Sunrun (RUN) Revenue & Revenue Breakdown


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Sunrun Revenue Highlights


Latest Revenue (Y)

$2.26B

Latest Revenue (Q)

$537.17M

Main Segment (Y)

Service

Sunrun Revenue by Period


Sunrun Revenue by Year

DateRevenueChange
2023-12-31$2.26B-2.65%
2022-12-31$2.32B44.19%
2021-12-31$1.61B74.58%
2020-12-31$922.19M7.41%
2019-12-31$858.58M12.97%
2018-12-31$759.98M43.47%
2017-12-31$529.70M16.70%
2016-12-31$453.90M49.01%
2015-12-31$304.61M53.41%
2014-12-31$198.56M262.73%
2013-12-31$54.74M-

Sunrun generated $2.26B in revenue during NA 2023, up -2.65% compared to the previous quarter, and up 297.35% compared to the same period a year ago.

Sunrun Revenue by Quarter

DateRevenueChange
2024-09-30$537.17M2.54%
2024-06-30$523.87M14.33%
2024-03-31$458.19M-11.31%
2023-12-31$516.59M-8.27%
2023-09-30$563.18M-4.58%
2023-06-30$590.19M0.06%
2023-03-31$589.85M-3.17%
2022-12-31$609.15M-3.60%
2022-09-30$631.91M8.10%
2022-06-30$584.58M17.91%
2022-03-31$495.78M13.91%
2021-12-31$435.23M-0.81%
2021-09-30$438.76M9.37%
2021-06-30$401.17M19.82%
2021-03-31$334.79M4.49%
2020-12-31$320.41M52.75%
2020-09-30$209.76M15.70%
2020-06-30$181.29M-13.97%
2020-03-31$210.73M-13.61%
2019-12-31$243.94M13.17%
2019-09-30$215.54M5.35%
2019-06-30$204.59M5.19%
2019-03-31$194.50M-19.00%
2018-12-31$240.12M17.15%
2018-09-30$204.96M20.18%
2018-06-30$170.54M18.13%
2018-03-31$144.36M-1.42%
2017-12-31$146.44M3.65%
2017-09-30$141.29M2.50%
2017-06-30$137.85M32.40%
2017-03-31$104.12M-13.66%
2016-12-31$120.58M7.63%
2016-09-30$112.03M-8.57%
2016-06-30$122.54M24.10%
2016-03-31$98.74M-0.90%
2015-12-31$99.64M20.63%
2015-09-30$82.60M13.63%
2015-06-30$72.69M46.33%
2015-03-31$49.68M-17.40%
2014-12-31$60.14M7.25%
2014-09-30$56.08M7.97%
2014-06-30$51.94M70.84%
2014-03-31$30.40M-

Sunrun generated $537.17M in revenue during Q3 2024, up 2.54% compared to the previous quarter, and up 91.02% compared to the same period a year ago.

Sunrun Revenue Breakdown


Sunrun Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Service$1.19B$983.05M$826.56M$484.16M$387.83M
Solar Energy Systems$656.41M$913.90M$471.28M$269.87M$283.43M
Customer Agreements$1.08B$872.30M$725.22M$432.53M$345.49M
Incentives$109.61M$110.75M$101.34M$51.63M$42.35M
Manufactured Product, Other$416.70M$424.47M$312.11M$168.16M$187.31M
Product$1.07B$1.34B$783.39M$438.03M$470.74M

