Sunrun (RUN) Operating Expenses (2014 - 2026)
Sunrun (RUN) posted Operating Expenses of $765.7 million for Q1 2026, down 27.86% on a QoQ basis from $1.1 billion in Q4 2025, and up 23.67% year-over-year from $619.2 million in Q1 2025.
Sunrun (RUN) Operating Expenses (2014 - 2026) Analysis & Trends
Sunrun's Operating Expenses history runs 13 years deep, the most recent figure standing at $765.7 million for 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 was $765.7 million for Q1 2026 at Sunrun, down from $1.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.8 billion in Q4 2024 and bottomed at $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 tumbled 71.88%.
- Sunrun's Operating Expenses stood at $798.3 million in 2022, then slipped by 10.55% to $714.1 million in 2023, then surged by 428.59% to $3.8 billion in 2024, then tumbled by 71.88% to $1.1 billion in 2025, then retreated by 27.86% to $765.7 million in 2026.
- Business Quant data shows RUN's Operating Expenses at $765.7 million in Q1 2026, $1.1 billion in Q4 2025, and $720.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 130.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -232.93 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 188.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 55.90 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 542.94 Mn |