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Sunrun RUN Energy systems and product sales — 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
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
Total operating expenses835,200681,5851,600,9411,300,744

Item 1. Financial Statements (Unaudited)

FAQ

What is Sunrun's energy systems and product sales — costs?
Sunrun (RUN) reported energy systems and product sales — costs of $199.31M in Q2 2026.
How has Sunrun's energy systems and product sales — costs changed year-over-year?
Sunrun's energy systems and product sales — costs increased by 91.4% year-over-year, from $104.14M to $199.31M.
What is the long-term trend for Sunrun's energy systems and product sales — costs?
Over 4 years (2021 to 2025), Sunrun's energy systems and product sales — costs has grown at a 10.7% compound annual growth rate (CAGR), from $666.37M to $1B.
What does energy systems and product sales — costs mean?
This metric captures the total direct costs associated with the procurement, installation, and fulfillment of solar energy systems and hardware products sold to customers. It includes expenses such as equipment costs, labor, and logistics required to deliver these physical assets. Analyzing this metric relative to segment revenue allows for the evaluation of product-level gross margins and operational efficiency in hardware deployment.

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