VIASP · As filed with the SEC

Via Renewables balance sheet, by fiscal year

The statement as Via Renewables presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021
Assets
Current assets:
Cash and cash equivalents	41,760	53,150	42,595	33,658	68,899
Restricted cash	1,121	17,109	0	1,693	6,421
Accounts receivable	—	—	—	81,466	66,676
Accounts receivable—affiliates	—	—	—	6,455	3,819
Nonrelated Party	85,884	65,442	63,246	—	—
Affiliated Entity	—	4,119	—	—	—
Related Party	6,265	—	4,683	—	—
Inventory	2,928	2,137	3,124	4,405	1,982
Fair value of derivative assets	2,565	8,685	909	1,632	3,930
Customer acquisition costs, net	—	—	—	3,530	946
Related Party	100	—	—	—	—
Customer acquisition costs, net	7,761	7,051	5,154	—	—
Customer relationships, net	6,955	8,020	342	2,520	8,523
Deposits	4,903	4,330	6,897	10,568	6,664
Renewable energy credit asset	25,521	23,481	25,456	24,251	14,691
Other current assets	10,562	10,247	6,567	8,749	14,129
Total current assets	196,225	203,771	158,973	178,927	196,680
Affiliated Entity	—	4,119	—	—	—
Related Party	6,265	—	—	—	—
Property and equipment, net	6,447	5,231	4,710	4,691	4,261
Fair value of derivative assets	711	478	91	666	340
Customer acquisition costs, net	3,101	2,141	1,835	1,683	453
Customer relationships, net	—	—	—	481	5,660
Customer relationships, net	251	3,500	139	—	—
Deferred tax assets	1,839	6,088	15,282	20,437	22,398
Goodwill	120,343	120,343	120,343	120,343	120,343
Other assets	2,372	3,387	2,461	3,722	3,624
Total Assets	331,289	344,939	303,834	330,950	353,759
Liabilities, Series A Preferred Stock and Stockholders' Equity
Current liabilities:
Accounts payable	—	—	—	53,296	43,285
Accounts payable—affiliates	—	—	—	265	491
Nonrelated Party	40,938	37,176	29,524	—	—
Affiliated Entity	—	157	—	—	—
Related Party	663	—	472	—	—
Accrued liabilities	20,243	19,778	15,094	8,431	19,588
Renewable energy credit liability	13,040	15,832	15,706	13,722	13,548
Fair value of derivative liabilities	—	1,701	19,141	16,132	4,158
Nonrelated Party	2,156	—	—	—	—
Other current liabilities	58	58	59	322	1,707
Total current liabilities	77,098	74,702	79,996	92,168	82,777
Affiliated Entity	—	157	—	—	—
Related Party	663	—	—	—	—
Long-term liabilities:
Fair value of derivative liabilities	55	55	54	2,715	36
Long-term portion of Senior Credit Facility	120,000	106,000	97,000	100,000	135,000
Subordinated debt—affiliate	—	0	0	20,000	0
Other long-term liabilities	—	—	0	18	109
Total liabilities	197,153	180,757	177,050	214,901	217,922
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	56,766	83,221	88,065	87,713	87,288
Stockholders' equity:
Class A Common Stock	38	35	32	32	32
Class B Common Stock	35	38	40	40	40
Additional paid-in capital	40,538	39,719	40,002	42,871	53,918
Accumulated other comprehensive loss	(40)	(40)	(40)	(40)	(40)
Retained earnings	27,110	26,981	8,972	2,073	173
Treasury stock, at cost, 0 and 28,918 at December 31, 2024 and December 31, 2023	—	0	(2,406)	(2,406)	(2,406)
Total stockholders' equity	67,681	66,733	46,600	42,570	51,717
Non-controlling interest in Spark HoldCo, LLC	9,689	14,228	(7,881)	(14,234)	(3,168)
Total equity	77,370	80,961	38,719	28,336	48,549
Total Liabilities, Series A Preferred Stock and stockholders' equity	331,289	344,939	303,834	330,950	353,759
Class A Common Stock	—	120,000,000	—	—	—
Class B Common Stock	—	60,000,000	—	—	—

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.