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Sunrun RUN Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$724.6MBeat by $114.3M
EPS$0.06Beat by $0.05
Revenue estimate$610.3M
EPS estimate$0.01

Next report

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

Financials

Q3 2025

Income statement

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Revenue$724.6M+34.9%
Operating income$3.7M+103%
Net income$16.6M+120%
EPS (diluted)$0.06+116%

Balance sheet

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Cash & equivalents$709.1M+32.8%
Total debt$95.4M-26.3%
Total equity$3.0B-43.5%
Total assets$22.2B+0.5%

Cash flow

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Operating cash flow-$121.5M+22.2%
CapEx$1.5M+637%
Free cash flow-$123.0M+21.3%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$3.99B-0.7%
Enterprise value$3.38B-6.6%
P/S1.7×-0.3×

Profitability

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Operating margin-150.2%-204pp
Net margin-106.5%-136pp
FCF margin-33.7%+3.3pp

Returns & leverage

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Return on equity-59.7%-68.9pp
Debt / equity0.0×
Current ratio1.5×0.0×

Segments

By product

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Customer agreements$458.5M+24.4%
Products$68.2M-19.0%
Incentives$33.1M-11.0%

Versus estimates

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Questions, answered.

When did Sunrun report Q3 2025 earnings?
Sunrun (RUN) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Sunrun's Q3 2025 revenue and EPS?
Sunrun reported revenue of $724.6M and eps of $0.06 for Q3 2025.
Did Sunrun beat estimates in Q3 2025?
Revenue beat the consensus estimate of $610.3M by $114.3M. EPS beat the consensus estimate of $0.01 by $0.05.
How did Sunrun's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 34.9% from $537.2M a year earlier.
Where can I find Sunrun's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-050170) and the 10-Q periodic report (0001628280-25-050191) directly on SEC EDGAR. The filing index links above go to sec.gov.