Verra Mobility Announces Second Quarter 2026 Financial Results
Verra Mobility reported Q2 revenue of $263.6 million, up 12% year-over-year, but posted a net loss of $48.2 million due to $104.4 million in impairments to goodwill and intangibles. The company renewed major contracts with Avis and Hertz, but noted the terms are 'materially less favorable' and include fleet volume modulation rights, creating uncertainty for future revenue.
Key figures
- Revenue
- 263600000
- Guidance
- FY26 Revenue $945M-$965M; Adj EBITDA $360M-$370M; Adj EPS $1.11-$1.17; FCF $105M-$115M
- Revenue Yoy
- 12%
- Fcf
- 32600000
- Adj eps
- 0.38
- Net debt
- 993200000
- Adj ebitda
- 110700000
- Net leverage
- 2.4x
- Net cash from ops
- 56400000
- Goodwill impairment
- 64000000
- Intangible impairment
- 40400000
AI analysis
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