Sunrun (RUN) Operating Expenses (2014 - 2026)
Sunrun's (RUN) quarterly Operating Expenses came in at $765.7 million in Q1 2026, up 23.67% YoY from $619.2 million in Q1 2025, and down 27.86% on a QoQ basis from $1.1 billion in Q4 2025.
Sunrun (RUN) Operating Expenses (2014 - 2026) Analysis & Trends
Sunrun (RUN) has 13 years of Operating Expenses data on file, last reported at $765.7 million in Q1 2026.
- Quarterly Operating Expenses rose 23.67% year-over-year to $765.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.2 billion (down 43.45% YoY) and the FY2025 annual result came in at $3.1 billion, down 46.22% from the prior year.
- Operating Expenses declined to $765.7 million in Q1 2026, from $1.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.8 billion in Q4 2024 to a low of $619.2 million in Q1 2025.
- A 5-year average of $988.5 million and a median of $739.9 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 428.59% — and 2025, when it plunged 71.88%.
- Tracing RUN's Operating Expenses over 5 years: stood at $798.3 million in 2022, then retreated by 10.55% to $714.1 million in 2023, then soared by 428.59% to $3.8 billion in 2024, then sank by 71.88% to $1.1 billion in 2025, then declined by 27.86% to $765.7 million in 2026.
- The last three Operating Expenses figures came in at $765.7 million (Q1 2026), $1.1 billion (Q4 2025), and $720.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.04 Bn | 21.32 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 13.04 Bn | 11.82 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 5.03 Bn | 4.09 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Sunrun | 2.20 Bn | 2.20 Bn | 527.54 Mn | 835.20 Mn |
| 5 | Solaredge Technologies | 1.87 Bn | 1.29 Bn | 95.15 Mn | 111.20 Mn |
| 6 | Shoals Technologies | 1.21 Bn | 1.19 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 974.82 Mn | -613.47 Mn | 124.40 Mn | 188.46 Mn |
| 8 | JinkoSolar Holding | 835.83 Mn | -2.47 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Array Technologies | 722.40 Mn | 415.10 Mn | 99.60 Mn | 64.84 Mn |
| 10 | Toyo | 178.60 Mn | 101.96 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 835.20 Mn |
| Mar 31, 2026 | 765.74 Mn |
| Dec 31, 2025 | 1.06 Bn |
| Sep 30, 2025 | 720.91 Mn |
| Jun 30, 2025 | 681.59 Mn |
| Mar 31, 2025 | 619.16 Mn |
| Dec 31, 2024 | 3.77 Bn |
| Sep 30, 2024 | 664.95 Mn |
| Jun 30, 2024 | 651.91 Mn |
| Mar 31, 2024 | 641.31 Mn |
| Dec 31, 2023 | 714.12 Mn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 796.13 Mn |
| Mar 31, 2023 | 817.54 Mn |
| Dec 31, 2022 | 798.34 Mn |
| Sep 30, 2022 | 768.15 Mn |
| Jun 30, 2022 | 739.89 Mn |
| Mar 31, 2022 | 677.23 Mn |
| Dec 31, 2021 | 643.20 Mn |
| Sep 30, 2021 | 576.69 Mn |