Via Renewables, Inc. Q3 2025 Earnings Recap

Via reported a strong Q3 2025 performance with revenue growth of 32% year-over-year, driven largely by an increase in government business.

Key Takeaways

• Revenue grew to $439 million on an annual run rate basis, with government revenue up 34% year-over-year, contributing an additional $26.5 million.
• The number of customers on the platform reached 713, an 11% increase compared to the previous year, indicating strong market penetration.
• Via maintains a significant market opportunity with less than 1% capture of an estimated $82 billion serviceable addressable market in North America and Western Europe.