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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $159.03M | - | $103.33M | $90.03M | $142.26M | - | $93.77M | $86.70M | $114.06M | - |
| Cost of Revenue | $132.62M | - | $79.45M | $63.05M | $95.39M | - | $68.62M | $43.00M | $68.96M | - |
| Gross Profit | $26.41M | - | $23.87M | $26.97M | $46.86M | - | $25.16M | $43.70M | $45.09M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $15.72M | - | $15.05M | $15.63M | $16.99M | - | $17.66M | $20.86M | $17.33M | - |
| Total Operating Expenses | $154.21M | - | $100.08M | $83.98M | $117.41M | - | $88.77M | $66.07M | $88.33M | - |
| D&A | $5.87M | - | $5.58M | $5.29M | $5.03M | - | $2.50M | $2.21M | $2.04M | - |
| Operating Income | $4.82M | - | $3.25M | $6.05M | $24.84M | - | $5.00M | $20.63M | $25.72M | - |
| Interest Expense | $2.52M | - | $2.09M | $1.54M | $1.93M | - | $1.67M | $1.74M | $1.93M | - |
| Income Tax | $454.0K | - | $784.0K | $1.38M | $4.60M | - | $1.69M | $3.21M | $4.75M | - |
| Net Income | $2.05M | - | $757.0K | $2.74M | $8.80M | - | $2.14M | $7.62M | $8.57M | - |
| EPS - Basic | $0.12 | - | ($0.41) | $0.09 | $1.83 | - | ($0.17) | $1.51 | $1.81 | - |
| EPS - Diluted | ($0.01) | - | ($0.41) | $0.09 | $1.83 | - | ($0.17) | $1.51 | $1.81 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.59M | $41.76M | $53.63M | $62.14M | $64.72M | $53.15M | $66.57M | $53.56M | $50.42M | $42.59M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $753.0K | $2.93M | $3.60M | $1.80M | $750.0K | $2.14M | $2.90M | $2.02M | $1.36M | $3.12M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $189.23M | $196.22M | $167.57M | $178.10M | $207.09M | $203.77M | $155.75M | $156.41M | $159.34M | $158.97M |
| Total Assets | $322.98M | $331.29M | $304.81M | $316.34M | $347.40M | $344.94M | $298.42M | $299.67M | $302.66M | $303.83M |
| Current Liabilities | $67.91M | $77.10M | $55.83M | $56.09M | $70.91M | $74.70M | $56.39M | $52.94M | $68.05M | $80.00M |
| Long-term Debt | $130.00M | $120.00M | $105.00M | $100.00M | $101.00M | $106.00M | $89.00M | $93.00M | $91.00M | $97.00M |
| Total Liabilities | $198.63M | $197.15M | $161.13M | $156.25M | $172.44M | $180.76M | $145.79M | $145.98M | $159.15M | $177.05M |
| Stockholders' Equity | $66.31M | $67.68M | $63.69M | $68.20M | $72.71M | $66.73M | $58.24M | $58.26M | $53.18M | $46.60M |
| Retained Earnings | $25.49M | $27.11M | $25.95M | $30.61M | $33.45M | $26.98M | $19.17M | $19.74M | $14.83M | $8.97M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.39M | - | - | - | $24.95M | - | - | - | $17.10M | - |
| Investing Cash Flow | ($245.0K) | - | - | - | ($14.01M) | - | - | - | ($450.0K) | - |
| Financing Cash Flow | ($1.44M) | - | - | - | ($13.57M) | - | - | - | ($8.82M) | - |
| CapEx | $245.0K | - | - | - | $1.42M | - | - | - | $450.0K | - |
| Free Cash Flow | $9.15M | - | - | - | $23.54M | - | - | - | $16.65M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 16.6% | - | 23.1% | 30.0% | 32.9% | - | 26.8% | 50.4% | 39.5% | - |
| Operating margin | 3.0% | - | 3.1% | 6.7% | 17.5% | - | 5.3% | 23.8% | 22.6% | - |
| EBITDA margin | 6.7% | - | 8.5% | 12.6% | 21.0% | - | 8.0% | 26.3% | 24.3% | - |
| Net margin | 1.3% | - | 0.7% | 3.0% | 6.2% | - | 2.3% | 8.8% | 7.5% | - |
