Via Renewables, Inc.

Listed Company

VIASPCIK 0001606268NasdaqNon-AcceleratedElectric & Other Services CombinedDelawareFY ends Dec 31

Period

FY 2025

Revenue

$463.45M

Net Income

$19.15M

Total Assets

—

Equity

—

Shares Out

—

Op. Cash Flow

$42.10M

Business

Via Renewables, Inc. is a publicly listed company in Electric & Other Services Combined, incorporated in Delaware. Common stock trades on Nasdaq under the ticker VIASP.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net asset optimization expense	−4	−2	−7	−2	−4
Total revenues	463	399	435	460	393
Retail cost of revenues	322	231	311	357	323
General and administrative	66	74	69	62	44
Depreciation and amortization	22	9	9	17	22
Total operating expenses	410	315	389	436	389
Operating income	54	84	46	25	4
Interest expense	−8	−7	−9	−7	—
Interest and other income	92,000	99,000	109,000	129,000	370,000
Total other (expense)/income	−7	−7	−9	−7	−5
Income before income tax expense	46	77	37	18	−147,000
Income tax expense	11	16	11	6	5
Net income	36	61	26	11	−5
Less: Net income attributable to non-controlling interest	16	33	11	4	−9
Net income attributable to Via Renewables, Inc. stockholders	19	28	15	8	4
Less: Dividend on Series A preferred stock	9	10	11	8	8
Net income attributable to stockholders of Class A common stock	10	18	4	−476,000	−4
Net income attributable to stockholders of Class A common stock	10	18	4	−476,000	−4
Basic (in dollars per share)	2.7	5.48	1.36	−0.15	−1.35
Diluted (in dollars per share)	2.7	5.48	1.36	−0.15	−1.35
Basic (in shares)	4	3	3	3	3
Diluted (in shares)	4	3	3	3	3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	42	53	43	34	69
Restricted cash	1	17	0	2	6
Inventory	3	2	3	4	2
Fair value of derivative assets	3	9	909,000	2	4
Customer acquisition costs, net	8	7	5	4	—
Customer relationships, net	7	8	300,000	3	9
Deposits	5	4	7	11	7
Renewable energy credit asset	26	23	25	24	15
Other current assets	11	10	7	9	14
Total current assets	196	204	159	179	197
Property and equipment, net	6	5	5	5	4
Fair value of derivative assets	711,000	478,000	91,000	666,000	340,000
Customer acquisition costs, net	3	2	2	2	500,000
Customer relationships, net	300,000	4	100,000	500,000	—
Deferred tax assets	2	6	15	20	22
Goodwill	120	120	120	120	120
Other assets	2	3	2	4	4
Total Assets	331	345	304	331	354
Accrued liabilities	20	20	15	8	20
Renewable energy credit liability	13	16	16	14	14
Other current liabilities	58,000	58,000	59,000	322,000	2
Total current liabilities	77	75	80	92	83
Fair value of derivative liabilities	55,000	55,000	54,000	3	36,000
Long-term portion of Senior Credit Facility	120	106	97	100	135
Total liabilities	197	181	177	215	218
Commitments and contingencies (Note 12)	—	—	—	—	—
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 2,327,080 shares issued and outstanding at December 31, 2025 and 3,380,440 issued and outstanding at December 31, 2024	57	83	88	88	87
Additional paid-in capital	41	40	40	43	54
Accumulated other comprehensive loss	−40,000	−40,000	−40,000	−40,000	−40,000
Retained earnings	27	27	9	2	173,000
Total stockholders' equity	68	67	47	43	52
Non-controlling interest in Spark HoldCo, LLC	10	14	−8	−14	−3
Total equity	77	81	39	28	49
Total Liabilities, Series A Preferred Stock and stockholders' equity	331	345	304	331	354

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	22	9	9	17	22
Deferred income taxes	5	10	5	2	6
Stock based compensation	0	2	2	3	3
Amortization of deferred financing costs	792,000	852,000	825,000	1	997,000
Bad debt expense	1	3	3	7	400,000
Loss on derivatives, net	6	4	71	−18	−21
Current period cash settlements on derivatives, net	1	−34	−67	36	16
Other	244,000	234,000	196,000	26,000	0
(Increase) decrease in accounts receivables	−22	−5	15	−22	3
(Increase) decrease in accounts receivable - affiliates	−2	564,000	2	−3	1
(Increase) decrease in inventory	−790,000	987,000	1	−2	−486,000
(Increase) in customer acquisition costs	−10	−10	−7	−6	−1
(Increase) decrease in prepaid and other current assets	−6	5	610,000	−10	654,000
Decrease (increase) in other assets	617,000	−1	854,000	−502,000	−190,000
Increase (decrease) in accounts payable and accrued liabilities	10	4	−15	3	−10
Increase (decrease) in accounts payableaffiliates	505,000	−315,000	207,000	−226,000	−335,000
Decrease in other current liabilities	0	0	−264,000	−2	−705,000
Decrease in other non-current liabilities	0	0	−17,000	−109,000	−152,000
Net cash provided by operating activities	42	50	49	16	13
Purchases of property and equipment	−3	−2	−1	−2	−3
Acquisition of Customers	−15	−3	0	−5	−4
Net cash used in investing activities	−18	−5	−1	−7	−7
Buyback/Redemption of Series A Preferred Stock	−27	−4	0	0	0
Borrowings on notes payable	514	586	377	289	774
Payments on notes payable	−500	−577	−380	−324	−739
Net paydown on subordinated debt facility	0	0	−20	—	—
Contribution for cash settlement of merger	0	643,000	0	0	—
Restricted stock vesting	0	−1	−186,000	−663,000	−1
Payment of dividends to Class A common stockholders	−10	0	−3	−11	−11
Payment of distributions to non-controlling unitholders	−20	−12	−4	−15	−17
Payment of Preferred Stock dividends	−9	−11	−10	−8	−8
Net cash used in financing activities	−52	−18	−41	−49	−3
(Decrease) increase in Cash and cash equivalents and Restricted Cash	−27	28	7	−40	4
Property and equipment purchase accrual	−80,000	70,000	−4,000	−4,000	−38,000
Interest	7	6	9	6	4
Taxes	4	11	3	—	—

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