KPIs & Operating Metrics(New)
Growth Metrics

Sunrun (RUN) Operating Expenses (2014 - 2026)

Sunrun posted quarterly Operating Expenses of $765.7 million for Q1 2026, up 23.67% year-on-year from $619.2 million in Q1 2025, and down 27.86% on a QoQ basis from $1.1 billion in Q4 2025.

Sunrun (RUN) has 13 years of Operating Expenses data on file, last reported 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.
  • Across five years, Operating Expenses topped out at $3.8 billion in Q4 2024 and bottomed at $619.2 million in Q1 2025.
  • The 5-year median for Operating Expenses is $739.9 million (2022), against an average of $988.5 million.
  • The widest annual swing landed in 2024, when Operating Expenses soared 428.59%; it then slumped 71.88% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $798.3 million in 2022, then decreased by 10.55% to $714.1 million in 2023, then jumped by 428.59% to $3.8 billion in 2024, then plunged by 71.88% to $1.1 billion in 2025, then fell 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 26.65 Bn 24.22 Bn 486.13 Mn 140.83 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 143.79 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 188.46 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 130.04 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 123.32 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 765.74 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 33.29 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 55.90 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -232.93 Mn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 13.20 Mn

Historic Data

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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
Mar 31, 2021 513.32 Mn
Dec 31, 2020 576.84 Mn
Sep 30, 2020 271.95 Mn
Jun 30, 2020 264.76 Mn
Mar 31, 2020 273.75 Mn
Dec 31, 2019 292.36 Mn
Sep 30, 2019 275.89 Mn
Jun 30, 2019 267.39 Mn
Mar 31, 2019 238.68 Mn
Dec 31, 2018 246.77 Mn
Sep 30, 2018 228.51 Mn
Jun 30, 2018 205.51 Mn
Mar 31, 2018 201.07 Mn
Dec 31, 2017 198.85 Mn
Sep 30, 2017 189.72 Mn
Jun 30, 2017 171.27 Mn
Mar 31, 2017 153.83 Mn
Dec 31, 2016 169.59 Mn
Sep 30, 2016 163.07 Mn
Jun 30, 2016 170.96 Mn
Mar 31, 2016 165.56 Mn
Dec 31, 2015 164.80 Mn
Sep 30, 2015 145.35 Mn
Jun 30, 2015 118.89 Mn
Mar 31, 2015 94.77 Mn
Dec 31, 2014 102.52 Mn
Sep 30, 2014 93.10 Mn
Jun 30, 2014 82.56 Mn