the latest filed count. At 30 June 2026 it carried $15.2 billion of debt and $1.1 billion of cash. At the close of 9 October 2026 the market cap of Sunrun was $1.8 billion, 5.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.5%
ROCE0.5%
Operating margin2.7%
Net margin11.6%
FCF marginn/a
Interest covern/a
Debt to equity4.34
Cash conversion-0.50
Share count, 1 year4.3%
Sales CAGR, 3 years8.4%
Profit CAGR, 3 years37.4%
EPS, TTM$1.48

At the close of 9 October 2026

Price$7.64
Market cap$1.8 billion
Stock P/E5.17
Price to book0.53
EV / EBITDA18.86
Dividend yieldn/a
Market cap / sales0.53
52-week high$21.41
52-week low$7.58
Price, 1 year-62.4%
Price CAGR, 3 years-13.8%
Price CAGR, 5 years-29.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Sunrun Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
RUNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RUN

Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 material agreement; 1 new financial obligation; 1 officer or director change
Planned insider sales55 Form 144 notices in twelve months, $24.2 million; latest 6 October 2026
Options tapeput/call 0.19 by open interest at the 9 October 2026 close; the straddle prices a 7.2% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Citadel Advisors; 10 Schedule 13D or 13G filings in twelve months
Insider trading58 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest70.7 million shares short, 8.90 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue5635174585245375185045697251,159722870
Cost of revenue518483426429434421405450481723502542
Gross profit45.234.032.595.110397.598.8120243435220328
Gross margin8%7%7%18%19%19%20%21%34%38%30%38%
R&D5.07.712.110.28.28.810.08.19.38.810.110.2
Operating income-1,347-198-183-128-128-3,256-115-1123.797.4-43.534.8
Operating margin-239%-38%-40%-24%-24%-628%-23%-20%1%8%-6%4%
Interest expense171n/an/a207216n/an/an/an/an/an/an/a
Pre-tax income-1,441-537-285-271-426-3,400-388-374-280-135-290-212
Net income-1,069-350-87.8139-83.8-2,81450.028016.6104168115
Net margin-190%-68%-19%27%-16%-543%10%49%2%9%23%13%
Diluted EPS-$4.92-$1.60-$0.40$0.55-$0.37n/a$0.20$1.07$0.06$0.38$0.62$0.42
Operating cash flow-63.2-116-143-209-156-258-104-293-12296.910.6-186
Capital expenditure4.74.7n/an/a0.2n/a0.20.81.5n/a0.44.3
Free cash flow-67.9-121n/an/a-156n/a-104-294-123n/a10.2-190
Shares outstanding218m219m221m223m224m226m227m230m232m234m236m240m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1993054775337608599221,6102,3212,2602,0382,9573,476
Cost of revenue1011692392545356467441,3652,0232,0971,7092,0602,249
Gross profit97.8136n/an/a2252131792442991633298971,227
Gross margin49.2%44.6%n/an/a29.6%24.8%19.4%15.2%12.9%7.2%16.1%30.3%35.3%
Research and development8.49.710.215.118.823.619.523.220.921.839.336.138.5
Operating income-133-219-192-181-122-216-465-666-662-1,979-3,695-12692.3
Operating margin-66.8%-72.0%-40.3%-34.0%-16.0%-25.1%-50.4%-41.4%-28.5%-87.6%-181.3%-4.3%2.7%
Pre-tax income-168-254-265-275-251-399-688-971-847-2,696-4,382-1,176-917
Income tax-10.0-5.356.312.49.3-8.2-60.69.32.3-12.7-26.8-16741.4
Net income-70.9-28.275.112526.726.3-173-79.4173-1,604-2,846450403
Net margin-35.7%-9.3%15.7%23.6%3.5%3.1%-18.8%-4.9%7.5%-71.0%-139.7%15.2%11.6%
Diluted EPS-$3.11-$0.96$0.72$1.16$0.23$0.21-$1.24-$0.39$0.80-$7.41-$12.81$1.71$1.48
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-7.9-105-200-96.1-62.5-204-318-817-849-821-766-421-200
Capital expenditure15.313.012.58.05.025.33.18.618.221.01.61.8n/a
Free cash flow-23.2-118-213-104-67.4-230-321-826-867-842-768-423n/a
Free cash flow margin-11.7%-38.8%-44.6%-19.5%-8.9%-26.8%-34.8%-51.3%-37.3%-37.2%-37.7%-14.3%n/a
Cash from investingn/an/a-696-777-811-843-498-1,686-2,086-2,613-2,701-2,500-2,030
Cash from financingn/an/a8998919361,1071,1612,6463,0373,4693,4273,2112,355
Depreciation and amortisation6.411.218.819.520.422.620.023.027.231.944.138.3748
Share-based compensation9.215.818.722.027.926.3171211111112113108105
Buybacksn/an/an/a0.00.05.00.00.0n/an/an/an/an/a
Diluted shares, weighted23m55m105m108m117m124m140m205m219m217m222m264m274m
Shares outstanding at period end24m101m104m107m107m118m201m208m214m219m226m234m240m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity3255546738829499656,0786,2556,7085,2302,5543,1323,490
Non-controlling interest91.81052513593343676517238611,0089861,142902
Redeemable equity136147138124126307560595610676624709816
Debt2395358981,2951,7492,2554,7966,5038,39910,67212,90114,69615,158
Operating lease liabilitiesn/an/an/an/a14.236.185.6n/an/an/an/an/an/a
Finance lease liabilitiesn/an/an/a5.810.012.912.911.317.368.866.136.924.9
Other liabilities1,1441,3971,6131,2981,5681,8642,1992,3962,6732,7962,7662,8942,969
Total liabilities and equity1,9362,7383,5733,9634,7505,80614,38316,48319,26920,45019,89822,61123,359
Owned
Fixed assets22.244.948.536.434.956.762.2n/an/an/an/an/an/a
Goodwill51.887.587.587.587.595.14,2804,2804,2803,1220.00.0n/a
Intangible assets13.122.718.514.310.119.518.312.97.5n/an/an/an/a
Cash and equivalents1522212242423043637088509539889471,2371,136
Receivables43.260.360.360.466.477.795.1146214172171263235
Inventory23.971.367.394.479.5261283507784460402501650
Other assets1,6292,2303,0663,4284,1674,9338,93610,68713,03015,70818,37820,61021,338
Total assets1,9362,7383,5733,9634,7505,80614,38316,48319,26920,45019,89822,61123,359
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded25.5%26.2%8.4%63.2%
Profit growth, compoundedn/an/a37.4%n/a
Return on equity, average-9.8%-25.3%-42.6%14.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Sunrun's revenue in fiscal 2025?

