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VIASP

Via Renewables, Inc.

VIASP

Via Renewables, Inc. • NASDAQ
$25.40 ▼ -0.16% (-0.04)
Market Cap $96.33 M
52w High $26.68
52w Low $22.00
Dividend Yield 2.81%
P/E 21.71
Volume 2.54K
Outstanding Shares 3.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $103.329M ▲ $20.622M ▼ $757K ▼ 0.733% ▼ $-0.41 ▼ $8.852M ▼
Q2-2025 $90.029M ▼ $20.922M ▼ $2.739M ▼ 3.042% ▼ $0.09 ▼ $11.362M ▼
Q1-2025 $142.257M ▲ $22.02M ▲ $8.798M ▼ 6.185% ▼ $1.83 ▼ $26.273M ▼
Q4-2024 $102.588M ▲ $18.603M ▼ $9.926M ▲ 9.676% ▲ $2.21 ▲ $35.564M ▲
Q3-2024 $93.774M $20.157M $2.138M 2.28% $-0.17 $7.502M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $58.487M ▼ $304.814M ▼ $161.131M ▲ $134.158M ▼
Q2-2025 $62.142M ▼ $316.343M ▼ $156.247M ▼ $146.637M ▼
Q1-2025 $68.41M ▼ $347.402M ▲ $172.435M ▼ $155.69M ▲
Q4-2024 $70.259M ▼ $345.235M ▲ $181.053M ▲ $149.954M ▲
Q3-2024 $72.03M $298.42M $145.791M $146.289M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $757K ▼ $2.361M ▼ $-1.462M ▼ $-11.735M ▲ $-10.836M ▼ $1.943M ▼
Q2-2025 $2.739M ▼ $18.998M ▼ $-947K ▲ $-18.816M ▼ $-765K ▲ $18.424M ▼
Q1-2025 $18.467M ▲ $24.95M ▲ $-14.005M ▼ $-13.572M ▼ $-2.627M ▼ $23.535M ▲
Q4-2024 $9.926M ▲ $2.034M ▼ $-1.78M ▲ $2.923M ▲ $3.177M ▼ $1.577M ▼
Q3-2024 $2.138M $20.123M $-2.217M $-6.713M $11.193M $19.733M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Retail
Retail
 $90.00M ▲$100.00M ▲$140.00M ▲$90.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Via Renewables shows a business that is modest in size but now consistently profitable. Revenue has been relatively flat over the past few years, with some ups and downs, but profit margins have generally improved as the company has tightened operations. Net income has moved from roughly breakeven to clearly positive, suggesting better cost control and pricing discipline. The huge jump in per‑share earnings recently likely reflects changes in share count or one‑off items, so it may not fully represent the underlying earning power of the core business.

Balance Sheet

Balance Sheet The balance sheet looks fairly lean and typical of an asset‑light retailer. Total assets and equity have stayed relatively stable, without big expansion or contraction, which points to a controlled growth approach. Debt is meaningful but not overwhelming and appears to be balanced by an equity base that has inched up over time. Cash on hand is modest but steady, implying the company has some buffer but not an overly large cash cushion.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been consistently positive, with a clear improvement compared with the weaker year in the middle of the period. Because the business model requires very little spending on physical assets, free cash flow is close to operating cash flow, which is a structural strength. This pattern suggests that even with only moderate growth, the company can regularly generate cash that can be used for debt service, dividends, or strategic initiatives. The flip side is that there is limited evidence of large reinvestments that might drive aggressive future expansion.

Competitive Edge

Competitive Edge Via Renewables competes in deregulated retail energy markets, which are crowded and price‑sensitive, so the competitive environment is tough. Its main strengths are its long operating history, multi‑brand strategy across many states, and an experienced in‑house energy procurement team that can help manage commodity price swings. The company’s focus on customer acquisition and integration of acquired customer bases has been a key growth lever. However, its advantages are mostly operational and commercial rather than based on unique technology, meaning its moat is service- and execution‑driven, not deeply structural.

Innovation and R&D

Innovation and R&D The company leans on an asset‑light model rather than heavy investment in its own power plants or infrastructure, which reduces capital needs but also limits direct control over supply. Innovation so far has focused on product design—such as fixed‑rate and green energy plans—and better risk management, rather than breakthrough technology. Management has signaled interest in eventually owning or partnering on renewable generation, energy‑efficiency services, and environmental add‑ons, but these ambitions are still mostly at the planning or early‑development stage. Since the recent merger has reduced the amount of public communication, tracking real progress on these initiatives will be more difficult and may add uncertainty around the pace and scale of innovation.

Summary

Overall, Via Renewables looks like a steady, asset‑light retail energy business that has improved its profitability and cash generation without dramatically changing its size. The company’s financials show better margins and reliable free cash flow, supported by low capital spending and a reasonable balance between debt and equity. Its competitive edge comes from operational know‑how, multi‑brand presence, and green‑leaning offerings, rather than from unique technology or hard assets. The key opportunity is to leverage its existing customer base and cash flow to deepen its presence in renewable and efficiency‑focused products, while the main risks stem from intense competition, energy price volatility, and more limited transparency after the merger.

NEWS

November 18, 2025 · 9:00 AM UTC

Via Renewables Announces a Redemption of 258,565 Shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock

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October 15, 2025 · 9:00 AM UTC

Via Renewables, Inc. Announces Dividend on Preferred Stock

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September 15, 2025 · 9:00 AM UTC

Via Renewables Announces a Redemption of 287,294 Shares of Its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock

Read more