Sunrun

Sunrun helps homeowners put solar panels on their houses. These systems let families make their own clean electricity. The company also sets up batteries to store extra power.

Powering the Modern Home

• Customer Agreements: Long-term contracts where homeowners pay for energy or equipment access; generated $467.8 million in Q1 2026.
• Energy Systems: Direct sales of solar panels and batteries to residential customers who want to own their hardware.
• Product Sales: Sale of solar components like panels, inverters, and racks to resellers and other solar businesses.
• Grid Services: Programs where home battery systems share stored power with the local electricity grid to support reliability.
• Lead Generation: Business of finding potential new customers and selling their contact information to solar partners.

Scaling Up Clean Energy

• Strategic Partnerships: Works with a network of solar and strategic partners to reach more residential customers across the United States.
• Tax Equity Funds: Uses special investment structures to raise capital from outside investors to pay for new solar projects.
• Electrification Expansion: Expanded offerings to include home-to-grid power plants and home-to-grid power products that manage energy flow.

What Makes Sunrun Different?

Sunrun uses a direct-to-consumer approach through online channels, retail stores, and field marketing to reach homeowners. It manages a large fleet of systems that usually stay under contract for 20 to 25 years.

The Q1 2026 Scorecard

• Total revenue reached $722.2 million in Q1 2026, up 43.2% from $504.3 million in Q1 2025.
• Gross profit hit $219.8 million in Q1 2026, an increase of 122.4% year-over-year.
• Net income attributable to common stockholders was $167.6 million in Q1 2026, up 235.2% from $50.0 million in Q1 2025.
• Operating cash flow turned positive at $10.6 million in Q1 2026, compared to a $104.2 million loss a year earlier.
• Free cash flow was negative $414.2 million in Q1 2026, narrowing from a $759.2 million loss in Q1 2025.

The Final Word

Sunrun has moved beyond simple solar installation to become a large-scale provider of residential energy and storage. Its focus on long-term customer contracts and battery storage supports its growth in the clean energy market.