Sunrun (RUN) Research & Development (2014 - 2026)
Sunrun's (RUN) quarterly Research & Development came in at $178.5 million in Q1 2026, up 1689.09% YoY from $10.0 million in Q1 2025, and up 141.8% on a QoQ basis from -$427.1 million in Q4 2025.
Sunrun (RUN) Research & Development (2014 - 2026) Analysis & Trends
Sunrun (RUN) has 13 years of Research & Development data on file, last reported at $178.5 million in 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 advanced to $178.5 million in Q1 2026, from -$427.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $586.7 million in Q4 2024 to a low of -$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 tumbled 172.81%.
- Tracing RUN's Research & Development over 5 years: stood at $189.0 million in 2022, then fell by 11.79% to $166.8 million in 2023, then soared by 251.79% to $586.7 million in 2024, then tumbled by 172.81% to -$427.1 million in 2025, then surged by 141.8% to $178.5 million in 2026.
- The last three Research & Development figures came in at $178.5 million (Q1 2026), -$427.1 million (Q4 2025), and $9.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | - |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | -2.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 190.68 Mn |
| 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 |