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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 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 partners with rental car provider Locauto Group to bring a seamless electronic toll payment solution to drivers in Italy
Prnewswire· 2026-01-28 21:15
Core Insights - Verra Mobility Corporation has partnered with Locauto Group to provide an electronic toll payment solution across Italy, allowing drivers to bypass tollbooth lines and pay tolls automatically during the vehicle rental process [1][3] Company Overview - Verra Mobility is a leading provider of smart mobility technology solutions, operating in North America, Europe, Asia, and Australia, and focuses on making transportation safer and more connected [5] - The company processes over 300 million toll transactions annually for more than seven million vehicles globally, utilizing proprietary tolling management software [3][5] Industry Context - Italy has one of the largest toll road networks in Europe, with over 7,000 kilometers of toll motorways, and the car rental market is growing at approximately 5% annually, driven by over 70 million international visitors [2] - The demand for electronic toll payment solutions is increasing as the rental car market expands [2]
New survey finds 82% of parents want automated enforcement on school buses
Prnewswire· 2026-01-27 14:15
Core Insights - A recent survey by Verra Mobility indicates strong support among parents for automated enforcement measures to enhance student transportation safety, with 70% favoring such initiatives in school zones [1][9]. Survey Findings - The survey included 2,000 parents or caregivers, revealing that many have witnessed near-miss incidents involving students in school zones or near school buses [2]. - 43% of respondents reported observing a near miss in a school zone, while 33% noted similar incidents around stopped school buses [9]. Effectiveness of Automated Enforcement - Verra Mobility's data shows that school bus stop-arm programs can lead to a 50% reduction in violations within two months of implementation, with 98% of drivers who receive a violation not repeating the offense [3]. - School zone speed safety programs have achieved a 94% reduction in speeding at monitored locations [4]. Community and Educational Concerns - 38% of public school officials expressed concerns about traffic patterns around schools posing a threat to student safety during commutes [6]. - Parents are advocating for a comprehensive safety approach that includes physical improvements like speed bumps and better signage, alongside automated enforcement [6]. Company Overview - Verra Mobility is a leading provider of smart mobility technology solutions, focusing on enhancing transportation safety and efficiency [8]. - The company operates in North America, Europe, Asia, and Australia, and has launched 13 new school zone speed programs across various U.S. cities during the 2024-2025 school year [5][10].
Cities of Glendale and Long Beach select Verra Mobility to implement speed safety programs
Prnewswire· 2026-01-20 14:05
Core Insights - Verra Mobility Corporation has been selected by Glendale and Long Beach, California, to implement speed safety programs, marking the third and fourth cities to contract with the company for this initiative [1][3] - The speed safety pilot program is part of California's Assembly Bill 645, which emphasizes data protection, equitable fines, and community engagement [3] - The deployment will include nine speed safety systems in Glendale and 18 in Long Beach, aimed at reducing speeding and preventing traffic-related injuries and fatalities [3] Company Overview - Verra Mobility is a leading provider of smart mobility technology solutions, focusing on making transportation safer and more efficient [6] - The company has over 20 years of experience in automated traffic enforcement and operates similar programs in San Francisco and Oakland [2][4] - Speed safety programs implemented by Verra Mobility have shown significant results, with reductions in speeding by up to 94% and a reported 50% decrease in traffic deaths in San Francisco [4]
Verra Mobility to Present at the CJS Securities New Ideas for the New Year Conference
Prnewswire· 2026-01-08 13:00
Core Insights - Verra Mobility Corporation, a leader in smart mobility technology solutions, will participate in a virtual fireside chat at the CJS Securities New Ideas for the New Year Conference on January 14, 2026 [1] Company Overview - Verra Mobility Corporation (NASDAQ: VRRM) is a prominent provider of smart mobility technology solutions aimed at making transportation safer, smarter, and more connected [2] - The company integrates vehicles, hardware, software, data, and people to deliver efficient solutions globally, focusing on transportation safety systems and parking management [2] - Verra Mobility operates in North America, Europe, and Australia, addressing complex payment, utilization, and compliance challenges for fleet owners and rental car companies [2]
