Sunrun Inc. (RUN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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RUN Revenue Growth
Revenue Breakdown (FY 2025)
RUN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
RUN Revenue Analysis (2014–2025)
As of May 6, 2026, Sunrun Inc. (RUN) generated trailing twelve-month (TTM) revenue of $2.96 billion, reflecting explosive growth of +123.5% year-over-year. The most recent quarter (Q4 2025) recorded $1.16 billion in revenue, up 59.9% sequentially.
Looking at the longer-term picture, RUN's 5-year compound annual growth rate (CAGR) stands at +26.2%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.96 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows RUN's business is primarily driven by Service (31%), Customer Agreements (29%), and Product (19%).
When compared to Energy sector peers including SPWR (+73.3% YoY), ARRY (+40.2% YoY), and SHLS (+37.8% YoY), RUN has outperformed the peer group in terms of revenue growth. Compare RUN vs SPWR →
RUN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RUNCurrent | $3.0B | +123.5% | +26.2% | -4.3% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% | |
 ARRY | $1.3B | +40.2% | +8.0% | -2.3% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 SEDG | $1.2B | -2.6% | -4.1% | -24.1% |
RUN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.96B | +45.1% | $-292,104,000 | -9.9% | $-126,129,000 | -4.3% |
| 2024 | $2.04B | -9.8% | $328.6M | 16.1% | $-3,695,207,000 | -181.3% |
| 2023 | $2.26B | -2.7% | $163.1M | 7.2% | $-1,978,643,000 | -87.6% |
| 2022 | $2.32B | +44.2% | $298.7M | 12.9% | $-662,192,000 | -28.5% |
| 2021 | $1.61B | +74.6% | $244.5M | 15.2% | $-666,187,000 | -41.4% |
| 2020 | $922.2M | +7.4% | $178.7M | 19.4% | $-465,108,000 | -50.4% |
| 2019 | $858.6M | +13.0% | $212.7M | 24.8% | $-215,740,000 | -25.1% |
| 2018 | $760.0M | +43.5% | $225.1M | 29.6% | $-121,881,000 | -16.0% |
| 2017 | $529.7M | +16.7% | $81.6M | 15.4% | $-182,204,000 | -34.4% |
| 2016 | $453.9M | +49.0% | $54.7M | 12.0% | $-214,904,000 | -47.3% |
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Start ComparisonRUN — Frequently Asked Questions
Quick answers to the most common questions about buying RUN stock.
Is RUN's revenue growth accelerating or slowing?
RUN revenue is accelerating at +123.5% year-over-year, exceeding the 5-year CAGR of +26.2%. TTM revenue reached $3.0B. Growth momentum has increased versus prior periods.
What is RUN's long-term revenue growth rate?
Sunrun Inc.'s 5-year revenue CAGR of +26.2% reflects the sustained expansion pattern. Current YoY growth of +123.5% is above this long-term average.
How is RUN's revenue distributed by segment?
RUN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.