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| 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 |