Verra Mobility launches AutoKinex™ to provide drivers with seamless and secure in-vehicle payments; Partners with Stellantis for nationwide automated tolling service
Prnewswire· 2025-11-20 14:19
Core Insights - Verra Mobility Corporation has launched AutoKinex, an OEM-ready in-vehicle commerce platform that integrates payment technology for various mobility services [1][2][4] Group 1: Product Overview - AutoKinex allows drivers to pay for services such as tolling, road usage charging, parking, fueling, and EV charging directly from their vehicles [2][4] - The platform is designed to work with 2021 model year and newer Chrysler, Dodge, Jeep, and Ram vehicles in the U.S. through a partnership with Stellantis [2][7] - AutoKinex processes payments instantly and securely, providing real-time charges displayed in the vehicle's infotainment system if enabled [4][6] Group 2: User Experience - Drivers can pass through most toll plazas without stopping, and if a transponder is needed for gated tolling locations, Verra Mobility will provide one at no charge [5][6] - The service simplifies the payment process by verifying the vehicle's location in relation to toll sites and automatically paying the toll on behalf of the driver [6][8] - Enrollment for the service is free, and new users receive their first 30 days at no cost [7] Group 3: Strategic Importance - AutoKinex provides automakers with a scalable revenue channel by embedding essential services and payments in vehicles, enhancing the connected mobility experience [7][8] - The platform consolidates multiple mobility services into a single, intuitive solution, reducing complexity for drivers and manufacturers alike [8]
73% of Americans believe EV owners should pay an 'energy tax' to help fund roadways and infrastructure, according to survey from Verra Mobility
Prnewswire· 2025-11-17 14:20
Core Insights - A recent survey by Verra Mobility indicates that over 75% of Americans have a positive or neutral view towards road usage charging, suggesting a shift in funding preferences for infrastructure projects [1][2] Survey Findings - 51% of respondents support toll roads for funding transportation projects, with 30% neutral and 20% against [5] - 93% of participants believe that infrastructure in their state requires improvement [5] - 73% of Americans think that electric vehicle (EV) owners should pay an 'energy tax' to recoup funds for infrastructure [5] Perceptions of Toll Roads - 67% of respondents find toll roads fairer than taxes [6] - 76% accept paying tolls if the revenue is used for improving road and bridge quality [6] - 72% believe everyone should pay the same toll rate [6] - 75% think tolls should remain constant regardless of the time of day [6] - 65% would be more willing to pay tolls if they knew the revenue was dedicated to infrastructure projects that benefit them directly [6] - 67% believe tolls should be eliminated once a project is fully funded [6] Industry Context - The U.S. tolling market was valued at approximately $12.5 billion in 2022 and is projected to grow to $18.6 billion by 2030 [4] - The federal gas tax, a traditional funding source for infrastructure since 1932, is declining due to the rise in EV sales, with Pennsylvania experiencing a $250 million drop in gas tax revenue from 2019 to 2024 [3] Company Overview - Verra Mobility is a leading provider of smart mobility technology solutions, processing over 300 million tolls and violations annually for more than seven million vehicles worldwide [7][9] - The company aims to help fleet owners manage toll payments efficiently, ensuring accurate billing and seamless travel across toll networks [7]
Verra Mobility(VRRM) - 2025 Q3 - Earnings Call Presentation
2025-10-29 21:00
Financial Performance - Total revenue reached $262 million, a 16% year-over-year increase[6] - Adjusted EBITDA was $113 million, reflecting an 8% year-over-year growth[6] - Adjusted EPS increased to $037, a 16% year-over-year growth[6] - Free Cash Flow stood at $49 million, with a 43% Free Cash Flow conversion of Adjusted EBITDA[6] Segment Highlights - Government Solutions service revenue grew by 19% year-over-year, driven by red-light camera installations and 11% growth outside of New York City[9] - Commercial Services revenue increased by 7% year-over-year due to increased travel volume, product adoption, and tolling activity[9] - Parking Solutions SaaS and Services revenue grew by 3% year-over-year, driven by increased professional services and SaaS recurring revenue[9] Strategic Initiatives and Outlook - The Board of Directors authorized a $150 million increase to the existing stock repurchase program[9] - The company is increasing its 2025 revenue guidance, driven by the New York City expansion[9] - The New York City Department of Transportation red-light camera expansion program includes a change order authorizing the installation of up to 250 additional red-light cameras in 2025[9] - The company anticipates a total contract value of $963 million over the next 5 years from the New York City contract[45]