Sunrun posts Q3 net income of $16.6 million on $481.3 million revenue
Reuters
Nov 07
Sunrun posts Q3 net income of $16.6 million on $481.3 million revenue
Sunrun Inc. reported third quarter 2025 financial results with aggregate subscriber value reaching $1.6 billion, a 10% increase year-over-year. Contracted net value creation was $279 million, up 35% over the same period last year. Total cost of revenue was $481.3 million, an 11% increase year-over-year, while total operating expenses rose 8% to $720.9 million. Net income attributable to common stockholders was $16.6 million, or $0.07 per basic share and $0.06 per diluted share. The company reported a net change in cash and restricted cash of $144 million and cash generation of $108 million in the quarter, marking the sixth consecutive quarter of positive cash generation. Sunrun reiterated its 2025 cash generation guidance midpoint at $350 million, within a range of $250 million to $450 million. Customer additions with storage grew 20% compared to the prior-year period, with a storage attachment rate of 70%, up from 60% last year. Sunrun installed over 217,000 storage and solar systems, totaling approximately 3.7 gigawatt hours of networked storage capacity. The company raised about $1.4 billion in senior non-recourse debt through securitizations in the quarter and has raised approximately $2.8 billion in non-recourse debt year-to-date.
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