RUN Q3 2023 Earnings — Sunrun Inc. Revenue & Financial Results | Market Cap Arena

RUNSunrun Inc.

$3B

Q3 2023 Earnings

Income Statement

Revenue

$563M-10.9% YoY

Gross Profit

$45M8.0% margin

Operating Income

-$1.3B-239.3% margin

Net Income

-$1.1B-189.9% margin

EPS (Diluted)

$-4.92

QoQ Revenue Growth

-4.6%

Cash Flow

Operating Cash Flow

-$63M

Free Cash Flow

-$805M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$20.0B

Total Liabilities

$13.0B

Stockholders' Equity

$5.6B

Cash & Equivalents

$644M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$563M	$632M	-10.9%
Gross Profit	$45M	$111M	-59.2%
Operating Income	-$1.3B	-$136M	-889.0%
Net Income	-$1.1B	$211M	-607.9%

Revenue Segments

Service

$317M28%

Customer Agreements

$290M26%

Product

$247M22%

Solar Energy Systems

$135M12%

Manufactured Product, Other

$111M10%

Incentives

$27M2%