Verra Mobility Corporation (VRRM)

Verra Mobility Initiates CEO TransitionJune 1, 2026 4:20 PM
PR Newswire (US) Jon Keyser Appointed Interim Chief Executive OfficerMESA, Ariz., June 1, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that Jon Keyser, who has served as the Company's Chief Transformation Officer and Executive Vice President and Chief Legal Officer, has been appointed interim President and Chief Executive Officer, effective immediately. The Board of Directors determined that now is the right time to initiate a leadership transition, and David Roberts has agreed to step down as President and Chief Executive Officer and as a Director, effective immediately. "Verra Mobility is at an inflection point, as the Company operates in a dynamic market that continues to evolve and grow," said Patrick Byrne, Chairman of the Board. "As a result, the Board determined that a change in leadership is needed as the Company takes decisive actions to realign its cost structure and position the business for future success. The Board and David therefore agreed to initiate this transition. We're grateful to David for his leadership of the Company over the last 12 years through many milestones, including taking the company public. We are conducting a search for our next CEO, focused on candidates we believe will build on our technology, navigate the evolving market, drive growth and create shareholder value in Verra Mobility's next phase."Mr. Byrne continued, "We are pleased to have Jon lead Verra Mobility as CEO during this important time for the Company. Jon is an experienced commercial leader who brings deep knowledge across all aspects of Verra Mobility's business and a well-rounded perspective to the role. He has also worked with the Government Solutions team to unlock the growth of the business and played a key role in making the Company more efficient and prepared for future scale. We are confident in his ability to lead the efforts underway to strengthen the business and drive it forward.""I am honored to take on the role of interim CEO at Verra Mobility," said Mr. Keyser. "I believe that Verra Mobility has a strong foundation built on technology that makes our communities safer, smarter and more connected. We will work with urgency to take near-term action to broaden and deepen our customer relationships, reduce costs and position our business for future growth and value creation. I thank David for his leadership and we wish him the best.""I am grateful and honored for all the years I have been associated with our company. I wish Jon and the team great success in the years ahead," said Mr. Roberts.The Board has retained a leading global executive search firm to assist in identifying the Company's next Chief Executive Officer. The Board intends to conduct a comprehensive search that will include internal and external candidates.About Jon Keyser
Jon Keyser has served as Verra Mobility's Chief Transformation Officer since 2025, driving the cost optimization efforts and streamlining of the business processes of the corporation. He has also been the Executive Vice President and Chief Legal Officer since 2022 where he was responsible for spearheading the efforts to build awareness and sponsorship for traffic safety programs like red light and speeding cameras, and monitoring systems in school zones to foster the safety of children. Jon has partnered closely with the Government Solutions team to drive outsized growth for the business. Prior to joining Verra Mobility, Jon served as Vice President and General Counsel of Honeywell Performance Materials and Technologies (PMT), a division of Honeywell International that developed process technologies, automation solutions, advanced materials, hardware, chemicals, services and industrial software. He was also General Counsel of Honeywell's UOP business and Aerospace Integrated Supply Chain. Prior to Honeywell, Jon served as Assistant General Counsel at Harley-Davidson Motor Company where he led all commercial legal, litigation and product regulatory matters, and he was formerly a mergers and acquisitions attorney at Hogan Lovells US LLP. Prior to that, Jon was an intelligence officer in the United States Air Force with combat deployments in Iraq and Afghanistan. Jon holds a Bachelor of Science degree from the United States Air Force Academy and a law degree from the University of Denver.About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter, and more connected. The Company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data, and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The Company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in the United States, Australia, Europe and Canada. For more information, please visit www.verramobility.com.Forward-Looking Statements
This press release contains forward-looking statements which address our expected future business and performance, and may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will" or similar expressions. Forward-looking statements include statements regarding our technology, our evolving market, our growth, our ability to create shareholder value, our ability to take action to broaden and deepen our customer relationships, reduce costs and position our business for future growth and value creation, any other statements about our management's future expectations, beliefs, goals, plans or prospects, and all statements other than historical facts. Forward-looking statements involve risks and uncertainties, and a number of factors could cause actual results to differ materially from those currently anticipated. These factors include, but are not limited to, the impact of negative industry and macroeconomic conditions, including the impact of government actions and regulations, such as tariffs, trade protection measures, military conflicts, or a government shutdown, on our customers or Verra Mobility; customer concentration in our Commercial Services and Government Solutions segments, including risks impacting such segments such as travel demand and legislation, and the risk of losing a customer; risks related to our contract with NYCDOT, which comprises a material portion of our revenue, including the timing of payments; risks associated with the termination of a significant customer agreement and the renewal of other Commercial Services customer agreements; risks and uncertainties related to our government contracts, including legislative changes, termination rights, delays in payments, audits, and investigations; decreases in the prevalence or political acceptance of, or an increase in governmental restrictions regarding, automated and other similar methods of photo enforcement, parking solutions, or the use of tolling; our ability to successfully implement our acquisition strategy or integrate acquisitions; failures in or breaches of our networks or systems, including as a result of cyber-attacks or other incidents; risks and uncertainties related to our international operations and our ability to develop and successfully market new products and technologies into new markets; our failure to acquire necessary intellectual property or adequately protect our intellectual property; our ability to manage our substantial level of indebtedness; our ability to maintain effective internal controls over financial reporting; our ability to properly perform under our contracts and otherwise satisfy our customers; risks associated with the use of artificial intelligence and related tools; decreased interest in outsourcing from our customers; our ability to keep up with technological developments and changing customer preferences; our ability to compete in a highly competitive and rapidly evolving market; risks and uncertainties related to our share repurchase program; risks and uncertainties related to litigation and other disputes and regulatory investigations; our reliance on specialized third-party providers; and other risks and uncertainties indicated from time to time in documents we filed or will file with the Securities and Exchange Commission (the "SEC"). In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our 2025 Annual Report on Form 10-K and first quarter 2026 Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date of this press release and except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments, or otherwise.Investor Relations Contact
Mark Zindler
mark.zindler@verramobility.com View original content to download multimedia:https://www.prnewswire.com/news-releases/verra-mobility-initiates-ceo-transition-302787557.htmlSOURCE Verra Mobility Original: Verra Mobility Initiates CEO Transition

$VRRM Price Targets

https://www.quiverquant.com/news/Verra+Mobility+plunges+after+Avis+Budget+termination+notice+and+guidance+cut

Multiple analysts have issued price targets for $VRRM recently. We have seen 4 analysts offer price targets for $VRRM in the last 6 months, with a median target of $8.5.

Here are some recent targets:

David Koning from Baird set a target price of $8.0 on 05/27/2026
Faiza Alwy from Deutsche Bank set a target price of $9.0 on 05/27/2026
Tomohiko Sano from JP Morgan set a target price of $8.0 on 05/27/2026

I agree 100% with this analysis - thanks for posting. Yesterday I said $7.50 to $10 so the reddit user and myself are very close in target price once the hysteria is over.

EB

Not my content, I'm sharing from a Reddit Post. But the Analysis seems Solid, pointing at this panic selling of VRRM is a massive overreaction.

The market is pricing in catastrophe. I'm pricing in just the Avis loss – and the numbers scream upside.

Verra's own revised 2026 guidance (post-Avis) is solid:

Revenue: $985–995M

Adj. EBITDA: $380–385M

Adj. EPS: ~$1.22 (midpoint)

FCF: $140–150M

Net debt: ~$1,017M (only 2.5x leverage)

This is still a highly profitable, cash-generating machine.

1. EPS – ridiculously cheap (6-8x is more than fair for this quality):

Multiple Implied Price
6x $7.30
7x $8.50
8x $9.75
At $4, the market is giving you a ~3.3x multiple on earnings. That's absurd for a business that just gave clear guidance.

2. FCF yield – you're being paid to wait (12-15% yield is typical):

FCF Yield Implied Price
12% $7.80
10% $9.35
At $4, the market demands a 23-25% FCF yield – that's bankruptcy pricing. Verra is nowhere near bankruptcy.

3. EV/EBITDA – still a bargain (even at $8-9):

Price EV/EBITDA
$8 ~5.9x
$9 ~6.3x
$10 ~6.7x
A profitable, cash-flowing business with 2.5x leverage trading at ~6x EV/EBITDA? That's not expensive – that's value territory.

What's really happening?

The market is pricing in a worst-case scenario – assuming Avis is just the first domino and Hertz/Enterprise will follow. But there is zero evidence of that yet. Meanwhile, management has 2 years to renegotiate, cut costs, and grow the government segment (hello $998M NYC contract + MOSAIC savings).

My bull case scenarios:

Scenario Fair Value
Only Avis (and guidance holds) $7–9 ✅
Avis + fear (no actual contagion) $5–6
Avis + total client meltdown $3–4
At $4, you're being offered the third scenario – but paying for the first. That's a massive disconnect.

The bottom line:
This is not a broken company. It's a temporarily panicked stock. If you believe Verra keeps Hertz and Enterprise (and I do), then $8 is the obvious fair value. The current price is just fear.

TL;DR: Bull case 8-9.Currentprice8-9.Currentprice4 is a gift. Market is wrong – again.

Recovery is just beginning, I set a price target of $7.50 - $10 - shouldn't to long of a hold IMO

I picked some up here on the unjustified carnage.

Losing a customer that was about 10% of the business does not justify a 71+% drop in price.

