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Sunrun RUN Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$1.2BBeat by $551.8M
EPS$0.38Beat by $0.46
Revenue estimate$607.0M
EPS estimate-$0.08

Next report

Nov 5, 2026 (in a month)
Revenue estimate$787.0M
EPS estimate$0.16

Financials

Q4 2025

Income statement

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Revenue$1.2B+124%
Net income$103.6M+104%
EPS (diluted)$0.38+103%

Balance sheet

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Cash & equivalents$823.4M+43.2%
Total debt$165.9M-25.0%
Total equity$3.1B+22.6%
Total assets$22.6B+13.6%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$4.27B+106%
Enterprise value$3.61B+110%
P/E9.5×—
P/S1.4×+0.4×

Profitability

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Net margin15.2%+8.0pp

Returns & leverage

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Return on equity15.8%+8.7pp
Debt / equity0.1×0.0×
Current ratio1.7×+0.4×

Segments

By product

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Customer agreements$435.2M+21.7%
Products$56.7M-38.8%
Incentives$31.3M+0.8%

FAQ

When did Sunrun report Q4 2025 earnings?
Sunrun (RUN) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Sunrun's Q4 2025 revenue and EPS?
Sunrun reported revenue of $1.2B and eps of $0.38 for Q4 2025.
Did Sunrun beat estimates in Q4 2025?
Revenue beat the consensus estimate of $607.0M by $551.8M. EPS beat the consensus estimate of $-0.08 by $0.46.
How did Sunrun's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 123.5% from $518.5M a year earlier and eps declined 73.0% from $1.41.
Where can I find Sunrun's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-012266) and the 10-K periodic report (0001628280-26-012289) directly on SEC EDGAR. The filing index links above go to sec.gov.