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This statistic highlights Sunrun’s Annual Recurring Revenue (ARR), reported quarterly from Q4 2020 onwards.
Sunrun Inc. began as a California limited liability company in 2007 and later changed its name to a Delaware corporation in 2008. Residential solar energy systems (“Projects”) are designed, developed, installed, sold, owned, and maintained by the Company in the United States.
What is Annualized Recurring Revenue (ARR)?
The Annual Recurring Revenue (ARR) is a subscription economic indicator that shows how much money you’ll get every year for the rest of your membership’s life (or contract). The value of recurring revenue from a company’s subscription, adjusted to a single calendar year, is known as ARR. For example, if a business customer pays $20,000 for a two-year membership, the ARR is $10,000 each year.
ARR is a yearly revenue stream that can be counted. The ARR is a good measure of a company’s subscription business’s health. ARR is a recurring revenue level that may be used to track a company’s development and forecast future growth. It’s also a good indicator of new sales, renewals, and upgrades, as well as the loss of momentum caused by downgrades and client losses. It’s also a good statistic to use to track new sales, renewals, and upgrades, as well as lost sales, downgrades, and lost clients.
|Category||Q4 2020||Q1 2021||Q2 2021||Q3 2021|
|Annual recurring revenue||$668.00||$683.00||$747.00||$787.00|
(All figures in millions)
Sunrun’s Annualized Recurring Revenue (ARR) witnessed a constant and a positive rise in the slope of the graph from Q4 2020 to Q3 2021. The ARR increased from $668 million in Q4 2020 to $683 million in Q1 2021, marking a growth of 2.25% or $15 million. The ARR showed a huge growth of 9.37% or $64 million, from $683 million earned in Q1 2021 to $747 million in Q2 2021. The ARR further increased to $787 million in Q3 2021 compared to $747 million in Q2 2021, leading to a rise of 5.35% or $40 million. On a closer look at the graph, it can be seen that there is a reasonable increment in ARR from $668 million in Q4 2020 to $787 million in Q3 2021, accounting for a growth of 17.81% or $119 million.
Sunrun Inc., headquartered in San Fransisco, California, is a solar panel and battery firm that sells to homeowners. Household solar energy systems are designed, developed, installed, sold, owned, and maintained by corporations in the United States. It frequently provides clean solar energy at a lower cost than traditional utility power. The majority of their customers are homeowners. They also sell services to commercial developers through their multi-family and new home offerings, and they provide battery storage and solar energy solutions to their clients in select regions. After inventing the residential solar service model and identifying its enormous market potential, it built the infrastructure and capabilities needed to quickly recruit and serve consumers in a low-cost and scalable manner. Their scalable operating platform now comes with a slew of benefits. The company’s common stock is traded on the NASDAQ under the ticker symbol RUN.
Sunrun gets clients both directly and through connections with a variety of solar and strategic partners. Sunrun or Sunrun’s Partners create the Projects, which are then held by the Company. Customers of Sunrun sign a customer agreement to use the solar energy system, which usually has a 20 or 25-year initial duration. The projects are monitored, maintained, and insured by Sunrun. Solar energy systems and products, including panels and racking, are also sold by the company, as are solar leads generated for consumers. To finance the development of Projects, the Company has established a number of subsidiaries. These limited-liability companies (LLCs) raise funds from outside investors and purchase or lease Sunrun Projects under master purchase or master lease agreements.
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