Financial Statements — RUN
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.14 | 1.09 | 1.16 | 1.01 | 0.98 | 1.01 | 1.04 | 0.78 | 0.95 | 0.92 | 0.84 | 0.96 | 0.86 | 0.86 | 0.94 | 0.86 | 0.81 |
| Accounts Receivable | 0.24 | 0.23 | 0.25 | 0.19 | 0.17 | 0.18 | 0.18 | 0.17 | 0.19 | 0.22 | 0.22 | 0.22 | 0.22 | 0.20 | 0.18 | 0.16 | 0.13 |
| Inventory | 0.65 | 0.49 | 0.57 | 0.49 | 0.41 | 0.34 | 0.35 | 0.41 | 0.66 | 0.79 | 0.89 | 0.59 | 0.55 | 0.56 | 0.44 | 0.34 | 0.29 |
| Total Current Assets | 2.17 | 1.97 | 2.07 | 1.79 | 1.67 | 1.60 | 1.68 | 1.67 | 1.93 | 2.08 | 2.08 | 1.88 | 1.71 | 1.71 | 1.59 | 1.40 | 1.27 |
| Property, Plant & Equipment | 0.06 | 0.07 | 0.09 | 0.10 | 0.11 | 0.13 | 0.14 | 0.16 | 0.13 | 0.11 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Goodwill | -- | -- | -- | -- | -- | 3.12 | 3.12 | 3.12 | 3.12 | 4.28 | 4.28 | 4.28 | 4.28 | 4.28 | 4.28 | 4.28 | 4.28 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Total Non-current Assets* | 21.19 | 20.80 | 20.16 | 19.44 | 18.71 | 20.50 | 19.77 | 19.16 | 18.10 | 18.41 | 17.64 | 16.69 | 16.09 | 15.55 | 14.50 | 14.03 | 13.62 |
| Total Assets | 23.36 | 22.77 | 22.23 | 21.23 | 20.38 | 22.10 | 21.44 | 20.83 | 20.03 | 20.49 | 19.73 | 18.57 | 17.80 | 17.26 | 16.09 | 15.43 | 14.89 |
| Accounts Payable | 0.32 | 0.34 | 0.34 | 0.28 | 0.27 | 0.24 | 0.22 | 0.29 | 0.30 | 0.33 | 0.35 | 0.28 | 0.26 | 0.39 | 0.35 | 0.28 | 0.21 |
| Total Current Liabilities | 1.52 | 1.36 | 1.42 | 1.27 | 1.26 | 1.09 | 1.01 | 1.27 | 1.42 | 1.42 | 1.15 | 1.08 | 0.99 | 1.07 | 1.28 | 1.12 | 0.80 |
| Long-term Debt | 15.16 | 14.80 | 14.63 | 14.04 | 13.57 | 12.45 | 11.96 | 11.15 | 10.24 | 9.60 | 8.93 | 7.99 | 7.60 | 7.14 | -- | -- | 5.27 |
| Total Non-current Liabilities* | 16.63 | 16.45 | 16.16 | 15.52 | 15.02 | 13.98 | 13.39 | 12.80 | 11.53 | 10.87 | 10.41 | 9.43 | 9.00 | 8.50 | 7.27 | 6.82 | 6.69 |
| Total Liabilities | 18.15 | 17.81 | 17.58 | 16.78 | 16.28 | 15.07 | 14.39 | 14.08 | 12.95 | 12.30 | 11.56 | 10.51 | 9.99 | 9.57 | 8.55 | 7.94 | 7.49 |
| Retained Earnings | (3.55) | (3.66) | (3.93) | (3.95) | (4.23) | (1.47) | (1.38) | (1.52) | (1.08) | (0.01) | (0.07) | 0.11 | (0.10) | (0.09) | 0.04 | 0.01 | 0.05 |
| Total Stockholder Equity | 3.49 | 3.34 | 2.98 | 2.93 | 2.62 | 5.28 | 5.37 | 5.18 | 5.61 | 6.60 | 6.47 | 6.62 | 6.35 | 6.26 | 6.22 | 6.16 | 6.17 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | 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 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.87 | 0.72 | 1.16 | 0.72 | 0.57 | 0.50 | 0.52 | 0.54 | 0.52 | 0.46 | 0.52 | 0.56 | 0.59 | 0.59 | 0.61 | 0.63 | 0.58 | 0.50 | 0.44 | 0.44 |
| Research & Development | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Selling, General & Admin | 0.09 | 0.07 | 0.08 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.06 | 0.05 |
| Operating Income | 0.03 | (0.04) | 0.10 | 0.00 | (0.11) | (0.11) | (3.26) | (0.13) | (0.13) | (0.18) | (0.20) | (1.35) | (0.21) | (0.23) | (0.19) | (0.14) | (0.16) | (0.18) | (0.21) | (0.14) |
| Pretax Income | (0.21) | (0.29) | (0.13) | (0.28) | (0.37) | (0.39) | (3.40) | (0.43) | (0.27) | (0.29) | (0.54) | (1.44) | (0.32) | (0.40) | (0.33) | (0.16) | (0.21) | (0.16) | (0.29) | (0.23) |
| Tax Provision | -0.00 | 0.01 | 0.04 | -0.00 | (0.09) | (0.11) | 0.00 | (0.01) | (0.01) | -0.00 | -0.00 | 0.03 | 0.02 | (0.06) | 0.00 | 0.00 | 0.00 | -0.00 | 0.03 | 0.01 |
| Net Income | 0.12 | 0.17 | 0.10 | 0.02 | 0.28 | 0.05 | (2.81) | (0.08) | 0.14 | (0.09) | (0.35) | (1.07) | 0.06 | (0.24) | 0.06 | 0.21 | (0.01) | (0.09) | (0.04) | 0.02 |
| Basic EPS | 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 | (0.06) | (0.42) | (0.19) | 0.12 |
| Diluted EPS | 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 | (0.06) | (0.42) | (0.18) | 0.11 |
Cash Flow Statement
(in billions USD)| Metric | 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 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (0.19) | 0.01 | 0.10 | (0.12) | (0.29) | (0.10) | (0.26) | (0.16) | (0.21) | (0.14) | (0.12) | (0.06) | (0.20) | (0.44) | (0.30) | (0.09) | (0.20) | (0.26) | (0.28) | (0.18) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | -0.00 | 0.01 | -0.00 | 0.01 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (0.26) | (0.16) | (0.21) | -- | (0.12) | (0.07) | (0.21) | (0.44) | (0.31) | (0.10) | (0.20) | (0.26) | (0.28) | (0.19) |
| Investing Cash Flow | (0.45) | (0.43) | (0.41) | (0.74) | (0.69) | (0.66) | (0.79) | (0.76) | (0.61) | (0.54) | (0.66) | (0.74) | (0.70) | (0.51) | (0.52) | (0.55) | (0.52) | (0.50) | (0.49) | (0.44) |
| Financing Cash Flow | 0.68 | 0.27 | 0.39 | 1.01 | 1.02 | 0.79 | 0.99 | 0.89 | 1.08 | 0.47 | 0.81 | 0.84 | 0.98 | 0.84 | 0.82 | 0.73 | 0.72 | 0.77 | 0.68 | 0.70 |
* Derived from reported values
