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NRG Energy NRG Vivint Smart Home — Operating Expenses

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Other financials

Income statement

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Revenue$10.3B+19.5%
Gross profit$1.4B-30.9%
Operating income$328.0M-71.1%
Net income$125.0M-83.3%
EPS (diluted)$0.52-85.6%

Balance sheet

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Cash & equivalents$178.0M-74.3%
Total debt$26.8B+122%
Total equity$4.9B+75.5%
Total assets$40.1B+60.3%

Cash flow

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Operating cash flow-$169.0M-120%
CapEx$317.0M+46.1%
Free cash flow-$486.0M-176%

Valuation

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Market cap$31.51B+4.9%
Enterprise value$58.15B+37.7%
P/E131.9×+74.3×
P/S0.0×

Profitability

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Gross margin16.4%-5.0pp
Operating margin3.2%-6.0pp
Net margin0.7%-3.9pp
FCF margin5.7%

Returns & leverage

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Return on equity6.2%-38.7pp
Debt / equity5.5×+1.1×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by NRG Energy in its filing.

Tagged under the XBRL concept nrg:SegmentOperatingExpenses.

The official record: NRG Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NRG Energy's vivint smart home — operating expenses?
NRG Energy (NRG) reported vivint smart home — operating expenses of $300M in Q1 2026.
How has NRG Energy's vivint smart home — operating expenses changed year-over-year?
NRG Energy's vivint smart home — operating expenses increased by 14.1% year-over-year, from $263M to $300M.
What is the long-term trend for NRG Energy's vivint smart home — operating expenses?
Over 2 years (2023 to 2025), NRG Energy's vivint smart home — operating expenses has grown at a 22.9% compound annual growth rate (CAGR), from $858M to $1.3B.
What does vivint smart home — operating expenses mean?
The day-to-day costs incurred to operate the smart home business, including sales, marketing, general administrative costs, and service delivery expenses. This excludes depreciation and amortization to focus on cash-based operational efficiency.