| Free cash flow margin | 5.8% | - | - | - | 16.5% | - | - | - | 14.6% | - |
| FCF / Net income | 4.46 | - | - | - | 2.68 | - | - | - | 1.94 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.9% | - | 14.6% | 17.4% | 11.9% | - | 18.8% | 24.1% | 15.2% | - |
| Effective tax rate | 18.1% | - | 50.9% | 33.5% | 34.3% | - | 44.2% | 29.6% | 35.7% | - |
| Return on assets | 0.6% | - | 0.2% | 0.9% | 2.5% | - | 0.7% | 2.5% | 2.8% | - |
| Return on equity | 3.1% | - | 1.2% | 4.0% | 12.1% | - | 3.7% | 13.1% | 16.1% | - |
| Return on invested capital | 2.0% | - | 1.0% | 2.4% | 9.4% | - | 1.9% | 9.6% | 11.5% | - |
| Liquidity | ||||||||||
| Current ratio | 2.79 | 2.55 | 3.00 | 3.18 | 2.92 | 2.73 | 2.76 | 2.95 | 2.34 | 1.99 |
| Quick ratio | 2.78 | 2.51 | 2.94 | 3.14 | 2.91 | 2.70 | 2.71 | 2.92 | 2.32 | 1.95 |
| Cash ratio | 0.75 | 0.54 | 0.96 | 1.11 | 0.91 | 0.71 | 1.18 | 1.01 | 0.74 | 0.53 |
| Leverage | ||||||||||
| Debt / Equity | 1.96 | 1.77 | 1.65 | 1.47 | 1.39 | 1.59 | 1.53 | 1.60 | 1.71 | 2.08 |
| Debt / Assets | 0.40 | 0.36 | 0.34 | 0.32 | 0.29 | 0.31 | 0.30 | 0.31 | 0.30 | 0.32 |
| Debt / EBITDA | 12.16 | - | 11.89 | 8.82 | 3.38 | - | 11.86 | 4.07 | 3.28 | - |
| Interest coverage | 1.9x | - | 1.6x | 3.9x | 12.9x | - | 3.0x | 11.8x | 13.3x | - |
| Equity multiplier | 4.87 | 4.89 | 4.79 | 4.64 | 4.78 | 5.17 | 5.12 | 5.14 | 5.69 | 6.52 |
| Liabilities / Assets | 0.62 | 0.60 | 0.53 | 0.49 | 0.50 | 0.52 | 0.49 | 0.49 | 0.53 | 0.58 |
| Efficiency | ||||||||||
| Asset turnover | 0.49 | - | 0.34 | 0.28 | 0.41 | - | 0.31 | 0.29 | 0.38 | - |
| Inventory turnover | 176.12 | - | 22.08 | 34.93 | 127.19 | - | 23.69 | 21.33 | 50.60 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 2d | - | 17d | 10d | 3d | - | 15d | 17d | 7d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.7x | - | 2.9x | - | - | - | - | - | - | - |
| P / S | 0.7x | - | 1.8x | - | - | - | - | - | - | - |
| EV / EBITDA | 17.7x | - | 26.5x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.8% | - | 10.2% | 3.8% | 24.7% | - | -14.9% | -5.1% | -13.5% | - |
| Revenue CAGR (3y) | 6.4% | - | -4.6% | -2.5% | 3.8% | - | -1.5% | 1.8% | 0.3% | - |
| Revenue CAGR (5y) | 7.1% | - | -6.0% | -6.9% | -3.1% | - | -14.7% | -13.4% | -14.0% | - |
| Gross profit growth (YoY) | -43.6% | - | -5.1% | -38.3% | 3.9% | - | -35.8% | -3.9% | 212.9% | - |
| Operating income growth (YoY) | -80.6% | - | -35.0% | -70.7% | -3.4% | - | -75.3% | -22.9% | - | - |
| Net income growth (YoY) | -76.7% | - | -64.6% | -64.1% | 2.7% | - | -71.6% | -4.5% | - | - |
| EPS growth (YoY) | - | - | -141.2% | -94.0% | 1.1% | - | - | -9.6% | - | - |
| EPS CAGR (3y) | - | - | - | -20.6% | 37.8% | - | - | 37.6% | - | - |
| EPS CAGR (5y) | - | - | - | -82.9% | 55.7% | - | - | - | - | - |
| FCF growth (YoY) | -61.1% | - | - | - | 41.4% | - | - | - | 31.2% | - |
| FCF CAGR (5y) | - | - | - | - | -9.5% | - | - | - | -11.0% | - |
| Book value growth (YoY) | -8.8% | 1.4% | 9.4% | 17.1% | 36.7% | 43.2% | 19.1% | 34.2% | 40.9% | 9.5% |
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%
Peer comparison
Same SIC group: Electric & Other Services Combined
Comparing Via Renewables against the 5 most active filers in the same SIC group.