Sunrun (RUN) reported revenue of $3.0 billion for fiscal 2025, the year ended 31 December 2025, up 45.1% on the year before.

How much did Sunrun earn in fiscal 2025?

Net income was $450 million for fiscal 2025, and diluted earnings per share $1.71.

What is Sunrun's P/E ratio?

At the close of 9 October 2026, Sunrun traded at 5.2 times its earnings over the twelve months to 30 June 2026.

What is Sunrun's market cap?

The market cap of Sunrun was $1.8 billion at the close of 9 October 2026.

How much debt does Sunrun have?

At 30 June 2026 Sunrun carried $15.2 billion of debt and $1.1 billion of cash.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
M/I Homes, Inc. MHO$3.2 billion10.759.8%9.3%-5.0%0.17n/a
Green Brick Partners, Inc. GRBK$2.7 billion9.4714.7%n/a-6.2%0.14n/a
KB Home KBH$2.6 billion12.156.0%n/a-20.8%0.552.3%
Sunrun Inc. RUN$1.8 billion5.1711.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.6 billion12.205.2%n/a-8.9%0.44n/a
LGI Homes, Inc. LGIH$1.0 billion15.373.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$856 million6.5510.2%n/a-12.2%1.27n/a
All 31 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$106.0 billion80.8313.8%6.2%26.3%0.560.1%
Comfort Systems USA Inc. FIX$60.4 billion42.2044.6%16.5%46.1%0.020.1%
D.R. Horton, Inc. DHI$37.9 billion12.8312.8%n/a-3.5%0.301.3%
Emcor Group, Inc. EME$34.9 billion24.5635.3%10.4%18.9%0.000.2%
PulteGroup Inc. PHM$21.0 billion11.4514.6%n/a-7.3%0.140.8%
Lennar Corp. LEN$18.2 billion14.496.1%5.4%-8.0%0.270.3%
Mastec Inc. MTZ$17.1 billion33.9014.2%n/a23.5%0.74n/a
Jacobs Solutions Inc. J$16.3 billion49.5210.4%4.6%20.1%1.101.0%
Sterling Infrastructure, Inc. STRL$15.7 billion36.9831.8%17.5%60.8%0.20n/a
NVR Inc. NVR$15.7 billion15.3033.7%n/a-9.9%0.27n/a
Toll Brothers, Inc. TOL$12.3 billion10.6914.0%13.8%-1.1%0.320.7%
Dycom Industries Inc. DY$8.1 billion24.5016.0%7.8%37.8%1.35n/a
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4032.1%
Everus Construction Group, Inc. ECG$6.3 billion24.6432.9%7.8%30.5%0.35n/a
IES Holdings, Inc. IESC$5.9 billion13.2237.1%12.4%22.7%0.00n/a
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Installed Building Products, Inc. IBP$4.9 billion19.9639.2%12.4%0.3%1.661.8%
Granite Construction Inc. GVA$4.9 billionn/a-21.9%6.3%21.8%2.070.5%
Construction Partners, Inc. ROAD$4.9 billion34.0513.7%8.6%41.9%1.68n/a
MYR Group Inc. MYRG$4.9 billion29.5721.9%5.6%16.1%0.01n/a
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
M/I Homes, Inc. MHO$3.2 billion10.759.8%9.3%-5.0%0.17n/a
Green Brick Partners, Inc. GRBK$2.7 billion9.4714.7%n/a-6.2%0.14n/a
KB Home KBH$2.6 billion12.156.0%n/a-20.8%0.552.3%
Sunrun Inc. RUN$1.8 billion5.1711.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.6 billion12.205.2%n/a-8.9%0.44n/a
LGI Homes, Inc. LGIH$1.0 billion15.373.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$856 million6.5510.2%n/a-12.2%1.27n/a
1 company shares its SEC industry code (Construction - Special Trade Contractors); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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