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Sunrun RUN Customer agreements and incentives — Costs

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Other financials

Income statement

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Revenue$870.0M+52.8%
Operating income$34.8M+131%
Net income$115.2M-58.8%
EPS (diluted)$0.42-60.7%

Balance sheet

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Cash & equivalents$712.4M+15.3%
Total debt$72.8M-28.6%
Total equity$3.5B+19.2%
Total assets$23.4B+10.0%

Cash flow

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Operating cash flow-$186.2M+36.4%
CapEx$4.3M+409%
Free cash flow-$190.5M+35.1%

Valuation

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Market cap$2.38B-11.2%
Enterprise value$1.74B-19.6%
P/E5.9×
P/S0.7×-0.6×

Profitability

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Gross margin55.4%
Operating margin-150.2%-204pp
Net margin11.6%+6.1pp
FCF margin-33.7%+3.3pp

Returns & leverage

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Return on equity12.6%+6.9pp
Debt / equity0.0×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Sunrun in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Sunrun’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053366
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Energy systems and product sales326,258111,336580,667212,687
Total revenue869,988569,3361,592,2191,073,607
Operating expenses:
Cost of customer agreements and incentives342,452345,376657,194654,005
Cost of energy systems and product sales199,312104,144387,000200,942
Sales and marketing190,681152,459369,214298,449
Research and development10,2348,06320,37718,042
General and administrative92,52171,543167,156129,306

Item 1. Financial Statements (Unaudited)

FAQ

What is Sunrun's customer agreements and incentives — costs?
Sunrun (RUN) reported customer agreements and incentives — costs of $342.45M in Q2 2026.
How has Sunrun's customer agreements and incentives — costs changed year-over-year?
Sunrun's customer agreements and incentives — costs decreased by 0.8% year-over-year, from $345.38M to $342.45M.
What is the long-term trend for Sunrun's customer agreements and incentives — costs?
Over 4 years (2021 to 2025), Sunrun's customer agreements and incentives — costs has grown at a 16.4% compound annual growth rate (CAGR), from $699.1M to $1.28B.
What does customer agreements and incentives — costs mean?
This metric reflects the total operating and maintenance expenses directly attributable to supporting the installed base of residential solar energy systems. It includes costs related to system monitoring, repairs, insurance, and other service-related obligations required to maintain contractual performance. Monitoring this metric is essential for evaluating the operational efficiency and long-term profitability of the company's owned asset portfolio.

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