VIA · Via Renewables, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Price · VIA
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $463.45M | $398.87M | $435.19M | $462.81M | $397.73M | $555.55M |
| Cost of Revenue | $321.81M | $230.79M | $310.74M | $357.10M | $323.22M | $344.59M |
| Gross Profit | $141.64M | $168.08M | $124.45M | $210.30M | $74.51M | $210.96M |
| R&D | - | - | - | - | - | - |
| SG&A | $66.29M | $74.45M | $68.87M | $61.93M | $44.28M | $90.73M |
| Total Operating Expenses | $409.92M | $314.69M | $388.72M | $435.73M | $389.08M | $466.09M |
| D&A | $21.82M | $9.45M | $9.10M | $16.70M | $21.58M | $30.77M |
| Operating Income | $53.53M | $84.18M | $46.47M | $24.76M | $4.41M | $88.80M |
| Interest Expense | $7.52M | $6.94M | $9.33M | $7.20M | $4.93M | $5.27M |
| Income Tax | $10.52M | $16.26M | $11.14M | $6.48M | $3.80M | $15.74M |
| Net Income | $19.15M | $28.25M | $14.97M | $7.58M | $5.20M | $29.29M |
| EPS - Basic | $2.70 | $5.48 | $1.36 | ($0.15) | ($0.17) | $1.50 |
| EPS - Diluted | $2.70 | $5.48 | $1.36 | ($0.15) | ($0.17) | $1.48 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41.76M | $53.15M | $42.59M | $33.66M | $68.90M | $71.68M |
| Accounts Receivable | - | - | - | $81.47M | $66.68M | $70.35M |
| Inventory | $2.93M | $2.14M | $3.12M | $4.41M | $1.98M | $1.50M |
| Accounts Payable | - | - | - | $53.30M | $43.28M | $27.32M |
| Current Assets | $196.22M | $203.77M | $158.97M | $178.93M | $196.68M | $204.87M |
| Total Assets | $331.29M | $344.94M | $303.83M | $330.95M | $355.28M | $366.67M |
| Current Liabilities | $77.10M | $74.70M | $80.00M | $92.17M | $82.49M | $90.66M |
| Long-term Debt | $120.00M | $106.00M | $97.00M | $120.00M | $135.00M | $100.00M |
| Total Liabilities | $197.15M | $180.76M | $177.05M | $214.90M | $217.64M | $190.92M |
| Stockholders' Equity | $67.68M | $66.73M | $46.60M | $42.57M | $53.35M | $64.85M |
| Retained Earnings | $27.11M | $26.98M | $8.97M | $2.07M | $776.0K | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $42.10M | $50.48M | $49.31M | $16.21M | $12.70M | $91.83M |
| Investing Cash Flow | ($17.58M) | ($4.73M) | ($1.44M) | ($6.87M) | ($6.51M) | ($2.15M) |
| Financing Cash Flow | ($51.89M) | ($18.09M) | ($40.64M) | ($49.30M) | ($2.56M) | ($75.66M) |
| CapEx | $2.96M | $1.58M | $1.44M | $2.15M | $2.71M | $2.15M |
| Free Cash Flow | $39.13M | $48.91M | $47.88M | $14.05M | $9.99M | $89.68M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.6% | 42.1% | 28.6% | 45.4% | 18.7% | 38.0% |
| Operating margin | 11.6% | 21.1% | 10.7% | 5.4% | 1.1% | 16.0% |
| EBITDA margin | 16.3% | 23.5% | 12.8% | 9.0% | 6.5% | 21.5% |
| Net margin | 4.1% | 7.1% | 3.4% | 1.6% | 1.3% | 5.3% |
| Free cash flow margin | 8.4% | 12.3% | 11.0% | 3.0% | 2.5% | 16.1% |
