VIASP · As filed with the SEC
Via Renewables balance sheet, by quarter
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.
CONDENSED CONSOLIDATED BALANCE SHEETS · USD thousands
| USD thousands | Q1 2026 Mar 31, 2026 | Q4 2025 Dec 31, 2025 | Q3 2025 Sep 30, 2025 | Q2 2025 Jun 30, 2025 | Q1 2025 Mar 31, 2025 | Q4 2024 Dec 31, 2024 | Q3 2024 Sep 30, 2024 | Q2 2024 Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 50,591 | 41,760 | 53,627 | 62,142 | 64,723 | 53,150 | 66,572 | 53,557 |
| Restricted cash | 0 | 1,121 | 2,404 | 4,725 | 2,909 | 17,109 | 510 | 2,332 |
| Nonrelated Party | 74,193 | 85,884 | 45,536 | 47,972 | 70,442 | 65,442 | 41,003 | 49,085 |
| Affiliated Entity | — | — | — | — | — | 4,119 | — | — |
| Related Party | 5,926 | 6,265 | 4,720 | 3,941 | 4,260 | — | 4,455 | 4,795 |
| Inventory | 753 | 2,928 | 3,598 | 1,805 | 750 | 2,137 | 2,897 | 2,016 |
| Fair value of derivative assets, net | 3,007 | 2,565 | 579 | 2,606 | 6,868 | 8,685 | 952 | 4,279 |
| Customer acquisition costs, net | — | — | — | — | — | — | 6,407 | 6,143 |
| Related Party | 1,200 | 100 | — | — | — | — | — | — |
| Customer acquisition costs, net | 8,038 | 7,761 | 7,610 | 6,935 | 6,529 | 7,051 | — | — |
| Customer relationships, net | 4,205 | 6,955 | 9,342 | 10,727 | 10,808 | 8,020 | 1,443 | 571 |
| Deposits | 3,955 | 4,903 | 4,860 | 3,861 | 3,658 | 4,330 | 5,134 | 7,706 |
| Renewable energy credit asset | 29,257 | 25,521 | 26,205 | 24,834 | 27,585 | 23,481 | 18,024 | 17,856 |
| Other current assets | 9,308 | 10,562 | 9,088 | 8,555 | 8,555 | 10,247 | 8,351 | 8,071 |
| Total current assets | 189,233 | 196,225 | 167,569 | 178,103 | 207,087 | 203,771 | 155,748 | 156,411 |
| Affiliated Entity | — | — | — | — | — | 4,119 | — | — |
| Related Party | — | 6,265 | — | — | — | — | — | — |
| Property and equipment, net | 5,916 | 6,447 | 6,305 | 6,444 | 6,301 | 5,231 | 4,989 | 4,906 |
| Fair value of derivative assets, net | 482 | 711 | 697 | 670 | 518 | 478 | 0 | 503 |
| Customer acquisition costs, net | 3,171 | 3,101 | 2,734 | 2,216 | 2,093 | 2,141 | 2,387 | 2,438 |
| Customer relationships, net | 83 | 251 | 348 | 669 | 2,997 | 3,500 | 424 | 130 |
| Deferred tax assets | 1,619 | 1,839 | 4,063 | 4,848 | 4,948 | 6,088 | 10,852 | 11,078 |
| Goodwill | 120,343 | 120,343 | 120,343 | 120,343 | 120,343 | 120,343 | 120,343 | 120,343 |
| Other assets | 2,135 | 2,372 | 2,755 | 3,050 | 3,115 | 3,387 | 3,677 | 3,861 |
| Total assets | 322,982 | 331,289 | 304,814 | 316,343 | 347,402 | 344,939 | 298,420 | 299,670 |
| Liabilities, Series A Preferred Stock and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Nonrelated Party | 29,421 | 40,938 | 22,492 | 26,067 | 29,730 | 37,176 | 20,661 | 22,603 |
| Affiliated Entity | — | — | — | — | — | 157 | — | — |
| Related Party | 571 | 663 | 606 | 478 | 1,076 | — | 481 | 269 |
| Accrued liabilities | 16,693 | 20,243 | 16,296 | 14,579 | 20,525 | 19,778 | 17,238 | 13,558 |
| Renewable energy credit liability | 15,972 | 13,040 | 14,992 | 14,537 | 19,118 | 15,832 | 13,855 | 13,341 |
| Fair value of derivative liabilities, net | 5,191 | — | 1,386 | 375 | 274 | 1,701 | 4,091 | 3,105 |
| Nonrelated Party | — | 2,156 | — | — | — | — | — | — |
| Related Party | — | — | 100 | 100 | — | — | — | — |
| Other current liabilities | 58 | 58 | 58 | 58 | 184 | 58 | 60 | 60 |
| Total current liabilities | 67,906 | 77,098 | 55,830 | 56,094 | 70,907 | 74,702 | 56,386 | 52,936 |
| Affiliated Entity | — | — | — | — | — | 157 | — | — |
| Related Party | — | 663 | — | — | — | — | — | — |
| Long-term liabilities: | ||||||||
| Fair value of derivative liabilities, net | 728 | 55 | 301 | 153 | 528 | 55 | 405 | 47 |
| Long-term portion of Senior Credit Facility | 130,000 | 120,000 | 105,000 | 100,000 | 101,000 | 106,000 | 89,000 | 93,000 |
| Subordinated debt—affiliates | — | — | 0 | 0 | 0 | 0 | — | — |
| Total liabilities | 198,634 | 197,153 | 161,131 | 156,247 | 172,435 | 180,757 | 145,791 | 145,983 |
| Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 2,094,372 shares issued and outstanding at March 31, 2026 and 2,327,080 shares issued and outstanding at December 31, 2025 | 50,927 | 56,766 | 70,467 | 78,432 | 82,977 | 83,221 | 88,044 | 88,050 |
| Stockholders’ equity: | ||||||||
| Common Class A | 38 | 38 | 38 | 38 | 38 | 35 | 33 | 33 |
| Common Class B | 35 | 35 | 35 | 35 | 35 | 38 | 40 | 40 |
| Additional paid-in capital | 40,785 | 40,538 | 37,708 | 37,566 | 39,229 | 39,719 | 39,041 | 38,488 |
| Accumulated other comprehensive loss | (40) | (40) | (40) | (40) | (40) | (40) | (40) | (40) |
| Retained earnings | 25,494 | 27,110 | 25,950 | 30,606 | 33,451 | 26,981 | 19,171 | 19,740 |
| Treasury stock, at cost, 0 and 28,918 at December 31, 2024 and December 31, 2023 | — | — | — | — | — | 0 | 0 | 0 |
| Total stockholders’ equity | 66,312 | 67,681 | 63,691 | 68,205 | 72,713 | 66,733 | 58,245 | 58,261 |
| Non-controlling interest in Spark HoldCo, LLC | 7,109 | 9,689 | 9,525 | 13,459 | 19,277 | 14,228 | 6,340 | 7,376 |
| Total equity | 73,421 | 77,370 | 73,216 | 81,664 | 91,990 | 80,961 | 64,585 | 65,637 |
| Total liabilities, Series A Preferred Stock and Stockholders’ equity | 322,982 | 331,289 | 304,814 | 316,343 | 347,402 | 344,939 | 298,420 | 299,670 |
| 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.
Data on this page was fetched . The filing on SEC.gov is the record.