As of Q4'25 (2025-12-31), VST reported net income of USD 233M, representing a year-over-year decline of 47.2%. This marks a notable decrease from the previous quarter's net income of USD 652M and continues the negative YoY trend observed since Q1'25. Over the period from Q1'23 to Q4'25, VST's net income has shown significant volatility, with sharp swings between positive and negative values. After strong results in early 2023, net income declined into negative territory in late 2023 and early 2024, before rebounding sharply to a peak of USD 1.89B in Q3'24. However, this recovery was short-lived, as net income fell again in subsequent quarters, accompanied by increasingly negative YoY growth rates, indicating ongoing earnings instability and heightened volatility in recent periods.