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Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
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 June 30, |  | Six months ended June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
Net income attributable to Via Renewables, Inc. stockholders | $ | 2,739 |  |  | $ | 7,624 |  |  | $ | 11,537 |  |  | $ | 16,191 |  |
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 | $ | 2,739 |  |  | $ | 7,624 |  |  | $ | 11,314 |  |  | $ | 16,191 |  |
The following table summarizes the portion of net income and income tax expense attributable to non-controlling interest (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income before taxes allocated to non-controlling interest | $ | 1,187 |  |  | $ | 8,860 |  |  | $ | 11,472 |  |  | $ | 20,220 |
Less: Income tax expense allocated to non-controlling interest | 775 |  |  | 789 |  |  | 1,391 |  |  | 1,652 |
Net income attributable to non-controlling interests | $ | 412 |  |  | $ | 8,071 |  |  | $ | 10,081 |  |  | $ | 18,568 |
Schedule of Economic Interests |
| The Company | Affiliated Owners
June 30, 2025 | 51.79 | % | 48.21 | %
December 31, 2024 | 48.20 | % | 51.80 | %
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 and six months ended June 30, 2025 and 2024 (in thousands, except per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 | 2024 |  | 2025 | 2024 |
Net income attributable to Via Renewables, Inc. stockholders | $ | 2,739 |  | $ | 7,624 |  |  | $ | 11,537 |  | $ | 16,191 |  |
Less: Dividend on Series A Preferred Stock | 2,399 |  | 2,713 |  |  | 4,727 |  | 5,423 |  |
Net income attributable to stockholders of Class A common stock | $ | 340 |  | $ | 4,911 |  |  | $ | 6,810 |  | $ | 10,768 |  |
Basic weighted average Class A common shares outstanding | 3,792 |  | 3,261 |  |  | 3,663 |  | 3,247 |  |
Basic earnings per share attributable to stockholders | $ | 0.09 |  | $ | 1.51 |  |  | $ | 1.86 |  | $ | 3.32 |  |
Net income attributable to stockholders of Class A common stock | $ | 340 |  | $ | 4,911 |  |  | $ | 6,810 |  | $ | 10,768 |  |
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 | $ | 340 |  | $ | 4,911 |  |  | $ | 6,810 |  | $ | 10,768 |  |
Basic weighted average Class A common shares outstanding | 3,792 |  | 3,261 |  |  | 3,663 |  | 3,247 |  |
Effect of dilutive Class B common stock | — |  | — |  |  | — |  | — |  |
Diluted weighted average shares outstanding | 3,792 |  | 3,261 |  |  | 3,663 |  | 3,247 |  |
Diluted earnings per share attributable to stockholders | $ | 0.09 |  | $ | 1.51 |  |  | $ | 1.86 |  | $ | 3.32 |  |
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 June 30, 2025 and December 31, 2024 (in thousands):
| June 30, 2025 | December 31, 2024
Assets |  |
Current assets: |  |
Cash and cash equivalents | $ | 61,982 |  | $ | 52,993 |
Accounts receivable | 47,864 |  | 65,354 |
Other current assets | 56,714 |  | 79,704 |
Total current assets | 166,560 |  | 198,051 |
Non-current assets: |  |
Goodwill | 120,343 |  | 120,343 |
Other assets | 13,709 |  | 16,042 |
Total non-current assets | 134,052 |  | 136,385 |
Total Assets | $ | 300,612 |  | $ | 334,436 |
Liabilities |  |
Current liabilities: |  |
Accounts payable and accrued liabilities | $ | 40,012 |  | $ | 56,560 |
Other current liabilities | 53,622 |  | 61,069 |
Total current liabilities | 93,634 |  | 117,629 |
Long-term liabilities: |  |
Long-term portion of Senior Credit Facility | 100,000 |  | 106,000 |
Subordinated debt — affiliate | — |  | — |
Other long-term liabilities | 153 |  | 55 |
Total long-term liabilities | 100,153 |  | 106,055 |
Total Liabilities | $ | 193,787 |  | $ | 223,684 |

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