| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 679,552 | 823,380 | 709,148 | 618,057 |
| Restricted cash | 409,571 | 413,460 | 446,460 | 393,872 |
| Accounts receivable (net of allowances for credit losses of 22,886 and 20,692 as of march31, 2026 and december31, 2025, respectively) | 232,508 | 262,627 | 248,279 | 186,525 |
| Inventories | 490,390 | 501,286 | 569,987 | 491,150 |
| Prepaid expenses and other current assets | 153,921 | 155,216 | 96,597 | 96,207 |
| Total current assets | 1,965,942 | 2,155,969 | 2,070,471 | 1,785,811 |
| Restricted cash | 148 | 148 | 148 | 148 |
| Energy systems, net | 17,026,406 | 16,817,863 | 16,599,888 | 16,063,482 |
| Property and equipment, net | 66,612 | 75,692 | 86,813 | 98,298 |
| Other assets | 3,705,985 | 3,560,924 | 3,468,162 | 3,282,396 |
| Total assets | 22,765,093 | 22,610,596 | 22,225,482 | 21,230,135 |
| Accounts payable | 343,226 | 271,021 | 336,547 | 279,775 |
| Distributions payable to noncontrolling interests and redeemable noncontrolling interests | 47,938 | 47,072 | 44,122 | 40,719 |
| Accrued expenses and other liabilities | 483,232 | 518,835 | 539,419 | 490,637 |
| Deferred revenue, current portion | 160,791 | 162,839 | 159,623 | 145,215 |
| Deferred grants, current portion | 8,660 | 8,681 | 4,178 | 8,283 |
| Finance lease obligations, current portion | 23,921 | 24,557 | 25,360 | 25,482 |
| Non-recourse debt, current portion | 291,185 | 269,510 | 311,531 | 278,531 |
| Total current liabilities | 1,358,953 | 1,302,515 | 1,420,780 | 1,268,642 |
| Deferred revenue, net of current portion | 1,369,595 | 1,350,494 | 1,321,558 | 1,280,557 |
| Deferred grants, net of current portion | 194,098 | 196,726 | 191,340 | 190,531 |
| Finance lease obligations, net of current portion | 30,734 | 36,908 | 44,336 | 50,736 |
| Convertible senior notes | 474,259 | 473,749 | 473,234 | 472,724 |
| Line of credit | 152,200 | 238,323 | 319,210 | 336,522 |
| Non-recourse debt, net of current portion | 13,877,701 | 13,708,532 | 13,517,611 | 12,945,532 |
| Other liabilities | 152,144 | 156,199 | 169,324 | 167,611 |
| Deferred tax liabilities | 198,844 | 163,176 | 123,510 | 71,058 |
| Total liabilities | 17,808,528 | 17,626,622 | 17,580,903 | 16,783,913 |
| Redeemable noncontrolling interests | 730,224 | 709,255 | 729,861 | 715,585 |
| Common stock, 0.0001 par valueauthorized, 2,000,000 shares as of march31, 2026 and december31, 2025 issued and outstanding, 235,512 and 233,612 shares as of march31, 2026 and december31, 2025, respectively | 24 | 23 | 23 | 23 |
| Additional paid-in capital | 6,938,594 | 6,899,277 | 6,867,123 | 6,823,894 |
| Accumulated other comprehensive income | 64,411 | 63,103 | 50,249 | 52,892 |
| Retained earnings | -3,662,275 | -3,829,919 | -3,933,493 | -3,950,082 |
| Total stockholders equity | 3,340,754 | 3,132,484 | 2,983,902 | 2,926,727 |
| Noncontrolling interests | 885,587 | 1,142,235 | 930,816 | 803,910 |
| Total equity | 4,226,341 | 4,274,719 | 3,914,718 | 3,730,637 |
| Total liabilities, redeemable noncontrolling interests and total equity | 22,765,093 | 22,610,596 | 22,225,482 | 21,230,135 |
Sunrun Inc. (RUN)
Sunrun Inc. (RUN)