RUN Sunrun Inc. - Common Stock
About Sunrun Inc. - Common Stock Company overview from Wikipedia
Sunrun Inc. is an American provider of photovoltaic systems and battery energy storage products headquartered in San Francisco, California.
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Sunrun Inc. is an American provider of photovoltaic systems and battery energy storage products headquartered in San Francisco, California.
History
Early history (2007–2014)
Sunrun was founded in January 2007 by Lynn Jurich, Ed Fenster, and Nat Kreamer, with Jurich and Fenster having met as classmates at Stanford Graduate School of Business. Sunrun introduced a "solar-as-a-service" model under which the company would own and maintain the rooftop equipment while customers paid for the electricity generated through long-term contracts, removing the upfront installation cost associated with residential solar power.
In June 2008, Sunrun raised $12 million in venture capital funding from a group of investors including Foundation Capital. In 2009, Sunrun closed a Series B round of funding for $18 million led by Accel Partners and joined by Foundation Capital. The company also received an additional commitment of $90 million in tax equity from U.S. Bancorp in 2009, following the $105 million in project financing from the bank in 2008. In June 2010, Sunrun struck a deal with PG&E for $100 million. Following the deal, the company announced $55 million in fresh capital from Sequoia Capital. In May 2014, the company raised $150 million.
In 2014, Sunrun acquired the residential division of REC Solar, wholesale distributor AEE Solar, and racking hardware manufacturer SnapNrack from Mainstream Energy Corporation.
Listing, federal investigations, and shareholder litigation (2015–2019)
In 2015, Sunrun went public on the Nasdaq stock exchange at $14 per share, with an initial market capitalization of $1.36 billion. Also, in 2015, launched its BrightBox battery energy storage product in Hawaii and expanded it to California the following year.
In May 2017, the Wall Street Journal reported that the Securities and Exchange Commission (SEC) had issued a subpoena to Sunrun and was investigating whether the company had adequately disclosed customer cancellations of residential solar contracts, a metric viewed as a gauge of company performance. On May 22, 2017, the Wall Street Journal published a follow-up article in which former Sunrun sales managers alleged that, in the period leading up to the August 2015 IPO, they had been instructed by superiors to delay processing of customer cancellations and that one manager had altered cancellation dates within Sunrun's sales system to make it appear cancellations had not yet occurred. By 2017, cancellations of contracts with Sunrun reached 40%.
In 2017, multiple securities class actions were filed against Sunrun and its officers in federal court in California and consolidated as In re Sunrun Inc. Securities Litigation. A related shareholder action filed in the Superior Court of California for the County of San Mateo under the case caption In re Sunrun Inc. Shareholder Litigation was subsequently settled.
In December 2018, documents released under the Freedom of Information Act indicated that on June 5, 2017, the Federal Bureau of Investigation had opened a separate corporate fraud investigation into Sunrun at the request of the United States Department of Justice, following a referral by the United States Attorney's Office for the Northern District of California.
Vivint Solar acquisition, impairment charge, and Muddy Waters Research (2020–2023)
In 2020, Sunrun acquired Vivint Solar for $3.2 billion. In 2023, the company recorded a non-cash goodwill impairment charge of US$1.2 billion related to its acquisition of Vivint Solar, writing down goodwill from US$4.3 billion to US$3.1 billion.
In October 2023, the short-seller Muddy Waters Research published a report alleging that Sunrun had "greatly exaggerated" its non-GAAP subscriber numbers for years and had claimed and sold tax credits based on inflated counts, with potential excess investment tax credits estimated at US$200 million for the 2022 tax year alone. Sunrun rejected the allegations, stating that the data the short-seller used from the U.S. Energy Information Administration was not comparable to its reported subscriber counts because EIA data excludes solar systems not yet operational or in active billing. Following publication, Glancy Prongay & Murray announced a securities investigation on behalf of Sunrun investors.
State attorney general investigations and lawsuits (2024–2026)
In July 2024, Connecticut Attorney General William Tong filed a consumer protection lawsuit in Hartford Superior Court against Sunrun Inc., Sunrun Installation Services, Bright Planet Solar, Elevate Solar Solutions and two named salespersons alleging deceptive, unfair and unlawful sales practices in violation of the Connecticut Unfair Trade Practices Act and Home Improvement Act, including forged customer signatures, voice impersonation of consumers on confirmation calls, unpermitted installations, non-functional systems and undisclosed price-escalation clauses in long-term solar contracts. The complaint sought restitution for affected consumers, disgorgement of profits, civil penalties, and injunctive relief. In March 2026, Tong announced that the suit against Sunrun remained pending alongside related actions against other solar industry companies.
From 2023 to 2025, Sunrun had been the focus of at least 170 consumer complaints filed with the Massachusetts Attorney General's Consumer Advocacy & Response Division, more than any other solar company in the state during that period.
