Sunrun Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
RUN$9.74-2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Customer agreements and incentives | $1,505,227 | $1,186,706 | $983,047 |
| Solar energy systems and product sales | 532,492 | 1,073,107 | 1,338,375 |
| Total revenue | 2,037,719 | 2,259,813 | 2,321,422 |
| Operating expenses: | |||
| Cost of customer agreements and incentives | 1,169,213 | 1,077,114 | 844,162 |
| Cost of solar energy systems and product sales | 539,952 | 1,019,638 | 1,178,548 |
| Sales and marketing | 617,162 | 740,821 | 745,386 |
| Research and development | 39,304 | 21,816 | 20,907 |
| General and administrative | 245,127 | 221,067 | 194,611 |
| Goodwill impairment | 3,122,168 | 1,158,000 | — |
| Total operating expenses | 5,732,926 | 4,238,456 | 2,983,614 |
| Loss from operations | (3,695,207) | (1,978,643) | (662,192) |
| Interest expense, net | (848,366) | (652,989) | (445,819) |
| Other income (expense), net | 161,539 | (63,900) | 260,657 |
| Loss before income taxes | (4,382,034) | (2,695,532) | (847,354) |
| Income tax (benefit) expense | (26,817) | (12,691) | 2,291 |
| Net loss | (4,355,217) | (2,682,841) | (849,645) |
| Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | (1,509,050) | (1,078,344) | (1,023,022) |
| Net (loss) income attributable to common stockholders | $(2,846,167) | $(1,604,497) | $173,377 |
| Net (loss) income per share attributable to common stockholders | |||
| Basic | $(12.81) | $(7.41) | $0.82 |
| Diluted | $(12.81) | $(7.41) | $0.80 |
| Weighted average shares used to compute net (loss) income per share attributable to common stockholders | |||
| Basic | 222,215 | 216,642 | 211,347 |
| Diluted | 222,215 | 216,642 | 219,157 |
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