Verra Mobility(VRRM)
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Verra Mobility to Present at the Morgan Stanley Technology, Media & Telecom Conference
Prnewswire· 2026-02-25 21:05
Verra Mobility to Present at the Morgan Stanley Technology, Media & Telecom Conference [Accessibility Statement] Skip NavigationMESA, Ariz., Feb. 25, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chief Executive Officer, and Craig Conti, Chief Financial Officer, are scheduled to participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, M ...
Verra Mobility(VRRM) - 2025 Q4 - Earnings Call Transcript
2026-02-24 23:02
Verra Mobility (NasdaqCM:VRRM) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Company ParticipantsCraig Conti - CFODaniel Moore - Partner and Director of ResearchDavid Roberts - CEOFaiza Alwy - Managing Director, US Company ResearchMark Zindler - Vice President of Investor RelationsShefali Tamaskar - Equity Research AssociateTomohiko Sano - Co-head of Japan Equity ResearchConference Call ParticipantsDavid Koning - Senior Research AnalystOperatorGood afternoon, ladies and gentlemen, and welcome to Verra ...
Verra Mobility(VRRM) - 2025 Q4 - Earnings Call Transcript
2026-02-24 23:02
Financial Data and Key Metrics Changes - Total revenue for Q4 2025 increased by 16% compared to Q4 2024, exceeding internal expectations [4][18] - Adjusted EBITDA for Q4 was approximately $102 million, roughly flat year-over-year [20] - GAAP diluted EPS for Q4 was $0.12, compared to a loss of $0.41 in the prior year [21] - Full year 2025 adjusted EPS was $1.32, compared to $1.23 in 2024 [22] Business Line Data and Key Metrics Changes - Government Solutions revenue increased by 25% year-over-year in Q4, driven by the New York City red light expansion [7][26] - Commercial Services revenue grew by 10% in Q4, with rental car tolling increasing by 16% [12][24] - Parking Solutions revenue increased by 5% year-over-year in Q4, with SaaS and services revenue up by 2% [10][28] Market Data and Key Metrics Changes - The addressable market in the U.S. for Government Solutions expanded by approximately $365 million due to new legislation [8] - The company reported a net leverage ratio of 2.3x at year-end [29] Company Strategy and Development Direction - The company is focused on a value creation strategy aimed at strengthening its core and enhancing profitability [4] - Investments are being made in technology modernization, including the Mosaic platform for automated enforcement [5][15] - The company is actively evaluating M&A opportunities to accelerate growth and enhance capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business despite ongoing legislative discussions about automated enforcement [8][48] - The company anticipates mid-single-digit revenue growth for 2026, with adjusted EBITDA margins expected to decline temporarily [30][32] - Future growth is expected to be driven by the expansion of the New York City contract and other new business opportunities [34][72] Other Important Information - The company has returned over $650 million to shareholders through buybacks over the past five years [16] - Free cash flow for Q4 was negatively impacted by the timing of cash collections, with an expected range of $150 million to $160 million for 2026 [22][30] Q&A Session Summary Question: Follow-up on quarterly revenue cadence - Management expects flat revenue in Q1 2026, with high single-digit growth in Q2 and mid-single-digit growth in Q3 and Q4 [41][42] Question: Political environment around automated enforcement - Management noted that political discussions are normal and the industry has adapted to specific use cases that are more accepted [46][48] Question: Impact of New York City contract on margins - Management indicated that the new contract includes expanded scope and modernization, which will affect margin dollars positively over time [54][56] Question: AI's impact on business model - Management is focused on leveraging AI for growth and is open to partnerships while also developing technology internally [78][80] Question: Working capital and cash flow normalization - Management indicated that working capital is expected to be a righteous use of funds as the business grows, with a focus on Government Solutions [62][66]
Verra Mobility(VRRM) - 2025 Q4 - Earnings Call Transcript
2026-02-24 23:00
Verra Mobility (NasdaqCM:VRRM) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Speaker6Good afternoon, ladies and gentlemen, and welcome to Verra Mobility's fourth quarter and year-end 2025 earnings conference call. My name is Michelle. I will be your conference operator today. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You ...
Verra Mobility(VRRM) - 2025 Q4 - Earnings Call Presentation
2026-02-24 22:00
This presentation 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 e ...
Verra Mobility(VRRM) - 2025 Q4 - Annual Report
2026-02-24 21:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number 001-37979 VERRA MOBILITY CORPORATION (Exact name of registrant as specified in its charter) Delaware 81-3563824 (State of I ...
Verra Mobility(VRRM) - 2025 Q4 - Annual Results
2026-02-24 21:14
EXHIBIT 99.1 Verra Mobility Announces Fourth Quarter and Full Year 2025 Financial Results *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 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 exp ...
Verra Mobility Announces Fourth Quarter and Full Year 2025 Financial Results
Prnewswire· 2026-02-24 21:05
*Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure. MESA, 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 ...
Verra Mobility to expand red-light and speed enforcement in Hawaii with 10-year contract
Prnewswire· 2026-02-19 21:15
Verra Mobility to expand red-light and speed enforcement in Hawaii with 10-year contract [Accessibility Statement] Skip NavigationData 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 autom ...
Verra Mobility and New York City Department of Transportation finalize five-year, $998 million contract aimed at improving safety through expanded traffic enforcement programs
Prnewswire· 2026-02-11 14:05
Core Insights - Verra Mobility has finalized a five-year contract worth $998 million with the New York City Department of Transportation to manage the city's automated traffic enforcement programs, marking a 34% increase from the previous contract period [1] - The new contract will expand the red-light safety camera program to 600 intersections, significantly increasing from 150, and will also enhance bus lane enforcement [1] - The contract includes commitments to utilize 33% minority- and women-owned business enterprises and emphasizes community partnerships and public education [1] Contract Details - The contract will be effective from January 1, 2026, following the expiration of the previous contract in December 2025 [1] - Verra Mobility has managed NYC's automated enforcement programs for over 30 years, making it the largest network of its kind in the nation [1] - The expansion of the red-light camera program is supported by legislation signed by New York State Governor Kathy Hochul in 2025 [1] Community Impact - The partnership aims to create local employment opportunities, having already connected over 100 New Yorkers from underserved communities with jobs related to the program [1] - The collaboration with local businesses, such as Windsor Electrical Contracting Inc., highlights the commitment to improving roadway safety and supporting local economies [1] - The initiative is expected to enhance public safety and reduce pedestrian deaths, contributing to the city's lowest number of pedestrian fatalities in history [1]