In April 2026, Texas Attorney General Ken Paxton issued civil investigative demands to Sunrun and three other residential solar installers, Freedom Forever, Lone Star Solar Services and CAM Solar, as part of a broader initiative examining alleged violations of the Texas Deceptive Trade Practices–Consumer Protection Act, including misrepresentations of energy bill savings, system efficacy, equipment installation, and contract terms.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
RUN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
RUN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
RUN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 10.7%
- Buy 13 46.4%
- Hold 11 39.3%
- Sell 1 3.6%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.42 | $0.23 | 0.19% |
| March 31, 2026 | $0.62 | $-0.02 | 0.64% |
| Dec. 31, 2025 | $0.38 | $-0.05 | 0.43% |
| Sept. 30, 2025 | $0.06 | $0.02 | 0.04% |
| June 30, 2025 | $1.07 | $-0.22 | 1.3% |
| March 31, 2025 | $0.20 | $-0.29 | 0.49% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RUN | $4.30B | 10.8 | 45.1% | 15.2% | 15.8% | — |
| ENS | $6.33B | 22.6 | 3.7% | 7.8% | 15.4% | 29.3% |
| ST | — | 158.5 | -5.8% | 0.84% | 1.1% | — |
| ATKR | $2.11B | -139.4 | -11.0% | -0.53% | -1.1% | 23.7% |
| PLUG | — | -1.4 | 12.9% | -229.8% | -120.3% | -34.1% |
| FLNC | — | -29.2 | -16.2% | -2.1% | -10.7% | 13.1% |
| PLPC | $1.01B | 29.0 | 12.7% | 5.3% | 7.9% | 31.2% |
| ALNT | $910M | 40.7 | 4.6% | 4.0% | 7.5% | 32.8% |
| FCEL | $412M | -1.2 | 41.0% | -118.8% | -28.5% | — |
| AMPX | $1.06B | -22.5 | 202.1% | -60.3% | -48.8% | 11.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $2.04B | $2.26B | $2.32B | $1.61B | $922M | $859M | $760M | $533M | $477M | $305M | $199M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $254M | $239M | $169M | $101M | |
| R&D Expense | $36M | $39M | $22M | $21M | $23M | $20M | $24M | $19M | $15M | $10M | $10M | $8M | |
| SG&A Expense | $278M | $245M | $221M | $195M | $265M | $267M | $125M | $117M | $107M | $92M | $84M | $68M | |
| Operating Expenses | $3.08B | $5.73B | $4.24B | $2.98B | $2.28B | $1.39B | $1.07B | $882M | $714M | $669M | $524M | $331M | |
| Operating Income | $-126M | $-3.70B | $-1.98B | $-662M | $-666M | $-465M | $-216M | $-122M | $-181M | $-192M | $-219M | $-133M | |
| Other Non-op | $-53M | $162M | $-64M | $261M | $23M | $8M | $-9M | $-3M | $-2M | $840.0K | $-2M | $-3M | |
| Pretax Income | $-1.18B | $-4.38B | $-2.70B | $-847M | $-971M | $-688M | $-399M | $-251M | $-275M | $-265M | $-254M | $-168M | |
| Income Tax | $-167M | $-27M | $-13M | $2M | $9M | $-61M | $-8M | $9M | $12M | $56M | $-5M | $-10M | |
| Net Income | $450M | $-2.85B | $-1.60B | $173M | $-79M | $-173M | $26M | $27M | $125M | $75M | $-28M | $-71M | |
| EPS (Basic) | $1.96 | $-12.81 | $-7.41 | $0.82 | $-0.39 | $-1.24 | $0.23 | $0.24 | $1.19 | $0.73 | $-0.96 | $-3.11 | |
| EPS (Diluted) | $1.71 | $-12.81 | $-7.41 | $0.80 | $-0.39 | $-1.24 | $0.21 | $0.23 | $1.16 | $0.72 | $-0.96 | $-3.11 | |
| Shares (Basic) | 229,809,000 | 222,215,000 | 216,642,000 | 211,347,000 | 205,132,000 | 139,606,000 | 116,397,000 | 110,089,000 | 105,432,000 | 102,367,000 | 55,091,000 | 22,795,000 | |
| Shares (Diluted) | 264,465,000 | 222,215,000 | 216,642,000 | 219,157,000 | 205,132,000 | 139,606,000 | 123,876,000 | 117,112,000 | 108,206,000 | 104,964,000 | 55,091,000 | 22,795,000 | |
| EBITDA | $-88M | $-3.65B | $-1.95B | $-635M | $-643M | $-445M | $-193M | $-101M | $-163M | $-196M | $-208M | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $823M | $575M | $679M | $741M | $618M | $520M | $270M | $227M | $203M | $206M | $204M | $152M | |
| Receivables | $263M | $171M | $172M | $214M | $146M | $95M | $78M | $66M | $66M | $60M | $60M | $43M | |
| Inventory | $501M | $402M | $460M | $784M | $507M | $283M | $261M | $79M | $94M | $67M | $71M | $24M | |
| Prepaid Expense | $155M | $203M | $263M | $147M | $45M | $51M | $32M | $9M | $9M | $10M | $6M | $10M | |
| Other Current Assets | · | · | · | · | · | · | · | · | $0 | $10.0K | $19.0K | $1M | |
| Current Assets | $2.16B | $1.72B | $1.88B | $2.10B | $1.55B | $1.14B | $734M | $461M | $417M | $369M | $360M | $237M | |
| PP&E (Net) | · | · | · | · | · | $62M | $57M | $35M | $36M | $48M | $45M | $22M | |
| PP&E (Gross) | · | · | · | · | · | $158M | $144M | $110M | $92M | $86M | $66M | $33M | |
| Accum. Depreciation | · | · | · | · | · | $96M | $87M | $75M | $55M | $38M | $22M | $11M | |
| Goodwill | $0 | $0 | $3.12B | $4.28B | $4.28B | $4.28B | $95M | $88M | $88M | $88M | $88M | $52M | |
| Intangibles | · | · | · | $8M | $13M | $18M | $20M | $10M | $14M | $18M | $23M | $13M | |
| Other Non-current Assets | $3.56B | $3.02B | $2.27B | $1.84B | $1.13B | $682M | $408M | $336M | $246M | $35M | $30M | $9M | |
| Total Assets | $22.61B | $19.90B | $20.45B | $19.27B | $16.48B | $14.38B | $5.81B | $4.75B | $3.96B | $3.57B | $2.73B | $1.93B | |
| Accounts Payable | $271M | $354M | $231M | $339M | $288M | $207M | $223M | $131M | $115M | $66M | $104M | $51M | |
