Quarterly ResultMay 6, 2026, 04:52 PM
Verra Mobility Q1 Revenue $223.6M; Net Income $26.7M, EPS $0.17
AI Summary
Verra Mobility reported a slight increase in total revenue to $223.6 million for Q1 2026, up from $223.3 million in Q1 2025. However, net income decreased to $26.7 million ($0.17 diluted EPS) compared to $32.3 million ($0.20 diluted EPS) in the prior year. The company also saw a significant increase in share repurchases to $50.7 million and an increase in total debt, while credit loss expense decreased.
Key Highlights
- Total revenue slightly increased to $223.6 million in Q1 2026 from $223.3 million in Q1 2025.
- Net income decreased to $26.7 million in Q1 2026 from $32.3 million in Q1 2025.
- Diluted EPS was $0.17 in Q1 2026, down from $0.20 in Q1 2025.
- Net cash provided by operating activities decreased to $40.8 million from $63.0 million year-over-year.
- The company repurchased $50.7 million in shares during Q1 2026, significantly up from $36K YoY.
- Total debt, net, increased to $1.06 billion as of March 31, 2026.
- Credit loss expense significantly decreased to $2.6 million in Q1 2026 from $8.1 million in Q1 2025.
- NYCDOT represented 15.2% of total revenue for the three months ended March 31, 2026.
Price Impact
More from VRRM