RUN at a glance
Sunrun Inc. (RUN, SEC CIK 1469367) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 5, 2026 and Form 4 insider filings as recently as August 4, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Sunrun Inc. (RUN) reported revenue of $3.0 billion (up 45.1% from FY2024) and net income of $449.9 million. Diluted EPS was $1.71.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding Sunrun Inc. (RUN) shares worth $2.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Jurich Lynn Michelle on August 3, 2026 of 50,000 shares at $9.96 per share.
- In the last 90 days, RUN insiders reported 0 open-market purchases ($0) and 2 open-market sales ($538K) on Form 4, a net sale of $538K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $3.0B
- +45.1% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$538K
- 13F holders
- 34 funds
- $2.1B · −4 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Residential solar and battery storage subscription services with no upfront costs, serving homeowners primarily through leases and power purchase agreements
- New emphasis: Expanded strategic partnerships providing access to millions of potential customers from new market entrants in retail and energy sectors
- Strategic shift: Multi-channel sales model integration of direct-to-consumer, energy system partnerships, and strategic partnerships boosting capital-efficient growth and market reach
- Quantitative metric: Networked Solar Energy Capacity totaled 8,404 megawatts as of December 31, 2025, with Gross Earning Assets of approximately $21.1 billion
- Noteworthy fact: Operated the largest fleet of residential energy systems in the U.S. as of end 2025, post-acquisition of Vivint Solar in 2020
Management Discussion & Analysis
- Revenue $2.96B, up 45% YoY from $2.04B; Customer agreements up $314M (21%), energy systems up $606M (114%)
- Gross margin on customer agreements improved: cost ratio 70% vs 78%; on energy systems margin improved: cost ratio 68% vs 101% prior year
- Best segment: Energy systems and product sales revenue up $605.5M (114%), cost ratio improved from 101% to 68%
- Worst segment: Product sales declined $68.1M (21%) in revenue, negative impact on overall energy product sales growth
- Cash $823.4M end 2025; $1.2B new secured credit facilities, $1.6B secured long-term non-recourse loans commitments received
- No dividend or buybacks mentioned; Capital expenditures implied in business funding and energy system acquisition costs
- Outlook: Reduced goodwill impairment (zero in 2025 vs $3.1B in 2024); increased income tax benefit $167M; management focus on funded growth and leveraging financing arrangements
Risk Factors
- Convertible senior notes $475M issued Feb 2024, maturity Mar 2030, reliance on outside financing for growth and capital deployment
- Purchase commitments $2.0B photovoltaic modules, inverters, batteries through Q4 2025, cancelable without significant penalties
- Operating cash outflow $421.4M in 2025 driven by cost of revenue and SG&A expenses, notable working capital outflow $441.7M
- Financing activities generated $3.2B in 2025, driven by $1.8B fund investor proceeds, $1.6B debt net proceeds, reflecting capital raising dependency
- Committed capital $1.0B restricted for energy system purchase/installation as of Dec 31, 2025, limiting liquidity flexibility
AI summary of the RUN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Networked Solar Energy Capacity 8,732 MW and Gross Earning Assets approximately $22.2B as of June 30, 2026
- 60 active Funds and $1.7B noncontrolling interest balance as of June 30, 2026
- Headwinds from elevated interest rates, tariffs, regulatory uncertainty, and shortened solar tax-credit availability through 2027
Risk Factors
- OBBB-triggered policy risk: Residential Clean Energy Credit ended January 1, 2026, while solar 48E eligibility changes after 2027
- California regulatory exposure: NBT transition reduced financial credits, with California exceeding 45% of customers as of June 30, 2026
- Tariff and supply-chain risk: AD/CVD duties on Southeast Asian solar modules reached rates exceeding 3,400%
- Competitive risk: New third-party ownership entrants may offer higher turnkey prices and sales commissions after OBBB tax-credit changes
- Financing liquidity risk: Transferability funding can arrive up to a year or more after systems enter service, increasing cash-flow volatility
AI summary of the RUN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Earnings press release furnished as Exhibit 99.1 for detailed financial results
Item EX-99.1: Item EX-99.1
- Q2 revenue $870.0M, up 53%, but GAAP net loss $208.2M; common-stockholder income fell to $115.2M from $279.8M
- Subscriber additions declined 31% to 19,793, while total subscribers reached 1,034,738, up 10% year over year
Item 5.07: Submission of Matters to a Vote of Security Holders
- All nine director nominees elected, with votes for ranging from 161.1M to 167.4M
- Sonita Lontoh received highest opposition, with 6.75M votes withheld
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results released for quarter ended March 31, 2026
- Conference call scheduled May 6, 2026 to discuss quarterly performance
AI summaries of RUN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for RUN
Don't miss the next RUN filing
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- Fund moves. Which tracked funds opened, added or cut RUN, by share count.