| Current Liabilities | $1.30B | $1.33B | $1.49B | $1.16B | $1.01B | $901M | $530M | $372M | $311M | $245M | $252M | $151M | |
| Capital Leases | · | · | · | · | · | $86M | $36M | $14M | $6M | $13M | $15M | $6M | |
| Deferred Tax | $163M | $138M | $123M | $133M | $102M | $82M | $66M | $94M | $83M | $415M | $190M | · | |
| Other Non-current Liabilities | $156M | $120M | $191M | $140M | $190M | $269M | $141M | $48M | $43M | $5M | $7M | $2M | |
| Total Liabilities | $17.63B | $15.73B | $13.54B | $11.09B | $8.91B | $7.09B | $4.17B | $3.34B | $2.60B | $2.51B | $1.93B | $1.38B | |
| Long-term Debt | $14.70B | $12.90B | $10.67B | $8.40B | $6.50B | $4.80B | $2.25B | $1.75B | $1.29B | $898M | $535M | $239M | |
| Total Debt | · | · | · | · | · | · | $2.25B | $1.75B | $1.29B | $898M | $538M | · | |
| Common Stock | $23.0K | $23.0K | $22.0K | $21.0K | $21.0K | $20.0K | $12.0K | $11.0K | $11.0K | $10.0K | $10.0K | $2.0K | |
| Paid-in Capital | $6.90B | $6.75B | $6.61B | $6.47B | $6.33B | $6.11B | $766M | $722M | $683M | $668M | $642M | $384M | |
| Retained Earnings | $-3.83B | $-4.28B | $-1.43B | $171M | $-3M | $77M | $251M | $229M | $203M | $4M | $-87M | $-59M | |
| AOCI | $63M | $87M | $55M | $67M | $-73M | $-107M | $-53M | $-3M | $-4M | $437.0K | $-921.0K | · | |
| Stockholders' Equity | $3.13B | $2.55B | $5.23B | $6.71B | $6.25B | $6.08B | $965M | $949M | $882M | $673M | $554M | $325M | |
| Liabilities + Equity | $22.61B | $19.90B | $20.45B | $19.27B | $16.48B | $14.38B | $5.81B | $4.75B | $3.96B | $3.57B | $2.73B | $1.93B | |
| Shares Outstanding | 233,612,000 | 225,662,000 | 219,392,000 | 214,184,000 | 208,176,000 | 201,406,000 | 118,451,000 | 113,149,000 | 104,321,000 | 104,321,000 | 101,282,000 | 24,249,000 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $38M | $44M | $32M | $27M | $23M | $20M | $23M | $20M | $20M | $19M | $11M | $6M | |
| Stock-based Comp | $108M | $113M | $112M | $111M | $211M | $171M | $26M | $28M | $22M | $19M | $16M | $9M | |
| Deferred Tax | $-167M | $-27M | $-13M | $2M | $9M | $-59M | $-9M | $10M | $12M | $56M | $-5M | $-10M | |
| Amort. of Intangibles | · | · | · | $5M | $5M | $5M | $5M | $4M | $4M | $4M | $4M | $2M | |
| Other Non-cash | $-850M | $1.95B | $653M | $-1.16B | $-981M | $-276M | $-271M | $-148M | $-259M | $-316M | $-99M | · | |
| Operating Cash Flow | $-421M | $-766M | $-821M | $-849M | $-817M | $-318M | $-204M | $-62M | $-96M | $-200M | $-105M | $-8M | |
| CapEx | · | $2M | $21M | $18M | $9M | $3M | $25M | $5M | $8M | $13M | $13M | $15M | |
| Investing Cash Flow | $-2.50B | $-2.70B | $-2.61B | $-2.09B | $-1.69B | $-498M | $-843M | $-811M | $-777M | $-696M | · | · | |
| Stock Issued | · | · | · | $0 | $0 | $75M | $0 | $0 | · | · | · | · | |
| Stock Repurchased | · | · | · | · | $0 | $0 | $5M | $0 | $0 | · | · | · | |
| Net Stock Activity | · | · | · | $0 | $0 | $75M | $-5M | · | · | · | · | · | |
| Financing Cash Flow | $3.21B | $3.43B | $3.47B | $3.04B | $2.65B | $1.16B | $1.11B | $936M | $891M | $899M | · | · | |
| Net Change in Cash | $290M | $-40M | $35M | $103M | $142M | $345M | $59M | $63M | $17M | $3M | · | · | |
| Free Cash Flow | · | $-768M | $-842M | $-867M | $-826M | $-321M | $-230M | $-67M | $-69M | $-163M | $-118M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -4.3% | -181.3% | -87.6% | -28.5% | -41.4% | -50.4% | -25.1% | -16.0% | -34.4% | -47.3% | -72.0% | · | |
| Net Margin | 15.2% | -139.7% | -71.0% | 7.5% | -4.9% | -18.8% | 3.1% | 3.5% | 23.5% | 20.2% | -9.3% | · | |
| Pretax Margin | -39.8% | -215.1% | -119.3% | -36.5% | -60.3% | -74.6% | -46.5% | -33.0% | -48.1% | -58.9% | -83.5% | · | |
| EBITDA Margin | -3.0% | -179.2% | -86.2% | -27.4% | -40.0% | -48.3% | -22.5% | -13.4% | -30.7% | -43.2% | -68.3% | · | |
| ROA | 2.1% | -14.1% | -8.1% | 0.97% | -0.51% | -1.7% | 0.50% | 0.61% | 3.3% | 2.9% | -1.2% | · | |
| ROE | 15.8% | -73.1% | -26.9% | 2.7% | -1.3% | -4.9% | 2.8% | 2.9% | 16.8% | 14.9% | -6.4% | · | |
| ROIC | -3.5% | -143.8% | -37.6% | -9.9% | -10.8% | -7.0% | -6.6% | -4.7% | -9.7% | -15.5% | -19.7% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.3 | 1.3 | 1.8 | 1.5 | 1.3 | 1.4 | 1.2 | 1.3 | 1.5 | 1.4 | · | |
| Quick Ratio | 0.8 | 0.6 | 0.6 | 0.8 | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 | 1.1 | 1.0 | · | |
| Debt / Equity | · | · | · | · | · | · | 2.3 | 1.8 | 1.6 | 1.3 | 1.0 | · | |
| LT Debt / Equity | · | · | · | · | · | · | 2.3 | 1.8 | 1.6 | 1.3 | 1.0 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | · | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 3.1 | 3.5 | 3.5 | · | |
| Receivables Turnover | 13.6 | 11.9 | 11.7 | 12.9 | 13.4 | 10.7 | 11.9 | 11.4 | 7.8 | 7.5 | 5.9 | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 45.1% | -9.8% | -2.6% | 44.2% | 74.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.4% | 8.2% | 34.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 26.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 28.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 37.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.96B | $2.04B | $2.26B | $2.32B | $1.61B | $922M | $859M | $760M | $533M | $477M | $305M | · | |
