RUN Sunrun Inc.

Q3 2025 10-Q
Filed: Nov 6, 2025Period ending Sep 30, 2025
Information Technology
Miscellaneous Electrical Machinery, Equipment & SuppliesSEC EDGAR

Sunrun Inc. (RUN) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Risk Factors

  • New risk: OBBB law (July 2025) alters tax credit availability, adding "Prohibited Foreign Entity" restrictions, shortening Section 48E credit for solar to 2027, ending Section 25D credit in 2026
  • Updated regulatory risk: California’s Net Billing Tariff (April 2023) reduces financial credits, causing originations below prior levels; risk of continued decline in the largest market (45% customer base)
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Quarterly Financial Summary
XBRL

Revenue

$725M

Net Income

$17M

Operating Margin

0.5%

Net Margin

2.3%

ROE

0.6%

Total Assets

$22.2B

Source: XBRL data from Sunrun Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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