Quarterly ResultMay 6, 2026, 04:15 PM
Sunrun Q1 Net Income $167.6M, EPS $0.71; Subscriber Value $1.1B
AI Summary
Sunrun Inc. announced its first quarter 2026 financial results, reporting a significant increase in net income attributable to common stockholders to $167.6 million, or $0.71 per basic share. Total revenue grew 43% year-over-year to $722.2 million. Despite these gains, Aggregate Subscriber Value decreased to $1.1 billion and Contracted Net Value Creation fell to $108 million, with Cash Generation being negative $59 million due to a shift in project finance timing. The company highlighted a record 73% storage attachment rate and reiterated its full-year 2026 Cash Generation guidance of $250 million to $450 million.
Key Highlights
- Sunrun reported Q1 2026 net income attributable to common stockholders of $167.6 million, up from $50.011 million YoY.
- Basic earnings per share (EPS) for Q1 2026 was $0.71, compared to $0.22 in Q1 2025.
- Total revenue increased 43% year-over-year to $722.2 million in Q1 2026.
- Aggregate Subscriber Value reached $1.1 billion in Q1, a 13% decrease compared to Q1 2025.
- Contracted Net Value Creation was $108 million in Q1, a 34% decrease from Q1 2025.
- The Storage Attachment Rate hit a record 73% in Q1, up from 69% in the prior-year period.
- The company paid down $92 million of recourse debt in Q1 2026.
- Sunrun reiterated its full-year 2026 Cash Generation guidance of $250 million to $450 million.
Price Impact
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