RUN Q2 2023 Earnings — Sunrun Inc. Revenue & Financial Results | Market Cap Arena

RUNSunrun Inc.

$3B

Q2 2023 Earnings

Income Statement

Revenue

$590M+1.0% YoY

Gross Profit

$51M8.6% margin

Operating Income

-$206M-34.9% margin

Net Income

$55M9.4% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

-$202M

Free Cash Flow

-$902M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$20.5B

Total Liabilities

$12.3B

Stockholders' Equity

$6.6B

Cash & Equivalents

$669M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$590M	$585M	+1.0%
Gross Profit	$51M	$90M	-43.1%
Operating Income	-$206M	-$155M	-32.6%
Net Income	$55M	-$12M	+546.4%

Revenue Segments

Service

$302M26%

Product

$288M24%

Customer Agreements

$274M23%

Solar Energy Systems

$202M17%

Manufactured Product, Other

$86M7%

Incentives

$28M2%