| Net Income TTM | $450M | $-2.85B | $-1.60B | $173M | $-79M | $-173M | $26M | $27M | $125M | $75M | $-28M | · | |
| Market Cap | $4.30B | $2.09B | $4.31B | $5.14B | $7.14B | $13.97B | $1.64B | $1.17B | $633M | $554M | $1.19B | · | |
| Enterprise Value | · | · | · | · | · | · | $3.62B | $2.69B | $1.73B | $1.25B | $1.53B | · | |
| P/E | 10.8 | -0.7 | -2.6 | 30.0 | -87.9 | -56.0 | 65.8 | 47.3 | 5.1 | 7.4 | -12.3 | · | |
| P/S | 1.5 | 1.0 | 1.9 | 2.2 | 4.4 | 15.2 | 1.9 | 1.5 | 1.2 | 1.2 | 3.9 | · | |
| P/B | 1.4 | 0.8 | 0.8 | 0.8 | 1.1 | 2.3 | 1.7 | 1.2 | 0.8 | 0.8 | 2.2 | · | |
| P / Tangible Book | 1.4 | 0.8 | 2.0 | 2.1 | 3.6 | 7.9 | · | · | · | · | · | · | |
| P / Cash Flow | -10.2 | -2.7 | -5.2 | -6.1 | -8.7 | -43.9 | -8.0 | -18.7 | -10.4 | -3.7 | -11.3 | · | |
| P / FCF | · | -2.7 | -5.1 | -5.9 | -8.6 | -43.5 | -7.1 | -17.3 | -9.2 | -3.4 | -10.1 | · | |
| EV / EBITDA | · | · | · | · | · | · | -18.7 | -26.5 | -10.6 | -6.4 | -7.3 | · | |
| EV / FCF | · | · | · | · | · | · | -15.8 | -39.9 | -25.0 | -7.6 | -12.9 | · | |
| EV / Revenue | · | · | · | · | · | · | 4.2 | 3.5 | 3.2 | 2.6 | 5.0 | · | |
| Earnings Yield | 9.3% | -138.5% | -37.8% | 3.3% | -1.1% | -1.8% | 1.5% | 2.1% | 19.7% | 13.6% | -8.2% | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $870M | $722M | $1.16B | $725M | $569M | $504M | $518M | $537M | $524M | $458M | $517M | $563M | $590M | $590M | $609M | $632M | |
| R&D Expense | $10M | $10M | $9M | $9M | $8M | $10M | $9M | $8M | $10M | $12M | $8M | $5M | $5M | $5M | $4M | $4M | |
| SG&A Expense | $93M | $75M | $83M | $66M | $72M | $58M | $72M | $61M | $61M | $51M | $57M | $53M | $57M | $53M | $54M | $47M | |
| Operating Expenses | $835M | $766M | $1.06B | $721M | $682M | $619M | $3.77B | $665M | $652M | $641M | $714M | $1.91B | $796M | $818M | $798M | $768M | |
| Operating Income | $35M | $-44M | $97M | $4M | $-112M | $-115M | $-3.26B | $-128M | $-128M | $-183M | $-198M | $-1.35B | $-206M | $-228M | $-189M | $-136M | |
| Other Non-op | $17M | $17M | $24M | $-18M | $-15M | $-45M | $90M | $-83M | $64M | $90M | $-158M | $78M | $41M | $-25M | $-3M | $98M | |
| Pretax Income | $-212M | $-290M | $-135M | $-280M | $-374M | $-388M | $-3.40B | $-426M | $-271M | $-285M | $-537M | $-1.44B | $-322M | $-395M | $-326M | $-156M | |
| Income Tax | $-4M | $7M | $40M | $-2M | $-95M | $-111M | $136.0K | $-14M | $-11M | $-2M | $-2M | $30M | $19M | $-60M | $2M | $0 | |
| Net Income | $115M | $168M | $104M | $17M | $280M | $50M | $-2.81B | $-84M | $139M | $-88M | $-350M | $-1.07B | $55M | $-240M | $63M | $211M | |
| EPS (Basic) | $0.48 | $0.71 | $0.45 | $0.07 | $1.22 | $0.22 | $-12.67 | $-0.37 | $0.63 | $-0.40 | $-1.63 | $-4.92 | $0.26 | $-1.12 | $0.31 | $0.99 | |
| EPS (Diluted) | $0.42 | $0.62 | $0.38 | $0.06 | $1.07 | $0.20 | $-12.59 | $-0.37 | $0.55 | $-0.40 | $-1.62 | $-4.92 | $0.25 | $-1.12 | $0.32 | $0.96 | |
| Shares (Basic) | 238,997,000 | 234,576,000 | -456,744,000 | 230,980,000 | 229,167,000 | 226,406,000 | -443,836,000 | 223,695,000 | 222,474,000 | 219,882,000 | -431,267,000 | 217,344,000 | 216,017,000 | 214,548,000 | -421,153,000 | 212,696,000 | |
| Shares (Diluted) | 273,999,000 | 272,345,000 | -522,071,000 | 267,473,000 | 261,152,000 | 257,911,000 | -476,469,000 | 223,695,000 | 255,107,000 | 219,882,000 | -437,099,000 | 217,344,000 | 221,849,000 | 214,548,000 | -421,497,000 | 220,850,000 | |
| EBITDA | $35M | $-44M | · | $4M | $-112M | $-115M | · | $-128M | $-128M | $-183M | · | $-1.35B | $-206M | $-228M | · | $-136M |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $712M | $680M | $823M | $709M | $618M | $605M | $575M | $534M | $708M | $487M | $679M | $644M | $669M | $629M | $741M | $672M | |
| Receivables | $235M | $233M | $263M | $248M | $187M | $172M | $171M | $183M | $180M | $170M | · | $189M | $215M | $219M | · | $219M | |
| Inventory | $650M | $490M | $501M | $570M | $491M | $414M | $402M | $342M | $353M | $412M | · | $662M | $792M | $888M | · | $589M | |
| Prepaid Expense | $145M | $154M | $155M | $97M | $96M | $102M | $203M | $67M | $101M | $306M | · | $126M | $155M | $135M | · | $116M | |
| Current Assets | $2.17B | $1.97B | $2.16B | $2.07B | $1.79B | $1.67B | $1.72B | $1.60B | $1.68B | $1.67B | · | $1.93B | $2.08B | $2.08B | · | $1.88B | |
| Goodwill | · | · | $0 | · | · | · | $0 | $3.12B | $3.12B | $3.12B | $3.12B | $3.12B | $4.28B | $4.28B | $4.28B | $4.28B | |
| Intangibles | · | · | · | · | · | · | · | · | · | · | · | $1M | $5M | $6M | · | $9M | |
| Other Non-current Assets | $3.89B | $3.71B | $3.56B | $3.47B | $3.28B | $3.10B | $3.02B | $2.82B | $2.65B | $2.46B | · | $2.32B | $2.08B | $1.91B | · | $1.76B | |
| Total Assets | $23.36B | $22.77B | $22.61B | $22.23B | $21.23B | $20.38B | $19.90B | $22.10B | $21.44B | $20.83B | · | $20.03B | $20.49B | $19.73B | · | $18.57B | |
