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
DateValue
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