VIASP

MKT CAP:$97M

Via Renewables, Inc.

Market Cap

$97M

Utilities·Regulated Electric·🇺🇸 United States·NASDAQ

Utilities·Regulated Electric·🇺🇸·NASDAQ

Stock Price

$25.43-$0.02 (-0.08%)

Apr 20, 2026

Company Details

Via Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. It operates in two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages i...

CEO

William Keith Maxwell

IPO Date

Mar 10, 2017

Website

viarenewables.com

Key Metrics TTM

Revenue

$390M

-9.2% YoY

Net Income

$16M

EPS (Diluted)

$1.72

Free Cash Flow

$42M

Revenue / Share

$102.77

Gross Margin

44.5%

Operating Margin

23.9%

Net Margin

4.0%

FCF Margin

10.7%

P/S

0.2x

P/E

6.2x

Earnings Reports

Q4 2025

Apr 30, 2026

PENDING

Q3 2025

Nov 6, 2025

$103M+10.2%EPS -$0.41

Q2 2025

Jul 31, 2025

$90M+3.8%EPS $0.09

Q4 2024

Mar 6, 2025

$103M+0.9%EPS $2.21

Q3 2024

Oct 31, 2024

$94MEPS -$0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$141M	$56M	$29M
Q4 21	$100M	-$24M	-$41M
Q4 23	$102M	$25M	$6M
Q2 24	$87M	$45M	$21M
Q3 24	$94M	$25M	$5M
Q4 24	$103M	$98M	$79M
Q2 25	$90M	$27M	$6M
Q3 25	$103M	$24M	$3M

Valuation

Quarter	P/S	P/E
Q3 20	—	—
Q4 21	—	—
Q4 23	—	—
Q2 24	0.2x	22.2x
Q3 24	0.3x	—
Q4 24	0.3x	5.0x
Q2 25	0.3x	4.3x
Q3 25	0.2x	6.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$12M	$12M
Q4 21	-$6M	-$7M
Q4 23	$8M	$8M
Q2 24	$11M	$11M
Q3 24	$20M	$20M
Q4 24	$2M	$2M
Q2 25	$19M	$18M
Q3 25	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q3 20	$640.0K
Q4 21	$543.0K
Q4 23	$291.0K
Q2 24	$280.0K
Q3 24	$390.0K
Q4 24	$457.0K
Q2 25	$574.0K
Q3 25	$418.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 24	-33.3%	-20.4%
Q4 24	+2.3%	-83.2%
Q2 25	-11.5%	-12.6%
Q3 25	+19.2%	+51.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 21	$0	0.0%
Q4 23	$511.0K	0.5%
Q2 24	$2M	2.2%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q3 20	$19M
Q4 21	$11M
Q4 23	$18M
Q2 24	$21M
Q3 24	$18M
Q4 24	$19M
Q2 25	$16M
Q3 25	$15M

Revenue Segments

Quarter	Product and Service, Other	Retail
Q2 24	$267.0K	$87M
Q3 24	$2.0K	$94M
Q4 24	$242.0K	$104M
Q2 25	$30.0K	$91M

Revenue by Geography

Quarter	Mid-Atlantic	Midwest	New England	Southwest
Q3 20	$49M	$18M	$48M	$26M
Q4 21	$35M	$15M	$31M	$23M
Q4 23	$38M	$12M	$29M	$23M
Q2 24	$33M	$9M	$23M	$22M
Q3 24	$36M	$10M	$23M	$25M
Q4 24	$43M	$13M	$22M	$25M
Q2 25	$35M	$10M	$18M	$28M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$51M	$0	$51M
Q2 22	$43M	$0	$43M
Q3 22	$40M	$0	$40M
Q4 22	$34M	$0	$34M
Q1 23	$45M	$0	$45M
Q2 23	$47M	$0	$47M
Q3 23	$45M	$0	$45M
Q4 23	$43M	$0	$43M
Q1 24	$50M	$0	$50M
Q2 24	$56M	$0	$56M
Q3 24	$67M	$5M	$72M
Q4 24	$70M	$0	$70M
Q1 25	$65M	$4M	$68M
Q2 25	$62M	$0	$62M
Q3 25	$54M	$5M	$58M
Q4 25	$42M	$0	$42M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	16M	—	—
Q4 21	16M	0.0%	—
Q4 23	3M	-79.5%	—
Q2 24	3M	+0.9%	—
Q3 24	3M	+1.9%	-79.0%
Q4 24	4M	+6.2%	-77.7%
Q2 25	4M	+7.4%	+17.3%
Q3 25	4M	0.0%	+16.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$857.5K	164
Q4 21	$593.5K	169
Q4 23	$635.6K	160
Q2 24	$541.9K	160
Q3 24	$586.1K	160
Q4 24	$657.6K	156
Q2 25	$577.1K	156
Q3 25	$662.4K	156

Revenue / Employee