Filing Flows › Sunrun (RUN) › Q1 2026
Sunrun (RUN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Sunrun (RUN) reported revenue of $722M for the first quarter 2026 (Q1 2026), +43% from a year earlier and -38% from the quarter before. Operating margin was -6.0%, net loss $297M (41.2% of revenue).
Sunrun, Q1 2026: revenue $722M (+43% year over year), operating margin -6.0%, net loss $297M, operating cash flow $10.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $722M | -38% | +43% |
| Operating profit | −$43.5M | -145% | — |
| Net earnings | −$297M | — | — |
| Operating cash flow | $10.6M | -89% | — |
What changed
Revenue was $722.2M in Q1 2026, up 43% year over year and down 38% from the previous quarter. Customer agreements was the largest line at 62% of revenue. Energy systems added $172.1M year over year (up 430%), 79% of the total change. Products declined 31%.
Operating costs exceeded revenue by $43.5M, an operating margin of -6.0%. Total costs grew 24% against revenue growth of 43%. The fastest-growing cost line was General & admin (+29%). The quarter ended with a net loss of $297.3M, wider than the previous quarter's $175.1M loss. Minority interests bore $465.0M of it: to shareholders the quarter was a profit of $167.6M. Net interest and other expense of $246.8M was the main reason.
Operating cash flow was $10.6M. Non-cash charges added back $189.6M of depreciation and amortization and $26.3M of share-based compensation. Working capital and other items added $92.1M.
Questions
What was Sunrun's revenue in the first quarter 2026?
Sunrun (RUN) reported revenue of $722M for the first quarter 2026 (Q1 2026), +43% from a year earlier and -38% from the quarter before.
Was Sunrun profitable in the first quarter 2026?
Operating loss was $43.5M (-6.0% of revenue) and net loss $297M.
Source: Sunrun 10-Q on SEC EDGAR.