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VRRM

Verra Mobility Corporation

VRRM

Verra Mobility Corporation • NASDAQ
$21.82 ▼ -0.09% (-0.02)
Market Cap $3.48 B
52w High $27.20
52w Low $19.51
Dividend Yield 0%
P/E 64.18
Volume 595.01K
Outstanding Shares 159.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $261.938M ▲ $177.883M ▲ $46.839M ▲ 17.882% ▲ $0.29 ▲ $110.35M ▲
Q2-2025 $236.025M ▲ $159.256M ▲ $38.575M ▲ 16.344% ▲ $0.24 ▲ $98.647M ▲
Q1-2025 $223.254M ▲ $153.054M ▼ $32.339M ▲ 14.485% ▲ $0.2 ▲ $89.283M ▲
Q4-2024 $221.5M ▼ $177.555M ▲ $-66.656M ▼ -30.093% ▼ $-0.41 ▼ $81.229M ▼
Q3-2024 $225.551M $156.283M $34.732M 15.399% $0.21 $93.934M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $196.096M ▲ $1.778B ▲ $1.375B ▲ $403.148M ▲
Q2-2025 $147.651M ▲ $1.695B ▲ $1.343B ▼ $352.102M ▲
Q1-2025 $108.453M ▲ $1.643B ▲ $1.344B ▼ $299.575M ▲
Q4-2024 $77.56M ▼ $1.614B ▼ $1.349B ▼ $265.125M ▼
Q3-2024 $206.088M $1.851B $1.364B $486.546M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $46.839M ▲ $77.528M ▲ $-28.634M ▲ $-2.213M ▼ $46.374M ▲ $48.778M ▲
Q2-2025 $38.575M ▲ $75.148M ▲ $-34.8M ▼ $-2.186M ▲ $39.394M ▲ $40.273M ▼
Q1-2025 $32.339M ▲ $62.965M ▲ $-21.219M ▼ $-8.734M ▲ $33.377M ▲ $41.722M ▲
Q4-2024 $-66.656M ▼ $40.487M ▼ $-18.689M ▲ $-151.853M ▼ $-132.059M ▼ $21.64M ▼
Q3-2024 $34.732M $108.571M $-23.354M $1.559M $87.815M $85.111M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $10.00M ▲$10.00M ▲$10.00M ▲$20.00M ▲
Service
Service
 $210.00M ▲$210.00M ▲$220.00M ▲$240.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown at a healthy pace over the last five years, showing that demand for Verra Mobility’s services is expanding. Profitability at the gross margin level is strong, meaning the core services are high‑margin once delivered. However, operating profit has been more uneven, improving over time but softening a bit recently. Earnings at the bottom line are positive but relatively small and have trended down over the last two years, suggesting higher costs, interest, or other pressures are absorbing much of the operating strength. Overall, the business looks solid on revenue and core profitability, but less impressive when you look all the way down to net income per share.

Balance Sheet

Balance Sheet The balance sheet shows a company with sizable assets but also a heavy debt load relative to its equity. Cash on hand is modest, not dangerously low but not a large cushion either. Debt has stayed high over the period and clearly dominates the capital structure, while the equity base is comparatively thin and has recently declined. This points to meaningful financial leverage: it can boost returns when things go well but leaves less room for error if growth slows or financing conditions tighten.

Cash Flow

Cash Flow Cash generation from operations has been consistently stronger than reported net income, which is a positive sign for the quality of earnings. Free cash flow has been solid and fairly stable, even as the company has gradually increased its investment in property, equipment, or technology. Capital spending remains very manageable relative to the cash the business produces. Overall, cash flow is a clear strength: the company appears able to fund its own investment needs and service its obligations without stretching its finances, as long as current trends hold.

Competitive Edge

Competitive Edge Verra Mobility operates in a niche but important part of the mobility ecosystem, handling tolling, violations, parking, and related services for fleets, rental car companies, and governments. Its systems are deeply embedded in customers’ operations, which makes switching providers difficult and costly. Long‑term contracts with government agencies and large commercial clients, plus relationships with many tolling authorities, create meaningful barriers to entry. Scale, regulatory know‑how, and an integrated product set across tolling, enforcement, and parking further reinforce its position. On the risk side, the business is exposed to regulation, public policy decisions, and reputational issues around enforcement and privacy, which can shift with politics and public sentiment.

Innovation and R&D

Innovation and R&D The company is leaning into connected and smart mobility trends. It has developed proprietary software and hardware for high‑volume data capture and violation processing, and is using advanced camera, AI, and machine‑learning tools in its government enforcement solutions. Newer platforms like AutoKinex aim to embed payments for tolls, parking, fueling, and charging directly into vehicle systems, starting with a major auto manufacturer partnership. The acquisition of T2 Systems adds a broad parking technology platform, allowing more end‑to‑end urban mobility offerings. Future growth may come from expanding these connected‑vehicle and smart‑city solutions and entering more international markets, though success will depend on partner adoption, competitive responses from automakers and payment providers, and evolving regulations.

Summary

Verra Mobility shows a business with steady revenue growth, high underlying margins, and strong cash generation, but only modest net profits after all costs and interest. The balance sheet is clearly leveraged, with significant debt and a relatively small equity base, which raises sensitivity to changes in interest rates, refinancing conditions, or any downturn in demand. Competitively, the company benefits from deep integration with customers, long contracts, and a comprehensive suite of mobility services that is not easy to replicate. Its innovation efforts in connected vehicles, automated enforcement, and parking technology position it well for long‑term trends in smart mobility and urban transportation. The key tensions to watch are between strong cash flow and growth opportunities on one side, and regulatory, political, and leverage risks on the other.

NEWS

November 25, 2025 · 8:00 AM UTC

Verra Mobility to Participate at the UBS Global Technology and AI Conference

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November 21, 2025 · 6:30 AM UTC

Verra Mobility exits Ontario as new speed camera ban takes effect

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November 20, 2025 · 9:19 AM UTC

Verra Mobility launches AutoKinex™ to provide drivers with seamless and secure in-vehicle payments; Partners with Stellantis for nationwide automated tolling service

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November 17, 2025 · 9:20 AM UTC

73% of Americans believe EV owners should pay an 'energy tax' to help fund roadways and infrastructure, according to survey from Verra Mobility

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November 12, 2025 · 9:15 AM UTC

T2 Systems integrates gold-standard credit card payment encryption into its Parking Access and Revenue Control Systems for secure, faster, contactless parking

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