# Sunrun Inc. (RUN) · Edgar & Edgarette company card

> Sunrun (RUN) grew revenue 45.1% in FY2025 to $3.0 billion, operating margin -4.3% against a 0.7% median for construction - special trade contractors, equity 13.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1469367 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/RUN) · [JSON](https://www.pops4.com/boards/company/RUN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.0B |
| Revenue growth, 1 year | 45.1% |
| Revenue growth per year | 16.4% |
| Operating margin | -4.3% (prior year -181.3%) |
| Net margin | -34.1% |
| Operating cash flow | −$421M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $1.2B |
| Long-term debt | $14.7B |
| Total assets | $22.6B |
| Total equity | $3.1B |
| Equity ÷ assets | 13.9% |
| Return on equity | -32.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -0.16 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -4.3% in FY2025; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $3.0B (FY2025), total debt $14.7B. Experience: revenue up 45.1% on the year, up 16.4% a year over 4 years; operating margin -4.3%, up from -181.3%. Soundness: equity 13.9% of assets, return on equity -32.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.8B and $4.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.2B to $6.0B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, construction - special trade contractors): operating margin -4.3% against a 0.7% median; growth 45.1% against 14.4%.

Range logged 2026-09-24, receipt 70d02f2ffc0d02d8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1469367/000162828026070158/0001628280-26-070158-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1469367/000162828026070143/0001628280-26-070143-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1469367/000162828026053366/0001628280-26-053366-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1469367/000162828026053349/0001628280-26-053349-index.htm)
- 8-K · filed 2026-06-01 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1469367/000162828026039250/0001628280-26-039250-index.htm)
- 10-Q · filed 2026-05-06 · [filing](https://www.sec.gov/Archives/edgar/data/1469367/000162828026031271/0001628280-26-031271-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001469367.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1469367

## Cite

POPS4, Edgar & Edgarette: Sunrun Inc. (RUN) company card, from the company's own SEC filings, accessed 2026-11-07, https://www.pops4.com/boards/company/RUN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.