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Sunrun

RUN

Sunrun is the leading provider of residential solar, battery storage, and energy services in the United States, primarily operating through a subscription-based model.

Market cap
$2.38B+2.7%
Revenue$3.2B+52.4%
Net income$567.6M+121%
Free cash flow-$510.7M+33.5%
EPS (diluted)$2.13+117%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$746.9M
EPS estimate$0.23

Financials

Q1 2026

Income statement

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Revenue$722.2M+43.2%
Operating income-$43.5M+62.1%
Net income$167.6M+235%
EPS (diluted)$0.62+210%

Balance sheet

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Cash & equivalents$679.6M+12.3%
Total debt$78.9M-29.5%
Total equity$3.3B+27.7%
Total assets$22.8B+11.7%

Cash flow

See full
Operating cash flow$10.6M+110%
CapEx$409.0K+86.8%
Free cash flow$10.2M+110%

Valuation & ratios

Valuation

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Market cap$2.38B+2.7%
Enterprise value$1.78B-12.4%
P/E4.2×
P/S0.8×-0.4×

Profitability

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Net margin17.9%+9.5pp

Returns & leverage

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Return on equity19.1%+10.7pp
Debt / equity0.0×
Current ratio1.4×+0.1×

Segments

By product

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Customer agreements$447.1M+17.2%
Energy systems$212.2M
Products$42.2M-31.1%
Incentives$20.7M-3.9%

Competitors

Profile

Sunrun is the leading provider of residential solar, battery storage, and energy services in the United States, primarily operating through a subscription-based model. The company designs, installs, and maintains home energy systems, offering customers renewable energy with little to no upfront costs through long-term lease and power purchase agreements. Its value proposition centers on providing energy security, predictability, and cost savings compared to traditional utility providers.

Competitive position

Sunrun is the largest fleet operator of residential energy systems in the United States, leveraging a multi-channel distribution strategy to maintain market leadership.

GeographiesUnited States, Puerto Rico
Customer segmentsResidential homeowners, Real estate developers
Business modelSubscription, Direct-to-consumer, Leasing, Energy-as-a-Service
SuppliersSolar panel manufacturers, Inverter suppliers, Battery manufacturers, Tax equity investors
CustomersResidential homeowners, Electric utilities, Commercial real estate developers
Listed2015
Employees10.8K
CEOMary Grace Powell
SectorEnergy
IndustrySolar
Websitesunrun.com
FilingsSEC EDGAR

Questions, answered.

What is Sunrun's market cap?
Sunrun (RUN) has a market capitalization of $2.4B and trades on NASDAQ.
What is Sunrun's revenue and profitability?
Sunrun generated $3.2B in trailing twelve-month revenue with net income of $567.6M, representing a net margin of 17.9%. Gross margin stands at 55.4%, with free cash flow of -$510.7M. These figures are based on the Q1 2026 filing.
Who are Sunrun's competitors?
Sunrun's key competitors include SunPower, Tesla, Enphase Energy, and others. These companies compete in similar markets and product categories.
Who does Sunrun partner with?
Sunrun's notable partners include Illinois Shines.
What subsidiaries does Sunrun have?
Sunrun's subsidiaries include Vivint Solar.
Where is Sunrun headquartered?
Sunrun is headquartered in United States of America and employs approximately 10,833 people. It has been publicly traded since 2015.