CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 64,723	$ 53,150
Restricted cash	2,909	17,109
Inventory	750	2,137
Fair value of derivative assets, net	6,868	8,685
Customer acquisition costs, net	6,529	7,051
Customer relationships, net	10,808	8,020
Deposits	3,658	4,330
Renewable energy credit asset	27,585	23,481
Other current assets	8,555	10,247
Total current assets	207,087	203,771
Property and equipment, net	6,301	5,231
Fair value of derivative assets, net	518	478
Customer acquisition costs, net	2,093	2,141
Customer relationships, net	2,997	3,500
Deferred tax assets	4,948	6,088
Goodwill	120,343	120,343
Other assets	3,115	3,387
Total assets	347,402	344,939
Current liabilities:
Accrued liabilities	20,525	19,778
Renewable energy credit liability	19,118	15,832
Fair value of derivative liabilities, net	274	1,701
Other current liabilities	184	58
Total current liabilities	70,907	74,702
Long-term liabilities:
Fair value of derivative liabilities, net	528	55
Long-term portion of Senior Credit Facility	101,000	106,000
Subordinated debt—affiliates	0	0
Total liabilities	172,435	180,757
Commitments and contingencies (Note 12)
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 3,374,087 shares issued and outstanding at March 31, 2025 and 3,380,440 shares issued and outstanding at December 31, 2024	82,977	83,221
Stockholders’ equity:
Additional paid-in capital	39,229	39,719
Accumulated other comprehensive loss	(40)	(40)
Retained earnings	33,451	26,981
Total stockholders’ equity	72,713	66,733
Non-controlling interest in Spark HoldCo, LLC	19,277	14,228
Total equity	91,990	80,961
Total liabilities, Series A Preferred Stock and Stockholders’ equity	347,402	344,939
Nonrelated Party
Current assets:
Accounts receivable	70,442	65,442
Current liabilities:
Accounts payable	29,730	37,176
Related Party
Current assets:
Accounts receivable	4,260	4,119
Current liabilities:
Accounts payable	1,076	157
Common Class A
Stockholders’ equity:
Common stock	38	35
Common Class B
Stockholders’ equity:
Common stock	$ 35	$ 38