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Equity (Tables)

3 Months Ended

Mar. 31, 2025


	The Company		Affiliated Owners
March 31, 2025	51.79	%	48.21	%
December 31, 2024	48.20	%	51.80	%

Schedule of Noncontrolling interest

The following table summarizes the effects of changes in the Company's ownership interest in Spark HoldCo's equity (in thousands):


	Three Months Ended March 31
	2025		2024
Net income attributable to Via Renewables, Inc. stockholders	$	8,798	$	8,567
Transfers (to) from the non-controlling interest	—		—
Decrease in Via Renewables additional paid in capital from the equity shift	(223)		—
Net transfers (to) from non-controlling interest	(223)		—
Changes from net income attributable to Via Renewables stockholders and transfers (to) from non-controlling interest	$	8,575	$	8,567

The following table summarizes the portion of net income and income tax expense attributable to non-controlling interest (in thousands):


	Three Months Ended March 31,
		2025		2024

Net income before taxes allocated to non-controlling interest		$	10,285	$	11,360
Less: Income tax expense allocated to non-controlling interest		616		863



Net income attributable to non-controlling interests		$	9,669	$	10,497

Schedule of Computation of Basic and Diluted Income Per Share

The following table presents the computation of basic and diluted income per share for the three months ended March 31, 2025 and 2024 (in thousands, except per share data):


	Three Months Ended March 31,
	2025		2024
Net income attributable to Via Renewables, Inc. stockholders	$	8,798	$	8,567
Less: Dividend on Series A Preferred Stock	2,328		2,710
Net income attributable to stockholders of Class A common stock	$	6,470	$	5,857

Basic weighted average Class A common shares outstanding	3,533		3,233
Basic earnings earnings per share attributable to stockholders	$	1.83	$	1.81

Net income attributable to stockholders of Class A common stock	$	6,470	$	5,857
Effect of conversion of Class B common stock to shares of Class A common stock	—		—

Diluted net income attributable to stockholders of Class A common stock	$	6,470	$	5,857

Basic weighted average Class A common shares outstanding	3,533		3,233
Effect of dilutive Class B common stock	—		—


Diluted weighted average shares outstanding	3,533		3,233

Diluted earnings per share attributable to stockholders	$	1.83	$	1.81

Schedule of Carrying Amounts and Classification of Assets and Liabilities

The following table includes the carrying amounts and classification of the assets and liabilities of Spark HoldCo that are included in our condensed consolidated balance sheet as of March 31, 2025 and December 31, 2024 (in thousands):


	March 31, 2025		December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$	64,601	$	52,993
Accounts receivable	70,329		65,354

Other current assets	68,357		79,704
Total current assets	203,287		198,051
Non-current assets:
Goodwill	120,343		120,343

Other assets	15,861		16,042
Total non-current assets	136,204		136,385
Total Assets	$	339,491	$	334,436

Liabilities
Current liabilities:
Accounts payable and accrued liabilities	$	49,759	$	56,560



Other current liabilities	65,274		61,069
Total current liabilities	115,033		117,629
Long-term liabilities:
Long-term portion of Senior Credit Facility	101,000		106,000
Subordinated debt — affiliate	—		—

Other long-term liabilities	528		55
Total long-term liabilities	101,528		106,055
Total Liabilities	$	216,561	$	223,684

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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