Inferra AIResearch Tools

Inferra AI / Company / RUN

Sunrun Inc.

RUN · Utilities

Last earnings Aug 5, 2026

Key results

Total revenuequarter

$722.2 million

2 First Quarter 2026 GAAP Results Total revenue was $722.2 million in the first quarter of 2026, up $218.0 million, or 43%, from the first quarter of 2025.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Growthquarter

up $218.0 million

2 First Quarter 2026 GAAP Results Total revenue was $722.2 million in the first quarter of 2026, up $218.0 million, or 43%, from the first quarter of 2025.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Revenuequarter

$467.8 million

Customer agreements and incentives revenue was $467.8 million, an increase of $64.9 million, or 16%, compared to the first quarter of 2025.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Energy systems and product sales revenue was $254.4 million, an increase of $153.1 million, or 151%, compared to the first quarter of 2025.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Total cost of revenue was $502.4 million, an increase of 24% year-over-year.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Net incomequarter

$167.6 million

Net income attributable to common stockholders was $167.6 million, or $0.71 per basic share and $0.62 per diluted share, in the first quarter of 2026.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

AI analysis

Q1 2026 · reported May 6, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Total revenue · Q1 2026
$722.2M
EX-99 · May 6, 2026
Diluted EPS · Q1 2026
$0.62
EX-99 · May 6, 2026
Net income · Q1 2026
$167.6M
EX-99 · May 6, 2026
Growth · Q1 2026
up $218.0M
EX-99 · May 6, 2026

Headline figures

MetricQ1 2026Prior qtrYear ago
Total revenue$722.2 million——
Growthup $218.0 million——
Revenue$467.8 million——
Net income$167.6 million——

EX-99 · May 6, 2026

Guidance · company-stated

Direction: Reiterated

Company outlook

“Our full-year 2026 outlook for Cash Generation of $250 million to $450 million excluding our equipment safe harbor investments is unchanged, said Danny Abajian, Sunrun s Chief Financial Officer.”

Company outlook

“For the full-year 2026, Aggregate Subscriber Value is expected to be in a range of $4.8 billion to $5.2 billion, unchanged from the company s prior guidance.”

Company outlook

“Contracted Net Value Creation is expected to be in a range of $650 million to $1,050 million for the full-year 2026, unchanged from the company s prior guidance.”

Company outlook

“Cash Generation 1, 2 is expected to be in a range of $250 million to $450 million for the full-year 2026, excluding potential investment related to equipment safe harboring, unchanged from the company s prior guidance.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Continued Strong Capital Markets Execution In February 2026, Sunrun amended its non-recourse warehouse facility to extend the availability period from 2027 to 2029 and maturity from 2028 to 2030, increase commitments by $70 million to $2.7 billion, and add a new borrowing base feature providing partial advances against expected future ITC proceeds.

Paying Down Recourse Debt We continued to pay down parent recourse debt.

Company-stated claims

Feb 26, 2026

Historical · fivefold · subscribers_users

“Improving grid stability with home-to-grid dispatchable power plants In 2025, Sunrun successfully scaled the nation s largest distributed power plant, increasing customer enrollment fivefold over the prior year, reaching more than 100,000 enrolled customers.”

EX-99 · Feb 26, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Our margin-focused strategy continues to yield strong results, with Upfront Net Subscriber Value margin representing 9% of Contracted Subscriber Value in Q1, up 8 percentage points compared to the prior year

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Reiterated

Company outlook: “Our full-year 2026 outlook for Cash Generation of $250 million to $450 million excluding our equipment safe harbor investments is unchanged, said Danny Abajian, Sunrun s Chief Financial Officer.”

Company outlook: “For the full-year 2026, Aggregate Subscriber Value is expected to be in a range of $4.8 billion to $5.2 billion, unchanged from the company s prior guidance.”

Company outlook: “Contracted Net Value Creation is expected to be in a range of $650 million to $1,050 million for the full-year 2026, unchanged from the company s prior guidance.”

Company outlook: “Cash Generation 1, 2 is expected to be in a range of $250 million to $450 million for the full-year 2026, excluding potential investment related to equipment safe harboring, unchanged from the company s prior guidance.”

