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Sunrun RUN Under SREC contracts: — Deferred Revenue

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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×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by Sunrun in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

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 under SREC contracts: — deferred revenue?
Sunrun (RUN) reported under SREC contracts: — deferred revenue of $393.58M in Q1 2026.
How has Sunrun's under SREC contracts: — deferred revenue changed year-over-year?
Sunrun's under SREC contracts: — deferred revenue increased by 19.3% year-over-year, from $329.9M to $393.58M.
What is the long-term trend for Sunrun's under SREC contracts: — deferred revenue?
Over 3 years (2022 to 2025), Sunrun's under SREC contracts: — deferred revenue has grown at a 25.7% compound annual growth rate (CAGR), from $722.61M to $1.43B.
What does under SREC contracts: — deferred revenue mean?
This metric represents the balance of payments received from customers or utility partners for Solar Renewable Energy Certificates (SRECs) that have not yet been recognized as revenue. It reflects the company's obligation to deliver environmental attributes over the remaining term of the contract. This deferred revenue serves as a key indicator of future cash flow visibility derived from the monetization of renewable energy credits generated by the installed solar asset base.