Verra Mobility Receives Termination of Agreement Notice From Avis Budget GroupMay 26, 2026 4:05 PM
PR Newswire (US) Taking immediate actions to reduce costs, adapt operations, and position the business for continued growth and future opportunitiesProvides revised 2026 full-year outlookMESA, Ariz., May 26, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it received a termination notice from Avis Budget Group regarding its contract with Verra Mobility, effective September 2026. Verra Mobility is taking steps to reduce costs and re-allocate certain resources associated with the customer to other customers. "We were surprised and disappointed to receive this notice from Avis Budget Group given our longstanding partnership and the significant time invested by both parties in ongoing extension negotiations," said David Roberts, President and CEO of Verra Mobility. "We are now moving decisively to reduce costs, adapt our operations, and position the business for continued growth and future opportunities."Mr. Roberts continued, "We are proud of the value our Commercial Services platform delivers by simplifying complex operational processes for fleet operators and enabling customers to focus on their core business. We remain confident in the strength of our platform, our ability to continue innovating, and our capacity to meet customers' evolving needs while mitigating the impact of this development."Verra Mobility intends to protect its contractual rights, intellectual property, and business interests. Accordingly, the company is reviewing matters related to the parties' negotiations, the handling of confidential information, and the parties' respective rights and obligations under their agreements.Revised 2026 Full-Year Guidance Based on the Company's year-to-date 2026 results and outlook for the remainder of the year including the aforementioned termination notice, Verra Mobility is revising its 2026 full-year financial outlook to the following:Total Revenue of $985 million to $995 millionAdjusted EBITDA of $380 million to $385 millionAdjusted EPS of $1.19 to $1.25Free Cash Flow of $140 million to $150 millionUnderlying Assumptions for 2026 Full-Year GuidanceWeighted average fully diluted share count expected to be approximately 155 million shares for the full-year 2026Effective tax rate (including state taxes) is expected to be 28.0% to 29.0%, with approximately $50 million in total cash taxes expected to be paid in 2026. The effective tax rate for non-GAAP adjustments is provided in the Reconciliation of Net Income to Adjusted Net Income and Calculation of Adjusted EPS in our most recent earnings press release dated May 6, 2026.Depreciation and amortization expense expected to be approximately $125 million for 2026Total interest expense, net expected to be approximately $62 million, of which approximately $60 million is expected to be net cash interest paidChange in working capital (change in operating assets and liabilities) is expected to be zero for 2026Capital expenditures (purchases of installation and service parts and property and equipment) are expected to be approximately $125 million for 2026 relating primarily to camera installations and MOSAIC implementation.The Company currently expects the termination to reduce Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and 2026 annualized segment profit by approximately $120 million to $125 million, before taking into account expected cost reduction initiatives.About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter, and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data, and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility, and support healthier communities. The company also solves complex payment, utilization, and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in the United States, Australia, Europe, and Canada. For more information, please visit www.verramobility.com.Forward-Looking StatementsThis press release contains forward-looking statements which address our expected future business and financial performance, and may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will" or similar expressions. Forward-looking statements include statements regarding expected operating results and metrics, such as revenue growth and expected margins; expectations regarding the impact of the termination by Avis Budget on our business and financial outlook, including the expected reduction in Commercial Services' 2026 annualized revenue and 2026 annualized segment profit; our ability to reduce costs and minimize the impact of the Avis Budget termination; our ability to expand our customer base, meet the evolving needs of our customers; expectations regarding our long-term renewals with other significant Commercial Services customers; full-year guidance for 2026, including expected total revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, and the underlying assumptions for the 2026 full-year guidance, including expected weighted average fully diluted share count, effective tax rate and cash taxes, expected depreciation and amortization expenses, expected interest expense, net and total net cash interest, expected change in working capital, expected capital expenditures, and expected operating expenditures; and our ability to meet our long-term outlook. Forward-looking statements involve risks and uncertainties, and a number of factors could cause actual results to differ materially from those currently anticipated. These factors include, but are not limited to, the impact of negative industry and macroeconomic conditions, including the impact of government actions and regulations, such as tariffs, trade protection measures, military conflicts, or a government shutdown, on our customers or Verra Mobility; customer concentration in our Commercial Services and Government Solutions segments, including risks impacting such segments such as travel demand and legislation, and the risk of losing a customer; risks related to our contract with NYCDOT, which comprises a material portion of our revenue, including the timing of payments; risks associated with the termination of the Avis Budget agreement and the renewal of other Commercial Services customer agreements; risks and uncertainties related to our government contracts, including legislative changes, termination rights, delays in payments, audits, and investigations; decreases in the prevalence or political acceptance of, or an increase in governmental restrictions regarding, automated and other similar methods of photo enforcement, parking solutions, or the use of tolling; our ability to successfully implement our acquisition strategy or integrate acquisitions; failures in or breaches of our networks or systems, including as a result of cyber-attacks or other incidents; risks and uncertainties related to our international operations and our ability to develop and successfully market new products and technologies into new markets; our failure to acquire necessary intellectual property or adequately protect our intellectual property; our ability to manage our substantial level of indebtedness; our ability to maintain effective internal controls over financial reporting; our ability to properly perform under our contracts and otherwise satisfy our customers; risks associated with the use of artificial intelligence and related tools; decreased interest in outsourcing from our customers; our ability to keep up with technological developments and changing customer preferences; our ability to compete in a highly competitive and rapidly evolving market; risks and uncertainties related to our share repurchase program; risks and uncertainties related to litigation and other disputes and regulatory investigations; our reliance on specialized third-party providers; and other risks and uncertainties indicated from time to time in documents we filed or will file with the Securities and Exchange Commission  (the "SEC"). In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our 2025 Annual Report on Form 10-K and first quarter 2026 Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date of this press release and except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments, or otherwise. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods.Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website including our quarterly earnings presentation as a means of disclosing material non-public information, additional financial and operating metrics and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. In addition, you may enroll to automatically receive e-mail alerts and other information about our company by visiting "Email Alerts" under the "Investor Resources" section of the "Investors" portion of our website.Non-GAAP Financial MeasuresWe disclose certain forward-looking financial measures in this press release that are not determined in accordance with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are not recognized measures under GAAP and are not intended to be, and should not be, considered in isolation or as a substitute for, or superior to, financial information prepared in accordance with GAAP. Adjusted EBITDA, Free Cash Flow, and Adjusted EPS are non-GAAP financial measures as defined by the SEC rules. These non-GAAP financial measures may be determined or calculated differently by other companies. As a result, they may not be comparable to similarly titled performance measures presented by other companies. We are not providing a quantitative reconciliation of Adjusted EBITDA, Adjusted EPS or Free Cash Flow which are included in our revised 2026 full-year financial guidance above, in reliance on the "unreasonable efforts" exception for forward-looking non-GAAP measures set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated without unreasonable effort and expense. In this regard, we are unable to provide a reconciliation of forward-looking Adjusted EBITDA to GAAP net income, Adjusted EPS to net income per share and Free Cash Flow to net cash provided by operating activities, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Due to the uncertainty of estimates and assumptions used in preparing forward-looking non-GAAP measures, we caution investors that actual results could differ materially from these non-GAAP financial projections.We use non-GAAP financial measures to measure our performance from period to period, to evaluate and fund incentive compensation programs, to manage the business and to compare our results to those of our competitors. In addition, we also believe that the non-GAAP measures we disclose provide useful information to investors regarding financial and business trends related to our results of operations and that when non-GAAP financial information is viewed with GAAP financial information, investors are provided with a more meaningful understanding of our ongoing operating performance, liquidity, and leverage relative to other periods. Non-GAAP measures have certain limitations as analytical tools and should not be used as substitutes for financial information prepared in accordance with GAAP.Investor Relations Contact
Mark Zindler
mark.zindler@verramobility.com View original content to download multimedia:https://www.prnewswire.com/news-releases/verra-mobility-receives-termination-of-agreement-notice-from-avis-budget-group-302782197.htmlSOURCE Verra Mobility Original: Verra Mobility Receives Termination of Agreement Notice From Avis Budget Group

