Sunrun Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.0B | $2.0B | $2.3B | $2.3B | $1.6B |
| Research and development | $36.1M | $39.3M | $21.8M | $20.9M | $23.2M |
| Operating income | -$126.1M | -$3.7B | -$2.0B | -$662.2M | -$666.2M |
| Pretax income | -$1.2B | -$4.4B | -$2.7B | -$847.4M | -$971.3M |
| Income tax expense | -$167.2M | -$26.8M | -$12.7M | $2.3M | $9.3M |
| Net income | $449.9M | -$2.8B | -$1.6B | $173.4M | -$79.4M |
| Balance Sheet | |||||
| Current assets | $2.2B | $1.7B | $1.9B | $2.1B | $1.5B |
| Total assets | $22.6B | $19.9B | $20.5B | $19.3B | $16.5B |
| Current liabilities | $1.3B | $1.3B | $1.5B | $1.2B | $1.0B |
| Total liabilities | $17.6B | $15.7B | $13.5B | $11.1B | $8.9B |
| Total debt | $14.9B | $13.0B | $10.8B | $8.5B | $6.5B |
| Stockholders' equity | $3.1B | $2.6B | $5.2B | $6.7B | $6.3B |
| Cash Flow Statement | |||||
| Cash from operations | -$421.4M | -$766.2M | -$820.7M | -$848.8M | -$817.2M |
| Depreciation and amortization | $38.3M | $44.1M | $31.9M | $27.2M | $23.0M |
| Stock-based compensation | $108.0M | $112.8M | $111.8M | $110.6M | $211.0M |
| Capital expenditure | — | $1.6M | $21.0M | $18.2M | $8.6M |
| Free cash flow | — | -$767.7M | -$841.7M | -$867.0M | -$825.8M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Share repurchases | — | — | — | — | $0 |
| Impairments | $0 | $3.1B | $1.2B | $0 | $0 |
Shares outstanding 238.5M · Free float 24.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.