Verra Mobility Q1 revenue flat

Verra Mobility

06/05/2026 21:18

Overview

US smart mobility tech firm's Q1 revenue was nearly flat, slightly beating analyst expectations

Adjusted EPS and adjusted EBITDA for Q1 beat analyst expectations

Company repurchased $50.2 mln in shares and reaffirmed 2026 full-year guidance

Outlook

Verra Mobility sees 2026 revenue of $1.02 bln to $1.03 bln

Company expects 2026 adjusted EBITDA of $405 mln to $415 mln

Verra Mobility projects 2026 adjusted EPS of $1.32 to $1.38

Result Drivers

GOVERNMENT SOLUTIONS EXPANSION - Revenue growth in Government Solutions was driven by expansions in speed, red light, and bus lane programs outside of the NYCDOT contract

COMMERCIAL SERVICES CHURN - Decline in Commercial Services revenue was due to lower revenue from fleet management company customers following prior period customer churn

HIGHER OPERATING EXPENSES - Net income decreased primarily due to increased operating expenses and lower product sales, partially offset by a legal settlement

Company press release: ID:nPn2W3tfNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$223.60 mln
$223.38 mln (7 Analysts)
Q1 Adjusted EPS
Beat
$0.25
$0.24 (8 Analysts)
Q1 Net Income
$26.74 mln
Q1 Adjusted EBITDA
Beat
$86 mln
$81.02 mln (7 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Verra Mobility Corp is $26.50, about 82.8% above its May 5 closing price of $14.50

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)