Quarterly ResultMay 12, 2026, 07:07 AM
Via Transportation Q1 Revenue $127.4M; Net Loss $(20.1M)
AI Summary
Via Transportation reported a significant increase in revenue for the first quarter of 2026, reaching $127.4 million, up from $98.6 million in the same period last year. Despite the revenue growth, the company's net loss widened to $(20.1) million from $(16.3) million year-over-year. However, basic and diluted net loss per share improved substantially to $(0.25) from $(1.28), largely due to an increase in weighted average shares outstanding following the company's IPO in September 2025. The company maintained compliance with all financial covenants under its credit agreement.
Key Highlights
- Revenue increased to $127.4 million for Q1 2026, up from $98.6 million in Q1 2025.
- Net loss widened to $(20.1) million for Q1 2026, compared to $(16.3) million in Q1 2025.
- Basic and diluted net loss per share improved to $(0.25) for Q1 2026 from $(1.28) in Q1 2025.
- Cash and cash equivalents were $348.2 million as of March 31, 2026, down from $370.9 million at year-end 2025.
- Operating loss for the quarter was $(23.6) million, compared to $(17.2) million in the prior year.
- Government entities contributed $118.5 million in revenue, while commercial entities contributed $8.9 million.
- Remaining performance obligations totaled $275.5 million as of March 31, 2026.
- Stock-based compensation expense significantly increased to $15.6 million from $4.7 million YoY.