VSTVistra Corp.

Utilities · Electric Utilities · NYSE

Vistra is an integrated retail electricity and power generation company that provides essential power resources to customers, businesses, and communities from California to Maine. 10-K, Item 1

Employees: 6,390
Headquarters: Irving, TX
CEO: James A. Burke
Next results: around Feb 25, 2027

Compare with peers → Embed

RevenueFY2017–25 $17.7B+3.0% Highest in 9 years 10-K FY2025 · XBRL Net incomeFY2017–25 $944.0M−64.5% FY2024: $2.7B 10-K FY2025 · XBRL Free cash flowFY2017–25 $1.3B−47.0% FY2024: $2.5B 10-K FY2025 · XBRL Operating marginFY2017–25 10.7%−12.9 pts 3.6% in FY2017 10-K FY2025 · XBRL

What changed

10-K filed Feb 27, 2026 against Feb 28, 2025

Area	What changed	Source
Risk factors	14 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +17.2% vs revenue +3.0% (+14.2 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	3 open-market buys in the last 90 days	Form 4
Filings	4 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 27, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-28. Quoted as filed.

We may not be able to consummate the Cogentrix Transactions on the anticipated terms, on the anticipated timeline, or at all, which could adversely affect our business, financial condition, results of operation and stock price. The consummation of the Cogentrix Transactions (as defined below) remains subject to the satisfaction or…
10-K, Item 1A

All 14 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +17.2% vs revenue +3.0% (+14.2 pts)
✓
Cash from operations $4.1B vs net income $944.0M (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Deloitte & Touche LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Energy Harbor Holdings LLC Acquisition
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 9, 20268-K Other events 8-K item 8.01
Nov 9, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 6, 20268-K Quarterly results 8-K item 2.02
Nov 5, 20268-K Acquisition or sale of assets completed, New debt or obligation, Unregistered share sale, Regulation FD disclosure 8-K items 2.01, 2.03, 3.02, 7.01

Get an email when this changes: new risk paragraphs, accounting items, insider purchases, a new 10-K or 10-Q. RSS feed

Work on VST in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/VST/export.csv") into a cell.