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 |
|---|---|---|---|---|
| Assets | ||||
| Current assets: | ||||
| Cash and cash equivalents | 41,760 | 53,150 | 42,595 | 33,658 |
| Restricted cash | 1,121 | 17,109 | 0 | 1,693 |
| Accounts receivable | — | — | — | 81,466 |
| Accounts receivable—affiliates | — | — | — | 6,455 |
| 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 |
| Fair value of derivative assets | 2,565 | 8,685 | 909 | 1,632 |
| Customer acquisition costs, net | — | — | — | 3,530 |
| Related Party | 100 | — | — | — |
| Customer acquisition costs, net | 7,761 | 7,051 | 5,154 | — |
| Customer relationships, net | 6,955 | 8,020 | 342 | 2,520 |
| Deposits | 4,903 | 4,330 | 6,897 | 10,568 |
| Renewable energy credit asset | 25,521 | 23,481 | 25,456 | 24,251 |
| Other current assets | 10,562 | 10,247 | 6,567 | 8,749 |
| Total current assets | 196,225 | 203,771 | 158,973 | 178,927 |
| Affiliated Entity | — | 4,119 | — | — |
| Related Party | 6,265 | — | — | — |
| Property and equipment, net | 6,447 | 5,231 | 4,710 | 4,691 |
| Fair value of derivative assets | 711 | 478 | 91 | 666 |
| Customer acquisition costs, net | 3,101 | 2,141 | 1,835 | 1,683 |
| Customer relationships, net | — | — | — | 481 |
| Customer relationships, net | 251 | 3,500 | 139 | — |
| Deferred tax assets | 1,839 | 6,088 | 15,282 | 20,437 |
| Goodwill | 120,343 | 120,343 | 120,343 | 120,343 |
| Other assets | 2,372 | 3,387 | 2,461 | 3,722 |
| Total Assets | 331,289 | 344,939 | 303,834 | 330,950 |
| Liabilities, Series A Preferred Stock and Stockholders' Equity | ||||
| Current liabilities: | ||||
| Accounts payable | — | — | — | 53,296 |
| Accounts payable—affiliates | — | — | — | 265 |
| 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 |
| Renewable energy credit liability | 13,040 | 15,832 | 15,706 | 13,722 |
| Fair value of derivative liabilities | — | 1,701 | 19,141 | 16,132 |
| Nonrelated Party | 2,156 | — | — | — |
| Other current liabilities | 58 | 58 | 59 | 322 |
| Total current liabilities | 77,098 | 74,702 | 79,996 | 92,168 |
| Affiliated Entity | — | 157 | — | — |
| Related Party | 663 | — | — | — |
| Long-term liabilities: | ||||
| Fair value of derivative liabilities | 55 | 55 | 54 | 2,715 |
| Long-term portion of Senior Credit Facility | 120,000 | 106,000 | 97,000 | 100,000 |
| Subordinated debt—affiliate | — | 0 | 0 | 20,000 |
| Other long-term liabilities | — | — | 0 | 18 |
| Total liabilities | 197,153 | 180,757 | 177,050 | 214,901 |
| 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 |
| Stockholders' equity: | ||||
| Class A Common Stock | 38 | 35 | 32 | 32 |
| Class B Common Stock | 35 | 38 | 40 | 40 |
| Additional paid-in capital | 40,538 | 39,719 | 40,002 | 42,871 |
| Accumulated other comprehensive loss | (40) | (40) | (40) | (40) |
| Retained earnings | 27,110 | 26,981 | 8,972 | 2,073 |
| Treasury stock, at cost, 0 and 28,918 at December 31, 2024 and December 31, 2023 | — | 0 | (2,406) | (2,406) |
| Total stockholders' equity | 67,681 | 66,733 | 46,600 | 42,570 |
| Non-controlling interest in Spark HoldCo, LLC | 9,689 | 14,228 | (7,881) | (14,234) |
| Total equity | 77,370 | 80,961 | 38,719 | 28,336 |
| Total Liabilities, Series A Preferred Stock and stockholders' equity | 331,289 | 344,939 | 303,834 | 330,950 |
| 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.