Sunrun's earnings call highlighted significant achievements in subscriber value growth, contracted net value creation, and expansion of storage and home-to-grid programs. The company demonstrated strong financial performance and strategic positioning in the current policy environment. However, challenges in cash generation and tax equity market dynamics presented some concerns. Overall, the positive aspects of growth and strategic advancements outweigh the challenges noted.

Company Guidance -

Q3 2025

During Sunrun's second quarter earnings call, the company exceeded its guidance by achieving $1.6 billion in top line aggregate subscriber value, marking a 40% year-over-year growth. The contracted net value creation hit a record $376 million, more than doubling from the previous quarter. Sunrun achieved a 70% storage attachment rate, contributing to a 17 percentage point improvement in upfront net subscriber value margin, now at 11%. The company also generated $27 million in cash, marking its fifth consecutive quarter of positive cash generation, despite a slight shortfall from prior guidance. The full-year cash generation outlook remains projected between $200 million and $500 million. Sunrun ended the quarter with $618 million in unrestricted cash, a $13 million increase from the prior quarter, and paid down $21 million in recourse debt. With nearly 200,000 storage systems installed and over 71,000 customers enrolled in home-to-grid programs, the company anticipates significant growth in cash flow from these initiatives in the coming years.

Record Aggregate Subscriber Value

Sunrun generated $1.6 billion in aggregate subscriber value, growing 40% year-over-year and significantly exceeding guidance.

Highest Ever Contracted Net Value Creation

Contracted net value creation reached $376 million, more than doubling from the previous quarter and setting a new company record.

Strong Cash Generation

Sunrun reported its fifth consecutive quarter of positive cash generation, ending with $27 million in cash generated and a $618 million unrestricted cash balance.

Significant Growth in Storage Attachment

Storage offerings reached an all-time high attachment rate of 70% among new customer additions, contributing to profitability.

Expansion of Home-to-Grid Programs

Over 71,000 customers enrolled in these programs, representing 300% year-over-year growth, providing 354 megawatts of power capacity to the grid.

Positive Policy Environment

Sunrun is well-positioned to benefit from the enacted legislation, with a strong focus on commercial investment tax credits and storage growth.

Sunrun (RUN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RUN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.11 / -	-0.37	―	―	―
Aug 06, 2025	2025 (Q2)	-0.09 / 1.07	0.55	94.55% (+0.52)
May 07, 2025	2025 (Q1)	-0.34 / 0.20	-0.4	150.00% (+0.60)
Feb 27, 2025	2024 (Q4)	-0.29 / -12.51	-1.6	-681.88% (-10.91)
Nov 07, 2024	2024 (Q3)	-0.09 / -0.37	-4.92	92.48% (+4.55)
Aug 06, 2024	2024 (Q2)	-0.33 / 0.55	0.25	120.00% (+0.30)
May 08, 2024	2024 (Q1)	-0.37 / -0.40	-1.12	64.29% (+0.72)
Feb 21, 2024	2023 (Q4)	-0.21 / -1.60	0.29	-651.72% (-1.89)
Nov 01, 2023	2023 (Q3)	-0.10 / -4.92	0.96	-612.50% (-5.88)
Aug 02, 2023	2023 (Q2)	-0.24 / 0.25	-0.06	516.67% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RUN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$9.07	$12.00	+32.30%
May 07, 2025	$7.39	$8.50	+15.02%
Feb 27, 2025	$7.91	$7.25	-8.34%
Nov 07, 2024	$11.60	$10.23	-11.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.