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RUN Financials Sunrun Inc.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 26.2% per year over the past 5 years.
  • Operating margin has expanded, at -4.3% in the latest year.

Financial health

  • Total debt ($14.7B) exceeds cash ($1.2B); net debt is $13.5B.
  • Total debt has grown in line with revenue (25.1% vs 26.2% per year).
Revenue & net income
-$3B $55M $3B $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-181% -87% 7% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-111% -49% 14% 0% 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$867M -$433M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $7B $15B 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$3B $384M $3B $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $3.0B $449947 0.0% -4.3% 0.0% 0.0% — $14.7B $1.2B
2024 $2.0B -$2.8B 0.0% -181.3% -111.4% -14.3% -$768M $12.9B $947M
2023 $2.3B -$1.6B 0.0% -87.6% -30.7% -7.8% -$842M $10.7B $988M
2022 $2.3B $173M 0.0% -28.5% 2.6% 0.9% -$867M $8.4B $953M
2021 $1.6B -$79M 0.0% -41.4% -1.3% -0.5% -$826M $6.5B $850M
2020 $922M -$173M 0.0% -50.4% -2.9% -1.2% -$321M $4.8B $708M
2019 $859M $26M 0.0% -25.1% 2.7% 0.5% -$230M $2.3B $363M
2018 $760M $27M 0.0% -16.0% 2.8% 0.6% -$67M $1.7B $304M
2017 — $125M — — 14.2% 3.2% -$104M $1.3B $242M
2016 — $75M — — 11.2% 2.1% -$213M $898M $224M
2015 — -$28M — — -5.1% -1.0% — $535M $221M
2014 — -$71M — — -21.8% -3.7% — $239M —
2013 — -$1M — — — — — — —

Valuation over time

How the market has priced RUN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 5086.5 10173.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.2 2.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is RUN growing its revenue and profit?

Over the past 5 years, Sunrun Inc.'s revenue has grown 26.2% per year. These are computed facts, not advice.

How much debt does RUN have?

As of FY2025, Sunrun Inc. reported $14.7B of total debt against $1.2B of cash.

What is RUN's profit margin?

In FY2025, gross margin was —, operating margin -4.3%, and net margin 0.0%.

What is RUN's P/E ratio?

Sunrun Inc.'s P/E (TTM) is 4.92 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RUN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 4408.0× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.