Via Transportation's Q1 revenue rises on US growth

Via Transportation

12/05/2026 12:09

Overview

Public transit software provider's fiscal Q1 revenue rose yr/yr to $127 mln

Adjusted EBITDA loss narrowed to $5.8 mln; adjusted net loss per share improved to $0.05

Customer count grew 23% yr/yr, aided by Downtowner acquisition

Outlook

Via expects Q2 2026 platform revenue of $132.5 mln to $134.0 mln

Company sees FY 2026 platform revenue between $547.0 mln and $550.0 mln

Via expects positive adjusted EBITDA in Q4 2026

Result Drivers

U.S. GROWTH - Revenue in the United States rose 36% yr/yr, supporting overall company growth

CUSTOMER EXPANSION - Customer count increased 23% yr/yr, with the Downtowner acquisition contributing 94 customers

PLATFORM ADOPTION - Co attributed revenue milestone to increased adoption of its end-to-end platform and operating leverage

Company press release: ID:nBw5dyftta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$20.15 mln
Q1 Adjusted EBITDA
-$5.81 mln
Q1 Adjusted Gross Profit
$50.73 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Via Transportation Inc is $29.00, about 71.3% above its May 11 closing price of $16.93

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(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.)