Verra Mobility Corporation
23.84-0.16 (-0.67%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · VRRM · USD
Key Stats
Market Cap
3.80BP/E (TTM)
95.36Basic EPS (TTM)
0.25Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Verra Mobility posted solid Q3 results, with total revenue climbing 16.1% year-over-year to $261.9M, fueled by 11.9% service revenue growth to $243.2M and a 126.0% surge in product sales to $18.7M, while operating income rose 17.1% to $74.8M on steady margins around 28.6%. Government Solutions led the charge, up 28.0% to $122.6M thanks to NYCDOT's red-light camera expansion and bus lane programs, while Commercial Services grew 7.4% to $117.3M from higher tolling activity. Diluted EPS held at $0.29, matching basic shares of 159.6M with minor dilution from 2.3M equivalents. Cash swelled to $196.1M, operating cash flow hit $215.8M YTD (up 17.8% derived), and free cash flow reached $131.0M after $84.9M capex, against $1.0B debt at 6.1% rates and $123.2M revolver availability. Refinancing extended maturities to 2030-2032. Yet NYCDOT contract renewal hangs in the balance.
8-K
Q3 revenue surges 16%
Verra Mobility reported Q3 2025 revenue of $261.9 million, up 16% year-over-year, fueled by a $17 million boost from New York City's red-light camera expansion with 130 installations. Net income climbed to $46.8 million, while the board boosted its share repurchase authorization by $150 million to $250 million total, signaling confidence amid strong cash flows. Yet margins dipped to 43% on higher implementation costs. Guidance now eyes $955–965 million full-year revenue.
8-K
The main summary paragraph of the filing
The provided text is a legal document: a Second Amended and Restated First Lien Term Loan Credit Agreement dated October 17, 2025, among Verra Mobility Corporation (Holdings), VM Consolidated, Inc. (Lead Borrower), and other parties, with Bank of America, N.A. as Administrative Agent. It outlines terms for term loans, including commitments, interest rates, covenants, and events of default. Key points include: initial term loans of $688,804,156.05, interest at Base Rate plus Applicable Margin or Term SOFR plus Applicable Margin, mandatory repayments starting March 31, 2026, and various financial covenants. The agreement is governed by New York law.
8-K
Q2 revenue up 6%, guidance holds
Verra Mobility reported Q2 2025 revenue of $236.0 million, up 6% from $222.4 million last year, with net income rising to $38.6 million from $34.2 million. Government Solutions surged 10% on enforcement program expansions, while Commercial Services grew 5% via tolling and European gains; Parking dipped 4%. Cash from operations hit $75.1 million, boosting free cash flow to $40.3 million. Strong execution shines. The company reaffirmed full-year guidance amid stabilizing travel, yet cautions on potential volume dips.
10-Q
Q2 FY2025 results
Verra Mobility posted solid Q2 results, with total revenue climbing 6.1% year-over-year to $236.0M, fueled by 5.4% service revenue growth to $223.5M from higher travel volumes in Commercial Services and expanded bus lane enforcement in Government Solutions; product sales jumped 20.5% to $12.5M on international demand. Operating income rose 3.3% to $63.2M, while net income surged 12.7% to $38.6M, or $0.24 diluted EPS, aided by lower interest expense from debt refinancing—EPS aligns with 161.5M diluted shares. Cash from operations hit $138.1M year-to-date, boosting cash to $147.7M against $1.0B debt (6.2% weighted rate) and $123.9M revolver availability; free cash flow not disclosed in the 10-Q. NYCDOT contract extension through 2025 supports momentum, yet customer concentration in key segments poses risks.
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