RUN Q1 2023 Earnings — Sunrun Inc. Revenue & Financial Results | Market Cap Arena

RUNSunrun Inc.

$3B

Q1 2023 Earnings

Income Statement

Revenue

$590M+19.0% YoY

Gross Profit

$33M5.6% margin

Operating Income

-$228M-38.6% margin

Net Income

-$240M-40.8% margin

EPS (Diluted)

$-1.57

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

-$439M

Free Cash Flow

-$950M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$19.7B

Total Liabilities

$11.6B

Stockholders' Equity

$6.5B

Cash & Equivalents

$629M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$590M	$496M	+19.0%
Gross Profit	$33M	$44M	-25.4%
Operating Income	-$228M	-$181M	-25.5%
Net Income	-$240M	-$88M	-173.9%

Revenue Segments

Product

$343M29%

Service

$246M21%

Solar Energy Systems

$229M19%

Customer Agreements

$225M19%

Manufactured Product, Other

$114M10%

Incentives

$21M2%