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
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