Quarterly ResultAug 6, 2026, 07:03 AM
Via Q2 Revenue +26.7% to $135.7M; Net Loss $(19.6)M
AI Summary
Via Transportation reported strong revenue growth for Q2 2026, with revenue increasing by 26.7% to $135.7 million. Despite this growth, the company continued to incur a net loss of $19.6 million for the quarter and an increased net loss of $39.7 million for the six months ended June 30, 2026. Operating expenses also rose, leading to a higher operating loss compared to the prior year, while cash and cash equivalents decreased.
Key Highlights
- Q2 2026 revenue increased 26.7% to $135.7 million from $107.1 million YoY.
- Net loss for Q2 2026 was $(19.6) million, an improvement from $(21.2) million YoY.
- Basic and diluted net loss per share for Q2 2026 was $(0.24), down from $(1.65) YoY.
- Gross profit for Q2 2026 rose 32.5% to $55.6 million from $42.0 million YoY.
- Operating loss for Q2 2026 increased to $(21.8) million from $(16.1) million YoY.
- Net cash used in operating activities for H1 2026 was $(31.8) million, up from $(21.9) million YoY.
- Cash and cash equivalents stood at $335.9 million as of June 30, 2026.
- US revenue for H1 2026 grew 35.2% to $197.7 million.
Price Impact
More from VIA