RUN Q2 2024 Earnings — Sunrun Inc. Revenue & Financial Results | Market Cap Arena

RUNSunrun Inc.

$3B

Q2 2024 Earnings

Income Statement

Revenue

$524M-11.2% YoY

Gross Profit

$95M18.1% margin

Operating Income

-$128M-24.4% margin

Net Income

$139M26.5% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+14.3%

Cash Flow

Operating Cash Flow

-$209M

Free Cash Flow

-$814M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$21.4B

Total Liabilities

$14.4B

Stockholders' Equity

$5.4B

Cash & Equivalents

$708M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$524M	$590M	-11.2%
Gross Profit	$95M	$51M	+86.6%
Operating Income	-$128M	-$206M	+37.8%
Net Income	$139M	$55M	+150.7%

Revenue Segments

Service

$388M37%

Customer Agreements

$358M34%

Product

$136M13%

Manufactured Product, Other

$81M8%

Solar Energy Systems

$55M5%

Incentives

$30M3%