| Accounts Payable | $321M | $343M | $271M | $337M | $280M | $269M | $354M | $244M | $217M | $287M | · | $296M | $329M | $346M | · | $275M | |
| Current Liabilities | $1.52B | $1.36B | $1.30B | $1.42B | $1.27B | $1.26B | $1.33B | $1.09B | $1.01B | $1.27B | · | $1.42B | $1.42B | $1.15B | · | $1.08B | |
| Deferred Tax | $199M | $199M | $163M | $124M | $71M | $98M | $138M | $115M | $112M | $122M | · | $137M | $91M | $63M | · | $123M | |
| Other Non-current Liabilities | $188M | $152M | $156M | $169M | $168M | $121M | $120M | $212M | $152M | $147M | · | $138M | $143M | $170M | · | $141M | |
| Total Liabilities | $18.15B | $17.81B | $17.63B | $17.58B | $16.78B | $16.28B | $15.73B | $15.07B | $14.39B | $14.08B | · | $12.95B | $12.30B | $11.56B | · | $10.51B | |
| Long-term Debt | $15.16B | $14.80B | $14.70B | $14.63B | $14.04B | $13.57B | $12.90B | $12.45B | $11.96B | $11.15B | · | $10.24B | $9.60B | $8.93B | · | $7.99B | |
| Common Stock | $24.0K | $24.0K | $23.0K | $23.0K | $23.0K | $23.0K | $23.0K | $22.0K | $22.0K | $22.0K | · | $22.0K | $22.0K | $21.0K | · | $21.0K | |
| Paid-in Capital | $6.97B | $6.94B | $6.90B | $6.87B | $6.82B | $6.78B | $6.75B | $6.71B | $6.65B | $6.61B | · | $6.58B | $6.55B | $6.51B | · | $6.43B | |
| Retained Earnings | $-3.55B | $-3.66B | $-3.83B | $-3.93B | $-3.95B | $-4.23B | $-4.28B | $-1.47B | $-1.38B | $-1.52B | · | $-1.08B | $-14M | $-70M | · | $108M | |
| AOCI | $69M | $64M | $63M | $50M | $53M | $61M | $87M | $37M | $95M | $88M | · | $119M | $65M | $32M | · | $78M | |
| Stockholders' Equity | $3.49B | $3.34B | $3.13B | $2.98B | $2.93B | $2.62B | $2.55B | $5.28B | $5.37B | $5.18B | · | $5.61B | $6.60B | $6.47B | · | $6.62B | |
| Liabilities + Equity | $23.36B | $22.77B | $22.61B | $22.23B | $21.23B | $20.38B | $19.90B | $22.10B | $21.44B | $20.83B | · | $20.03B | $20.49B | $19.73B | · | $18.57B | |
| Shares Outstanding | 240,126,000 | 235,512,000 | 233,612,000 | 231,605,000 | 230,321,000 | 227,325,000 | 225,662,000 | 224,087,000 | 223,298,000 | 220,672,000 | 219,392,000 | 217,714,000 | 217,044,000 | 215,166,000 | 214,184,000 | 212,954,000 |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $193M | $190M | $184M | $182M | $190M | $170M | $162M | $156M | $152M | $151M | $143M | $139M | $127M | $123M | $119M | $119M | |
| Stock-based Comp | $21M | $26M | $28M | $30M | $25M | $25M | $29M | $27M | $28M | $29M | $28M | $28M | $28M | $28M | $22M | $23M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | $5M | $1M | $1M | · | $1M | |
| Operating Cash Flow | $-186M | $11M | $97M | $-122M | $-293M | $-104M | $-258M | $-156M | $-209M | $-143M | $-116M | $-63M | $-202M | $-439M | $-305M | $-90M | |
| CapEx | · | · | · | · | · | · | · | $202.0K | · | · | · | $5M | $8M | $4M | $7M | $7M | |
| Investing Cash Flow | $-449M | $-429M | $-409M | $-744M | $-693M | $-655M | $-792M | $-764M | $-609M | $-535M | $-661M | $-741M | $-700M | $-510M | $-519M | $-547M | |
| Financing Cash Flow | $682M | $270M | $393M | $1.01B | $1.02B | $791M | $988M | $889M | $1.08B | $474M | $813M | $836M | $980M | $840M | $820M | $730M | |
| Net Change in Cash | $47M | $-148M | $81M | $144M | $33M | $31M | $-63M | $-32M | $259M | $-205M | $36M | $31M | $78M | $-110M | $-3M | $93M | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | · | · | · | $-443M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.0% | -6.0% | · | 0.50% | -19.7% | -22.8% | · | -23.8% | -24.4% | -40.0% | · | -239.3% | -34.9% | -38.6% | · | -21.6% | |
| Net Margin | 13.2% | 23.2% | · | 2.3% | 49.1% | 9.9% | · | -15.6% | 26.6% | -19.2% | · | -189.9% | 9.4% | -40.8% | · | 33.3% | |
| Pretax Margin | -24.4% | -40.2% | · | -38.6% | -65.7% | -76.9% | · | -79.3% | -51.7% | -62.3% | · | -255.9% | -54.6% | -67.0% | · | -24.6% | |
| EBITDA Margin | 4.0% | -6.0% | · | 0.50% | -19.7% | -22.8% | · | -23.8% | -24.4% | -40.0% | · | -239.3% | -34.9% | -38.6% | · | -21.6% | |
| ROA | 0.52% | 0.78% | · | 0.07% | 1.3% | 0.24% | · | -0.40% | 0.66% | -0.43% | · | -5.5% | 0.29% | -1.3% | · | 1.2% | |
| ROE | 3.6% | 5.6% | · | 0.40% | 6.8% | 1.3% | · | -1.5% | 2.3% | -1.5% | · | -17.5% | 0.86% | -3.8% | · | 3.3% | |
| ROIC | 0.98% | -1.3% | · | 0.12% | -2.9% | -3.1% | · | -2.3% | -2.3% | -3.5% | · | -24.5% | -3.3% | -3.0% | · | -2.1% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | 1.4 | · | 1.5 | 1.4 | 1.3 | · | 1.5 | 1.7 | 1.3 | · | 1.4 | 1.5 | 1.8 | · | 1.7 | |
| Quick Ratio | 0.6 | 0.7 | · | 0.7 | 0.6 | 0.6 | · | 0.7 | 0.9 | 0.5 | · | 0.6 | 0.6 | 0.7 | · | 0.8 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 4.1 | 3.6 | · | 3.4 | 3.1 | 3.0 | · | 2.9 | 2.7 | 2.4 | · | 2.8 | 2.7 | 2.8 | · | 3.2 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.89B | $2.52B | · | $2.34B | $2.13B | $2.02B | · | $2.08B | $2.14B | $2.20B | · | $2.38B | $2.40B | $2.30B | · | $2.15B | |
| Net Income TTM | $579M | $514M | · | $263M | $385M | $18M | · | $-1.10B | $-963M | $-1.34B | · | $-1.04B | $13M | $-130M | · | $134M | |
| Market Cap | $3.21B | $3.19B | · | $4.00B | $1.88B | $1.33B | · | $4.05B | $2.65B | $2.91B | · | $2.73B | $3.88B | $4.34B | · | $5.88B | |
