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Side-by-side financial comparison of Vertex, Inc. (VERX) and Via Renewables, Inc. (VIASP). Click either name above to swap in a different company.

Vertex, Inc. is the larger business by last-quarter revenue ($194.7M vs $127.8M, roughly 1.5× Via Renewables, Inc.). Via Renewables, Inc. runs the higher net margin — 5.4% vs -3.6%, a 9.0% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% vs 9.1%). Over the past eight quarters, Vertex, Inc.'s revenue compounded faster (11.4% CAGR vs 5.9%).

Vertex Pharmaceuticals Incorporated is an American biopharmaceutical company based in Boston, Massachusetts. It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry. It maintains headquarters in Boston, Massachusetts, and three research facilities, in San Diego, California, and Milton Park, Oxfordshire, England.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

VERX vs VIASP — Head-to-Head

Bigger by revenue
VERX
VERX
1.5× larger
VERX
$194.7M
$127.8M
VIASP
Growing faster (revenue YoY)
VIASP
VIASP
+13.4% gap
VIASP
22.5%
9.1%
VERX
Higher net margin
VIASP
VIASP
9.0% more per $
VIASP
5.4%
-3.6%
VERX
Faster 2-yr revenue CAGR
VERX
VERX
Annualised
VERX
11.4%
5.9%
VIASP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VERX
VERX
VIASP
VIASP
Revenue
$194.7M
$127.8M
Net Profit
$-7.0M
$6.9M
Gross Margin
64.8%
34.4%
Operating Margin
-1.3%
15.2%
Net Margin
-3.6%
5.4%
Revenue YoY
9.1%
22.5%
Net Profit YoY
89.7%
-30.9%
EPS (diluted)
$1.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
VERX
VERX
VIASP
VIASP
Q4 25
$194.7M
$127.8M
Q3 25
$192.1M
$103.3M
Q2 25
$184.6M
$90.0M
Q1 25
$177.1M
$142.3M
Q4 24
$178.5M
$104.3M
Q3 24
$170.4M
$93.8M
Q2 24
$161.1M
$86.7M
Q1 24
$156.8M
$114.1M
Net Profit
VERX
VERX
VIASP
VIASP
Q4 25
$-7.0M
$6.9M
Q3 25
$4.0M
$757.0K
Q2 25
$-961.0K
$2.7M
Q1 25
$11.1M
$8.8M
Q4 24
$-67.8M
$9.9M
Q3 24
$7.2M
$2.1M
Q2 24
$5.2M
$7.6M
Q1 24
$2.7M
$8.6M
Gross Margin
VERX
VERX
VIASP
VIASP
Q4 25
64.8%
34.4%
Q3 25
63.1%
23.1%
Q2 25
65.7%
30.0%
Q1 25
63.8%
32.9%
Q4 24
65.6%
51.9%
Q3 24
64.8%
26.8%
Q2 24
63.7%
50.4%
Q1 24
61.1%
39.5%
Operating Margin
VERX
VERX
VIASP
VIASP
Q4 25
-1.3%
15.2%
Q3 25
2.2%
3.1%
Q2 25
-2.1%
6.7%
Q1 25
2.5%
17.5%
Q4 24
-7.3%
31.5%
Q3 24
2.9%
5.3%
Q2 24
4.7%
23.8%
Q1 24
-1.0%
22.6%
Net Margin
VERX
VERX
VIASP
VIASP
Q4 25
-3.6%
5.4%
Q3 25
2.1%
0.7%
Q2 25
-0.5%
3.0%
Q1 25
6.3%
6.2%
Q4 24
-38.0%
9.5%
Q3 24
4.2%
2.3%
Q2 24
3.2%
8.8%
Q1 24
1.7%
7.5%
EPS (diluted)
VERX
VERX
VIASP
VIASP
Q4 25
$1.19
Q3 25
$-0.41
Q2 25
$0.09
Q1 25
$1.83
Q4 24
$2.33
Q3 24