- Ask anything. An AI agent that reads every RUN filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Jurich Lynn Michelle | Sell | Aug 3, 2026 | 50,000 | $9.96 |
| Barak Maria | Sell | Jul 9, 2026 | 3,278 | $12.17 |
| Powell Mary | Sell | Jul 6, 2026 | 23,985 | $13.19 |
| Dickson Paul S. | Sell | Jul 6, 2026 | 15,613 | $13.18 |
| Abajian Danny | Sell | Jul 6, 2026 | 16,495 | $13.19 |
| STEELE JEANNA | Sell | Jul 6, 2026 | 9,897 | $13.19 |
| Abajian Danny | G | Jul 6, 2026 | 17,052 | - |
| Abajian Danny | G | Jul 6, 2026 | 17,052 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $2.3B | $2.0B | $3.0B |
| Operating Income | - | -$3.7B | -$126.1M |
| Net Income | -$1.6B | -$2.8B | $449.9M |
| Op. Margin | - | -181.3% | -4.3% |
| Net Margin | -71.0% | -139.7% | 15.2% |
| Balance Sheet | |||
| Total Assets | $20.5B | $19.9B | $22.6B |
| Equity | - | $2.6B | $3.1B |
| ROE | - | -111.4% | 14.4% |
| Per Share | |||
| EPS | $-7.41 | $-12.81 | $1.71 |
| Cash Flow | |||
| Operating CF | - | -$766.2M | -$421.4M |
| CapEx | $21.0M | $1.6M | - |
Source: XBRL data in Sunrun Inc. (RUN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate RUN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $2.07B |
| Q1 2026 | 38 | $1.86B |
| Q4 2025 | 33 | $2.77B |
| Q3 2025 | 34 | $2.40B |
| Q2 2025 | 31 | $1.13B |
| Q1 2025 | 27 | $513.3M |
| Q4 2024 | 26 | $599.3M |
| Q3 2024 | 24 | $714.9M |
- Goldman Sachs Group+7.01M (+58%)
- Citadel Advisors LLC+4.47M (+1139%)
- D.E. Shaw & Co+2.97M (+41%)
- Morgan Stanley+1.47M (+37%)
- FMR LLC (Fidelity)+1.31M (+240%)
- Two Sigma Investments−2.75M (-35%)
- Millennium Management−822.4K (-43%)
- BlackRock−502.5K (-1%)
- JPMorgan Chase & Co−280.6K (-35%)
- Renaissance Technologies LLC−265.2K (-13%)
- Bridgewater Associates LP−154.4K
- Blackstone Group−68.2K
- Allstate−33.7K
- OLD NATIONAL BANCORP /IN/−19.9K
Source: 13F-HR filings on SEC EDGAR (aggregated from 247 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
RUN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| SC 13G | Aug 14, 2026 | - | - | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Jul 9, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 9, 2026 | - | - | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | May 6, 2026 | - | Analysis | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 4 | May 4, 2026 | - | - | - |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 14, 2026 | - | - | - |
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RUN SEC filings: frequently asked questions
Are RUN insiders buying or selling?
In the last 90 days, Sunrun Inc. (RUN) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $538,008 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold RUN stock?
As of June 30, 2026, the largest Sunrun Inc. (RUN) holders among the 13F filers tracked by SignalX were BlackRock ($553.5 million), Goldman Sachs Group ($256.7 million), Vanguard Portfolio Management LLC ($183.0 million), State Street Corp ($140.3 million), Vanguard Capital Management LLC ($138.1 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was RUN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Sunrun Inc. (RUN) reported revenue of $3.0 billion (up 45.1% from FY2024) and net income of $449.9 million. Diluted EPS was $1.71. The figures come from the XBRL data in the 10-K.
What are the main risks in RUN's latest 10-K?
In the 10-K filed February 26, 2026, Sunrun Inc. (RUN) flagged: Convertible senior notes $475M issued Feb 2024, maturity Mar 2030, reliance on outside financing for growth and capital deployment. Purchase commitments $2.0B photovoltaic modules, inverters, batteries through Q4 2025, cancelable without significant penalties. (AI summary of the Risk Factors section.)
What did RUN report in its latest 8-K?
Sunrun Inc. (RUN) filed an 8-K on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results covered quarter ended June 30, 2026.
What are the latest RUN SEC filings?
Sunrun Inc. (RUN) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 5, 2026 and a Form 4 insider filing on August 4, 2026.
What is RUN's SEC CIK number?
Sunrun Inc. (RUN)'s SEC Central Index Key (CIK) is 1469367. EDGAR lists every RUN filing under that number.
Ask anything about RUN
The research agent reads RUN's filings, financials, insider trades and 13F holders, then answers with sources.