| P/E | 6.2 | 7.0 | · | 18.0 | 5.6 | -293.0 | · | -3.5 | -2.6 | -2.1 | · | -2.6 | 595.3 | -31.5 | · | 46.8 | |
| P/S | 1.1 | 1.3 | · | 1.7 | 0.9 | 0.7 | · | 1.9 | 1.2 | 1.3 | · | 1.2 | 1.6 | 1.9 | · | 2.7 | |
| P/B | 0.9 | 1.0 | · | 1.3 | 0.6 | 0.5 | · | 0.8 | 0.5 | 0.6 | · | 0.5 | 0.6 | 0.7 | · | 0.9 | |
| P / Tangible Book | 0.9 | 1.0 | · | 1.3 | 0.6 | 0.5 | · | 1.9 | 1.2 | 1.4 | · | 1.1 | 1.7 | 2.0 | · | 2.5 | |
| P / Cash Flow | · | 300.6 | · | · | · | -12.8 | · | · | · | -20.3 | · | · | · | -9.9 | · | · | |
| P / FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | -9.8 | · | · | |
| Earnings Yield | 16.2% | 14.4% | · | 5.5% | 17.7% | -0.34% | · | -28.5% | -38.1% | -47.0% | · | -38.5% | 0.17% | -3.2% | · | 2.1% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $2.96B | $2.04B | $2.26B | $2.32B | $1.61B |
| Operating Margin % | -4.3% | -181.3% | -87.6% | -28.5% | -41.4% |
| Net Income | $450M | $-2.85B | $-1.60B | $173M | $-79M |
| Diluted EPS | $1.71 | $-12.81 | $-7.41 | $0.80 | $-0.39 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.3 | 1.3 | 1.8 | 1.5 |
| Quick Ratio | 0.8 | 0.6 | 0.6 | 0.8 | 0.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-768M | $-842M | $-867M | $-826M |
Latest News Recent headlines mentioning this company
- What Sunrun Co-Founder's Sale of 50,000 Shares Means for Investors
- Sunrun Inc. Q1 Income Rises
- Sunrun (RUN) Price Target Lowered Amid Concerns Regarding Volumes and Cash Generation
- The Best 3 Renewable Energy Stocks to Buy and Hold for Decades
- This $9 Million Solar Bet Lands Amid an 82% Stock Surge and $3 Billion Revenue Year
- Morgan Stanley Maintains an Equal Weight Rating on Sunrun Inc. (RUN)
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Institutional owners (13F) 480 filers · $2.7B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 84 (+22 vs prior Q) | 53 (-16 vs prior Q) | 163 (+21 vs prior Q) | 121 (-30 vs prior Q) | +44.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | $213,436,198 | 15,951,883 | 7.77% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $183,023,762 | 13,678,906 | 6.66% | Shares |
| Greenvale Capital LLP | $178,009,942 | 13,304,181 | 6.48% | Shares |
| STATE STREET CORP | $140,264,213 | 10,483,125 | 5.11% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $138,077,292 | 10,319,678 | 5.03% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $107,102,645 | 8,004,682 | 3.90% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $87,527,143 | 6,541,640 | 3.19% | Shares |
| TWO SIGMA ADVISERS, LP | $74,957,828 | 4,073,795 | 2.73% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $73,858,917 | 5,518,916 | 2.69% | Shares |
| TWO SIGMA INVESTMENTS, LP | $67,512,978 | 5,045,813 | 2.46% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $66,371,249 | 4,960,482 | 2.42% | Shares |
| KGH Ltd | $60,125,000 | 6,500,000 | 2.19% | Put option |
| CITADEL ADVISORS LLC | $58,103,439 | 4,342,559 | 2.11% | Shares |
| Robeco Schweiz AG | $57,048,039 | 4,263,680 | 2.08% | Shares |
| Balyasny Asset Management L.P. | $52,524,836 | 3,925,623 | 1.91% | Shares |
| Maple Rock Capital Partners Inc. | $49,433,052 | 3,694,548 | 1.80% | Shares |
| JANE STREET GROUP, LLC | $39,509,802 | 2,952,900 | 1.44% | Call option |
| Amundi | $34,111,429 | 2,551,341 | 1.24% | Shares |
| CANYON CAPITAL ADVISORS LLC | $33,048,600 | 2,470,000 | 1.20% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $30,032,106 | 2,244,552 | 1.09% | Shares |
| BANK OF AMERICA CORP /DE/ | $27,401,892 | 2,047,974 | 1.00% | Shares |
| Balyasny Asset Management L.P. | $26,760,000 | 2,000,000 | 0.97% | Call option |
| CITADEL ADVISORS LLC | $25,947,834 | 1,939,300 | 0.94% | Call option |
| Caption Management, LLC | $25,838,118 | 1,931,100 | 0.94% | Call option |
| FMR LLC | $24,852,186 | 1,857,413 | 0.90% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $24,084,602 | 1,800,045 | 0.88% | Shares |
| UBS Group AG | $23,077,824 | 1,724,800 | 0.84% | Put option |
| Trexquant Investment LP | $22,931,380 | 1,713,855 | 0.83% | Shares |
| AMERICAN CENTURY COMPANIES INC | $21,858,170 | 1,633,645 | 0.80% | Shares |
| ARDSLEY ADVISORY PARTNERS LP | $21,408,000 | 1,600,000 | 0.78% | Shares |
| JANE STREET GROUP, LLC | $21,222,018 | 1,586,100 | 0.77% | Put option |
| VANGUARD FIDUCIARY TRUST CO | $20,965,430 | 1,566,923 | 0.76% | Shares |
| BARCLAYS PLC | $20,839,350 | 1,557,500 | 0.76% | Call option |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $18,811,049 | 1,405,908 | 0.68% | Shares |
| Dayah Capital LLC | $18,732,000 | 1,400,000 | 0.68% | Call option |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $18,575,629 | 1,378,014 | 0.68% | Shares |
| CITADEL ADVISORS LLC | $18,151,308 | 1,356,600 | 0.66% | Put option |
| FIRST TRUST ADVISORS LP | $15,228,500 | 1,138,154 | 0.55% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $14,895,673 | 1,113,279 | 0.54% | Shares |
| MILLENNIUM MANAGEMENT LLC | $14,346,036 | 1,072,200 | 0.52% | Shares |