Sunrun's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service (26.26%), Customer Agreements (23.83%), Product (23.74%), Solar Energy Systems (14.52%), Manufactured Product, Other (9.22%), and Incentives (2.43%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Service$405.86M$322.97M$321.56M$316.53M$302.15M$246.47M$242.26M$271.21M$259.89M$209.69M$200.63M$231.87M$219.47M$174.60M$164.46M$114.48M$106.09M$99.12M$99.30M$96.25M
Product$131.31M$135.22M$195.03M$246.65M$288.04M$343.38M$366.89M$360.69M$324.69M$286.09M$234.60M$206.90M$181.69M$160.20M$155.95M$95.28M$75.20M$111.61M$144.64M$119.29M
Customer Agreements$368.64M$304.13M$287.84M$289.68M$274.49M$225.09M$215.57M$234.22M$232.00M$190.50M$175.53M$194.92M$196.94M$157.83M$137.54M$102.21M$98.53M$94.25M$92.44M$89.24M
Incentives$37.22M$18.83M$33.71M$26.85M$27.66M$21.39M$26.68M$36.99M$27.88M$19.19M$25.09M$36.95M$22.54M$16.77M$26.92M$12.27M$7.57M$4.87M$6.86M$7.01M
Manufactured Product, Other$84.12M$70.16M$105.49M$111.18M$85.56M$114.47M$104.00M$119.00M$115.38M$86.09M$70.73M$78.96M$91.27M$71.15M$54.18M$43.04M$30.62M$40.33M$53.45M$52.06M
Solar Energy Systems$47.19M$65.06M$89.55M$135.48M$202.48M$228.90M$262.89M$241.70M$209.31M$200.00M$163.88M$127.94M$90.42M$89.05M$101.77M$52.24M$44.58M$71.28M$91.19M$67.23M

Sunrun's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (37.78%), Customer Agreements (34.31%), Product (12.22%), Manufactured Product, Other (7.83%), Solar Energy Systems (4.39%), and Incentives (3.46%).

Sunrun Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
JKSJinkoSolar$118.68B$23.04B
CSIQCanadian Solar$7.61B$1.33B
FSLRFirst Solar$3.32B$887.67M
SEDGSolarEdge$2.98B$265.40M
ENPHEnphase Energy$2.29B$380.87M
RUNSunrun$2.26B$537.17M
MAXNMaxeon Solar$1.12B$187.46M
NOVASunnova Energy$720.65M$235.29M

RUN Revenue FAQ


What is Sunrun’s yearly revenue?

Sunrun's yearly revenue for 2023 was $2.26B, representing a decrease of -2.65% compared to 2022. The company's yearly revenue for 2022 was $2.32B, representing an increase of 44.19% compared to 2021. RUN's yearly revenue for 2021 was $1.61B, representing an increase of 74.58% compared to 2020.

What is Sunrun’s quarterly revenue?

Sunrun's quarterly revenue for Q3 2024 was $537.17M, a 2.54% increase from the previous quarter (Q2 2024), and a -4.62% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $523.87M, a 14.33% increase from the previous quarter (Q1 2024), and a -11.24% decrease year-over-year (Q2 2023). RUN's quarterly revenue for Q1 2024 was $458.19M, a -11.31% decrease from the previous quarter (Q4 2023), and a -22.32% decrease year-over-year (Q1 2023).

What is Sunrun’s revenue growth rate?

Sunrun's revenue growth rate for the last 3 years (2021-2023) was 40.37%, and for the last 5 years (2019-2023) was 163.20%.

What are Sunrun’s revenue streams?

Sunrun's revenue streams in c 23 are Service, Solar Energy Systems, Customer Agreements, Incentives, Manufactured Product, Other, and Product. Service generated $1.19B in revenue, accounting 26.26% of the company's total revenue, up 20.72% year-over-year. Solar Energy Systems generated $656.41M in revenue, accounting 14.52% of the company's total revenue, down -28.18% year-over-year. Customer Agreements generated $1.08B in revenue, accounting 23.83% of the company's total revenue, up 23.48% year-over-year. Incentives generated $109.61M in revenue, accounting 2.43% of the company's total revenue, down -1.03% year-over-year. Manufactured Product, Other generated $416.7M in revenue, accounting 9.22% of the company's total revenue, down -1.83% year-over-year. Product generated $1.07B in revenue, accounting 23.74% of the company's total revenue, down -19.82% year-over-year.

What is Sunrun’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Sunrun was Service. This segment made a revenue of $1.19B, representing 26.26% of the company's total revenue.