Sunrun (RUN) Operating Expenses (2014 - 2026)

Sunrun (RUN) reported Operating Expenses of $765.7 million for Q1 2026, up 23.67% on a YoY basis from $619.2 million in Q1 2025, and down 27.86% quarter-over-quarter from $1.1 billion in Q4 2025.

Sunrun (RUN) Operating Expenses (2014 - 2026) Analysis & Trends

Sunrun has reported Operating Expenses for 13 years, with the latest figure at $765.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 23.67% year-over-year to $765.7 million; the trailing twelve-month figure through Mar 2026 stood at $3.2 billion (down 43.45% YoY), and the FY2025 full-year result was $3.1 billion, down 46.22% from the prior year.
  • Operating Expenses for Q1 2026 stood at $765.7 million, down from $1.1 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.8 billion in Q4 2024, with the low at $619.2 million in Q1 2025.
  • Historically, Operating Expenses has averaged $988.5 million across 5 years, with a median of $739.9 million in 2022.
  • Annual changes were most pronounced in 2024 — Operating Expenses soared 428.59% — and 2025, when it plunged 71.88%.
  • Sunrun's Operating Expenses 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 140.83 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 143.79 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 130.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 123.32 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 765.74 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 33.29 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 55.90 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -232.93 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 13.20 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
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