How Sunrun (RUN) Makes Money: A Visual Guide
Sunrun (RUN) generated $2.96B in revenue (TTM through Q4 2025), earning $450.56M in net profit (15.2% margin). Its largest revenue source is Service (34.5% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Sunrun (RUN) Income Statement Flow
Frequently asked questions
How does Sunrun (RUN) make money?
- Sunrun (RUN) primarily makes money through Service, which accounts for 34.5% of total revenue. For TTM through Q4 2025, Sunrun generated $2.96B in total revenue with a net profit margin of 15.2%.
What is Sunrun (RUN) gross profit margin?
- Sunrun (RUN) reported a gross profit margin of 28.6% for TTM through Q4 2025, equivalent to $845.60M in gross profit. This means Sunrun retains 28.6% of each revenue unit after direct costs of production.
What is Sunrun (RUN) operating profit margin?
- Sunrun (RUN) reported an operating profit margin of -4.3% for TTM through Q4 2025, equivalent to −$128.23M 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 15.2% for TTM through Q4 2025, equivalent to $450.56M 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 $36.13M in research and development in TTM through Q4 2025 (1.2% 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 $674.15M on capital expenditures in TTM through Q4 2025 (22.8% 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 −$1.10B in free cash flow for TTM through Q4 2025 (-37.1% 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.
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.
When was this data last updated?
- Based on company filings through TTM through Q4 2025.
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