Via Transportation Q2 revenue rises 27%
Via Transportation Q2 revenue rises 27%
Overview
US public transit software firm's fiscal Q2 revenue grew 27% yr/yr to $136 mln
Adjusted net loss and adjusted EBITDA improved sharply from prior year
Customer count rose 23% yr/yr, driven by expansion of platform and pipeline
Outlook
Via expects Q3 platform revenue of $137.6 mln to $138.2 mln
Company sees FY 2026 platform revenue of $550 mln to $553 mln
Via expects Q4 2026 adjusted EBITDA above $0
Result Drivers
PLATFORM DEMAND - Co said increasing demand for its platform drove revenue growth and pipeline expansion
US MARKET STRENGTH - Co cited continued strength in the United States with 35% yr/yr revenue growth
CUSTOMER GROWTH - Co reported a 23% yr/yr increase in customer count, supported by platform expansion
Company press release: ID:nBw6G35gSa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted Net Loss |
| $838,000 |
|
Q2 Net Loss |
| $19.56 mln |
|
Q2 Adjusted EBITDA |
| -$3.44 mln |
|
Q2 Adjusted Gross Margin |
| 41.00% |
|
Q2 Adjusted Gross Profit |
| $56.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $25.00, about 17% above its August 5 closing price of $21.36
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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.)