Verra Mobility Announces First Quarter 2026 Financial ResultsMay 6, 2026 4:05 PM
PR Newswire (US) Total revenue of $223.6 millionNet income of $26.7 millionNet cash provided from operations of $40.8 millionReaffirming fiscal year 2026 guidanceMESA, Ariz., May 6, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2026. "We are pleased with our first quarter performance, which reflects a solid start to 2026. We delivered top-line results in line with expectations, with upside in profitability, while continuing to build momentum across our key growth areas," said David Roberts, President and CEO, Verra Mobility. "We also saw strong bookings in Government Solutions, reinforcing the long-term value and visibility of that segment. As we look ahead, we are well-positioned for continued growth, supported by a robust pipeline and disciplined execution."First Quarter 2026 Financial HighlightsRevenue: Total revenue for the first quarter of 2026 was $223.6 million, an increase of 0.1% compared to $223.3 million for the first quarter of 2025. Service revenue growth was 1%, driven by 4% growth in our Government Solutions segment mostly offset by a 4% decrease from our Commercial Services segment. Government Solutions service revenue growth was driven primarily by $7.5 million in revenue from expansions in speed, red light and bus lane programs outside of the New York City Department of Transportation ("NYCDOT") contract, partially offset by a $3.4 million decrease in revenue primarily driven by the pricing change, net of installation revenue from new camera installations under the new NYCDOT contract. The decline in Commercial Services revenue was due to lower revenue from our fleet management company ("FMC") customers due to prior period customer churn. Parking Solutions service revenue increased by $1.0 million compared to the first quarter of 2025, as increased revenue from our software as a service ("SaaS") product offerings and professional services revenue was offset by a decrease in subscription services revenue related to parking management solutions.Net income and Diluted Earnings Per Share ("EPS"): Net income for the first quarter of 2026 was $26.7 million, or $0.17 per share, based on 153.7 million diluted weighted average shares outstanding. Net income for the comparable 2025 period was $32.3 million, or $0.20 per share, based on 162.1 million diluted weighted average shares outstanding. The decrease in net income for the first quarter of 2026 was primarily attributable to an increase in operating expenses, decrease in product sales, partially offset by a legal settlement finalized in February 2026, in which the company received ordinary shares of a publicly traded company based in Australia.Adjusted EPS*: Adjusted EPS for the first quarter of 2026 was $0.25 per share compared to $0.30 per share for the first quarter of 2025.Adjusted EBITDA*: Adjusted EBITDA was $86.0 million for the first quarter of 2026 compared to $95.4 million for the same period in 2025. Adjusted EBITDA Margin* was 38% and 43% of total revenue for the 2026 and 2025 periods, respectively.Net Cash Provided from Operations: Cash provided by operating activities decreased by $22.2 million from $63.0 million for the three months ended March 31, 2025 to $40.8 million for the three months ended March 31, 2026. Net income year-over-year decreased by $5.6 million, from $32.3 million in 2025 to $26.7 million in 2026. The aggregate adjustments to reconcile net income to net cash provided by operating activities decreased $7.6 million mainly due to the share-based proceeds acquired from a legal settlement finalized in February 2026, and a decrease in credit loss expense, partially offset by an increase in deferred income taxes and the mark-to-market adjustment on the share-based proceeds. The aggregate changes in operating assets and liabilities decreased by $9.0 million in 2026 compared to the prior year were primarily due to an increase in the net use of working capital, of which the majority was attributable to an increase in unbilled receivables and inventory and a decrease in accrued liabilities, partially offset by a decrease in net accounts receivable and prepaid assets.Free Cash Flow*: Free Cash Flow was $9.6 million for the first quarter of 2026 compared to $41.7 million for the prior year period. The decline in Free Cash Flow is attributable to the items impacting cash provided by operating activities (as discussed above) and increased capital expenditures in the Government Solutions segment.*Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure.We report our results of operations based on three operating segments:Commercial Services offers automated toll and violations management and title and registration solutions to rental car companies, fleet management companies and other large fleet owners.Government Solutions delivers automated safety solutions to municipalities, school districts and government agencies, including services and technology that enable photo enforcement cameras to detect and process traffic violations related to speed, red-light, school bus and city bus lane management.Parking Solutions provides an integrated suite of parking software, transaction processing and hardware solutions to universities, municipalities, parking operators, healthcare facilities and transportation hubs in the United States and Canada.First Quarter 2026 Segment DetailThe Commercial Services segment generated total revenue of $97.8 million, a 4% decrease compared to $101.4 million in the same period in 2025. Segment profit was $61.8 million, a 2% decrease from $63.1 million in the prior year period. The decreases in revenue and segment profit compared to the prior year period resulted from lower revenue generated from our FMC customers due to prior period customer churn. The segment profit margin was 63% for the first quarter of 2026 and 62% for the first quarter of 2025. First quarter 2026 segment profit margins benefitted from lower credit loss expense.The Government Solutions segment generated total revenue of $105.3 million, a 3% increase compared to $101.8 million in the same period in 2025. The increase was due to a 4% increase in service revenue over the prior year period, primarily driven by $7.5 million in revenue from expansions in speed, red light, and bus lane programs outside of NYCDOT, partially offset by a $3.4 million decrease in revenue primarily driven by the pricing change, net of installation revenue from new camera installations under the new NYCDOT contract. In addition, product revenue decreased approximately $0.6 million from the prior year period. The segment profit was $20.8 million in 2026 compared to $29.4 million in the prior year period with segment profit margins of 20% for 2026 and 29% for 2025. The decline in segment profit margins compared to the prior year period was primarily driven by increased costs to support project implementations and the pricing change under the new NYCDOT contract.The Parking Solutions segment generated total revenue of $20.4 million, a 2% increase compared to $20.0 million in the same period in 2025 which was due primarily to an increase in SaaS product offerings and professional services, partially offset by a decrease in subscription services related to parking management solutions compared to the prior year period. The segment profit was $3.4 million compared to $2.9 million in the prior year period with segment profit margins of 17% for 2026 and 15% for 2025.Liquidity and Debt: As of March 31, 2026, cash and cash equivalents were $46.9 million and total debt, net was $1,056 million, and we generated $40.8 million in net cash provided by operating activities for the three months ended March 31, 2026.Net Debt and Net Leverage*: As of March 31, 2026, Net Debt was $1,017 million and Net Leverage was 2.5x, as compared to $971.8 million and 2.3x as of December 31, 2025.*Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure.Share RepurchasesDuring the first quarter of fiscal year 2026, we paid $50.2 million to repurchase 2,215,800 shares of our Class A common stock through open market transactions, which shares we subsequently retired. As of March 31, 2026, $66.3 million remained available under our share repurchase authorization.2026 Full Year GuidanceAny guidance that we provide is subject to change as a variety of factors can affect actual operating results. Certain of the factors that may impact our actual operating results are identified below in the safe harbor language included within Forward-Looking Statements of this press release.We are providing the following forward-looking guidance, which includes Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, all of which are non-GAAP financial measures (defined below).Based on our first quarter 2026 results and our outlook for the remainder of the year, we are reaffirming 2026 full year guidance for all financial measures.Total Revenue of $1,020 million to $1,030 millionAdjusted EBITDA of $405 million to $415 millionAdjusted EPS of $1.32 to $1.38Free Cash Flow of $150 million to $160 millionUnderlying Assumptions for 2026 Full Year GuidanceWeighted average fully diluted share count expected to be approximately 155 million shares for the full year 2026Effective tax rate (including state taxes) is expected to be 28.0% to 29.0%, with approximately $50 million in total cash taxes expected to be paid in 2026. The effective tax rate for non-GAAP adjustments is provided in the Reconciliation of Net Income to Adjusted Net Income and Calculation of Adjusted EPSDepreciation and amortization expense expected to be approximately $125 million for 2026Total interest expense, net expected to be approximately $62 million, of which approximately $60 million is expected to be net cash interest paidChange in working capital (change in operating assets and liabilities) is expected to result in a use of cash of approximately $20 million for 2026Capital expenditures (purchases of installation and service parts and property and equipment) are expected to be approximately $125 million for 2026 relating primarily to camera installations and MOSAIC implementationSuccessful outcome of ongoing renewal agreement negotiations with one of our significant Commercial Services customersConference Call DetailsDate: May 6, 2026
Time: 5:00 p.m. Eastern Time
To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.
Webcast Information: Available live in the "Investor Relations" section of our website at http://ir.verramobility.com.A replay of the call will also be made available on the Investor Relations website. A copy of the earnings call presentation will be available on the Investor Relations section of our website.About Verra MobilityVerra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter, and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data, and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility, and support healthier communities. The company also solves complex payment, utilization, and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in the United States, Australia, Europe, and Canada. For more information, please visit www.verramobility.com.Forward-Looking StatementsThis press release contains forward-looking statements which address our expected future business and financial performance, and may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will" or similar expressions. Forward-looking statements include statements regarding changes and trends in the market for our products and services, including expected operating results and metrics, such as revenue growth and expected margins; expansion plans and opportunities; expectations relating to the contract with NYCDOT; expectations regarding the outcome of negotiations for long-term renewals with our significant Commercial Services customers; our ability to improve operational efficiencies and generate cost savings; our ability to achieve expected benefits from transformation and strategic initiatives; full year guidance for 2026, including expected total revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, and the underlying assumptions for the 2026 full-year guidance, including expected weighted average fully diluted share count, effective tax rate and cash taxes, expected depreciation and amortization expenses, expected interest expense, net and total net cash interest, expected change in working capital, expected capital expenditures, and expected operating expenditures; expectations relating to momentum across key growth areas, including bookings in the Government Solutions segment, and our pipeline; our ability to meet our long-term outlook; the expected benefits of our smart mobility platform, including margin expansion impact; and expectations concerning our share repurchase program. Forward-looking statements involve risks and uncertainties, and a number of factors could cause actual results to differ materially from those currently anticipated. These factors include, but are not limited to, the impact of negative industry and macroeconomic conditions, including the impact of government actions and regulations, such as tariffs, trade protection measures, military conflicts, or a government shutdown, on our customers or Verra Mobility; customer concentration in our Commercial Services and Government Solutions segments, including risks impacting such segments such as travel demand and legislation, and the risk of losing a customer; risks related to our contract with NYCDOT, which comprises a material portion of our revenue; risks associated with the renewal of Commercial Services customer agreements, including risks related to the ongoing renewal negotiations with one of our significant Commercial Services customers; risks and uncertainties related to our government contracts, including legislative changes, termination rights, delays in payments, audits, and investigations; decreases in the prevalence or political acceptance of, or an increase in governmental restrictions regarding, automated and other similar methods of photo enforcement, parking solutions, or the use of tolling; our ability to successfully implement our acquisition strategy or integrate acquisitions; failures in or breaches of our networks or systems, including as a result of cyber-attacks or other incidents; risks and uncertainties related to our international operations and our ability to develop and successfully market new products and technologies into new markets; our failure to acquire necessary intellectual property or adequately protect our intellectual property; our ability to manage our substantial level of indebtedness; our ability to maintain effective internal controls over financial reporting; our ability to properly perform under our contracts and otherwise satisfy our customers; risks associated with the use of artificial intelligence and related tools; decreased interest in outsourcing from our customers; our ability to keep up with technological developments and changing customer preferences; our ability to compete in a highly competitive and rapidly evolving market; risks and uncertainties related to our share repurchase program; risks and uncertainties related to litigation and other disputes and regulatory investigations; our reliance on specialized third-party providers; and other risks and uncertainties indicated from time to time in documents we filed or will file with the Securities and Exchange Commission  (the "SEC"). In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our 2025 Annual Report on Form 10-K and first quarter 2026 Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date of this press release and except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments, or otherwise. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods.Additional InformationWe periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website including our quarterly earnings presentation as a means of disclosing material non-public information, additional financial and operating metrics and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. In addition, you may enroll to automatically receive e-mail alerts and other information about our company by visiting "Email Alerts" under the "Investor Resources" section of the "Investors" portion of our website.Non-GAAP Financial MeasuresIn addition to disclosing financial results that are determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we also disclose certain non-GAAP financial information in this press release. These financial measures are not recognized measures under GAAP and are not intended to be, and should not be, considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, Adjusted EPS, Adjusted EBITDA Margin, Net Debt, and Net Leverage are non-GAAP financial measures as defined by SEC rules. These non-GAAP financial measures may be determined or calculated differently by other companies. As a result, they may not be comparable to similarly titled performance measures presented by other companies. Reconciliations of these non-GAAP measurements to the most directly comparable GAAP financial measurements have been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliations.We are not providing a quantitative reconciliation of Adjusted EBITDA, Adjusted EPS, or Free Cash Flow which are included in our 2026 financial guidance above, in reliance on the "unreasonable efforts" exception for forward-looking non-GAAP measures set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated without unreasonable effort and expense. In this regard, we are unable to provide a reconciliation of forward-looking Adjusted EBITDA to GAAP net income, Adjusted EPS to net income per share and Free Cash Flow to net cash provided by operating activities, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Due to the uncertainty of estimates and assumptions used in preparing forward-looking non-GAAP measures, we caution investors that actual results could differ materially from these non-GAAP financial projections.We use the non-GAAP metrics EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, Adjusted EPS, and Adjusted EBITDA Margin to measure our performance from period to period, to evaluate and fund incentive compensation programs and to compare our results to those of our competitors. We use the non-GAAP metrics Free Cash Flow in connection with managing the business and we use the non-GAAP metrics "Net Debt" and "Net Leverage" to understand our overall leverage position and to evaluate capital allocation decisions. In addition, we also believe that these non-GAAP measures provide useful information to investors regarding financial and business trends related to our results of operations and that when non-GAAP financial information is viewed with GAAP financial information, investors are provided with a more meaningful understanding of our ongoing operating performance, liquidity, and leverage relative to other periods. These non-GAAP measures have certain limitations as analytical tools and should not be used as substitutes for net income, cash flows from operations, earnings per share, other consolidated income, cash flow, or debt data prepared in accordance with GAAP.EBITDA and Adjusted EBITDA We define "EBITDA" as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items.Free Cash FlowWe define "Free Cash Flow" as net cash flow provided by operating activities less purchases of installation and service parts and property and equipment.Adjusted Net IncomeWe define "Adjusted Net Income" as net income adjusted to exclude amortization of intangibles and certain non-cash or non-recurring expenses such as loss on extinguishment of debt, among other items.Adjusted EPSWe define "Adjusted EPS" as Adjusted Net Income divided by the diluted weighted average shares for the period.Adjusted EBITDA MarginWe define "Adjusted EBITDA Margin" as Adjusted EBITDA as a percentage of total revenue.Net DebtWe define "Net Debt" as total debt, net excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents.Net LeverageWe define "Net Leverage" as Net Debt divided by the trailing twelve months Adjusted EBITDA as of the current quarter-end.Additional MetricsRecurring Revenue or Recurring Service RevenueWe define "Recurring Revenue" or "Recurring Service Revenue" as all revenue other than product sales for each of our segments, as we typically generate revenue on a recurring monthly basis under long-term contracts with our customers. This includes our Commercial Services segment where we generate service revenue through processing of tolls, violations, and titles and registrations.VERRA MOBILITY CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)(In thousands, except per share data)
March31,
2026

December31,
2025
Assets





Current assets:





Cash and cash equivalents
$46,894

$65,272
Restricted cash

3,212


3,046
Accounts receivable (net of allowance for credit losses of $20.0 million and
$23.0 million at March 31, 2026 and December 31, 2025, respectively)

221,865


234,288
Unbilled receivables

82,687


56,100
Inventory

27,642


20,662
Prepaid expenses and other current assets

56,568


61,534
Total current assets

438,868


440,902
Installation and service parts, net

31,584


27,081
Property and equipment, net

225,879


208,703
Operating lease assets

43,777


36,359
Intangible assets, net

153,366


168,641
Goodwill

741,172


741,610
Other non-current assets

21,352


22,366
Total assets
$1,655,998

$1,645,662
Liabilities and Stockholders' Equity





Current liabilities:





Accounts payable
$114,258

$101,813
Deferred revenue

24,428


26,650
Accrued liabilities

53,868


69,851
Tax receivable agreement liability, current portion

5,257


5,257
Current portion of debt

34,130


6,888
Total current liabilities

231,941


210,459
Debt, net of current portion

1,021,487


1,021,157
Operating lease liabilities, net of current portion

39,484


31,338
Tax receivable agreement liability, net of current portion

38,418


38,418
Asset retirement obligations

18,581


17,789
Deferred tax liabilities, net

15,883


16,341
Other long-term liabilities

18,204


17,200
Total liabilities

1,383,998


1,352,702
Commitments and contingencies





Stockholders' equity





Preferred stock, $0.0001 par value

—


—
Class A common stock, $0.0001 par value

15


15
Additional paid-in capital

541,507


547,274
Accumulated deficit

(259,946)


(243,759)
Accumulated other comprehensive loss

(9,576)


(10,570)
Total stockholders' equity

272,000


292,960
Total liabilities and stockholders' equity
$1,655,998

$1,645,662

VERRA MOBILITY CORPORATION 
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 
AND COMPREHENSIVE INCOME
(Unaudited)

