What does proceeds from state tax credits, net of recapture mean?

This metric tracks the net cash inflows received from state-level tax incentive programs, adjusted for any clawbacks or recaptures. It highlights the company's ability to monetize regional government subsidies to offset the costs of solar system deployment. It serves as a measure of the effectiveness of the company's tax-equity strategy at the state level.

Sunrun RUN Proceeds from state tax credits, net of recapture

Proceeds from state tax credits, net of recapture at other companies

Enterprise Financial ServicesEFSC

$153K+39.1%

Ormat TechnologiesORA

$46.41M—

OGS

ONE GASOGS

$0—

KEE

Keel Infrastructure Corp. Common StockKEEL

$3.32M—

VSE CorporationVSEC

$734.5K+49.7%

Palomar Holdings, Inc.PLMR

$175K+2,817%

Other financials

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

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Operating cash flow$10.6M+110%

CapEx$409.0K+86.8%

Free cash flow$10.2M+110%

Valuation

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Market cap$3.06B+140%

Profitability

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Gross margin55.4%—

Operating margin-150.2%-204pp

Net margin17.9%+9.5pp

FCF margin-33.7%+3.3pp

Returns & leverage

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Return on equity19.1%+10.7pp

Debt / equity0×0.0×

Current ratio1.4×+0.1×

Where this comes from

Reported directly by Sunrun in its filing.

Tagged under the XBRL concept run:ProceedsFromStateTaxCreditsNetOfRecapture.

The official record: Sunrun’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sunrun's proceeds from state tax credits, net of recapture?: Sunrun (RUN) reported proceeds from state tax credits, net of recapture of $12.38M in Q1 2026.
What does proceeds from state tax credits, net of recapture mean?: This metric tracks the net cash inflows received from state-level tax incentive programs, adjusted for any clawbacks or recaptures. It highlights the company's ability to monetize regional government subsidies to offset the costs of solar system deployment. It serves as a measure of the effectiveness of the company's tax-equity strategy at the state level.