FINHUB Insights

VST · Q3 FY25 · Jul 1 – Sep 30, 2025

Vistra Q3 FY25: where the revenue came from and where it went

Vistra Q3 FY25: revenue $5B (−21% year over year). Net profit $0.7B. Largest cohort Retail Energy Charge in ERCOT $2.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Nov 7, 2025 10-Q
Sankey diagram of Vistra's income statement for Q3 FY25: revenue of $5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5B −21% year over year
Operating profit$1B 21% margin
Net profit$0.7B 13% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 5 100% −21%
Retail Energy Charge in ERCOT 2.7 54% +8%
Retail Energy Charge in Northeast… 1.1 22% +0%
Wholesale Generation Revenue From… 0.7 14% +31%
Revenue From Other Wholesale… 0.3 6% +5%
Total Other Revenues 0.2 4% −90%
Capacity Revenue 0.1 2%
SG&A−0.49%+2pp
Other−3.570%+0pp
Operating profit121% margin−20pp
Tax−0.1
Interest & other costs−0.2
Net profit0.713%−17pp
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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