AVISTA CORP (AVA) FY2025 10-K Annual Report

Filed: Feb 25, 2026
Utilities
Electric & Other Services CombinedSEC EDGAR

AVISTA CORP (AVA) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

AVISTA CORP FY2025 10-K Analysis

Business Overview

  • Core business model: Integrated utility providing electricity and natural gas with a focus on risk management and regulatory compliance
  • New emphasis on Generative Artificial Intelligence (GenAI) governance to support operational efficiency and minimize legal, security, financial, and reputational risks
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Management Discussion & Analysis

  • Capital expenditures $17M in 2025, expected $17M (2026), $16M (2027), $11M (2028)
  • Non-regulated investments $4M in 2025, expected $7M (2026), $6M (2027-2028)
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Risk Factors

  • Regulatory engagement with state utility commissions on rate policies under "Regulatory Matters" oversight by Board
  • Climate change-induced wildfire risk mitigated via Wildfire Resiliency Plan and detailed vegetation management inspections
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AVISTA CORP FY2025 Key Financial Metrics
XBRL

Revenue

$2.0B

+1.3% YoY

Net Income

$193M

+7.2% YoY

Operating Margin

18.0%

+223bp YoY

Net Margin

9.8%

+54bp YoY

ROE

7.1%

+18bp YoY

Total Assets

$8.4B

+5.3% YoY

EPS (Diluted)

$2.38

+3.9% YoY

Operating Cash Flow

$469M

-12.2% YoY

Source: XBRL data from AVISTA CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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