The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 5, 2020. Its latest SEC filing is a ABS-15G from Feb 13, 2026.
10-Q for Q2 FY2020, filed Aug 5, 2020
The sections below describe the company as of the FY2019 annual report.
Sells residential solar electricity and solar systems to homeowners, and installs and maintains those systems.
10-K for FY2019, filed Mar 10, 2020We were incorporated as Vivint Solar, Inc., a Delaware corporation, in 2011. We offer distributed solar energy — electricity generated by a…View ↗
We also offer our customers the option to purchase solar energy systems for cash or through third-party loan financing. Selling solar…View ↗
Monitoring and service. We monitor the performance of our solar energy systems, leveraging a combination of internally developed solutions…View ↗
Homeowners pay monthly for solar electricity based on the power their systems generate or make fixed monthly lease payments. Customers who buy systems pay for them during installation, with the remaining sale amount tied to the system being connected to the grid and approved for operation.
10-K for FY2019, filed Mar 10, 2020Power Purchase Agreements. Under power purchase agreements, or PPAs, we charge customers a fee per kilowatt hour based on the electricity…View ↗
Legal-form Leases. Under legal-form leases, or Solar Leases, we charge customers a fixed monthly payment to lease the solar energy system…View ↗
Solar Energy System Sales. Under solar energy system sales, or System Sales, we offer our customers the option to purchase solar energy…View ↗
The Company enters into PPAs with residential customers, under which the customer agrees to purchase all of the power generated by the…View ↗
The Company also offers solar energy systems to customers pursuant to Solar Leases in certain markets. The customer agreements are…View ↗
The Company’s principal performance obligation for System Sales is to design and install a solar energy system that is interconnected to…View ↗
$341M
10-K for FY2019, filed Mar 10, 2020
$341M ↗
Homeowners buy mainly through Vivint Solar’s neighborhood sales teams, with additional sales through its inside team, dealers, homebuilders, and retail channels.
10-K for FY2019, filed Mar 10, 2020Professional consultation. We provide professional consultations through our various sales channels to prospective customers to evaluate…View ↗
We place our integrated solar energy systems through a scalable sales organization that relies primarily on a direct-to-home sales model.…View ↗
In addition to direct sales, we sell to customers through our inside sales team, through various sales dealers, and through the homebuilder…View ↗
No. It lost $102.2M in FY2019.
10-K for FY2019, filed Mar 10, 2020
10-K for FY2019, filed Mar 10, 2020
−$188.6MView ↗
10-K for FY2019, filed Mar 10, 2020
−$102.2MView ↗
10-K for FY2019, filed Mar 10, 2020
−$325.2MView ↗
10-Q for Q2 FY2020, filed Aug 5, 2020
−$1.2MView ↗
8-K, filed Oct 8, 2020
On October 8, 2020, Sunrun completed the acquisition of Vivint Solar pursuant to the Merger Agreement, pursuant to which Merger Sub merged…View ↗
8-K, filed Jul 10, 2020
On July 6, 2020, Vivint Solar, Inc., a Delaware corporation (“Vivint Solar”), Sunrun Inc., a Delaware corporation (“Sunrun”), and Viking…View ↗
Grew. Revenue grew 5.3x in 4 years, from $64.2M in FY2015 to $341M in FY2019, about 52% a year.
More sales channels
The latest report adds sales through dealers, homebuilders, and retail distribution, alongside direct and inside sales. The older report described direct and inside sales and was still exploring several outside channels.
10-K for FY2016, filed Mar 16, 2017 10-K for FY2019, filed Mar 10, 2020In addition to direct sales, we sell to customers through our inside sales team. We also continue to explore opportunities to sell solar…View ↗
In addition to direct sales, we sell to customers through our inside sales team, through various sales dealers, and through the homebuilder…View ↗
Added solar system sales
The older report said outright system sales had begun recently and were expected to become more significant. The latest report describes system sales as an established option alongside long-term contracts.
10-K for FY2016, filed Mar 16, 2017 10-K for FY2019, filed Mar 10, 2020In 2015, we began offering our customers the option to purchase solar energy systems for cash or through third-party loan financing, which…View ↗
Added energy products
The latest report lists battery storage, electric vehicle charging products, and generators as offerings tied to solar installations; the older report described exploring partnerships for additional customer solutions.
10-K for FY2016, filed Mar 16, 2017 10-K for FY2019, filed Mar 10, 2020Developing a differentiated solution. We aim to provide unique products in an increasingly commoditized industry, and we believe the market…View ↗
Competes with Sunrun and Sunnova Energy International
10-K for FY2019, filed Mar 10, 2020We also compete with companies that are not regulated like traditional utilities but that have access to the traditional utility…View ↗
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