Quarterly ResultMay 6, 2026, 04:25 PM
Verra Mobility Q1 Revenue $223.6M; Diluted EPS $0.17
AI Summary
Verra Mobility announced its first quarter 2026 financial results, reporting a slight revenue increase to $223.6 million, up 0.1% year-over-year. However, net income decreased to $26.7 million, or $0.17 diluted EPS, compared to $32.3 million, or $0.20 diluted EPS, in the prior year. The company reaffirmed its full-year 2026 guidance for total revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, and repurchased $50.2 million in shares during the quarter.
Key Highlights
- Total revenue for Q1 2026 was $223.6 million, a 0.1% increase from Q1 2025.
- Net income for Q1 2026 was $26.7 million, or $0.17 diluted EPS, down from $32.3 million ($0.20 EPS) in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $86.0 million, down from $95.4 million in Q1 2025.
- Net cash provided from operations decreased to $40.8 million in Q1 2026 from $63.0 million in Q1 2025.
- Free Cash Flow was $9.6 million for Q1 2026, down from $41.7 million in Q1 2025.
- Government Solutions segment revenue increased 3% to $105.3 million.
- Commercial Services segment revenue decreased 4% to $97.8 million.
- Verra Mobility reaffirmed its fiscal year 2026 guidance, expecting total revenue of $1,020M-$1,030M.
- The company repurchased 2,215,800 shares for $50.2 million in Q1 2026.