| MASTERS CAPITAL MANAGEMENT LLC | $13,380,000 | 1,000,000 | 0.49% | Call option |
| WELLS FARGO & COMPANY/MN | $12,697,459 | 948,988 | 0.46% | Shares |
| Squarepoint Ops LLC | $12,574,511 | 939,799 | 0.46% | Shares |
| Sourcerock Group LLC | $11,451,153 | 855,841 | 0.42% | Shares |
| Public Sector Pension Investment Board | $10,966,047 | 819,585 | 0.40% | Shares |
| Arosa Capital Management LP | $10,704,000 | 800,000 | 0.39% | Call option |
| Man Group plc | $10,280,871 | 768,376 | 0.37% | Shares |
| DNB Asset Management AS | $10,071,728 | 752,745 | 0.37% | Shares |
| PEAK6 LLC | $9,802,188 | 732,600 | 0.36% | Call option |
| AMERIPRISE FINANCIAL INC | $9,742,447 | 728,135 | 0.35% | Shares |
| Erste Asset Management GmbH | $9,550,971 | 708,529 | 0.35% | Shares |
| D. E. Shaw & Co., Inc. | $9,289,734 | 694,300 | 0.34% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,839,203 | 660,628 | 0.32% | Shares |
| Cubist Systematic Strategies, LLC | $8,639,813 | 499,700 | 0.31% | Call option |
| FRANKLIN RESOURCES INC | $8,571,322 | 640,607 | 0.31% | Shares |
| DIVERSIFY WEALTH MANAGEMENT, LLC | $8,254,228 | 827,077 | 0.30% | Shares |
| Diversify Advisory Services, LLC | $8,254,228 | 827,077 | 0.30% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $8,247,659 | 616,417 | 0.30% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $8,014,620 | 599,000 | 0.29% | Shares |
| RHUMBLINE ADVISERS | $7,542,119 | 563,688 | 0.27% | Shares |
| NORGES BANK | $7,493,054 | 560,019 | 0.27% | Shares |
| Caption Management, LLC | $7,084,710 | 529,500 | 0.26% | Put option |
| Sculptor Capital LP | $6,778,308 | 506,600 | 0.25% | Put option |
| MASTERS CAPITAL MANAGEMENT LLC | $6,690,000 | 500,000 | 0.24% | Shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | $6,690,000 | 500,000 | 0.24% | Call option |
| SOROS FUND MANAGEMENT LLC | $6,690,000 | 500,000 | 0.24% | Call option |
| RWC Asset Management LLP | $6,653,446 | 497,268 | 0.24% | Shares |
| Greenvale Capital LLP | $6,516,060 | 487,000 | 0.24% | Call option |
| JUPITER ASSET MANAGEMENT LTD | $6,468,427 | 483,440 | 0.24% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $6,296,173 | 470,566 | 0.23% | Shares |
| TWO SIGMA INVESTMENTS, LP | $6,241,770 | 466,500 | 0.23% | Put option |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $6,150,826 | 459,703 | 0.22% | Shares |
| Swiss National Bank | $6,141,420 | 459,000 | 0.22% | Shares |
| MIROVA | $5,978,064 | 446,791 | 0.22% | Shares |
| TUDOR INVESTMENT CORP ET AL | $5,722,305 | 427,676 | 0.21% | Shares |
| Arosa Capital Management LP | $5,352,000 | 400,000 | 0.19% | Put option |
| TUDOR INVESTMENT CORP ET AL | $5,281,086 | 394,700 | 0.19% | Put option |
| Point72 Asset Management, L.P. | $5,269,044 | 393,800 | 0.19% | Call option |
| Walleye Trading LLC | $5,017,500 | 375,000 | 0.18% | Put option |
| Legal & General Group Plc | $4,883,325 | 364,972 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,877,654 | 359,709 | 0.18% | Shares |
| ALPS ADVISORS INC | $4,721,922 | 352,909 | 0.17% | Shares |
| Walleye Trading LLC | $4,697,718 | 351,100 | 0.17% | Call option |
| NOMURA HOLDINGS INC | $4,486,314 | 335,300 | 0.16% | Call option |
| PRUDENTIAL FINANCIAL INC | $4,433,195 | 331,330 | 0.16% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $4,209,696 | 314,626 | 0.15% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $4,002,212 | 299,119 | 0.15% | Shares |
| NORDEN GROUP LLC | $3,967,171 | 296,500 | 0.14% | Shares |
| Parallax Volatility Advisers, L.P. | $3,913,650 | 292,500 | 0.14% | Call option |
| OSSIAM | $3,862,806 | 288,700 | 0.14% | Shares |
| Freestone Grove Partners LP | $3,783,141 | 282,746 | 0.14% | Shares |
| BlackRock, Inc. | $3,777,776 | 282,345 | 0.14% | Shares |
| LuminArx Capital Management LP | $3,648,473 | 3,074,000 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,622,717 | 267,162 | 0.13% | Shares |
| D. E. Shaw & Co., Inc. | $3,407,003 | 254,634 | 0.12% | Shares |
| Jefferies Financial Group Inc. | $3,398,520 | 254,000 | 0.12% | Call option |
| BARCLAYS PLC | $3,345,000 | 250,000 | 0.12% | Put option |
| HAP Trading, LLC | $3,278,200 | 400,758 | 0.12% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $3,241,265 | 242,247 | 0.12% | Shares |
| Jefferies Financial Group Inc. | $3,135,804 | 234,365 | 0.11% | Shares |
Company insiders 19 insiders · 10 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Mary Powell | Chief Executive Officer | July 6, 2026 S | 1,111,535 | 0 | 1 | $-316,362 |
| Danny Abajian | Chief Financial Officer | July 6, 2026 G | 374,105 | 0 | 2 | $-244,759 |
| Robert Patrick Komin Jr. | Chief Financial Officer | March 15, 2017 A | 547,482 | 0 | 0 | $0 |
| Thomas John Holland | President | Dec. 15, 2015 A | 289,437 | 0 | 0 | $0 |
| Christopher Dawson | Chief Operating Officer | Dec. 15, 2017 A | 250,000 | 0 | 0 | $0 |
| Paul Thaddeus Winnowski | Chief Operating Officer | March 15, 2017 A | 948,195 | 0 | 0 | $0 |
