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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $869.99M | $722.23M | $1.16B | $724.56M | $569.34M | $504.27M | $518.49M | $537.17M |
| Cost of revenue | $541.76M | $502.43M | $723.46M | $481.29M | $449.52M | $405.43M | $420.99M | $433.69M |
| Gross profit | $328.22M | $219.80M | $435.37M | $243.27M | $119.82M | $98.84M | $97.50M | $103.48M |
| Gross margin | 37.7% | 30.4% | 37.6% | 33.6% | 21.0% | 19.6% | 18.8% | 19.3% |
| Research and development | $10.23M | $10.14M | $8.82M | $9.27M | $8.06M | $9.98M | $8.79M | $8.18M |
| Selling, general and administrative | $283.20M | $253.17M | $329.20M | $230.35M | $224.00M | $203.75M | $222.80M | $223.08M |
| Operating expenses | $293.44M | $263.31M | $338.02M | $239.62M | $232.07M | $213.73M | $3.35B | $231.26M |
| Operating income | $34.79M | −$43.51M | $97.36M | $3.65M | −$112.25M | −$114.89M | −$3.26B | −$127.78M |
| Operating margin | 4.0% | -6.0% | 8.4% | 0.5% | -19.7% | -22.8% | -628.0% | -23.8% |
| EBITDA | $227.58M | $146.05M | $281.79M | $185.20M | $77.46M | $55.00M | $28.25M | $27.75M |
| Interest income | $0 | $0 | −$256.42M | −$265.79M | $0 | $0 | −$233.39M | −$215.62M |
| Interest expense | −$264.43M | −$263.94M | $0 | — | −$247.14M | −$227.43M | $0 | — |
| Income before taxes | −$212.15M | −$290.27M | −$134.67M | −$280.02M | −$373.91M | −$387.72M | −$3.40B | −$425.99M |
| Income taxes | −$3.97M | $7.07M | $40.43M | −$2.17M | −$94.93M | −$110.55M | $136.00K | −$13.80M |
| Net income | −$208.17M | −$297.33M | −$175.11M | −$277.85M | −$278.98M | −$277.17M | −$3.40B | −$412.19M |
| Net margin | -23.9% | -41.2% | -15.1% | -38.3% | -49.0% | -55.0% | -655.7% | -76.7% |
| EPS, basic | $0.48 | $0.71 | $0.45 | $0.07 | $1.22 | $0.22 | −$12.63 | −$0.37 |
| EPS, diluted | $0.42 | $0.62 | $0.38 | $0.06 | $1.07 | $0.20 | −$14.80 | −$0.37 |
| Diluted shares | 274.00M | 272.35M | 271.32M | 267.47M | 261.15M | 257.91M | 190.18M | 223.70M |
Figures describe Sunrun shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.