Sunrun Inc

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

RUN$9.74-2.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In Thousands, Except Per Share Amounts)

	Three Months Ended March 31,
	2024	2023
Revenue:
Customer agreements and incentives	$322,967	$246,474
Solar energy systems and product sales	135,221	343,375
Total revenue	458,188	589,849
Operating expenses:
Cost of customer agreements and incentives	269,534	236,905
Cost of solar energy systems and product sales	156,159	320,018
Sales and marketing	152,264	202,836
Research and development	12,087	4,557
General and administrative	51,266	53,227
Total operating expenses	641,310	817,543
Loss from operations	(183,122)	(227,694)
Interest expense, net	(192,159)	(142,698)
Other income (expense), net	89,930	(25,000)
Loss before income taxes	(285,351)	(395,392)
Income tax benefit	(2,201)	(59,619)
Net loss	(283,150)	(335,773)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(195,332)	(95,385)
Net loss attributable to common stockholders	$(87,818)	$(240,388)
Net loss per share attributable to common stockholders
Basic	$(0.40)	$(1.12)
Diluted	$(0.40)	$(1.12)
Weighted average shares used to compute net loss per share attributable to common stockholders
Basic	219,882	214,548
Diluted	219,882	214,548

ContentsView on SEC.gov

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