Three Months Ended March31,
(In thousands, except per share data)
2026

2025
Service revenue
$213,392

$211,902
Product sales

10,176


11,352
Total revenue

223,568


223,254
Cost of service revenue, excluding depreciation and amortization

7,391


4,783
Cost of product sales

8,290


8,032
Operating expenses

85,943


73,739
Selling, general and administrative expenses

40,853


51,501
Depreciation, amortization and (gain) loss on disposal of assets, net

29,291


27,814
Total costs and expenses

171,768


165,869
Income from operations

51,800


57,385
Interest expense, net

15,407


16,636
Loss on extinguishment of debt

—


25
Other income, net

(4,094)


(4,109)
Total other expenses

11,313


12,552
Income before income taxes

40,487


44,833
Income tax provision

13,743


12,494
Net income
$26,744

$32,339
Other comprehensive income:





Change in foreign currency translation adjustment

994


2,127
Total comprehensive income
$27,738

$34,466
Net income per share:





Basic
$0.18

$0.20
Diluted
$0.17

$0.20
Weighted average shares outstanding:





Basic

151,847


159,544
Diluted

153,689


162,066

VERRA MOBILITY CORPORATION 
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

Three Months Ended March31,
($ in thousands)
2026

2025
Cash Flows from Operating Activities:





Net income
$26,744

$32,339
Adjustments to reconcile net income to net cash provided by operating activities:





Depreciation and amortization

29,225


27,490
Amortization of deferred financing costs and discounts

563


932
Loss on extinguishment of debt

—


25
Share-based proceeds acquired from legal settlement

(7,865)


—
Unrealized loss on remeasurement of share-based proceeds

1,508


—
Credit loss expense

2,635


8,115
Deferred income taxes

2,016


(1,480)
Stock-based compensation

6,952


6,456
Other

152


1,227
Changes in operating assets and liabilities:





Accounts receivable

9,877


(13,541)
Unbilled receivables

(26,221)


1,508
Inventory

(8,197)


237
Prepaid expenses and other assets

11,255


4,777
Deferred revenue

(2,314)


(3,161)
Accounts payable and other current liabilities

(5,543)


(2,085)
Other liabilities

54


126
Net cash provided by operating activities

40,841


62,965
Cash Flows from Investing Activities:





Purchases of installation and service parts and property and equipment

(31,199)


(21,243)
Cash proceeds from the sale of assets

112


24
Net cash used in investing activities

(31,087)


(21,219)
Cash Flows from Financing Activities:





Borrowings on Amended Revolver

48,500


—
Repayment on Amended Revolver

(22,500)


—
Repayment of term loan debt

(1,722)


(2,255)
Equipment financing arrangements

2,869


—
Payment of debt issuance costs

(579)


(43)
Share repurchases and retirement

(50,237)


—
Proceeds from the exercise of stock options

336


170
Payment of employee tax withholding related to RSUs and PSUs vesting

(5,248)


(6,606)
Net cash used in financing activities

(28,581)


(8,734)
Effect of exchange rate changes on cash and cash equivalents

615


365
Net (decrease) increase in cash, cash equivalents and restricted cash

(18,212)


33,377
Cash, cash equivalents and restricted cash - beginning of period

68,318


81,154
Cash, cash equivalents and restricted cash - end of period
$50,106

$114,531

VERRA MOBILITY CORPORATION 
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (Unaudited)

Three Months Ended March31,
($ in thousands)
2026

2025
Net income
$26,744

$32,339
Interest expense, net

15,407


16,636
Income tax provision

13,743


12,494
Depreciation and amortization

29,225


27,490
EBITDA

85,119


88,959
Transformation expenses (i)

4,193


—
Legal accrual/settlement (ii)

(10,278)


—
Loss on extinguishment of debt

—


25
Stock-based compensation (iii)

6,952


6,456
Adjusted EBITDA
$85,986

$95,440







Adjusted EBITDA Margin

38%

43%Revenue

223,568


223,254


(i)Transformation expenses for the three months ended March 31, 2026 consist of severance and other employee separation costs.(ii)This relates to a legal settlement finalized in the first quarter of 2026 in the form of cash and equity securities, an adjustment relating to the equity securities to remeasure to fair value at the end of the reporting period, and directly associated legal costs incurred during the quarter.(iii)Stock-based compensation represents the non-cash charge related to the issuance of awards under the Verra Mobility Corporation Amended and Restated 2018 Equity Incentive Plan.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH
FLOW (Unaudited)

Three Months Ended March31,
($ in thousands)
2026

2025
Net cash provided by operating activities
$40,841

$62,965
Purchases of installation and service parts and property and equipment

(31,199)


(21,243)
Free Cash Flow
$9,642

$41,722

RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME AND CALCULATION OF
ADJUSTED EPS (Unaudited)

Three Months Ended March31,
(In thousands, except per share data)
2026

2025
Net income
$26,744

$32,339
Amortization of intangibles

15,598


16,697
Transformation expenses (i)

4,193


—
Legal accrual/settlement (ii)

(10,278)


—
Loss on extinguishment of debt

—


25
Stock-based compensation (iii)

6,952


6,456
Total adjustments before income tax effect

16,465


23,178
Income tax effect on adjustments

(4,610)


(6,714)
Total adjustments after income tax effect

11,855


16,464
Adjusted Net Income
$38,599

$48,803







Adjusted EPS
$0.25

$0.30
Diluted weighted average shares outstanding

153,689


162,066
Annual estimated effective income tax rate (iv)

28%

29%

(i)Transformation expenses for the three months ended March 31, 2026 consist of severance and other employee separation costs.(ii)This relates to a legal settlement finalized in the first quarter of 2026 in the form of cash and equity securities, an adjustment related to the equity securities to remeasure to fair value at the end of the reporting period, and directly associated legal costs incurred during the quarter.(iii)Stock-based compensation represents the non-cash charge related to the issuance of awards under the Verra Mobility Corporation Amended and Restated 2018 Equity Incentive Plan.(iv)The annual estimated effective tax rate used above excludes discrete items as they do not impact taxable income. This rate differs from the period-to-date effective tax rate used on our condensed consolidated statements of operations which includes the discrete items.
RECONCILIATION OF TOTAL DEBT, NET TO NET DEBT AND NET LEVERAGE (Unaudited)($ in thousands)
March31,
2026

December31,
2025
Total debt, net
$1,055,617

$1,028,045
Original issue discounts

2,111


2,193
Unamortized deferred financing costs

6,501


6,844
Total debt, excluding original issue discounts and unamortized deferred
financing costs

1,064,229


1,037,082
Cash and cash equivalents

(46,894)


(65,272)
Net Debt
$1,017,335

$971,810







Net Leverage
2.5x

2.3x
Trailing twelve months adjusted EBITDA (i)

406,450


415,905


(i)Trailing Twelve Months or "TTM" refers to the trailing four quarters and is calculated by adding the sum of the current quarter's and the prior three quarters' being measured.
QUARTERLY RESULTS AND RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
(Unaudited)($ in millions)Q1 2025
Q2 2025
Q3 2025
Q4 2025
TTM
2025
Q1 2026
TTM 2026
Net income$32.3
$38.6
$46.8
$18.9
$136.6
$26.7
$131.0
Interest expense, net
16.6

16.6

16.4

15.0

64.6

15.4

63.4
Income tax provision
12.5

14.0

17.8

14.0

58.3

13.7

59.5
Depreciation and amortization
27.6

29.1

28.6

28.9

114.2

29.3

115.9
EBITDA
89.0

98.3

109.6

76.8

373.7

85.1

369.8
Transaction and other related expenses (i)
—

1.1

—

6.3

7.4

—

7.4
Transformation expenses (ii)
—

(1.4)

0.2

10.3

9.1

4.2

13.3
Legal accrual/settlement (iii)
—

—

(1.5)

—

(1.5)

(10.3)

(11.8)
Loss on extinguishment of debt
—

—

—

1.3

1.3

—

1.3
Tax receivable agreement liability adjustment
—

—

—

0.7

0.7

—

0.7
Stock-based compensation (iv)
6.4

7.3

5.0

6.5

25.2

7.0

25.8
Adjusted EBITDA$95.4
$105.3
$113.3
$101.9
$415.9
$86.0
$406.5


(i)Transaction and other related expenses for the periods presented primarily related to deal costs incurred for potential acquisitions and debt modification costs related to the 2025 refinancing on our first lien term loan(ii)Transformation expenses for the three months ended March 31, 2026 consist of severance and other employee separation costs. Transformation expenses for the periods in 2025 primarily consist of expenses related to exit activities initiated during the fourth quarter in addition to a non-cash benefit in relation to a building lease for the full year.(iii)This relates to a legal settlement finalized in the first quarter of 2026 in the form of cash and equity securities, an adjustment related to the equity securities to remeasure to fair value at the end of the reporting period, and directly associated legal costs incurred during the quarter. For the periods in 2025 this item relates to adjustments to loss contingencies.(iv)Stock-based compensation represents the non-cash charge related to the issuance of awards under the Verra Mobility Corporation Amended and Restated 2018 Equity Incentive Plan.Investor Relations Contact
Mark Zindler
mark.zindler@verramobility.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/verra-mobility-announces-first-quarter-2026-financial-results-302764348.htmlSOURCE Verra Mobility Original: Verra Mobility Announces First Quarter 2026 Financial Results

Verra Mobility launches AutoKinex™ Virtual Agent to expedite car rental ancillary service selection with a seamless in-vehicle digital experienceApril 15, 2026 4:15 PM
PR Newswire (US)

Renters can skip the counter and select ancillary services like tolling, fuel and insurance directly from the vehicle interface, reducing wait times and improving agent efficiency MESA, Ariz., April 15, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced the launch of its AutoKinex™ Virtual Agent, a digital solution designed specifically for rental car companies to allow customers to finish the checkout process, and activate add-on services directly from the vehicle, streamlining the rental experience for renters and agents.







Powered by Verra Mobility's AutoKinex™ connected vehicle payments platform, Virtual Agent enables rental car customers to complete key steps of the rental experience directly through the vehicle's infotainment system. Once inside the car, renters can review key rental details and confirm or modify add-on services such as prepaid fuel, tolling or insurance coverage without returning to the rental counter.By shifting traditionally manual, counter-based interactions into the vehicle, Virtual Agent helps rental car companies reduce counter congestion, lower costs and deliver a faster, more frictionless digital experience for customers.The solution also enables rental providers to provide contextual notifications through the vehicle's infotainment system to drivers during their journey, offering timely prompts such as reminding customers to refuel before return or opt into a fuel program, helping drive incremental ancillary service revenue while improving customer experience.A 2025 J.D. Power study found that overall satisfaction was notably higher among rental car customers who skipped the counter than among those who stopped at it."Rental car customers increasingly expect a frictionless, digital-first experience," said Stacey Mosser, executive vice president at Verra Mobility. "AutoKinex Virtual Agent enables true counter-bypass by allowing renters to confirm details and opt into services directly from the vehicle's infotainment system, while giving rental companies direct communication with drivers along with the automation, consistency and compliance they need."Virtual Agent leverages AutoKinex's intelligent workflow automation to guide customers step-by-step through the rental process, ensuring accuracy and clarity. The solution integrates seamlessly with existing rental systems and is designed to scale across fleets and locations.Key benefits of the system include:Counter-bypass enablement, reducing lines and wait times at rental facilitiesIn-vehicle completion of rental agreement add-on preferencesImproved customer experience through guided, self-service interactionsOperational efficiency by minimizing manual processing and staff involvementIntegrated, compliant workflows powered by AutoKinex automationThe AutoKinex Virtual Agent for rental car companies is available now.For more information, visit: www.verramobility.com/autokinex-racs.About Verra MobilityVerra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.Media Relations:Investor Relations:Eric KrantzMark Zindlereric.krantz@verramobility.commark.zindler@verramobility.com










View original content to download multimedia:https://www.prnewswire.com/news-releases/verra-mobility-launches-autokinex-virtual-agent-to-expedite-car-rental-ancillary-service-selection-with-a-seamless-in-vehicle-digital-experience-302742913.htmlSOURCE Verra Mobility

Original: Verra Mobility launches AutoKinex™ Virtual Agent to expedite car rental ancillary service selection with a seamless in-vehicle digital experience

Verra Mobility Announces Fourth Quarter and Full Year 2025 Financial ResultsFebruary 24, 2026 4:05 PM
PR Newswire (US)

Full year 2025 revenue of $979.1 millionFull year 2025 net income of $136.6 millionFull year 2025 net cash provided from operations of $255.8 millionEntered into new five-year contract with the New York City Department of TransportationRepurchased $133.4 million of shares of common stock during the fourth quarter of 2025Establishing fiscal year 2026 guidanceMESA, Ariz., Feb. 24, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2025.







