analyzeportfolio
Nasdaq · Technology

Sunrun Inc. (RUN)

As-reported financials and SEC filings for Sunrun Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Sunrun Inc.

Sunrun Inc. provides residential solar energy and battery storage services in the United States. The company designs, installs, owns, and maintains solar energy systems for homeowners, offering these systems primarily through lease and power purchase agreements with no upfront costs. Sunrun serves residential customers through direct sales, energy system partnerships, and strategic partnerships, aiming to deliver clean energy with predictable pricing and energy security.

Snapshot

Revenue
$2.96B
Revenue growth (YoY)
45.1%
Net income
$449.9M
Diluted EPS
$1.71
Gross margin
Operating margin
-4.3%
Net margin
15.2%
FCF margin
ROE
net income / fiscal-year-end equity
P/E
6.0×
trailing when available, otherwise FY EPS
Market cap
$2.09B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Sunrun

  • Revenue grew 45.1% to $3.0B in FY2025, after a 9.8% decline the year before.
  • Operating margin is -4.3% in FY2025, +37.1 pp against -41.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $870M, up 52.8% from Q2 FY2025.
  • Net income turned positive at $450M in FY2025, from a $2.8B loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sunrun’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-4.3%
34th percentile of 563
Net margin15.2%
78th percentile of 577
Revenue growth (YoY)+45.1%
90th percentile of 616
P/E6.0×
6th percentile of 330
Short interest6.34d
83rd percentile of 622

Sunrun’s P/E of 6.0 ranks in the 6th percentile of the 330 peers with a meaningful P/E. Sunrun’s revenue growth of +45.1% ranks in the 90th percentile of the 616 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 10 insider sales totaling $2.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$315.8M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$136.8M10.2MAdded
Two Sigma InvestmentsquantQ2 2026$67.5M5.0MReduced
Citadel AdvisorsquantQ2 2026$65.0M4.9MAdded
Renaissance TechnologiesquantQ2 2026$24.1M1.8MReduced
Millennium ManagementquantQ2 2026$14.3M1.1MReduced
AQR Capital ManagementquantQ2 2026$6.3M473.0KAdded
Soros Fund ManagementQ2 2026$1.3M100.0KAdded
Gotham Asset ManagementQ2 2026$317,57423.7KNew

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
10
$2.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-03
filed 2026-08-04
Jurich Lynn MichelleDirectorSell50.0K$9.96$498K
2026-07-09
Barak MariaChief Accounting OfficerSell3.3K$12.17$40K
2026-07-06
filed 2026-07-07
Powell MaryChief Executive OfficerSell24.0K$13.19$316K
2026-07-06
filed 2026-07-07
Abajian DannyChief Financial OfficerSell16.5K$13.19$218K
2026-07-06
filed 2026-07-07
Dickson Paul S.Pres. & Chief Revenue OfficerSell15.6K$13.18$206K
2026-07-06
filed 2026-07-07
STEELE JEANNAChief Legal & People OfficerSell9.9K$13.19$131K
2026-07-06
filed 2026-07-07
Barak MariaChief Accounting OfficerSell1.7K$13.17$23K
2026-07-01
Jurich Lynn MichelleDirectorSell50.0K$13.61$680K
2026-06-11
filed 2026-06-12
Lontoh SonitaDirectorSell7.5K$12.00$90K
2026-06-08
filed 2026-06-09
Abajian DannyChief Financial OfficerSell2.0K$13.39$27K
2026-06-01
Jurich Lynn MichelleDirectorSell50.0K$15.92$796K
2026-05-01
filed 2026-05-04
Jurich Lynn MichelleDirectorSell50.0K$12.89$645K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
65.0M
settled 2026-08-14
Change vs prior
+0.5%
vs previous settlement
Days to cover
6.34
at avg daily volume
Avg daily volume
10.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1465.0M+0.5%6.34
2026-07-3164.7M-1.8%7.16
2026-07-1565.9M+1.3%6.38
2026-06-3065.1M+13.1%4.58
2026-06-1557.5M-3.7%6.86
2026-05-2959.7M+0.6%7.90
2026-05-1559.4M+5.7%6.47
2026-04-3056.1M+5.1%6.28

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.96B$2.04B$2.26B$2.32B$1.61B
Gross profit
Operating income$-126.1M$-3.70B$-1.98B$-662.2M$-666.2M
Net income$449.9M$-2.85B$-1.60B$173.4M$-79.4M
Diluted EPS$1.71$-12.81$-7.41$0.80$-0.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-421.4M$-766.2M$-820.7M$-848.8M$-817.2M
Capital expenditure$1.6M$21.0M$18.2M$8.6M
Free cash flow$-767.7M$-841.7M$-867.0M$-825.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$870.0M52.8%$115.2M$0.42
Q1 FY2026$722.2M43.2%$167.6M$0.62
Q4 FY2025$1.16B123.5%$103.6M$0.38
Q3 FY2025$724.6M34.9%$16.6M$0.06
Q2 FY2025$569.3M8.7%$279.8M$1.07
Q1 FY2025$504.3M10.1%$50.0M$0.20
Q4 FY2024$518.5M0.4%$-2.81B$-12.64
Q3 FY2024$537.2M-4.6%$-83.8M$-0.37

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryMiscellaneous Electrical Machinery, Equipment & Supplies
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1469367

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-01
View on EDGAR →
8-K2026-05-06
View on EDGAR →

Largest Technology peers

All Technology companies →

Monitor RUN

Get an alert when Sunrun files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor RUN free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.