Sunrun Q1 2023: Revenue $589.8M (+19% YoY), Net loss $240.4M; Subscriber Value $12,000 beats guidance

Sunrun Inc.

2023-Q1 EPS reported -$1.12 revenue$589,849,000

Solar capacity installed 240 MW, exceeding high-end of guidance; Q2 guidance 270-290 MW.
Net Subscriber Value $12,000 beats guidance; Subscriber Value $44,055, Creation Cost $32,055.
Customer additions 32,413 (25,154 subscribers); total customers 829,709, up 20% YoY.
Annual Recurring Revenue $1.1B with 17.6 years average contract life; Networked capacity 5.9 GW.
Sales activities grew over 30% YoY, with over 80% growth in California; launched Sunrun Shift in CA.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sunrun Inc. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Sunrun Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Sunrun Inc. filing history →

Source: SEC EDGAR

accession 0001469367-23-000117

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