"We closed 2025 with strong execution and momentum across our three business segments," said David Roberts, President and CEO, Verra Mobility. "Total revenue for the fourth quarter increased 16 percent over the fourth quarter of 2024, exceeding our internal expectations while Adjusted EBITDA and Adjusted Earnings Per Share were in-line with our internal expectations. Looking ahead to 2026 and beyond, we are executing against a focused value-creation strategy designed to strengthen our core, enhance profitability and position Verra Mobility for durable long-term growth."Fourth Quarter 2025 Financial HighlightsRevenue: Total revenue for the fourth quarter of 2025 was $257.9 million, an increase of 16% compared to $221.5 million for the fourth quarter of 2024. Service revenue growth was 14%, driven by 21% growth in our Government Solutions segment and 10% growth in our Commercial Services segment. Government Solutions service revenue growth was driven primarily by the New York City Department of Transportation ("NYCDOT") red-light expansion program as well as the expansion of speed, city bus lane, and school bus stop arm enforcement programs, and the growth in Commercial Services revenue was due to increases in product adoption, tolling activity, and our European operations. Parking Solutions service revenue increased by $0.3 million compared to the fourth quarter of 2024, as increased revenue from professional services was offset by a decrease in software as a service ("SaaS") product offerings and subscription services revenue related to parking management solutions.Net income (loss) and Earnings Per Share ("EPS"): Net income for the fourth quarter of 2025 was $18.9 million, or $0.12 per share, based on 159.7 million diluted weighted average shares outstanding. Net loss for the comparable period in fiscal year 2024 was $66.7 million, or $0.41 per share, based on 163.3 million diluted weighted average shares outstanding. The increase in net income for the fourth quarter of 2025 was primarily attributable to goodwill impairment recorded in the prior year period.Adjusted EPS*: Adjusted EPS for the fourth quarter of 2025 was $0.30 per share compared to $0.33 per share for the fourth quarter of 2024.Adjusted EBITDA*: Adjusted EBITDA was $101.8 million for the fourth quarter of 2025 compared to $102.0 million for the same period in 2024. Adjusted EBITDA Margin* was 39% and 46% of total revenue for the 2025 and 2024 periods, respectively. The decline in Adjusted EBITDA Margin was related to increased costs to support project implementations and NYCDOT readiness costs.Net Cash Provided from Operations: Cash provided by operating activities decreased by approximately $0.5 million from $40.5 million for the three months ended December 31, 2024 to $40.0 million for the three months ended December 31, 2025.Free Cash Flow*: Free Cash Flow was $5.7 million for the fourth quarter of 2025 compared to $21.6 million for the prior year period due to increased capital expenditures.*Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure.We report our results of operations based on three operating segments:Commercial Services offers automated toll and violations management and title and registration solutions to rental car companies, fleet management companies, and other large fleet owners.Government Solutions delivers automated safety solutions to states, municipalities, counties, school districts and law enforcement agencies of all sizes, including photo enforcement automated safety solutions and services to detect and process traffic violations related to speed, red-light, school bus, and city bus lane management.Parking Solutions provides an integrated suite of parking software, transaction processing, and hardware solutions to universities, municipalities, commercial parking operators, and health care facilities in the United States and Canada.Fourth Quarter 2025 Segment DetailThe Commercial Services segment generated total revenue of $108.1 million, a 10% increase compared to $98.7 million in the same period in 2024. Segment profit was $69.1 million, a 7% increase from $64.6 million in the prior year period. The increases in revenue and segment profit compared to the prior year period resulted from an increase in product adoption, tolling activity, and our European operations, partially offset by lower revenue from our fleet management business due to prior period customer churn. The segment profit margin was 64% for the fourth quarter of 2025 and 65% for the fourth quarter of 2024.The Government Solutions segment generated total revenue of $129.2 million, a 25% increase compared to $103.2 million in the same period in 2024. The increase was due to a 21% increase in service revenue over the prior year period, driven by a $13.7 million increase from installation service revenue primarily from the NYCDOT red-light expansion program as well as the expansion of bus lane and school bus stop arm enforcement programs. In addition, product revenue increased approximately $5.9 million from the prior year period, due to the NYCDOT red-light expansion program. The segment profit was $31.1 million in the fourth quarter of 2025 compared to $34.6 million in the prior year period with segment profit margins of 24% for the fourth quarter of 2025 and 34% for the fourth quarter of 2024. The decline in segment profit margins compared to the prior year period was primarily driven by increased costs to support project implementations and NYCDOT readiness costs.The Parking Solutions segment generated total revenue of $20.6 million, a 5% increase compared to $19.7 million in the same period in 2024 which was due primarily to an increase in one-time product sales compared to the prior year period. The segment profit was $1.6 million compared to $2.8 million in the prior year period with segment profit margins of 8% for the fourth quarter of 2025 and 14% for the fourth quarter of 2024.Full Year 2025 Financial HighlightsRevenue: Total revenue for fiscal year 2025 was $979.1 million, an increase of 11% compared to $879.2 million for fiscal year 2024. Service revenue growth was 9%, driven by 13% growth in our Government Solutions segment and 7% growth in our Commercial Services segment. Government Solutions service revenue growth was driven primarily by the NYCDOT red-light expansion program as well as the expansion of city bus lane and school bus stop arm enforcement programs, and the growth in Commercial Services revenue was due to increases in product adoption, tolling activity, and our European operations. Parking Solutions service revenue increased by $0.6 million compared to fiscal year 2024, as increased revenue from our SaaS product offerings and professional services revenue was offset by a decrease in subscription services revenue related to parking management solutions.Net income and EPS: Net income for fiscal year 2025 was $136.6 million, or $0.85 per share, based on 161.3 million diluted weighted average shares outstanding. Net income for fiscal year 2024 was $31.4 million, or $0.19 per share, based on 167.7 million diluted weighted average shares outstanding. The increase in net income for fiscal year 2025 was primarily attributable to goodwill impairment recorded in the prior year period.Adjusted EPS*: Adjusted EPS for fiscal year 2025 was $1.32 per share compared to $1.23 per share for fiscal year 2024.Adjusted EBITDA*: Adjusted EBITDA was $415.9 million for fiscal year 2025 compared to $401.6 million for fiscal year 2024. Adjusted EBITDA Margin* was 42% and 46% of total revenue for fiscal years 2025 and 2024, respectively.Net Cash Provided from Operations: Cash provided by operating activities increased by approximately $32.2 million from $223.6 million for fiscal year 2024 to $255.8 million for fiscal year 2025. This was primarily from increased income from operations, partially offset by an increase in deferred income taxes, credit loss expense, impairment of long-lived assets, and an increase in the net use of working capital, of which, the majority is attributable to increases in accounts receivable and prepaid assets partially offset by a large payment that reduced accounts payable in the first half of fiscal year 2024.Free Cash Flow*: Free Cash Flow was $136.7 million for fiscal year 2025 compared to $152.8 million for the prior year period. Free Cash Flow for fiscal year 2025 includes an increase in capital expenditures of $48.2 million and fiscal year 2024 includes an after-tax legal settlement cost of approximately $22.1 million.Liquidity and Debt: As of December 31, 2025, cash and cash equivalents were $65.3 million and long-term debt, net was $1,028.0 million, and we generated $255.8 million in net cash provided by operating activities for the year ended December 31, 2025.Net Debt and Net Leverage*: As of December 31, 2025, Net Debt was $971.8 million and Net Leverage was 2.3x, as compared to $968.0 million and 2.4x as of December 31, 2024.*Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure.New York City Department of Transportation Red-Light Camera Expansion and New Contract Update
Our contract with NYCDOT expired on December 31, 2025, and we entered into a new contract with NYCDOT, effective January 1, 2026, to manage New York City's automated enforcement camera safety program for a five-year period, with an option for the parties to extend for an additional five-year term. The total contract value for the new NYCDOT contract is $998 million. The terms of the new contract are materially different than our prior contract with NYCDOT, including service level agreements, service credits, liquidated damages, cybersecurity, and subcontracting requirements.In March 2025, NYCDOT instructed us through a change order to our then-existing contract with NYCDOT to install additional red-light cameras by year-end 2025 as part of a legislatively authorized expansion. We installed 300 red-light cameras during the third and fourth quarters of 2025, which contributed approximately $38.4 million of revenue in fiscal year 2025, of which approximately $23.9 million was installation services revenue and approximately $14.5 million was product revenue.Refinancing
On October 17, 2025, (i) certain of our direct and indirect wholly owned subsidiaries, including VM Consolidated, Inc. ("VM Consolidated"), entered into an Amended and Restated Revolving Credit Agreement which provides for a $150 million senior secured asset-based revolving credit facility with a $35 million sublimit for the issuance of letters of credit, and matures on October 17, 2030 (subject to an earlier maturity date in certain circumstances), and (ii) VM Consolidated and certain of our subsidiaries entered into the Amendment and Restatement Agreement No. 2 to the Amended and Restated First Lien Term Loan Credit Agreement dated as of March 26, 2021, to refinance the existing senior secured term loans in an aggregate outstanding principal amount of approximately $688.8 million with a new senior secured term loan of the same principal amount maturing on October 15, 2032.Stockholder Repurchase Expansion Approval
In May 2025, our Board of Directors authorized a share repurchase program for up to an aggregate amount of $100.0 million of our outstanding shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), over an 18-month period. On October 23, 2025, our Board of Directors authorized the repurchase of up to an additional $150.0 million of our outstanding shares of Class A Common Stock under the existing May 2025 program, providing us with $250.0 million available for repurchases. Under the repurchase program, we may purchase shares of Class A Common Stock until November 13, 2026 through open market purchases, in privately negotiated transactions, or by other means, including trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and accelerated share repurchase agreements, each as permitted under applicable rules and regulations. The amount and timing of repurchases will be determined at our discretion and will depend on a variety of factors, including price, general business and market conditions, applicable legal requirements, and alternative investment opportunities. The repurchase program does not obligate us to acquire any particular amount of Class A Common Stock or at any specific time intervals and may be modified, suspended, or terminated at any time. During the fourth quarter of fiscal year 2025, we paid $133.4 million to repurchase 6,028,853 shares of our Class A Common Stock through open market transactions, which shares we subsequently retired.2026 Full Year Guidance
Any guidance that we provide is subject to change as a variety of factors can affect actual operating results. Certain of the factors that may impact our actual operating results are identified below in the safe harbor language included within Forward-Looking Statements of this press release.We are providing the following forward-looking guidance, which includes Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, all of which are non-GAAP financial measures (defined below).Total Revenue of $1,020 million to $1,030 millionAdjusted EBITDA of $405 million to $415 millionAdjusted EPS of $1.32 to $1.38Free Cash Flow of $150 million to $160 millionUnderlying Assumptions for 2026 Full Year GuidanceWeighted average fully diluted share count expected to be approximately 155 million shares for the full year 2026Effective tax rate (including state taxes) is expected to be 28.0% to 29.0%, with approximately $50 million in total cash taxes expected to be paid in 2026. The effective tax rate for non-GAAP adjustments is provided in the Reconciliation of Net Income (Loss) to Adjusted Net Income and Calculation of Adjusted EPSDepreciation and amortization expense expected to be approximately $125 million for 2026Total interest expense, net expected to be approximately $62 million, of which approximately $60 million is expected to be net cash interest paidChange in working capital (change in operating assets and liabilities) is expected to result in a use of cash of approximately $20 million for 2026Capital expenditures (purchases of installation and service parts and property and equipment) are expected to be approximately $125 million for 2026 relating primarily to camera installations and MOSAIC implementationConference Call DetailsDate: February 24, 2026
Time: 5:00 p.m. Eastern Time
To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.
Webcast Information: Available live in the "Investor Relations" section of our website at http://ir.verramobility.com.A replay of the call will also be made available on the Investor Relations website. A copy of the earnings call presentation will be available on the Investor Relations section of our website.About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter, and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data, and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility, and support healthier communities. The company also solves complex payment, utilization, and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in the United States, Australia, Europe, and Canada. For more information, please visit www.verramobility.com. Forward-Looking Statements
This press release contains forward-looking statements which address our expected future business and financial performance, and may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will" or similar expressions. Forward-looking statements include statements regarding changes and trends in the market for our products and services, including expected operating results and metrics, such as revenue growth and expected margins; expansion plans and opportunities; expectations relating to the new contract with NYCDOT; full-year guidance for 2026, including expected total revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, and the underlying assumptions for the 2026 full-year guidance, including expected weighted average fully diluted share count, effective tax rate and cash taxes, expected depreciation and amortization, expected interest expense, net and total net cash interest, expected change in working capital, expected capital expenditures, and expected operating expenditures; our ability to execute against a focused value-creation strategy designed to strengthen our core, enhance profitability, and position us for durable long-term growth for 2026 and beyond; our ability to meet our long-term outlook; the expected benefits of our smart mobility platform, including margin expansion impact; and expectations concerning our share repurchase program. Forward-looking statements involve risks and uncertainties, and a number of factors could cause actual results to differ materially from those currently anticipated. These factors include, but are not limited to, the impact of negative industry and macroeconomic conditions, including the impact of government actions and regulations, such as tariffs, trade protection measures, or a government shutdown, on our customers or Verra Mobility; customer concentration in our Commercial Services and Government Solutions segments, including risks impacting such segments such as travel demand and legislation, and the risk of losing a customer; risks related to our contract with NYCDOT, which comprises a material portion of our revenue; risks and uncertainties related to our government contracts, including legislative changes, termination rights, delays in payments, audits, and investigations; decreases in the prevalence or political acceptance of, or an increase in governmental restrictions regarding, automated and other similar methods of photo enforcement, parking solutions, or the use of tolling; our ability to successfully implement our acquisition strategy or integrate acquisitions; failures in or breaches of our networks or systems, including as a result of cyber-attacks or other incidents; risks and uncertainties related to our international operations and our ability to develop and successfully market new products and technologies into new markets; our failure to acquire necessary intellectual property or adequately protect our intellectual property; our ability to manage our substantial level of indebtedness; our ability to maintain effective internal controls over financial reporting; our ability to properly perform under our contracts and otherwise satisfy our customers; risks associated with the use of artificial intelligence and related tools; decreased interest in outsourcing from our customers; our ability to keep up with technological developments and changing customer preferences; our ability to compete in a highly competitive and rapidly evolving market; risks and uncertainties related to our share repurchase program; risks and uncertainties related to litigation and other disputes and regulatory investigations; our reliance on specialized third-party providers; and other risks and uncertainties indicated from time to time in documents we filed or will file with the Securities and Exchange Commission  (the "SEC"). In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our 2025 Annual Report on Form 10-K. These forward-looking statements speak only as of the date of this release and except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments, or otherwise. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods.Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website including our quarterly earnings presentation as a means of disclosing material non-public information, additional financial and operating metrics and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. In addition, you may enroll to automatically receive e-mail alerts and other information about our company by visiting "Email Alerts" under the "Investor Resources" section of the "Investors" portion of our website.Non-GAAP Financial Measures
In addition to disclosing financial results that are determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we also disclose certain non-GAAP financial information in this press release. These financial measures are not recognized measures under GAAP and are not intended to be, and should not be, considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, Adjusted EPS, Adjusted EBITDA Margin, Net Debt, and Net Leverage are non-GAAP financial measures as defined by SEC rules. These non-GAAP financial measures may be determined or calculated differently by other companies. As a result, they may not be comparable to similarly titled performance measures presented by other companies. Reconciliations of these non-GAAP measurements to the most directly comparable GAAP financial measurements have been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliations.We are not providing a quantitative reconciliation of Adjusted EBITDA, Adjusted EPS, or Free Cash Flow which are included in our 2026 financial guidance above, in reliance on the "unreasonable efforts" exception for forward-looking non-GAAP measures set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated without unreasonable effort and expense. In this regard, we are unable to provide a reconciliation of forward-looking Adjusted EBITDA to GAAP net income, Adjusted EPS to net income per share and Free Cash Flow to net cash provided by operating activities, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Due to the uncertainty of estimates and assumptions used in preparing forward-looking non-GAAP measures, we caution investors that actual results could differ materially from these non-GAAP financial projections.We use the non-GAAP metrics EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, Adjusted EPS, and Adjusted EBITDA Margin to measure our performance from period to period, to evaluate and fund incentive compensation programs and to compare our results to those of our competitors. We use the non-GAAP metrics Free Cash Flow in connection with managing the business and we use the non-GAAP metrics "Net Debt" and "Net Leverage" to understand our overall leverage position and to evaluate capital allocation decisions. In addition, we also believe that these non-GAAP measures provide useful information to investors regarding financial and business trends related to our results of operations and that when non-GAAP financial information is viewed with GAAP financial information, investors are provided with a more meaningful understanding of our ongoing operating performance, liquidity, and leverage relative to other periods. These non-GAAP measures have certain limitations as analytical tools and should not be used as substitutes for net income (loss), cash flows from operations, earnings per share, other consolidated income, cash flow, or debt data prepared in accordance with GAAP.EBITDA and Adjusted EBITDA
We define "EBITDA" as net income (loss) adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items.Free Cash Flow
We define "Free Cash Flow" as net cash flow provided by operating activities less purchases of installation and service parts and property and equipment.Adjusted Net Income
We define "Adjusted Net Income" as net income (loss) adjusted to exclude amortization of intangibles and certain non-cash or non-recurring expenses such as change in fair value of interest rate swap, loss on extinguishment of debt, among other items.Adjusted EPS
We define "Adjusted EPS" as Adjusted Net Income divided by the diluted weighted average shares for the period.Adjusted EBITDA Margin
We define "Adjusted EBITDA Margin" as Adjusted EBITDA as a percentage of total revenue.Net Debt
We define "Net Debt" as total long-term debt, net excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents.Net Leverage
We define "Net Leverage" as Net Debt divided by the trailing twelve months Adjusted EBITDA as of the current quarter-end.Additional MetricsRecurring Revenue or Recurring Service Revenue
We define "Recurring Revenue" or "Recurring Service Revenue" as all revenue other than product sales for each of our segments, as we typically generate revenue on a recurring monthly basis under long-term contracts with our customers. This includes our Commercial Services segment where we generate service revenue through processing of tolls, violations, and titles and registrations. VERRA MOBILITY CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)


