FINHUB Insights

VST · Q2 FY25 · Apr 1 – Jun 30, 2025

Vistra Q2 FY25: where the revenue came from and where it went

Vistra Q2 FY25: revenue $4.3B (+11% year over year). Net profit $0.3B. Largest cohort Retail Energy Charge in ERCOT $2.2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 8, 2025 10-Q
Sankey diagram of Vistra's income statement for Q2 FY25: revenue of $4.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.3B +11% year over year
Operating profit$0.5B 12% margin
Net profit$0.3B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.3 100% +11%
Retail Energy Charge in ERCOT 2.2 51% +8%
Retail Energy Charge in Northeast… 0.8 19% −20%
Wholesale Generation Revenue From… 0.5 12% +69%
Hedging Revenue Realized 0.4 9%
Revenue From Other Wholesale… 0.3 7% −8%
Hedging and Other Revenues 0.1 2%
SG&A−0.410%+0pp
Other−3.378%+0pp
Operating profit0.512% margin−9pp
Tax−0.1
Interest & other costs−0.1
Net profit0.38%−2pp
Filing on EDGAR More quarters of VST

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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