$-0.17
Q2 24
$1.51
Q1 24
$1.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
VERX
VERX
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$314.0M
$41.8M
Total DebtLower is stronger
$337.5M
$120.0M
Stockholders' EquityBook value
$258.9M
$67.7M
Total Assets
$1.3B
$331.3M
Debt / EquityLower = less leverage
1.30×
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VERX
VERX
VIASP
VIASP
Q4 25
$314.0M
$41.8M
Q3 25
$313.5M
$53.6M
Q2 25
$284.4M
$62.1M
Q1 25
$270.4M
$64.7M
Q4 24
$296.1M
$53.1M
Q3 24
$279.0M
$66.6M
Q2 24
$325.5M
$53.6M
Q1 24
$56.1M
$50.4M
Total Debt
VERX
VERX
VIASP
VIASP
Q4 25
$337.5M
$120.0M
Q3 25
$336.9M
$105.0M
Q2 25
$336.3M
$100.0M
Q1 25
$335.8M
$101.0M
Q4 24
$335.2M
$106.0M
Q3 24
$334.7M
$89.0M
Q2 24
$334.1M
$93.0M
Q1 24
$46.0M
$91.0M
Stockholders' Equity
VERX
VERX
VIASP
VIASP
Q4 25
$258.9M
$67.7M
Q3 25
$264.5M
$63.7M
Q2 25
$248.0M
$68.2M
Q1 25
$200.5M
$72.7M
Q4 24
$179.4M
$66.7M
Q3 24
$259.0M
$58.2M
Q2 24
$233.1M
$58.3M
Q1 24
$250.1M
$53.2M
Total Assets
VERX
VERX
VIASP
VIASP
Q4 25
$1.3B
$331.3M
Q3 25
$1.2B
$304.8M
Q2 25
$1.2B
$316.3M
Q1 25
$1.2B
$347.4M
Q4 24
$1.2B
$344.9M
Q3 24
$1.2B
$298.4M
Q2 24
$1.0B
$299.7M
Q1 24
$755.8M
$302.7M
Debt / Equity
VERX
VERX
VIASP
VIASP
Q4 25
1.30×
1.77×
Q3 25
1.27×
1.65×
Q2 25
1.36×
1.47×
Q1 25
1.67×
1.39×
Q4 24
1.87×
1.59×
Q3 24
1.29×
1.53×
Q2 24
1.43×
1.60×
Q1 24
0.18×
1.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
VERX
VERX
VIASP
VIASP
Operating Cash FlowLast quarter
$42.3M
$-4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VERX
VERX
VIASP
VIASP
Q4 25
$42.3M
$-4.2M
Q3 25
$62.5M
$2.4M
Q2 25
$46.0M
$19.0M
Q1 25
$14.8M
$24.9M
Q4 24
$41.1M
$2.0M
Q3 24
$41.4M
$20.1M
Q2 24
$57.7M
$11.2M
Q1 24
$24.6M
$17.1M
Free Cash Flow
VERX
VERX
VIASP
VIASP
Q4 25
$-4.8M
Q3 25
$1.9M
Q2 25
$18.4M
Q1 25
$23.5M
Q4 24
$1.6M
Q3 24
$-24.3M
$19.7M
Q2 24
$10.9M
Q1 24
$10.1M
$16.6M
FCF Margin
VERX
VERX
VIASP
VIASP
Q4 25
-3.7%
Q3 25
1.9%
Q2 25
20.5%
Q1 25
16.5%
Q4 24
1.5%
Q3 24
-14.2%
21.0%
Q2 24
12.6%
Q1 24
6.5%
14.6%
Capex Intensity
VERX
VERX
VIASP
VIASP
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
0.4%
Q3 24
38.5%
0.4%
Q2 24
0.3%
Q1 24
9.2%
0.4%
Cash Conversion
VERX
VERX
VIASP
VIASP
Q4 25
-0.61×
Q3 25
15.44×
3.12×
Q2 25
6.94×
Q1 25
1.33×
2.84×
Q4 24
0.20×
Q3 24
5.73×
9.41×
Q2 24
11.18×
1.47×
Q1 24
9.15×
2.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

VERX
VERX

Cloud Subscriptions$94.6M49%
Software Licenses$71.6M37%
Service Other$28.5M15%

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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