December 31,
(In thousands, except per share data)

2025

2024
Assets






Current assets:






Cash and cash equivalents

$65,272

$77,560
Restricted cash


3,046


3,594
Accounts receivable (net of allowance for credit losses of $23.0 million and     
$17.0 million at December 31, 2025 and 2024, respectively)


234,288


206,503
Unbilled receivables


56,100


48,193
Inventory


20,662


15,502
Prepaid expenses and other current assets


61,534


42,647
Total current assets


440,902


393,999
Installation and service parts, net


27,081


36,631
Property and equipment, net


208,703


141,601
Operating lease assets


36,359


29,895
Intangible assets, net


168,641


232,297
Goodwill


741,610


735,615
Other non-current assets


22,366


44,451
Total assets

$1,645,662

$1,614,489
Liabilities and Stockholders' Equity






Current liabilities:






Accounts payable

$101,813

$91,224
Deferred revenue


26,650


29,374
Accrued liabilities


69,851


73,980
Tax receivable agreement liability, current portion


5,257


5,163
Current portion of long-term debt


6,888


—
Total current liabilities


210,459


199,741
Long-term debt, net of current portion


1,021,157


1,034,211
Operating lease liabilities, net of current portion


31,338


25,757
Tax receivable agreement liability, net of current portion


38,418


42,977
Asset retirement obligations


17,789


15,493
Deferred tax liabilities, net


16,341


14,699
Other long-term liabilities


17,200


16,486
Total liabilities


1,352,702


1,349,364
Commitments and contingencies






Stockholders' equity






Preferred stock, $0.0001 par value

—


—
Common stock, $0.0001 par value

15


16
Additional paid-in capital


547,274


551,955
Accumulated deficit


(243,759)


(269,287)
Accumulated other comprehensive loss


(10,570)


(17,559)
Total stockholders' equity


292,960


265,125
Total liabilities and stockholders' equity

$1,645,662

$1,614,489
 VERRA MOBILITY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)(Unaudited)


Three Months Ended December 31,

Year Ended December 31,
(In thousands, except per share data)
2025

2024

2025

2024
Service revenue
$239,539

$209,671

$918,137

$841,676
Product sales

18,323


11,829


60,942


37,531
Total revenue

257,862


221,500


979,079


879,207
Cost of service revenue, excluding depreciation and
amortization

11,660


4,664


30,318


18,988
Cost of product sales

15,713


8,303


45,517


27,058
Operating expenses

90,149


74,368


333,241


295,937
Selling, general and administrative expenses

67,550


52,622


215,274


195,054
Depreciation, amortization and (gain) loss on disposal of     
assets, net

29,764


27,857


116,315


109,072
Goodwill impairment

—


97,076


—


97,076
Total costs and expenses

214,836


264,890


740,665


743,185
Income (loss) from operations

43,026


(43,390)


238,414


136,022
Interest expense, net

14,989


16,699


64,618


73,902
Tax receivable agreement liability adjustment

687


(257)


687


(257)
Loss on interest rate swap

—


—


—


494
Loss on extinguishment of debt

1,266


1,117


1,335


1,745
Other income, net

(6,798)


(5,000)


(23,208)


(18,970)
Total other expenses

10,144


12,559


43,432


56,914
Income (loss) before income taxes

32,882


(55,949)


194,982


79,108
Income tax provision

14,002


10,707


58,349


47,660
Net income (loss)
$18,880

$(66,656)

$136,633

$31,448
Other comprehensive income (loss):











Change in foreign currency translation adjustment

(734)


