| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 263.59 | 17.9% | 11.7% |
| Total Income | 263.59 | 17.9% | 11.7% |
| Expenditure | 296.37 | 72.5% | 71.5% |
| PBT | -42.23 | 204.3% | 180.3% |
| Net Profit | -48.18 | 280.2% | 224.9% |
| OPM | -12.44% | 35.61pp | 39.21pp |
| NPM | -18.28% | 30.24pp | 34.62pp |
| EPS | -0.32 | 277.8% | 233.3% |
Verra Mobility Announces Q2 2026 Financial Results
06 Aug 2026 · 6 Aug, 1:50 am
Summary
Verra Mobility announced its second quarter 2026 financial results, reporting total revenue of $263.6 million, a 12% increase year-over-year. Despite the revenue growth, the company posted a net loss of $(48.2) million for the quarter, a significant decrease from the $38.6 million net income in Q2 2025, primarily due to impairments on goodwill and intangible assets. Adjusted EBITDA showed improvement, reaching $110.7 million compared to $105.3 million in the prior year, though the Adjusted EBITDA margin decreased to 42% from 45%. The company also highlighted significant contract extensions with Avis Budget Group and Hertz and is revising its full-year 2026 guidance.
Key Highlights
- 1
Verra Mobility reported total revenue of $263.6 million for the second quarter of 2026, an increase of 12% compared to $236.0 million for the second quarter of 2025.
- 2
The company reported a net loss of $(48.2) million for the second quarter of 2026, compared to a net income of $38.6 million in the prior year period.
- 3
Adjusted EPS for the second quarter of 2026 was $0.38 per share, an increase from $0.34 per share in the second quarter of 2025.
- 4
Adjusted EBITDA was $110.7 million for the second quarter of 2026, compared to $105.3 million for the same period in 2025, with an Adjusted EBITDA Margin of 42% in Q2 2026.
- 5
The Government Solutions segment generated total revenue of $128.5 million, a 20% increase compared to $107.1 million in the same period in 2025.
- 6
Verra Mobility entered into a seven-year contract extension with Avis Budget Group, Inc. and a five-year contract extension with Hertz.
- 7
The company is revising its fiscal year 2026 guidance, with total revenue projected between $945 million to $965 million.
Management Comments
Jon Keyser
I am proud of what our team accomplished during the second quarter, delivering revenue and profitability above our internal expectations while continuing to execute well across the business. During the quarter, we also retained two of our most important customer relationships by extending our long-standing agreements with Avis Budget Group and Hertz. These agreements, together with our selection by the City of Los Angeles to implement California's largest speed safety program, reflect the strength of our technology, our operational capabilities and the trust our customers place in Verra Mobility. This has been a transformative quarter for our company. On behalf of our leadership team, I want to sincerely thank our employees for embracing change, acting with urgency and re-centering our focus on customer success. Their commitment is helping build a more agile, customer-centric Verra Mobility and positions us for long-term value creation.
Informational and educational content only. Not investment advice.