Sunrun Inc. (RUN) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Sunrun Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.059 Sunrun's CEO, Damian Badgen, Sunrun's CFO, and Paul Dixon, Sunrun's President and Chief 00:00:05.059 -- 00:00:09.265 Revenue Officer. The presentation is available on Sunrun's Investor Relations website 00:00:09.265 -- 00:00:13.392 along with supplemental materials. An audio replay of today's call along with a copy 00:00:13.392 -- 00:00:17.778 of today's prepared remarks and transcript, including Q&A, will be posted to the Sunrun's 00:00:17.778 -- 00:00:20.603 Investor Relations website shortly after the call. 00:00:20.603 -- 00:00:22.446 And now let me turn the call over to Mary. 00:00:22.446 -- 00:00:25.715 Thank you, Patrick, and thank all of you for joining us today. 00:00:25.715 -- 00:00:30.501 In the second quarter, we delivered strong financial and operating results while delivering 00:00:30.501 -- 00:00:34.946 a best-in-class customer experience for over a million Americans. 00:00:34.946 -- 00:00:39.992 We generated $1.6 billion in top-line aggregate subscriber value, 00:00:39.992 -- 00:00:44.877 significantly exceeding our guidance and growing 40% year-over-year. 00:00:44.877 -- 00:00:49.963 Contracted net value creation of $376 million, which was our 00:00:49.963 -- 00:00:55.499 highest ever, more than doubled from last quarter and was also well above guidance. 00:00:55.499 -- 00:01:00.324 We generated this record profitability by growing the attachment rate of our storage 00:01:00.324 -- 00:01:05.770 offerings to an all-time high of 70% of customer additions in the period, 00:01:05.770 -- 00:01:10.796 and by driving significant cost efficiencies and performance improvements across 00:01:10.796 -- 00:01:16.141 the business. We also reported the highest upfront net subscriber value quarter 00:01:16.141 -- 00:01:21.267 in t...