(10,747)


6,989


(7,383)
Total comprehensive income (loss)
$18,146

$(77,403)

$143,622

$24,065
Net income (loss) per share:











Basic
$0.12

$(0.41)

$0.86

$0.19
Diluted
$0.12

$(0.41)

$0.85

$0.19
Weighted average shares outstanding:











Basic

157,441


163,342


159,000


165,090
Diluted

159,713


163,342


161,292


167,717
 VERRA MOBILITY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)


Three Months Ended December 31,
($ in thousands)
2025

2024
Cash Flows from Operating Activities:





Net income (loss)
$18,880

$(66,656)
Adjustments to reconcile net income (loss) to net cash provided by operating
activities:





Depreciation and amortization

28,901


27,543
Amortization of deferred financing costs and discounts

589


669
Tax receivable agreement liability adjustment

687


(257)
Loss on extinguishment of debt

1,266


1,117
Gain on lease modification

(1,517)


—
Credit loss expense

4,609


1,577
Deferred income taxes

14,640


(8,328)
Stock-based compensation

6,480


4,372
Uncertain tax position reserve release

(762)


—
Goodwill impairment

—


97,076
Impairment of long-lived assets and right of use assets

9,352


170
Other

692


654
Changes in operating assets and liabilities:





Accounts receivable

(10,011)


(14,773)
Unbilled receivables

3,184


1,925
Inventory

(359)


1,406
Prepaid expenses and other assets

(5,206)


9,349
Deferred revenue

(2,690)


(170)
Accounts payable and other current liabilities

(30,058)


(9,825)
Other liabilities

1,297


(5,362)
Net cash provided by operating activities

39,974


40,487
Cash Flows from Investing Activities:





Purchases of installation and service parts and property and equipment

(34,226)


(18,847)
Cash proceeds from the sale of assets

90


158
Net cash used in investing activities

(34,136)


(18,689)
Cash Flows from Financing Activities:





Borrowings on long-term debt

29,791


36,591
Repayment of long-term debt

(31,513)


(41,101)
Payment of debt issuance costs

(2,344)


(276)
Share repurchases and retirement

(133,447)


(148,479)
Proceeds from exercise of stock options

33


1,587
Payment of employee tax withholding related to RSUs and PSUs vesting

(170)


(175)
Net cash used in financing activities

(137,650)


(151,853)
Effect of exchange rate changes on cash and cash equivalents

(169)


(2,004)
Net decrease in cash, cash equivalents and restricted cash

(131,981)


(132,059)
Cash, cash equivalents and restricted cash - beginning of period

200,299


213,213
Cash, cash equivalents and restricted cash - end of period
$68,318

$81,154
 VERRA MOBILITY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)


For the Year Ended December 31,
($ in thousands)
2025

2024
Cash Flows from Operating Activities:





Net income
$136,633

$31,448
Adjustments to reconcile net income to net cash provided by operating activities:     





Depreciation and amortization

114,080


108,525
Amortization of deferred financing costs and discounts

3,445


4,106
Tax receivable agreement liability adjustment

687


(257)
Change in fair value of interest rate swap

—


1,316
Loss on extinguishment of debt

1,335


1,745
Gain on lease modification

(1,517)


—
Credit loss expense

22,986


13,002
Deferred income taxes

19,346


(10,012)
Stock-based compensation

25,176


22,958
Uncertain tax position reserve release

(2,444)


—
Goodwill impairment

—


97,076
Impairment of long-lived assets and right of use assets

9,352


170
Other

2,789


1,403
Changes in operating assets and liabilities:





Accounts receivable

(49,646)


(22,664)
Unbilled receivables

(7,257)


(11,987)
Inventory

3,403


1,917
Prepaid expenses and other assets

(10,350)


5,926
Deferred revenue

(3,188)


1,231
Accounts payable and other current liabilities

(1,773)


(16,425)
Other liabilities

(7,255)


(5,836)
Net cash provided by operating activities

255,802


223,642
Cash Flows from Investing Activities:





Cash receipts for interest rate swap

—


822
Purchases of installation and service parts and property and equipment

(119,094)


(70,856)
Cash proceeds from the sale of assets

305


314
Net cash used in investing activities

(118,789)


(69,720)
Cash Flows from Financing Activities:





Borrowings on long-term debt

29,791


36,591
Repayment of long-term debt

(38,277)


(45,610)
Payment of debt issuance costs

(2,793)


(716)
Share repurchases and retirement

(133,447)


(199,979)
Proceeds from exercise of stock options

1,087


4,288
Payment of employee tax withholding related to RSUs and PSUs vesting

(7,331)


(6,001)
Net cash used in financing activities

(150,970)


(211,427)
Effect of exchange rate changes on cash and cash equivalents

1,121


(1,063)
Net decrease in cash, cash equivalents and restricted cash

(12,836)


(58,568)
Cash, cash equivalents and restricted cash - beginning of period

81,154


139,722
Cash, cash equivalents and restricted cash - end of period
$68,318

$81,154
 VERRA MOBILITY CORPORATION RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (Unaudited)


Three Months Ended December 31,

For the Year Ended December 31,
($ in thousands)
2025

2024

2025

2024
Net income (loss)
$18,880

$(66,656)

$136,633

$31,448
Interest expense, net

14,989


16,699


64,618


73,902
Income tax provision

14,002


10,707


58,349


47,660
Depreciation and amortization

28,901


27,543


114,080


108,525
EBITDA

76,772


(11,707)


373,680


261,535
Transaction and other related expenses (i)

6,340


1,245


7,444


5,369
Transformation expenses (ii)

10,256


1,892


9,123


4,444
Legal accrual/settlement (iii)

—


8,250


(1,540)


8,250
Goodwill impairment (iv)

—


97,076


—


97,076
Tax receivable agreement liability adjustment

687


(257)


687


(257)
Loss on interest rate swap

—


—


—


494
Loss on extinguishment of debt (v)

1,266


1,117


1,335


1,745
Stock-based compensation (vi)

6,479


4,372


25,176


22,958
Adjusted EBITDA
$101,800

$101,988

$415,905

$401,614













Adjusted EBITDA Margin

39%

46%

42%

46%

(i)Transaction and other related expenses for the periods presented primarily related to deal costs incurred for potential acquisitions and debt modification costs related to the 2024 and 2025 refinancings on our first lien term loan.(ii)Transformation expenses for the 2025 periods primarily consist of expenses related to exit activities initiated during the fourth quarter in addition to a non-cash benefit in relation to a building lease for the full year. Transformation expenses for the 2024 periods consist of severance and other employee separation costs related to exit activities initiated during the period.(iii)This relates to accruals and adjustments to loss contingencies for the periods presented.(iv)This relates to the impairment of goodwill in our Parking Solutions segment.(v)Loss on extinguishment of debt consists of the write-off of pre-existing original issue discounts and deferred financing costs associated with the refinancing of our debt.(vi)Stock-based compensation represents the non-cash charge related to the issuance of awards under the Verra Mobility Corporation Amended and Restated 2018 Equity Incentive Plan. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (Unaudited)


Three Months Ended December 31,

For the Year Ended December 31,
($ in thousands)
2025

2024

2025

2024
Net cash provided by operating activities
$39,974

$40,487

$255,802

$223,642
Purchases of installation and service parts and property and equipment

(34,226)


(18,847)


(119,094)


(70,856)
Free Cash Flow (i)
$5,748

$21,640

$136,708

$152,786


(i)Free Cash Flow for the year ended December 31, 2024 included an after-tax legal settlement cost of approximately $22.1 million. The annual estimated effective tax rate to calculate the income tax effect on the legal settlement adjustment was 30.0%.  RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME AND CALCULATION OF ADJUSTED EPS (Unaudited)


Three Months Ended December 31,

For the Year Ended December 31,
(In thousands, except per share data)
2025

2024

2025

2024
Net income (loss)
$18,880

$(66,656)

$136,633

$31,448
Amortization of intangibles

15,640


16,743


64,359


67,003
Transaction and other related expenses (i)

6,340


1,245


7,444


5,369
Transformation expenses (ii)

10,256


1,892


9,123


4,444
Legal accrual/settlement (iii)

—


8,250


(1,540)


8,250
Goodwill impairment (iv)

—


97,076


—


97,076
Tax receivable agreement liability adjustment

687


(257)


687


(257)
Loss on extinguishment of debt (v)

1,266


1,117


1,335


1,745
Change in fair value of interest rate swap

—


—


—


1,316
Stock-based compensation (vi)

6,479


4,372


25,176


22,958
Total adjustments before income tax effect

40,668


130,438


106,584


207,904
Income tax effect on adjustments

(11,227)


(9,751)


(30,323)


(32,802)
Total adjustments after income tax effect

29,441


120,687


76,261


175,102
Adjusted Net Income
$48,321

$54,031

$212,894

$206,550













Adjusted EPS
$0.30

$0.33

$1.32

$1.23
Diluted weighted average shares outstanding

159,713


165,927


161,292


167,717
Annual estimated effective income tax rate (vii)

29%

30%

29%

30%

(i)Transaction and other related expenses for the periods presented primarily related to deal costs incurred for potential acquisitions and debt modification costs related to the 2024 and 2025 refinancings on our first lien term loan.(ii)Transformation expenses for the 2025 periods primarily consist of expenses related to exit activities initiated during the fourth quarter in addition to a non-cash benefit in relation to a building lease for the full year. Transformation expenses for the 2024 periods consist of severance and other employee separation costs related to exit activities initiated during the period.(iii)This relates to accruals and adjustments to loss contingencies related to legal proceedings for the periods presented.(iv)This relates to the impairment of goodwill in our Parking Solutions segment.(v)Loss on extinguishment of debt consists of the write-off of pre-existing original issue discounts and deferred financing costs associated with the refinancing of our debt.(vi)Stock-based compensation represents the non-cash charge related to the issuance of awards under the Verra Mobility Corporation Amended and Restated 2018 Equity Incentive Plan.(vii)The annual estimated effective tax rate used above excludes discrete items as they do not impact taxable income. This rate differs from the period-to-date effective tax rate used on our condensed consolidated statements of operations which includes the discrete items. RECONCILIATION OF TOTAL LONG-TERM DEBT, NET TO NET DEBT AND NET LEVERAGE (Unaudited)
($ in thousands)
December 31,
2025

December 31,
2024
Total long-term debt, net
$1,028,045

$1,034,211
Original issue discounts

2,193


2,322
Unamortized deferred financing costs

6,844


9,035
Total long-term debt, excluding original issue discounts and
unamortized deferred financing costs

1,037,082


1,045,568
Cash and cash equivalents

(65,272)


(77,560)
Net Debt
$971,810

$968,008







Net Leverage
2.3x

2.4x
Trailing twelve months Adjusted EBITDA (i)

415,905


401,614


(i)Trailing Twelve Months or "TTM" refers to the trailing four quarters and is calculated by adding the sum of the current quarter's and the prior three quarters' being measured. Investor Relations Contact
Mark Zindler
mark.zindler@verramobility.com 



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Original: Verra Mobility Announces Fourth Quarter and Full Year 2025 Financial Results

Verra Mobility to expand red-light and speed enforcement in Hawaii with 10-year contractFebruary 19, 2026 4:15 PM
PR Newswire (US)

Data shows 76% reduction in major crashes at automated enforcement sitesMESA, Ariz., Feb. 19, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, is expanding its red-light and speed enforcement program with Hawaii Department of Transportation (HDOT) across the entire state, making it the first statewide automated enforcement program in the United States. The 10-year contract totaling approximately $160 million will expand the current program from 17 sites to 187 dual-enforcement cameras across each of the state's major islands.







