RUN Q1 2024 Earnings — Sunrun Inc. Revenue & Financial Results | Market Cap Arena

RUNSunrun Inc.

$3B

Q1 2024 Earnings

Income Statement

Revenue

$458M-22.3% YoY

Gross Profit

$32M7.1% margin

Operating Income

-$183M-40.0% margin

Net Income

-$88M-19.2% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

-11.3%

Cash Flow

Operating Cash Flow

-$143M

Free Cash Flow

-$682M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$20.8B

Total Liabilities

$14.1B

Stockholders' Equity

$5.2B

Cash & Equivalents

$487M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$458M	$590M	-22.3%
Gross Profit	$32M	$33M	-1.3%
Operating Income	-$183M	-$228M	+19.6%
Net Income	-$88M	-$240M	+63.5%

Revenue Segments

Service

$323M35%

Customer Agreements

$304M33%

Product

$135M15%

Manufactured Product, Other

$70M8%

Solar Energy Systems

$65M7%

Incentives

$19M2%