Monitor the execution of the new NYC contract and the company's ability to manage project costs, as the decline in EBITDA margins is a key risk. The stable Adjusted EPS guidance suggests management expects profitability to stabilize in 2026.
Price Chart
Executive Summary
Verra Mobility reported strong 2025 results with 11% revenue growth to $979.1 million and a significant increase in net income to $136.6 million, driven by a prior-year goodwill impairment. The company secured a new $998 million, five-year contract with NYC DOT and provided 2026 guidance calling for revenue of $1.02-$1.03 billion and Adjusted EPS of $1.32-$1.38, while noting a decline in Adjusted EBITDA margins due to project costs.
Key Financial Metrics
Key Facts
- Full year 2025 revenue was $979.1 million, up 11% YoY.
- Full year 2025 net income was $136.6 million, a large increase from $31.4 million in 2024, primarily due to a goodwill impairment in the prior year.
- Adjusted EPS for 2025 was $1.32, up from $1.23 in 2024.
- The company entered into a new five-year, $998 million contract with the New York City Department of Transportation.
- For 2026, the company guided for revenue of $1.02-$1.03 billion and Adjusted EPS of $1.32-$1.38.
- Adjusted EBITDA margin declined to 42% in 2025 from 46% in 2024 due to increased project implementation costs.
Financial Impact
Revenue growth of 11% to $979.1 million, net income increase to $136.6 million, and a new $998 million contract.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Commercial Services | $108.10 | +10.0% |
| Government Solutions | $129.20 | +25.0% |
| Parking Solutions | $20.60 | +5.0% |
Risk Factors
- Declining Adjusted EBITDA margins due to increased costs for project implementations and NYCDOT readiness.
- The significant year-over-year increase in net income is largely due to a one-time goodwill impairment in the prior year, which may not be sustainable.
- High customer concentration with the NYC DOT contract, which comprises a material portion of revenue.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (VRRM) — Batch item 1 | 0001193125-26-067015 |
| Document: vrrm-20260224.htm | 0001193125-26-067015 |
| Document: 0001193125-26-067015-index-headers.html | 0001193125-26-067015 |
| Document: 0001193125-26-067015-index.html | 0001193125-26-067015 |
| Document: 0001193125-26-067015.txt | 0001193125-26-067015 |
| 8-K Filing (VRRM) — Batch item 6 | 0001193125-26-067015 |
| Document: vrrm-20260224.htm | 0001193125-26-067015 |
| Document: 0001193125-26-067015-index-headers.html | 0001193125-26-067015 |
| CONTEXT: Previous Earnings (2026-02-24) | 0001193125-26-067015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Press Release | $4.41 $4.20 | ▼ −4.76% | ▼ −5.03% | $2.81 (−36.28%) |
Jul 27, 2026 9w ago | Press Release | $4.18 $5.61 | ▼ −34.21% | ▼ −31.94% | $2.81 (+32.78%) |
Jul 24, 2026 10w ago | Press Release | $4.05 $5.14 | ▲ +26.91% | ▲ +26.54% | $2.81 (−30.62%) |
Jul 8, 2026 12w ago | Press Release | $4.23 $4.34 | ▼ −2.72% | ▼ −1.86% | $2.81 (+33.49%) |
Jun 8, 2026 16w ago | 8-K | $4.18 $4.98 | ▲ +19.14% | ▲ +17.03% | $2.81 (−32.78%) |
Jun 1, 2026 17w ago | 8-K | $4.16 $4.61 | ▼ −10.82% | ▼ −13.78% | $2.81 (+32.45%) |
May 6, 2026 21w ago | 8-K | $14.63 $13.43 | ▼ −8.20% | ▼ −9.71% | $2.81 (−80.79%) |
Feb 24, 2026 31w ago | 8-K | $16.18 $16.50 | ▲ +1.98% | ▲ +3.08% | $2.81 (−82.63%) |
US Market Status
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