Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $477M | $533M | $760M | $859M | $922M | $1.61B | $2.32B | $2.26B | $2.04B | $2.96B |
| Revenue growth | — | 11.6% | 42.7% | 13.0% | 7.4% | 74.6% | 44.2% | -2.7% | -9.8% | 45.1% |
| Operating income | -$192M | -$181M | -$122M | -$216M | -$465M | -$666M | -$662M | -$1.98B | -$3.70B | -$126M |
| Operating margin | -40.3% | -34.0% | -16.0% | -25.1% | -50.4% | -41.4% | -28.5% | -87.6% | -181.3% | -4.3% |
| Net income | $75.1M | $125M | $26.7M | $26.3M | -$173M | -$79.4M | $173M | -$1.60B | -$2.85B | $450M |
| Net margin | 15.7% | 23.6% | 3.5% | 3.1% | -18.8% | -4.9% | 7.5% | -71.0% | -139.7% | 15.2% |
| EPS (diluted) | $0.72 | $1.16 | $0.23 | $0.21 | -$1.24 | -$0.39 | $0.80 | -$7.41 | -$12.81 | $1.71 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$200M | -$96.1M | -$62.5M | -$204M | -$318M | -$817M | -$849M | -$821M | -$766M | -$421M |
| Capital expenditures | $12.5M | $7.96M | $4.95M | $25.3M | $3.10M | $8.58M | $18.2M | $21.0M | $1.57M | — |
| Free cash flow | -$213M | -$104M | -$67.4M | -$230M | -$321M | -$826M | -$867M | -$842M | -$768M | — |
| Share buybacks | — | $0.00 | $0.00 | $5.00M | $0.00 | $0.00 | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $224M | $242M | $304M | $363M | $708M | $850M | $953M | $988M | $947M | $1.24B |
| Total assets | $3.57B | $3.96B | $4.75B | $5.81B | $14.4B | $16.5B | $19.3B | $20.5B | $19.9B | $22.6B |
| Total liabilities | $2.51B | $2.60B | $3.34B | $4.17B | $7.09B | $8.91B | $11.1B | $13.5B | $15.7B | $17.6B |
| Long-term debt | $898M | $1.29B | $1.75B | $2.25B | $4.80B | $6.50B | $8.40B | $10.7B | $12.9B | $14.7B |
| Shareholders' equity | $673M | $882M | $949M | $965M | $6.08B | $6.25B | $6.71B | $5.23B | $2.55B | $3.13B |
| Retained earnings | $4.44M | $203M | $229M | $251M | $76.8M | -$2.58M | $171M | -$1.43B | -$4.28B | -$3.83B |
| Shares (wtd avg diluted) | 105M | 108M | 117M | 124M | 140M | 205M | 219M | 217M | 222M | 264M |
Every figure is extracted from Sunrun Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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