| FCF / Net income | 2.04 | 1.73 | 3.20 | 1.85 | 1.92 | 3.06 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 14.3% | 18.7% | 15.8% | 13.4% | 11.1% | 16.3% |
| Effective tax rate | 35.5% | 36.5% | 42.7% | 46.1% | 42.3% | 34.9% |
| Return on assets | 5.8% | 8.2% | 4.9% | 2.3% | 1.5% | 8.0% |
| Return on equity | 28.3% | 42.3% | 32.1% | 17.8% | 9.7% | 45.2% |
| Return on invested capital | 18.4% | 30.9% | 18.6% | 8.2% | 1.4% | 35.0% |
| Liquidity | ||||||
| Current ratio | 2.55 | 2.73 | 1.99 | 1.94 | 2.38 | 2.26 |
| Quick ratio | 2.51 | 2.70 | 1.95 | 1.89 | 2.36 | 2.24 |
| Cash ratio | 0.54 | 0.71 | 0.53 | 0.37 | 0.84 | 0.79 |
| Leverage | ||||||
| Debt / Equity | 1.77 | 1.59 | 2.08 | 2.82 | 2.53 | 1.54 |
| Debt / Assets | 0.36 | 0.31 | 0.32 | 0.36 | 0.38 | 0.27 |
| Debt / EBITDA | 1.59 | 1.13 | 1.75 | 2.89 | 5.19 | 0.84 |
| Interest coverage | 7.1x | 12.1x | 5.0x | 3.4x | 0.9x | 16.9x |
| Equity multiplier | 4.89 | 5.17 | 6.52 | 7.77 | 6.66 | 5.65 |
| Liabilities / Assets | 0.60 | 0.52 | 0.58 | 0.65 | 0.61 | 0.52 |
| Efficiency | ||||||
| Asset turnover | 1.40 | 1.16 | 1.43 | 1.40 | 1.12 | 1.52 |
| Inventory turnover | 109.91 | 108.00 | 99.47 | 81.07 | 163.08 | 230.34 |
| Days sales outstanding | - | - | - | 64d | 61d | 46d |
| Days inventory outstanding | 3d | 3d | 4d | 5d | 2d | 2d |
| Days payable outstanding | - | - | - | 54d | 49d | 29d |
| Cash conversion cycle | - | - | - | 14d | 15d | 19d |
| Valuation | ||||||
| P / E | 10.7x | - | - | - | - | - |
| P / B | 1.6x | - | - | - | - | - |
| P / S | 0.2x | - | - | - | - | - |
| EV / EBITDA | 2.5x | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 16.2% | -8.3% | -6.0% | 16.4% | -28.4% | -31.7% |
| Revenue CAGR (3y) | 0.0% | 0.1% | -7.8% | -17.1% | -26.6% | -11.4% |
| Revenue CAGR (5y) | -3.6% | -13.3% | -15.4% | -10.3% | -6.2% | 9.2% |
| Gross profit growth (YoY) | -15.7% | 35.1% | -40.8% | 182.2% | -64.7% | 6.3% |
| Operating income growth (YoY) | -36.4% | 81.1% | 87.7% | 461.6% | -95.0% | 270.3% |
| Net income growth (YoY) | -32.2% | 88.7% | 97.6% | 45.9% | -82.3% | 246.6% |
| EPS growth (YoY) | -50.7% | 302.9% | - | 11.8% | - | 7300.0% |
| EPS CAGR (3y) | - | - | -2.8% | - | - | 7.5% |
| EPS CAGR (5y) | 12.8% | 207.3% | - | - | - | 6.9% |
| FCF growth (YoY) | -20.0% | 2.1% | 240.7% | 40.7% | -88.9% | -1.0% |
| FCF CAGR (5y) | -15.3% | -11.6% | -3.9% | -25.7% | -31.4% | 15.2% |
| Book value growth (YoY) | 1.4% | 43.2% | 9.5% | -20.2% | -17.7% | 26.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$467.18M totalRetail Electricity$313.34M · 67.1%
Retail Natural Gas$153.83M · 32.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.37
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Electric & Other Services Combined
Comparing Via Renewables against the 5 most active filers in the same SIC group.