| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 261.94 | 11.0% | 16.1% |
| Total Income | 261.94 | 11.0% | 16.1% |
| Expenditure | 187.13 | 8.3% | 15.8% |
| PBT | 64.67 | 22.9% | 33.4% |
| Net Profit | 46.84 | 21.4% | 34.9% |
| OPM | 28.56% | 1.79pp | 0.23pp |
| NPM | 17.88% | 1.54pp | 2.48pp |
| EPS | 0.29 | 20.8% | 38.1% |
Verra Mobility Reports Q3 2025 Revenue of $261.9 Million, Up 16% YoY
04 May 2026 · 4 May, 8:37 am
Summary
Verra Mobility Corporation announced strong third-quarter results, with total revenue reaching $261.9 million, a 16% increase compared to the third quarter of 2024. Net income also saw a significant rise, reaching $46.8 million, or $0.29 per share. The growth was primarily driven by the New York City red-light expansion change order. Based on the year-to-date performance and outlook for the fourth quarter, the company is increasing its full-year 2025 revenue guidance while reaffirming all other guidance measures.
Key Highlights
- 1
Verra Mobility's total revenue for the third quarter of 2025 was $261.9 million, representing a 16% increase compared to $225.6 million in the third quarter of 2024.
- 2
Net income for the third quarter of 2025 reached $46.8 million, or $0.29 per share, compared to $34.7 million, or $0.21 per share, in the comparable 2024 period.
- 3
Adjusted EBITDA for the third quarter of 2025 was $113.3 million, compared to $104.7 million for the same period in 2024.
- 4
Net cash provided from operations decreased to $77.7 million for the three months ended September 30, 2025, from $108.8 million in the prior year period.
- 5
The Government Solutions segment's revenue increased by 28% to $122.6 million, driven by the NYCDOT red-light expansion program.
- 6
The company is increasing full year 2025 revenue guidance to $955 million to $965 million.
Management Comments
David Roberts
We delivered a strong third quarter with all key financial measures ahead of our internal expectations. Driven primarily by the New York City red-light expansion change order, the Company generated 16 percent revenue growth compared to the third quarter of 2024. Based on our strong year-to-date performance and our outlook for the fourth quarter, we are increasing Full Year 2025 revenue guidance and reaffirming all other guidance measures.
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