Avista Corporation (AVA) Income Statement
AVA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAVA revenue and net income
Where AVA's revenue goes
2025Each bar shows an amount and its share of revenue. AVA kept 9.8% of revenue as net income.
AVA profit margins
AVA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.3% | +4.7% | +8.2% | +2.8% |
| Gross profit | −58.3% | −21.3% | −12.4% | −5.4% |
| Operating income | +15.7% | +23.0% | +8.8% | +3.4% |
| Net income | +7.2% | +7.5% | +8.3% | +4.6% |
| EPS (diluted) | +4.4% | +3.9% | +4.6% | +2.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AVA quarterly EPS vs estimates
Avista beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.44).
AVA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.96B | $1.94B | $1.75B | $1.71B | $1.44B | $1.32B | $1.35B | $1.40B | $1.45B | $1.44B |
| Cost of revenue | $1.49B | $798.0M | $702.4M | $735.9M | $497.1M | $398.5M | $439.8M | $494.7M | $524.6M | $551.4M |
| Gross profit | $475.0M | $1.14B | $1.05B | $974.3M | $941.8M | $923.4M | $905.8M | $902.2M | $921.4M | $891.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $36.0M | $36.0M | $29.7M | $125.8M | $115.3M | $111.8M | $124.5M | $135.4M | $132.4M | $124.2M |
| Total operating expenses | $121.0M | $834.0M | $791.5M | $784.1M | $713.6M | $690.7M | $695.4M | $637.3M | $622.2M | $601.3M |
| Operating income | $354.0M | $306.0M | $257.7M | $190.2M | $228.2M | $232.7M | $210.4M | $261.1M | $284.5M | $289.8M |
| Interest income | $12.0M | $14.0M | $14.7M | $115.0M | $102.2M | $101.0M | $4.0M | $3.7M | $3.5M | $3.1M |
| Interest expense | $148.0M | $145.0M | $139.7M | $115.0M | $102.2M | $101.0M | $100.2M | $97.0M | $92.9M | $84.5M |
| Income before taxes | $217.0M | $183.0M | $137.6M | $138.0M | $159.4M | $136.5M | $228.1M | $162.7M | $198.7M | $215.4M |
| Income taxes | $24.0M | $3.0M | −$33.6M | −$17.2M | $12.0M | $7.1M | $31.4M | $26.1M | $82.8M | $78.1M |
| Net income | $193.0M | $180.0M | $171.2M | $155.2M | $147.3M | $129.5M | $197.0M | $136.4M | $115.9M | $137.2M |
| EBITDA | $654.0M | $602.0M | $542.2M | $446.3M | $459.0M | $450.5M | $534.3M | $447.0M | $474.8M | $464.8M |
| EPS (diluted) | $2.38 | $2.28 | $2.25 | $2.12 | $2.09 | $1.90 | $1.97 | $2.12 | $2.00 | $2.13 |
| Gross margin | 24.2% | 58.8% | 59.9% | 57.0% | 65.5% | 69.9% | 67.3% | 64.6% | 63.7% | 61.8% |
| Operating margin | 18.0% | 15.8% | 14.7% | 11.1% | 15.9% | 17.6% | 15.6% | 18.7% | 19.7% | 20.1% |
| Net margin | 9.8% | 9.3% | 9.8% | 9.1% | 10.2% | 9.8% | 14.6% | 9.8% | 8.0% | 9.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $413.0M | $570.0M | $533.0M | $403.0M | $411.0M | $617.0M | $532.8M | $393.7M | $402.0M | $609.0M | $517.4M | $379.6M |
| Cost of revenue | $359.0M | $206.0M | $391.0M | $115.0M | $130.0M | $256.0M | $218.5M | $142.0M | $144.0M | $293.0M | $219.9M | $148.3M |
| Gross profit | $54.0M | $364.0M | $142.0M | $288.0M | $281.0M | $361.0M | $314.2M | $251.7M | $258.0M | $316.0M | $297.4M | $231.3M |
| Total operating expenses | $1.0M | $230.0M | $30.0M | $228.0M | $224.0M | $236.0M | $212.4M | $202.9M | $203.0M | $215.0M | $198.2M | $193.3M |
| Operating income | $54.0M | $134.0M | $112.0M | $60.0M | $57.0M | $125.0M | $101.9M | $48.8M | $55.0M | $101.0M | $99.2M | $38.1M |
| Interest income | — | — | $37.0M | $38.0M | $36.0M | $37.0M | $36.9M | $36.0M | — | — | — | $34.6M |
| Interest expense | $39.0M | $38.0M | $37.0M | $38.0M | $36.0M | $37.0M | $36.9M | $36.0M | $35.4M | $36.6M | $35.5M | $34.6M |
| Income before taxes | $20.0M | $105.0M | $80.0M | $31.0M | $15.0M | $91.0M | $67.8M | $18.0M | $24.0M | $73.0M | $66.7M | $10.9M |
| Income taxes | −$15.0M | $13.0M | $9.0M | $2.0M | $1.0M | $12.0M | $677,000 | −$478,000 | $1.0M | $2.0M | −$17.4M | −$3.8M |
| Net income | $35.0M | $92.0M | $71.0M | $29.0M | $14.0M | $79.0M | $67.2M | $18.5M | $23.0M | $71.0M | $84.1M | $14.7M |
| EBITDA | $117.0M | $210.0M | $190.0M | $142.0M | $123.0M | $199.0M | $175.1M | $122.0M | $128.0M | $178.0M | $169.4M | $112.4M |
| EPS (diluted) | $0.17 | $1.11 | $0.87 | $0.36 | $0.17 | $0.98 | $0.85 | $0.23 | $0.29 | $0.91 | $1.10 | $0.19 |
| Gross margin | 13.1% | 63.9% | 26.6% | 71.5% | 68.4% | 58.5% | 59.0% | 63.9% | 64.2% | 51.9% | 57.5% | 60.9% |
| Operating margin | 13.1% | 23.5% | 21.0% | 14.9% | 13.9% | 20.3% | 19.1% | 12.4% | 13.7% | 16.6% | 19.2% | 10.0% |
| Net margin | 8.5% | 16.1% | 13.3% | 7.2% | 3.4% | 12.8% | 12.6% | 4.7% | 5.7% | 11.7% | 16.3% | 3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AVA's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AVA financial results
In fiscal year 2025 (ended December 31, 2025), Avista reported revenue of $2.0 billion, up 1.3% from the year before. It had net income of $193.0 million (up 7.2%), a net profit margin of 9.8%. Diluted earnings per share came to $2.38. Over five years revenue grew at an average rate of 8.2% a year.
See the AVA stock overview for the latest quote and news, or the AVA chart for price history and technical indicators.
AVA income statement FAQ
What is Avista's annual revenue?
Avista reported total revenue of $2.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.3% from $1.9 billion the previous year.
Is Avista profitable?
Yes. Avista reported net income of $193.0 million in fiscal 2025, a net profit margin of 9.8%; its operating margin was 18.0%.
What is Avista's gross margin?
Avista's gross margin was 24.2% in fiscal 2025: for every $100 of revenue, Avista kept $24 after the direct cost of its products and services.
How fast is Avista growing?
Revenue grew 8.2% a year on average over the last five fiscal years, from $1.3 billion to $2.0 billion.
What are Avista's earnings per share?
Avista earned $2.38 per diluted share in fiscal 2025, compared with $2.28 a year earlier.
When will Avista report its next earnings?
Avista is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Avista's fiscal year end?
Avista's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.