Sunrun (RUN) FY2024 results: revenue $2.0 billion, down 9.8% on the year
Sunrun Inc. (RUN) reported revenue of $2.0 billion for fiscal 2024, the year ended 31 December 2024, down 9.8% on the year before. Net income was -$2.8 billion, and diluted earnings per share $-12.81. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$2.0 billion
-9.8% on the year
FY2017FY2024
Operating margin
-181.3%
-87.6% a year earlier
FY2017FY2024
Net income
-$2.8 billion
FY2017FY2024
Diluted EPS
-$12.81
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-766
-821
-849
Capital expenditure
1.6
21.0
18.2
-92.5%
Free cash flow
-768
-842
-867
Free cash flow margin
-37.7%
-37.2%
-37.3%
Cash from investing
-2,701
-2,613
-2,086
Cash from financing
3,427
3,469
3,037
-1.2%
Depreciation and amortisation
44.1
31.9
27.2
+38.2%
Share-based compensation
113
112
111
+0.9%
Diluted shares, weighted
222m
217m
219m
+2.6%
Shares outstanding at period end
226m
219m
214m
+2.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,554
5,230
6,708
-51.2%
Non-controlling interest
986
1,008
861
-2.2%
Redeemable equity
624
676
610
-7.7%
Debt
12,901
10,672
8,399
+20.9%
Finance lease liabilities
66.1
68.8
17.3
-3.8%
Other liabilities
2,766
2,796
2,673
-1.1%
Total liabilities and equity
19,898
20,450
19,269
-2.7%
Goodwill
0.0
3,122
4,280
Intangible assets
n/a
n/a
7.5
Cash and equivalents
947
988
953
-4.1%
Receivables
171
172
214
-0.8%
Inventory
402
460
784
-12.5%
Other assets
18,378
15,708
13,030
+17.0%
Total assets
19,898
20,450
19,269
-2.7%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.