Sunrun (RUN) Research & Development (2014 - 2026)
Sunrun (RUN) posted Research & Development of $178.5 million for Q1 2026, up 141.8% on a QoQ basis from -$427.1 million in Q4 2025, and up 1689.09% year-over-year from $10.0 million in Q1 2025.
Sunrun (RUN) Research & Development (2014 - 2026) Analysis & Trends
Sunrun's Research & Development history runs 13 years deep, the most recent figure standing at $178.5 million for Q1 2026.
- Quarterly Research & Development rose 1689.09% year-over-year to $178.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$86.9 million (down 111.29% YoY) and the FY2025 annual result came in at $36.1 million, down 94.15% from the prior year.
- Research & Development was $178.5 million for Q1 2026 at Sunrun, up from -$427.1 million in the prior quarter.
- Across five years, Research & Development topped out at $586.7 million in Q4 2024 and bottomed at -$427.1 million in Q4 2025.
- A 5-year average of $126.6 million and a median of $166.8 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development surged 3362.91% — and 2025, when it slumped 172.81%.
- Sunrun's Research & Development stood at $189.0 million in 2022, then decreased by 11.79% to $166.8 million in 2023, then surged by 251.79% to $586.7 million in 2024, then sank by 172.81% to -$427.1 million in 2025, then jumped by 141.8% to $178.5 million in 2026.
- Business Quant data shows RUN's Research & Development at $178.5 million in Q1 2026, -$427.1 million in Q4 2025, and $9.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 48.09 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -33.12 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 27.45 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 178.53 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | - |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 21.68 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | - |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -2.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 178.53 Mn |
| Dec 31, 2025 | -427.12 Mn |
| Sep 30, 2025 | 9.27 Mn |
| Jun 30, 2025 | 152.46 Mn |
| Mar 31, 2025 | 9.98 Mn |
| Dec 31, 2024 | 586.65 Mn |
| Sep 30, 2024 | 162.49 Mn |
| Jun 30, 2024 | 10.24 Mn |
| Mar 31, 2024 | 152.26 Mn |
| Dec 31, 2023 | 166.76 Mn |
| Sep 30, 2023 | 176.35 Mn |
| Jun 30, 2023 | 194.88 Mn |
| Mar 31, 2023 | 202.84 Mn |
| Dec 31, 2022 | 189.04 Mn |
| Sep 30, 2022 | 193.99 Mn |
| Jun 30, 2022 | 187.43 Mn |
| Mar 31, 2022 | 6.26 Mn |
| Dec 31, 2021 | 606.34 Mn |
| Sep 30, 2021 | 5.60 Mn |
| Jun 30, 2021 | 144.60 Mn |