| Maria Barak | Chief Accounting Officer | July 9, 2026 S | 90,033 | 0 | 2 | $-62,901 |
| Jeanna Steele | Chief Legal & People Officer | July 6, 2026 S | 461,715 | 0 | 1 | $-130,541 |
| Paul S. Dickson | Pres. & Chief Revenue Officer | July 6, 2026 S | 839,539 | 0 | 1 | $-205,779 |
| Mina Kim | General Counsel | March 15, 2017 A | 327,606 | 0 | 0 | $0 |
| Lynn Michelle Jurich | Director | Aug. 3, 2026 S | 367,405 | 0 | 3 | $-1,974,665 |
| Edward Harris Fenster | Director | July 1, 2026 A | 1,567,779 | 0 | 0 | $0 |
| Sonita Lontoh | Director | June 11, 2026 S | 34,010 | 0 | 1 | $-90,000 |
| Steven Vassallo | Director | March 25, 2019 A | 43,716 | 0 | 0 | $0 |
| Rich Wong | Director | Aug. 3, 2017 A | 13,812 | 0 | 0 | $0 |
| Gerald Alan Risk | Director | March 15, 2017 A | 39,685 | 0 | 0 | $0 |
| Katherine August-Dewilde | Director | March 15, 2017 A | 38,044 | 0 | 0 | $0 |
| Leslie A Dach | Director | March 15, 2017 A | 49,787 | 0 | 0 | $0 |
| Jameson J Mcjunkin | Director | Aug. 10, 2015 C | 6,374,192 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Tiger Global Long Opportunities Master Fund, L.P., Tiger Global Investments, L.P., Tiger Global Performance, LLC, Tiger Global Management, LLC, Charles P. Coleman III, Scott Shleifer ×7 filings | Oct. 5, 2020 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 77 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ACES · ALPS ETF Trust | 4.18% | 363,511 NS | May 31, 2026 | N-PORT |
| TAN · Invesco Exchange-Traded Fund Trust … | 4.07% | 5,378,112 SH | Aug. 8, 2026 | Daily |
| UPGR · DBX ETF Trust | 2.36% | 9,253 NS | May 29, 2026 | N-PORT |
| RNRG · Global X Funds | 2.17% | 53,215 NS | April 30, 2026 | N-PORT |
| CTEX · ProShares Trust | 1.94% | 8,538 NS | May 31, 2026 | N-PORT |
| PBW · Invesco Exchange-Traded Fund Trust | 1.20% | 538,115 SH | Aug. 8, 2026 | Daily |
| PBD · Invesco Exchange-Traded Fund Trust … | 0.75% | 141,306 SH | Aug. 8, 2026 | Daily |
| PSCI · Invesco Exchange-Traded Fund Trust … | 0.72% | 139,177 SH | Aug. 8, 2026 | Daily |
| XSMO · Invesco Exchange-Traded Fund Trust | 0.51% | 1,565,430 SH | Aug. 8, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.50% | 202,262 NS | April 30, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.40% | 61,772 NS | May 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.35% | 283,944 SH | Aug. 8, 2026 | Daily |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.33% | 45,030 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.25% | 2,213,321 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.24% | 405,275 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.24% | 243,659 NS | April 30, 2026 | N-PORT |
| CCSO · Tidal Trust II | 0.23% | 8,288 NS | April 30, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.22% | 26,565 NS | April 30, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.21% | 140,067 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.21% | 52,041 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.20% | 204,303 SH | Aug. 8, 2026 | Daily |
| RZG · Invesco Exchange-Traded Fund Trust | 0.19% | 26,485 SH | Aug. 8, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.19% | 200,811 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.17% | 2,776 NS | May 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.17% | 834,026 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.17% | 345,325 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.15% | 55,622 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 81,298 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.14% | 2,181,312 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.14% | 28,203 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.14% | 13,430 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.13% | 8,381 NS | April 30, 2026 | N-PORT |
| IJR · iShares Trust | 0.12% | 14,563,136 SH | Aug. 8, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.12% | 14,641 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.10% | 10,694 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.09% | 1,345,457 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.09% | 98,473 NS | April 30, 2026 | N-PORT |
| POWR · iShares, Inc. | 0.09% | 41,939 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.08% | 1,118,377 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 43,335 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.07% | 793,620 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.07% | 5,964,213 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.07% | 405,286 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.07% | 50,275 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.06% | 3,299,881 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.06% | 8,364 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.04% | 69,731 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 119,411 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.04% | 8,461 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 2,735,666 SH | Aug. 8, 2026 | Daily |