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RUN · Nasdaq · United States · Construction - Special Trade Contractors
In shortSunrun Inc. is profitable, burns cash and carries heavy debt, with revenue growing (+45.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -4.3% | 2/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 15.2% | 81/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.8% | 79/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -0.6% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.66× | 71/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 4.69× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.16 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -14.3% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.94× | 0/100 |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 35.6% | 0/100 |
| Operating margin volatility | 69.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 8.4% | 63/100 |
|---|---|---|
| EPS growth, 3-year average | 28.8% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,610 | 2,321 | 2,260 | 2,038 | 2,957 |
| Research & development | 23 | 21 | 22 | 39 | 36 |
| Operating income | (666) | (662) | (1,979) | (3,695) | (126) |
| Pre-tax income | (971) | (847) | (2,696) | (4,382) | (1,176) |
| Income tax | 9.3 | 2.3 | (13) | (27) | (167) |
| Net income | (79) | 173 | (1,604) | (2,846) | 450 |
| Diluted EPS | −$0.39 | $0.80 | −$7.41 | −$12.81 | $1.71 |
| Diluted shares (millions) | 205 | 219 | 217 | 222 | 264 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Sunrun Inc. are included in the Investor plan. Try free for 7 days →
−0.16 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026