Sunrun Inc. (RUN) Stock Analysis
Technology · Solar · NasdaqGS
Sunrun Inc. (RUN) posted $2.96B in revenue for fiscal 2025 (up 45.1% year over year), at a 15.2% net margin, and has compounded revenue about 26.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Sunrun Inc.
Sunrun Inc. has grown revenue from $477.11M to $2.96B over the last 10 fiscal years, compounding about 26.2% a year. The most recent year was up 45.1%, so growth is actually accelerating.
Net margin sits at 15.2%, up 154.9 points year over year. It carries about $14.70B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Sunrun Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Sunrun Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $477.11M | $532.54M | $759.98M | $858.58M | $922.19M | $1.61B | $2.32B | $2.26B | $2.04B | $2.96B |
| Gross profit | $237.73M | $278.41M | — | — | — | — | — | — | — | — |
| Net income | $75.13M | $125.49M | $26.66M | $26.34M | $-173.39M | $-79.42M | $173.38M | $-1.60B | $-2.85B | $449.95M |
| Net margin | 15.7% | 23.6% | 3.5% | 3.1% | -18.8% | -4.9% | 7.5% | -71.0% | -139.7% | 15.2% |
Source: Sunrun Inc. SEC filings (10-K). 13 years of history available in the interactive view.
Sunrun Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 12.2% over 4 years (208.2M → 233.6M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $14695.6M of debt while last year's operating cash flow was negative ($-421.4M).
Explore 13 years of Sunrun Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Sunrun Inc. financial history by metric
Compare Sunrun Inc. with peers
About Sunrun Inc.
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. The company sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. It offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes. 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. It also operates distributed electricity power plants. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.
Sunrun Inc. — frequently asked questions
What is Sunrun Inc.'s revenue?
Sunrun Inc. (RUN) reported revenue of $2.96B for fiscal year 2025, up 45.1% from the prior year, according to its SEC filings.
Is Sunrun Inc. profitable?
Yes. RUN earned net income of $449.95M in fiscal 2025, a net margin of 15.2%.
What is RUN's P/E ratio?
Sunrun Inc. trades at a price-to-earnings ratio of about 5.5 based on the latest data in our nightly-refreshed cache.
How fast is Sunrun Inc. growing?
RUN's revenue grew at roughly 26.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Sunrun Inc. have?
As of fiscal year 2025, RUN carried roughly $14.70B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Sunrun Inc.'s market cap?
Sunrun Inc. (RUN) has a market capitalization of about $2.81B, based on the latest data in our nightly-refreshed cache.
When does Sunrun Inc.'s fiscal year end?
RUN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Sunrun Inc.'s official SEC filings (10-K and 10-Q), covering 13 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.