Sunrun reported Q4 2025 revenue of USD 1.2 billion (+124%), including customer agreements and incentives revenue of USD 466.5 million (+20%) and energy systems and product sales revenue of USD 692.3 million (up 5.3x), driven primarily by a transaction to sell certain storage and solar systems tied to newly originated customer agreements to a third party. Net income attributable to common stockholders was USD 103.6 million in Q4 2025, with net change in cash and restricted cash of USD 81.2 million and Cash Generation of USD 187.0 million. For FY 2025, Sunrun posted revenue of USD 3.0 billion (+45%) and net income attributable to common stockholders of USD 449.9 million, alongside net change in cash and restricted cash of USD 289.6 million and Cash Generation of USD 377.0 million. Operationally, Q4 2025 subscriber additions were 25,475 (-17%), ending the year with 997,280 subscribers (+12%). Storage attachment rate reached a record 71% in Q4 (from 62%), and Sunrun said it has installed more than 237,000 storage-plus-solar systems representing about 4.0 gigawatt-hours of networked storage capacity. In Q4, Sunrun repaid USD 81.0 million of parent recourse debt, and it said it has no recourse debt maturities until March 2028. The company also highlighted a joint venture with Hannon Armstrong providing up to USD 500.0 million of structured equity investment over 18 months, and a multi-year Texas partnership with NRG to support a 1 GW virtual power plant goal by 2035. Sunrun said it ended Q4 with more than 106,000 customers enrolled across 18 distributed power plant programs after scaling enrollment fivefold in 2025. For FY 2026, Sunrun guided for Cash Generation of USD 250.0 million to USD 450.0 million, Aggregate Subscriber Value of USD 4.8 billion to USD 5.2 billion, and Contracted Net Value Creation of USD 650.0 million to USD 1.1 billion; for Q1 2026 it expects Aggregate Subscriber Value of USD 850.0 million to USD 950.0 million and Contracted Net Value Creation of USD 25.0 million to USD 125.0 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SunRun Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602261601PRIMZONEFULLFEED9662483) on February 26, 2026, and is solely responsible for the information contained therein.