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

Via Renewables, Inc. is the larger business by last-quarter revenue ($127.8M vs $109.7M, roughly 1.2× Via Transportation, Inc.). Via Renewables, Inc. runs the higher net margin — 5.4% vs -33.6%, a 39.0% gap on every dollar of revenue. Via Renewables, Inc. produced more free cash flow last quarter ($-4.8M vs $-31.8M).

Via Transportation, Inc. is an American technology company that provides software as a service (SaaS) and operations to improve public transportation networks for cities, transit agencies, schools and universities, healthcare providers, and corporations around the world. Via offers fully managed transit services as well as transportation planning tools, consulting services, operational support, and navigation.

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.

VIA vs VIASP — Head-to-Head

Bigger by revenue
VIASP
VIASP
1.2× larger
VIASP
$127.8M
$109.7M
VIA
Higher net margin
VIASP
VIASP
39.0% more per $
VIASP
5.4%
-33.6%
VIA
More free cash flow
VIASP
VIASP
$27.0M more FCF
VIASP
$-4.8M
$-31.8M
VIA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
VIA
VIA
VIASP
VIASP
Revenue
$109.7M
$127.8M
Net Profit
$-36.9M
$6.9M
Gross Margin
39.3%
34.4%
Operating Margin
-17.2%
15.2%
Net Margin
-33.6%
5.4%
Revenue YoY
22.5%
Net Profit YoY
-30.9%
EPS (diluted)
$-1.49
$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
VIA
VIA
VIASP
VIASP
Q4 25
$127.8M
Q3 25
$109.7M
$103.3M
Q2 25
$90.0M
Q1 25
$142.3M
Q4 24
$104.3M
Q3 24
$93.8M
Q2 24
$86.7M
Q1 24
$114.1M
Net Profit
VIA
VIA
VIASP
VIASP
Q4 25
$6.9M
Q3 25
$-36.9M
$757.0K
Q2 25
$2.7M
Q1 25
$8.8M
Q4 24
$9.9M
Q3 24
$2.1M
Q2 24
$7.6M
Q1 24
$8.6M
Gross Margin
VIA
VIA
VIASP
VIASP
Q4 25
34.4%
Q3 25
39.3%
23.1%
Q2 25
30.0%
Q1 25
32.9%
Q4 24
51.9%
Q3 24
26.8%
Q2 24
50.4%
Q1 24
39.5%
Operating Margin
VIA
VIA
VIASP
VIASP
Q4 25
15.2%
Q3 25
-17.2%
3.1%
Q2 25
6.7%
Q1 25
17.5%
Q4 24
31.5%
Q3 24
5.3%
Q2 24
23.8%
Q1 24
22.6%
Net Margin
VIA
VIA
VIASP
VIASP
Q4 25
5.4%
Q3 25
-33.6%
0.7%
Q2 25
3.0%
Q1 25
6.2%
Q4 24
9.5%
Q3 24
2.3%
Q2 24
8.8%
Q1 24
7.5%
EPS (diluted)
VIA
VIA
VIASP
VIASP
Q4 25
$1.19
Q3 25
$-1.49
$-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
VIA
VIA
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$378.2M
$41.8M
Total DebtLower is stronger
$120.0M
Stockholders' EquityBook value
$574.6M
$67.7M
Total Assets
$702.1M
$331.3M
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VIA
VIA
VIASP
VIASP
Q4 25
$41.8M
Q3 25
$378.2M
$53.6M
Q2 25
$62.1M
Q1 25
$64.7M
Q4 24
$53.1M
Q3 24
$66.6M
Q2 24
$53.6M
Q1 24
$50.4M
Total Debt
VIA
VIA
VIASP
VIASP
Q4 25
$120.0M
Q3 25
$105.0M
Q2 25
$100.0M
Q1 25
$101.0M
Q4 24
$106.0M
Q3 24
$89.0M
Q2 24
$93.0M
Q1 24
$91.0M
Stockholders' Equity
VIA
VIA
VIASP
VIASP
Q4 25
$67.7M
Q3 25
$574.6M
$63.7M
Q2 25
$68.2M
Q1 25
$72.7M
Q4 24
$66.7M
Q3 24
$58.2M
Q2 24
$58.3M
Q1 24
$53.2M
Total Assets
VIA
VIA
VIASP
VIASP
Q4 25
$331.3M
Q3 25
$702.1M
$304.8M
Q2 25
$316.3M
Q1 25
$347.4M
Q4 24
$344.9M
Q3 24
$298.4M
Q2 24
$299.7M
Q1 24
$302.7M
Debt / Equity
VIA
VIA
VIASP
VIASP
Q4 25
1.77×
Q3 25
1.65×
Q2 25
1.47×
Q1 25
1.39×
Q4 24
1.59×
Q3 24
1.53×
Q2 24
1.60×
Q1 24
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
VIA
VIA
VIASP
VIASP
Operating Cash FlowLast quarter
$-30.4M
$-4.2M
Free Cash FlowOCF − Capex
$-31.8M
$-4.8M
FCF MarginFCF / Revenue
-29.0%
-3.7%
Capex IntensityCapex / Revenue
1.2%
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
VIA
VIA
VIASP
VIASP
Q4 25
$-4.2M
Q3 25
$-30.4M
$2.4M
Q2 25
$19.0M
Q1 25
$24.9M
Q4 24
$2.0M
Q3 24
$20.1M
Q2 24
$11.2M
Q1 24
$17.1M
Free Cash Flow
VIA
VIA
VIASP
VIASP
Q4 25
$-4.8M
Q3 25
$-31.8M
$1.9M
Q2 25
$18.4M
Q1 25
$23.5M
Q4 24
$1.6M
Q3 24
$19.7M
Q2 24
$10.9M
Q1 24
$16.6M
FCF Margin
VIA
VIA
VIASP
VIASP
Q4 25
-3.7%
Q3 25
-29.0%
1.9%
Q2 25
20.5%
Q1 25
16.5%
Q4 24
1.5%
Q3 24
21.0%
Q2 24
12.6%
Q1 24
14.6%
Capex Intensity
VIA
VIA
VIASP
VIASP
Q4 25
0.4%
Q3 25
1.2%
0.4%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
0.4%
Q3 24
0.4%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
VIA
VIA
VIASP
VIASP
Q4 25
-0.61×
Q3 25
3.12×
Q2 25
6.94×
Q1 25
2.84×
Q4 24
0.20×
Q3 24
9.41×
Q2 24
1.47×
Q1 24
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VIA
VIA

Government Customer$103.7M95%
Commercial Customer$5.9M5%

VIASP
VIASP

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

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