Company outlook — Reiterated (“unchanged”)
“Our full-year 2026 outlook for Cash Generation of $250 million to $450 million excluding our equipment safe harbor investments is unchanged, said Danny Abajian, Sunrun s Chief Financial Officer.”

Company outlook — Reiterated (“unchanged”)
“For the full-year 2026, Aggregate Subscriber Value is expected to be in a range of $4.8 billion to $5.2 billion, unchanged from the company s prior guidance.”

Company outlook — Reiterated (“unchanged”)
“Contracted Net Value Creation is expected to be in a range of $650 million to $1,050 million for the full-year 2026, unchanged from the company s prior guidance.”

Company outlook — Reiterated (“unchanged”)
“Cash Generation 1, 2 is expected to be in a range of $250 million to $450 million for the full-year 2026, excluding potential investment related to equipment safe harboring, unchanged from the company s prior guidance.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Continued Strong Capital Markets Execution In February 2026, Sunrun amended its non-recourse warehouse facility to extend the availability period from 2027 to 2029 and maturity from 2028 to 2030, increase commitments by $70 million to $2.7 billion, and add a new borrowing base feature providing partial advances against expected future ITC proceeds.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Paying Down Recourse Debt We continued to pay down parent recourse debt.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

During the first quarter, we repaid $92 million of recourse debt, reducing our borrowings under our Working Capital Facility and repaying the remaining balance of our convertible senior notes due 2026.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Since December 31, 2024, we have paid down recourse debt by $240 million, primarily by reducing borrowings under our recourse Working Capital Facility.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

We have no recourse debt maturities until March 2028.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Aggregate Creation Costs represent total operating expenses, adjusted for certain items consistent with management s use as a performance measure, and capital expenditures.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Strategy & priorities

Our margin-focused strategy continues to yield strong results, with Upfront Net Subscriber Value margin representing 9% of Contracted Subscriber Value in Q1, up 8 percentage points compared to the prior year.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

1 First Quarter Updates Leading with Storage-First Strategy Storage Attachment Rate was 73% in Q1, up from 69% in the prior-year period.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

The Company uses Cash Generation as one of the performance metrics in its executive incentive compensation plan, underscoring management's focus on delivering sustainable cash flow while continuing to grow the business.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

In some cases, you can identify forward-looking statements because they contain words such as may, will, should, expects, plans, goals, anticipates, could, intends, target, projects, contemplates, believes, estimates, predicts, potential, continue, likely, or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

3 SELECTED RISKS AFFECTING OUR BUSINESS Investing in our common stock involves numerous risks, including the risks described in Part II, Item 1A.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

Risks & headwinds

These statements are not guarantees of future performance they reflect the Company s current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, 3 performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements.

SEC original ↗Sunrun Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Legal Proceedings 56 Item 1A.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in the section titled Risk Factors and elsewhere in this Quarterly Report on Form 10-Q.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

These risks and uncertainties may be amplified by evolving economic, geopolitical and regulatory conditions, including increasing or volatile interest rates, trade regulations and tariffs, or changes in tax credits.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

The extent to which these risks and uncertainties impact our business, operations, and financial results, including the duration and magnitude of such effects, will depend on numerous factors, including, but not limited to, the duration, rapidity, and intensity of these conditions, how widespread their impact is and will continue to be on our industry or those of our suppliers, and how quickly and to what extent more predictable and stable economic conditions resume.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this Quarterly Report on Form 10-Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

SEC original ↗Sunrun Inc. — 10-Q Quarterly report10-QAug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Sunrun Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Sunrun Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Sunrun Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Sunrun Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Fortis (FTS) UtilitiesAmerican Water Works (AWK) UtilitiesFirstEnergy (FE) UtilitiesEdison International (EIX) UtilitiesDuke Energy (DUK) UtilitiesPublic Service Enterprise Group (PEG) UtilitiesConstellation Energy (CEG) UtilitiesWEC Energy Group (WEC) Utilities

Filings

30 documents

Earnings releases

6 documents

Presentations

4 documents

Transcripts

0 documents

No transcripts for Sunrun Inc. are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention Sunrun Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.