How does Sunrun (RUN) make money?

Sunrun (RUN) primarily makes money through Service, which accounts for 33% of total revenue. For TTM through Q1 2026, Sunrun generated $3.17B in total revenue with a net profit margin of 17.9%.

What is Sunrun (RUN) gross profit margin?

Sunrun (RUN) reported a gross profit margin of 30.4% for TTM through Q1 2026, equivalent to $966.55M in gross profit. This means Sunrun retains 30.4% of each revenue unit after direct costs of production.

What is Sunrun (RUN) operating profit margin?

Sunrun (RUN) reported an operating profit margin of -1.8% for TTM through Q1 2026, equivalent to −$56.85M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Sunrun (RUN) net profit margin?

Sunrun (RUN) reported a net profit margin of 17.9% for TTM through Q1 2026, equivalent to $568.20M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Sunrun (RUN) invest in R&D?

Sunrun (RUN) invested $36.29M in research and development in TTM through Q1 2026 (1.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Sunrun (RUN) spend on capital expenditures?

Sunrun (RUN) spent $443.96M on capital expenditures in TTM through Q1 2026 (14.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Sunrun (RUN) free cash flow?

Sunrun (RUN) generated −$750.57M in free cash flow for TTM through Q1 2026 (-23.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What are Sunrun (RUN) main revenue segments?

Sunrun (RUN) reports revenue across 7 reportable product segments, led by Service at 33% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.

How Sunrun (RUN) Makes Money: A Visual Guide

Sunrun (RUN) generated $3.17B in revenue, earning $568.20M in net profit (17.9% margin). Its largest revenue source is Service (33% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

In TTM through Q1 2026, Sunrun (RUN) generated revenue across 7 reportable product segments; the largest contributor was Service at 33%, followed by Customer Agreements (31%) and Product (22.6%).

Sunrun (RUN) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported February 26, 2026).

Sunrun (RUN) Revenue by Product Segment — TTM through Q1 2026

Service
Revenue
$1.05B
% of total
33%
Customer Agreements
Revenue
$985.79M
% of total
31%
Product
Revenue
$717.33M
% of total
22.6%
Manufactured Product, Other
Revenue
$133.66M
% of total
4.2%
Energy Systems
Revenue
$117.91M
% of total
3.7%
Solar Energy Systems
Revenue
$112.60M
% of total
3.5%
Incentives
Revenue
$60.94M
% of total
1.9%
Total
Revenue
$3.17B
% of total
100%

Segment	Revenue	% of total
Service	$1.05B	33%
Customer Agreements	$985.79M	31%
Product	$717.33M	22.6%
Manufactured Product, Other	$133.66M	4.2%
Energy Systems	$117.91M	3.7%
Solar Energy Systems	$112.60M	3.5%
Incentives	$60.94M	1.9%
Total	$3.17B	100%

View Sunrun (RUN) revenue history

Frequently asked questions

How does Sunrun (RUN) make money?: Sunrun (RUN) primarily makes money through Service, which accounts for 33% of total revenue. For TTM through Q1 2026, Sunrun generated $3.17B in total revenue with a net profit margin of 17.9%.
What is Sunrun (RUN) gross profit margin?: Sunrun (RUN) reported a gross profit margin of 30.4% for TTM through Q1 2026, equivalent to $966.55M in gross profit. This means Sunrun retains 30.4% of each revenue unit after direct costs of production.
What is Sunrun (RUN) operating profit margin?: Sunrun (RUN) reported an operating profit margin of -1.8% for TTM through Q1 2026, equivalent to −$56.85M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Sunrun (RUN) net profit margin?: Sunrun (RUN) reported a net profit margin of 17.9% for TTM through Q1 2026, equivalent to $568.20M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Sunrun (RUN) invest in R&D?: Sunrun (RUN) invested $36.29M in research and development in TTM through Q1 2026 (1.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Sunrun (RUN) spend on capital expenditures?: Sunrun (RUN) spent $443.96M on capital expenditures in TTM through Q1 2026 (14.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Sunrun (RUN) free cash flow?: Sunrun (RUN) generated −$750.57M in free cash flow for TTM through Q1 2026 (-23.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What are Sunrun (RUN) main revenue segments?: Sunrun (RUN) reports revenue across 7 reportable product segments, led by Service at 33% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?: Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?: Based on company filings through TTM through Q1 2026.