In the first year of the program, red-light data from Oahu overwhelmingly showed that automated enforcement improved driving behavior and reduced deadly crashes. The program showed:A 62% decline in daily red-light running violations issued at camera locations  A 76% reduction in the major crash rate90% of violators did not receive a second citation after being issued a firstThe speed enforcement part of the program was turned on earlier this year with clear evidence of its need. In the first six months of launching speed enforcement, more than 510,000 violations were captured – with some vehicle speeds exceeding 100 mph."We're honored to be a part of something that is creating major safety improvements for the state and the lives of its residents," said Edward Tiedje, vice president, Government Solutions, Verra Mobility. "Hawaii has shown immense leadership in elevating the safety needs of the entire state. They've executed strategically and quickly in order to prioritize road safety. Verra Mobility is proud to work with the entire HDOT team on such a groundbreaking program."Verra Mobility is already working to start construction on the next phase of cameras. In 2026, 30 additional cameras are expected to be installed and running, with each major island receiving cameras in the following years.About Verra MobilityVerra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.Forward Looking StatementsWe describe many of the trends and other factors that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K, and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.Additional InformationWe periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings, and public conference calls and webcasts.Media Relations:                                        Investor Relations:
Valerie SchneiderMark Zindlervalerie.schneider@verramobility.commark.zindler@verramobility.com 



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Original: Verra Mobility to expand red-light and speed enforcement in Hawaii with 10-year contract

Verra Mobility and New York City Department of Transportation finalize five-year, $998 million contract aimed at improving safety through expanded traffic enforcement programsFebruary 11, 2026 9:05 AM
PR Newswire (US)

Verra Mobility will manage NYC's red-light, speed, and bus lane enforcement programs, contributing to the City's lowest number of pedestrian deaths in historyRed-light and bus lane camera programs to expand across the five boroughsThe contract value represents a 34% increase from the previous five-year contract period, 2021-2025MESA, Ariz., Feb. 11, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of safe, smart, and connected mobility technology solutions, announced today that it has finalized a new, five-year, $998 million contract with the New York City Department of Transportation (NYC DOT) to continue managing New York City's automated enforcement camera programs, with an option to extend for an additional five-year term. This includes the city's red-light, speed, and bus lane enforcement systems, as well as cameras used to enforce weight limits on the Brooklyn-Queens Expressway (BQE).







The new contract will support the city's red-light safety camera program expansion to 600 signalized intersections and the future growth of automated bus lane enforcement. Verra Mobility has managed the city's automated enforcement programs – the largest network of its kind – since they were originally introduced more than 30 years ago. The new contract will be effective from January 1, 2026.The previous contract between Verra Mobility and NYC DOT expired in December 2025. Under the new contract, the number of red-light camera locations will significantly increase, following legislation signed by New York State Governor Kathy Hochul in 2025 to renew and expand the city's red-light camera program to 600 signalized intersections – up from just 150 previously, or less than one percent of intersections in the city.In addition to growing the city's bus lane obstruction enforcement program, Verra Mobility will upgrade legacy equipment across various programs. The new contract also commits to 33 percent utilization of minority- and women-owned business enterprises, community partnerships, and public education components."At Staffing 101 Group, our mission has always been to connect qualified talent with purpose-driven opportunities," said Raymond Aviles, managing director, Staffing 101 Group. "Partnering with Verra Mobility allows us to do just that, ensuring that New Yorkers are directly supporting and benefiting from one of the city's most important traffic safety initiatives. Since joining Verra Mobility's New York City operations in 2023, we have already connected more than 100 New Yorkers—many from historically underserved communities—with meaningful employment that supports safer streets across the five boroughs. As a certified MBE staffing firm, Staffing 101 is committed to building a diverse, city-based workforce that reflects and serves New York's communities. We're proud to provide a local, diverse workforce that keeps this critical program running for the benefit of all New Yorkers.""Windsor Electrical Contracting Inc. is honored to collaborate with Verra Mobility on the NYC DOT safety camera enforcement program, an essential initiative dedicated to improving roadway safety across New York City," said Andy Rambharose, president, Windsor Electrical Contracting Inc. "With over 35 years of experience in the Electrical Construction industry, Windsor brings a proven track record of reliability, technical excellence and precision to complex infrastructure projects.After a competitive request for proposals (RFP) issued last summer, NYC DOT selected Verra Mobility as the vendor to manage New York City's network enforcement programs. Verra Mobility was selected based on the company's proven ability to operate large-scale camera systems and by providing the highest technical response to the agency's RFP, fully meeting the standards for expanded operations. This includes the company's ability to leverage recent innovations in camera technology to tackle new challenges, such as the increase in obscured license plates."We are proud to extend our decades-standing partnership with the New York City Department of Transportation to continue operating the nation's largest automated traffic enforcement program, which is saving lives and enhancing public safety," said Jon Baldwin, executive vice president, Verra Mobility. "This agreement advances our shared mission to leverage best-in-class technology and by expanding the red-light and bus lane programs, we are building on years of proven success. We are grateful to NYC DOT for their commitment to safer streets and look forward to continuing to deliver safer transportation for millions of New Yorkers."The red-light and bus lane expansions will extend to all five boroughs, bringing continued traffic safety to communities throughout New York City. Building on the program's established success, the new contract advances local employment opportunities, supports the growth of minority- and women-owned businesses, promotes public education, and delivers meaningful safety benefits to all New Yorkers.About Verra MobilityVerra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.Forward Looking StatementsWe describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near-and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.Additional InformationWe periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.Media Relations:
Valerie Schneider
valerie.schneider@verramobility.com Investor Relations:
Mark Zindler
mark.zindler@verramobility.com  



View original content to download multimedia:https://www.prnewswire.com/news-releases/verra-mobility-and-new-york-city-department-of-transportation-finalize-five-year-998-million-contract-aimed-at-improving-safety-through-expanded-traffic-enforcement-programs-302684983.htmlSOURCE Verra Mobility

Original: Verra Mobility and New York City Department of Transportation finalize five-year, $998 million contract aimed at improving safety through expanded traffic enforcement programs

Verra Mobility partners with rental car provider Locauto Group to bring a seamless electronic toll payment solution to drivers in ItalyJanuary 28, 2026 4:15 PM
PR Newswire (US)

Partnership enables frictionless electronic toll payments across Italy, so drivers can continue their journey without having to stop and pay AMSTERDAM, Jan. 28, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today a partnership with Italian rental car company Locauto Group to offer an electronic toll payment solution across Italy. Drivers can easily opt in to the program in all 100+ Locauto rental locations - covering airports, railway stations and major city centers - during the vehicle rental process to automatically pay tolls electronically, bypassing tollbooth lines and eliminating the need for cash. In addition to the Locauto brand, Locauto also operates the Enterprise, National and Alamo brands through an exclusive partnership agreement with Enterprise Mobility.







Drivers can opt in to the frictionless electronic toll payment program in all 100+ Locauto rental locations in Italy.Italy operates one of Europe's largest toll road networks, with more than 7,000 kilometers across 35 toll motorways supporting nationwide travel. As the Italian car rental market grows at approximately 5% annually, driven by more than 70 million international visitors, demand for electronic toll payment solutions continues to accelerate."By implementing electronic tolling, Locauto's rental car users can now access better 'fast lanes,' creating a safer and seamless tolling experience across all roadways in Italy," said Tsjerk-Friso Roelfzema, Senior Vice President and General Manager for Verra Mobility Europe. "As we've seen in other European markets, electronic tolling saves drivers time and frustration and solves pain points for rental car companies." "Locauto has always been committed to delivering innovative solutions that simplify and enrich the rental experience for our customers," said Raffaella Tavazza, Locauto Group CEO. "We immediately recognized the added value that Verra Mobility's solution brings, and we are thrilled to leverage this partnership to further elevate the customer experience across all our rental locations in Italy."Verra Mobility provides end-to-end toll management and violation processing solutions for customers in North America and Europe. The company automatically processes more than 300 million toll transactions annually for more than seven million vehicles globally. Its proprietary tolling management software allows for tolls to be matched to a specific vehicle plate and driver for payment collection.Verra Mobility partners with toll and licensing authorities and other key stakeholders to provide toll and violation management services across 15 European countries.For more information about Verra Mobility's European toll management solutions, visit: www.verramobility.com/european-solutions. About Verra MobilityVerra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.Forward Looking StatementsWe describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near-and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.Additional InformationWe periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.Media Relations:                                                                     Investor Relations:Eric Krantz                                                                                 Mark Zindlereric.krantz@verramobility.com                                                   mark.zindler@verramobility.com 



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Original: Verra Mobility partners with rental car provider Locauto Group to bring a seamless electronic toll payment solution to drivers in Italy

New survey finds 82% of parents want automated enforcement on school busesJanuary 27, 2026 2:15 PM
PR Newswire (US)

70% favor automated enforcement to better protect kids in school zonesMESA, Ariz., Jan. 27, 2026 /PRNewswire/ -- As the school year hits a midway point, a recent Verra Mobility 2025-2026 school year survey, issued via Pollfish, reveals that parents and caregivers of school-aged students overwhelmingly support the use of automated enforcement to improve student transportation safety.







The survey, which included 2,000 parents or caretakers of children who walk, drive, are driven, or take transportation to school, showed that many respondents have witnessed near-miss incidents where a student was almost hit in a school zone or near a school bus.The data points to a pattern of dangerous incidents in school zones and near school buses, and parents' desire for action:82% support safety cameras to monitor and penalize drivers who illegally pass stopped school buses70% of respondents favor automated enforcement in school zonesThe response comes as many of these same parents and caregivers have witnessed events that nearly led to student tragedy:43% have observed a "near miss" in a school zone33% have seen a "near miss" surrounding a stopped school busAutomated enforcement programs have long been proven effective. Verra Mobility program data shows that school bus stop-arm programs have experienced as much as a 50% reduction in violations within just two months of launching the program. As the program continues, 98% of drivers who receive one stop-arm violation don't receive a second.Similar success has been experienced with school zone speed safety programs, where programs have experienced a 94 percent reduction in speeding at speed camera locations.  "Parents, educators, and communities share the same priority – keeping students safe," said David Dorfman, senior vice president, Verra Mobility. "With a large majority of parents supporting automated enforcement in school zones and for school bus stop-arm enforcement, technology offers a proven way to change dangerous driving behaviors and prevent tragedies."This data comes as cities and counties across the U.S. are utilizing technology to make a difference. During the 2024-2025 school year, Verra Mobility, which covers more than 250 communities, launched 13 new school zone speed programs, from Memphis, TN, to Poulsbo, WA, in order to deter dangerous driving and protect students.This trend also reflects concerns from educators and school administrators, with 38% of public-school officials moderately or strongly agreeing that traffic patterns around their schools pose a threat to students' physical safety during their commute. To combat this, parents are advocating for a holistic safety approach with physical and policy-based improvements such as speed bumps, more crossing guards, better signage and traffic signals.For more information on how to support safer driving and how to employ safety solutions for your community, visit www.verramobility.com/government.?  About Verra MobilityVerra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.Forward Looking StatementsWe describe factors that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.Additional InformationWe periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.Media Relations:
Investor Relations:
Valerie Schneider
Mark Zindlervalerie.schneider@verramobility.com
mark.zindler@verramobility.com  










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Original: New survey finds 82% of parents want automated enforcement on school buses

VRRM https://www.verramobility.com/

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Great Price and Chart to Buy in.

PT 200% - 300%