The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -1,009,106 | -4,355,217 | -2,682,841 | -849,645 |
| Depreciation and amortization, net of amortization of deferred grants | 725,578 | 620,876 | 531,669 | 451,046 |
| Goodwill impairment | 0 | 3,122,168 | 1,158,000 | - |
| Income tax benefit | -167,218 | -26,817 | -12,716 | 2,291 |
| Stock-based compensation expense | 107,952 | 112,825 | 111,781 | 110,633 |
| Interest on pass-through financing obligations | 0 | 8,837 | 19,504 | 20,076 |
| Reduction in pass-through financing obligations | 0 | 20,787 | 40,352 | 41,164 |
| Unrealized (gain) loss on derivatives | -55,245 | 120,008 | -28,105 | 184,904 |
| Other noncash items | -307,833 | -210,479 | -261,390 | -53,651 |
| Accounts receivable | 119,765 | 14,974 | -15,748 | 86,762 |
| Inventories | 99,203 | -57,663 | -324,158 | 277,085 |
| Prepaid expenses and other current assets | 613,652 | 771,997 | 476,628 | 378,807 |
| Accounts payable | -80,057 | 177,449 | -108,785 | 40,458 |
| Accrued expenses and other liabilities | 84,690 | 80,588 | -56,473 | 64,122 |
| Deferred revenue | 188,192 | 152,762 | 106,700 | 227,297 |
| Deferred tax liabilities | 198,071 | - | - | - |
| Net cash used in operating activities | -421,440 | -766,153 | -820,740 | -848,793 |
| Payments for the costs of solar energy systems | - | 2,699,452 | 2,587,183 | 1,992,863 |
| Business combination, net of cash acquired | - | - | - | 0 |
| Payments for the costs of energy systems | 2,498,561 | - | - | - |
| Purchase of equity investment | 0 | 0 | 5,000 | 75,000 |
| Purchases of property and equipment, net | 1,777 | 1,572 | 20,960 | 18,203 |
| Net cash used in investing activities | -2,500,338 | -2,701,024 | -2,613,143 | -2,086,066 |
| Proceeds from state tax credits, net of recapture | 9,668 | 5,203 | 4,033 | 0 |
| Proceeds from trade receivable financing | 167,081 | 124,261 | - | - |
| Repayment of trade receivable financing | 291,342 | 0 | - | - |
| Proceeds from line of credit | 382,986 | 354,256 | 1,165,900 | 1,165,267 |
| Repayment of line of credit | 528,889 | 509,532 | 1,131,556 | 871,175 |
| Proceeds from issuance of convertible senior notes, net of capped call transaction | 0 | 444,822 | 0 | 0 |
| Repurchase of convertible senior notes | 2,124 | 346,581 | 1,545 | - |
| Proceeds from issuance of non-recourse debt-Non Recourse Debt | - | 4,009,906 | 3,745,580 | 3,428,830 |
| Proceeds from issuance of non-recourse debt | 4,111,079 | - | - | - |
| Repayment of non-recourse debt-Non Recourse Debt | - | 1,794,962 | 1,575,527 | 1,799,428 |
| Repayment of non-recourse debt | 2,286,014 | - | - | - |
| Payment of debt fees | 67,452 | 93,875 | 47,342 | 62,994 |
| Proceeds from pass-through financing and other obligations, net | 0 | 4,795 | 8,812 | 3,645 |
| Repayment of pass-through financing obligation | 0 | 240,288 | 0 | 0 |
| Payment of finance lease obligations | 25,185 | 27,240 | 23,279 | 14,146 |
| Contributions received from noncontrolling interests and redeemable noncontrolling interests | 2,002,177 | 1,811,966 | 1,572,399 | 1,414,793 |
| Distributions paid to noncontrolling interests and redeemable noncontrolling interests | 246,731 | 308,657 | 225,114 | 217,633 |
| Acquisition of noncontrolling interest | 30,705 | 26,195 | 46,274 | 42,571 |
| Net proceeds related to stock-based award activities | 16,801 | 18,876 | 22,611 | 32,863 |
| Proceeds from transfer of investment tax credits | 1,602,866 | 705,697 | - | - |
| Proceeds from shares issued in connection with a subscription agreement | - | - | - | 0 |
| Payments to redeemable noncontrolling interests and noncontrolling interests of investment tax credits | 1,602,866 | 705,697 | - | - |
| Net cash provided by financing activities | 3,211,350 | 3,426,755 | 3,468,698 | 3,037,451 |
| Net change in cash and restricted cash | 289,572 | -40,422 | 34,815 | 102,592 |
| Cash and restricted cash, beginning of period | 947,416 | 987,838 | 953,023 | 850,431 |
| Cash and restricted cash, end of period | 1,236,988 | 947,416 | 987,838 | 953,023 |
Sunrun Inc. (RUN)
Sunrun Inc. (RUN)