Sunrun Inc Net Assets
Sunrun Inc net assets. Based on the latest financial reports, Sunrun Inc (RUN) has net assets worth $5.21 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.36 Billion) and total liabilities ($18.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See how leveraged is Sunrun Inc's balance sheet to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.21 Billion |
| % of Total Assets | 22.29% |
| Annual Growth Rate | 25.31% |
| 5-Year Change | -34.18% |
| 10-Year Change | 369.26% |
| Growth Volatility | 94.77 |
Net Assets of Sunrun Inc (2013–2025)
Net assets of Sunrun Inc from 2013 to 2025. This chart illustrates how Sunrun Inc's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of Sunrun Inc to track the company's year-over-year net asset growth rate.
Annual Net Assets for Sunrun Inc (2013–2025)
The table below shows the annual net assets of Sunrun Inc from 2013 to 2025. For live market cap and overall valuation, see Sunrun Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.98 Billion | +19.69% |
| 2024-12-31 | $4.16 Billion | -39.77% |
| 2023-12-31 | $6.91 Billion | -15.47% |
| 2022-12-31 | $8.18 Billion | +8.01% |
| 2021-12-31 | $7.57 Billion | +3.89% |
| 2020-12-31 | $7.29 Billion | +345.02% |
| 2019-12-31 | $1.64 Billion | +16.25% |
| 2018-12-31 | $1.41 Billion | +9.25% |
| 2017-12-31 | $1.29 Billion | +21.44% |
| 2016-12-31 | $1.06 Billion | +31.66% |
| 2015-12-31 | $806.70 Million | +45.99% |
| 2014-12-31 | $552.57 Million | +66.25% |
| 2013-12-31 | $332.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunrun Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 32422.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Sunrun Inc Net Assets Breakdown (December 2025)
Sunrun Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.00K | 0.00% |
| Other Comprehensive Income | $63.10 Million | 2.01% |
| Other Components | $6.90 Billion | 220.25% |
| Total Equity | $3.13 Billion | 100.00% |
Sunrun Inc Competitors by Market Cap
The table below lists competitors of Sunrun Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
A10 Network
NYSE:ATEN
|
$1.82 Billion |
|
Vukile Property Fund Ltd
JSE:VKE
|
$1.82 Billion |
|
Trevi Therapeutics Inc
NASDAQ:TRVI
|
$1.82 Billion |
|
EcoRodovias Infraestrutura e Logística S.A
SA:ECOR3
|
$1.82 Billion |
|
Ams AG
SW:AMS
|
$1.82 Billion |
|
Nayax Ltd
NASDAQ:NYAX
|
$1.82 Billion |
|
Spectrum Brands Holdings Inc
NYSE:SPB
|
$1.82 Billion |
|
TBO Tek Ltd
NSE:TBOTEK
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunrun Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,554,207,000 to 3,132,484,000, a change of 578,277,000 (22.6%).
- Net income of 449,947,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 23,711,000.
- Other factors increased equity by 152,041,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $449.95 Million | +14.36% |
| Other Comprehensive Income | $-23.71 Million | -0.76% |
| Other Changes | $152.04 Million | +4.85% |
| Total Change | $- | 22.64% |
Book Value vs Market Value Analysis
This analysis compares Sunrun Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.66x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $2.08 | $7.62 | x |
| 2014-12-31 | $4.10 | $7.62 | x |
| 2015-12-31 | $10.06 | $7.62 | x |
| 2016-12-31 | $6.41 | $7.62 | x |
| 2017-12-31 | $7.50 | $7.62 | x |
| 2018-12-31 | $8.10 | $7.62 | x |
| 2019-12-31 | $7.79 | $7.62 | x |
| 2020-12-31 | $43.54 | $7.62 | x |
| 2021-12-31 | $30.49 | $7.62 | x |
| 2022-12-31 | $30.61 | $7.62 | x |
| 2023-12-31 | $24.14 | $7.62 | x |
| 2024-12-31 | $11.49 | $7.62 | x |
| 2025-12-31 | $11.55 | $7.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunrun Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.22%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 7.72x
- Recent ROE (14.36%) is above the historical average (-9.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -0.73% | -2.19% | 0.04x | 8.03x | $-17.70 Million |
| 2014 | -21.81% | -35.68% | 0.10x | 5.96x | $-103.34 Million |
| 2015 | -5.10% | -9.27% | 0.11x | 4.94x | $-83.65 Million |
| 2016 | 13.62% | 20.20% | 0.13x | 5.31x | $24.39 Million |
| 2017 | 15.34% | 23.51% | 0.13x | 4.84x | $43.33 Million |
| 2018 | 2.81% | 3.51% | 0.16x | 5.01x | $-68.21 Million |
| 2019 | 2.73% | 3.07% | 0.15x | 6.02x | $-70.14 Million |
| 2020 | -2.85% | -18.80% | 0.06x | 2.37x | $-781.19 Million |
| 2021 | -1.27% | -4.93% | 0.10x | 2.64x | $-704.90 Million |
| 2022 | 2.58% | 7.47% | 0.12x | 2.87x | $-497.44 Million |
| 2023 | -30.68% | -71.00% | 0.11x | 3.91x | $-2.13 Billion |
| 2024 | -111.43% | -139.67% | 0.10x | 7.79x | $-3.10 Billion |
| 2025 | 14.36% | 15.22% | 0.12x | 7.72x | $136.70 Million |
Industry Comparison
This section compares Sunrun Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,384,336,275
- Average return on equity (ROE) among peers: -47.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunrun Inc (RUN) | $5.21 Billion | -0.73% | 3.49x | $1.82 Billion |
| Array Technologies Inc (ARRY) | $0.00 | 0.00% | 0.00x | $520.87 Million |
| Ascent Solar Technologies, Inc. (ASTI) | $146.57 Million | -21.31% | 0.09x | $18.16 Million |
| Beam Global (BEEM) | $6.44K | -210.46% | 0.88x | $17.47 Million |
| Canadian Solar Inc (CSIQ) | $2.13 Billion | 4.48% | 2.47x | $658.34 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $13.63 Million | -124.20% | 0.54x | $4.22 Billion |
| First Solar Inc (FSLR) | $7.98 Billion | 16.20% | 0.52x | $18.78 Billion |
| FTC Solar Inc (FTCI) | $66.45 Million | -149.91% | 1.02x | $24.12 Million |
| iSun, Inc. (ISUNQ) | $-53.81K | 0.00% | 0.00x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $33.53 Billion | 10.28% | 3.05x | $419.93 Million |
About Sunrun Inc
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. The company sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. It offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes. Its primary cust… Read more