For the year ending 2025-12-31, RUN has $22,610,596K in assets. $17,626,622K in debts.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | 823,380 | 574,956 | 678,821 | 740,508 |
| Restricted cash | 413,460 | 372,312 | 308,869 | 212,367 |
| Accounts receivable (net of allowances for credit losses of 20,692 and 15,420 as of december31, 2025 and 2024, respectively) | 262,627 | 170,706 | 172,001 | 214,255 |
| Inventories | 501,286 | 402,083 | 459,746 | 783,904 |
| Prepaid expenses and other current assets | 155,216 | 202,579 | 262,822 | 146,609 |
| Total current assets | 2,155,969 | 1,722,636 | 1,882,259 | 2,097,643 |
| Restricted cash | 148 | 148 | 148 | 148 |
| Energy systems, net | 16,817,863 | 15,032,115 | 13,028,871 | 10,988,361 |
| Property and equipment, net | 75,692 | 121,239 | 149,139 | 67,439 |
| Intangible assets, net | - | - | - | 7,527 |
| Goodwill | - | 0 | 3,122,168 | 4,280,169 |
| Other assets | 3,560,924 | 3,021,746 | 2,267,652 | 1,827,518 |
| Total assets | 22,610,596 | 19,897,884 | 20,450,237 | 19,268,805 |
| Accounts payable | 271,021 | 354,214 | 230,723 | 339,166 |
| Distributions payable to noncontrolling interests and redeemable noncontrolling interests | 47,072 | 41,464 | 35,180 | 32,050 |
| Accrued expenses and other liabilities | 518,835 | 543,752 | 499,225 | 406,466 |
| Deferred revenue, current portion | 162,839 | 129,442 | 128,600 | 183,719 |
| Deferred grants, current portion | 8,681 | 7,900 | 8,199 | 8,252 |
| Finance lease obligations, current portion | 24,557 | 26,045 | 22,053 | 11,444 |
| Non-recourse debt, current portion | 269,510 | 231,665 | 547,870 | 157,810 |
| Pass-through financing obligation, current portion | - | 0 | 16,309 | 16,544 |
| Total current liabilities | 1,302,515 | 1,334,482 | 1,488,159 | 1,155,451 |
| Deferred revenue, net of current portion | 1,350,494 | 1,208,905 | 1,067,461 | 912,254 |
| Deferred grants, net of current portion | 196,726 | 196,535 | 195,724 | 201,094 |
| Finance lease obligations, net of current portion | 36,908 | 66,139 | 68,753 | 17,302 |
| Line of credit | 238,323 | 384,226 | 539,502 | 505,158 |
| Non-recourse debt, net of current portion | 13,708,532 | 11,806,181 | 9,191,689 | 7,343,299 |
| Convertible senior notes | 473,749 | 479,420 | 392,867 | 392,882 |
| Pass-through financing obligation, net of current portion | - | 0 | 278,333 | 289,011 |
| Other liabilities | 156,199 | 119,846 | 190,866 | 140,290 |
| Deferred tax liabilities | 163,176 | 137,940 | 122,870 | 133,047 |
| Total liabilities | 17,626,622 | 15,733,674 | 13,536,224 | 11,089,788 |
| Redeemable noncontrolling interests | 709,255 | 624,159 | 676,177 | 609,702 |
| Common stock, 0.0001 par valueauthorized, 2,000,000 shares as of december31, 2025 and 2024 issued and outstanding, 233,612 and 225,662 shares as of december31, 2025 and 2024, respectively | 23 | 23 | 22 | 21 |
| Additional paid-in capital | 6,899,277 | 6,747,236 | 6,609,229 | 6,470,194 |
| Accumulated other comprehensive loss | 63,103 | 86,814 | 54,676 | 67,109 |
| Retained earnings | -3,829,919 | -4,279,866 | -1,433,699 | 170,798 |
| Total stockholders equity | 3,132,484 | 2,554,207 | 5,230,228 | 6,708,122 |
| Noncontrolling interests | 1,142,235 | 985,844 | 1,007,608 | 861,193 |
| Total equity | 4,274,719 | 3,540,051 | 6,237,836 | 7,569,315 |
| Total liabilities, redeemable noncontrolling interests and total equity | 22,610,596 | 19,897,884 | 20,450,237 | 19,268,805 |
Sunrun Inc. (RUN)
Sunrun Inc. (RUN)