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Companies / Industrials / Sunrun Inc.
RUN

Sunrun Inc.

IndustrialsConstruction
Ticker RUNSAN FRANCISCO, CAFiscal year ends DecemberBook value per share $12.78Diluted shares 273.2M

Sunrun Inc. (Nasdaq: RUN) designs, develops, installs, sells, owns and maintains residential solar and energy storage systems in the United States, primarily for homeowners, and also serves commercial developers through multifamily and new-home offerings. Most customers receive solar power through 20- or 25-year… From the company’s description.

In fiscal 2025, Sunrun Inc. reported revenue of $2.96B, up 45.1% from fiscal 2024, and a net loss of $1.01B. Its operating margin was −4.3%, and operations used $421.44M in cash. Over the twelve months to Jun 30, 2026, revenue was $3.48B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.96BFY2025
+45.1% year over year
Last 12 mo $3.48B
-4.27%FY2025
+177.1 percentage points
Last 12 mo 2.66%
$-1.01BFY2025
+76.8% year over year
Last 12 mo $-958.46M
14.36%FY2025
+3.7 percentage points
Last 12 mo 11.55%
Cash & financing
$-421.44MFY2025
+45.0% year over year
Last 12 mo $-200.13M
$-423.22MFY2025
+44.9% year over year
Last 12 mo $-205.54M
4.71FY2025
Was 5.09× a year earlier
Last 12 mo 4.36
264.5MFY2025
+19.0% year over year
Last 12 mo 273.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Sunrun Inc. does

In the company’s own words

Sunrun Inc. (Nasdaq: RUN) designs, develops, installs, sells, owns and maintains residential solar and energy storage systems in the United States, primarily for homeowners, and also serves commercial developers through multifamily and new-home offerings. Most customers receive solar power through 20- or 25-year leases or power purchase agreements, typically with no upfront cost; Sunrun monitors, maintains and insures the systems during the contract term. Customers can also buy systems outright, and battery storage is available in select markets. The company reaches customers through direct sales, energy system partners and strategic partnerships, and provides software and operational support to its partner network. Sunrun’s business includes both systems it retains and systems sold to third-party investors. Its acquisition of Vivint Solar in 2020 expanded its operations. At December 31, 2025, Sunrun reported 8,404 megawatts of cumulative networked solar energy capacity and approximately 9,059 full-time employees. Its website is www.sunrun.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1469367
SIC
1700

Financial performance, year by year

Fiscal 2015–2025 · USD
$-5.14B$-2.79B$-439.80M$1.91B$4.26B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Sunrun Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

268
funds hold it
0 of 35
superinvestors hold it
$1.31B
held by funds, at market
38.9%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Sunrun Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.17%of fund net assets
Invesco Solar ETF
TAN · Invesco Exchange-Traded Fund Trust II
4.83%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.10%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Sunrun Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Sunrun Inc.’s debt, $27.08M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.00%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Sunrun Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Sunrun Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Sunrun Inc.'s last four quarterly filings that the numbers alone won't show?”
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