Verra Mobility (VRRM)
Market Price (8/19/2026): $4.555 | Market Cap: $692.1 MilSector: Industrials | Industry: Data Processing & Outsourced Services
Verra Mobility (VRRM)
Market Price (8/19/2026): $4.555Market Cap: $692.1 MilSector: IndustrialsIndustry: Data Processing & Outsourced Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 14% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -70% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Future of Freight, and Experience Economy & Premiumization. Themes include Digital Payments, Show more. | Weak multi-year price returns2Y Excs Rtn is -125%, 3Y Excs Rtn is -150% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 153% Key risksVRRM key risks include [1] heavy customer concentration, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 14% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -70% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Future of Freight, and Experience Economy & Premiumization. Themes include Digital Payments, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -125%, 3Y Excs Rtn is -150% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 153% |
| Key risksVRRM key risks include [1] heavy customer concentration, Show more. |
Qualitative Assessment
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Verra Mobility (VRRM) stock has lost about 70% since 4/30/2026 because of the following key factors:
1. Termination of Avis Budget Group Contract Caused Significant Revenue and Profit Reduction.
On May 26, 2026, Verra Mobility announced the receipt of a termination notice from Avis Budget Group for its contract, effective September 2026. This development was projected to reduce the Commercial Services segment's fiscal 2026 annualized revenue by approximately $135 million to $145 million and annualized segment profit by about $120 million to $125 million, before accounting for cost reduction initiatives. Following this disclosure, Verra Mobility's stock price plummeted by approximately 71%, from $13.08 per share on May 26, 2026, to $3.85 per share by May 27, 2026.
2. Revised Fiscal Year 2026 Guidance Signaled Reduced Profitability.
Concurrent with the Avis Budget Group contract termination, Verra Mobility revised its fiscal year 2026 financial outlook downward. The company lowered its total revenue guidance to a range of $945 million to $965 million, representing an approximate 2% decline at the midpoint from previous expectations. Adjusted EBITDA was projected to be $360 million to $370 million, with margins compressing roughly 430 basis points year-over-year to approximately 38%. This revised outlook reflected materially less favorable renewal terms for contracts, including those extended with Avis Budget Group (seven-year) and Hertz (five-year), impacting the Commercial Services segment's expected performance.
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Verra Mobility (VRRM) stock has lost about 70% since 4/30/2026 because of the following key factors:
1. Termination of Avis Budget Group Contract Caused Significant Revenue and Profit Reduction.
On May 26, 2026, Verra Mobility announced the receipt of a termination notice from Avis Budget Group for its contract, effective September 2026. This development was projected to reduce the Commercial Services segment's fiscal 2026 annualized revenue by approximately $135 million to $145 million and annualized segment profit by about $120 million to $125 million, before accounting for cost reduction initiatives. Following this disclosure, Verra Mobility's stock price plummeted by approximately 71%, from $13.08 per share on May 26, 2026, to $3.85 per share by May 27, 2026.
2. Revised Fiscal Year 2026 Guidance Signaled Reduced Profitability.
Concurrent with the Avis Budget Group contract termination, Verra Mobility revised its fiscal year 2026 financial outlook downward. The company lowered its total revenue guidance to a range of $945 million to $965 million, representing an approximate 2% decline at the midpoint from previous expectations. Adjusted EBITDA was projected to be $360 million to $370 million, with margins compressing roughly 430 basis points year-over-year to approximately 38%. This revised outlook reflected materially less favorable renewal terms for contracts, including those extended with Avis Budget Group (seven-year) and Hertz (five-year), impacting the Commercial Services segment's expected performance.
3. Substantial Non-Cash Impairment Charges Led to GAAP Net Loss in Fiscal Q2 2026.
In its fiscal second quarter ended June 30, 2026, Verra Mobility reported significant non-cash impairment charges totaling $104.4 million. This included a $64.0 million goodwill impairment and a $40.4 million intangible asset impairment, primarily related to its T2 Systems parking solutions business. These charges were the main reason the company swung to a GAAP net loss of $(48.2) million, or $(0.32) per share, for fiscal Q2 2026, compared to a net income of $38.6 million in the prior-year period, despite achieving growth in adjusted EPS and adjusted EBITDA.
4. Abrupt CEO Transition Created Leadership Uncertainty.
On June 1, 2026, Verra Mobility announced a leadership transition, with long-time CEO David Roberts abruptly stepping down, and Jon Keyser appointed as interim Chief Executive Officer. This change occurred shortly after the Avis Budget Group contract termination announcement and amidst investor lawsuits alleging misleading disclosures about customer contract renewals and financial projections. The departure of the CEO contributed to investor uncertainty regarding the company's strategic direction and stability during a challenging period.
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Stock Movement Drivers
Fundamental Drivers
The -70.0% change in VRRM stock from 4/30/2026 to 8/18/2026 was primarily driven by a -68.5% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.83 | 4.45 | -70.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 979 | 1,007 | 2.8% |
| Net Income Margin (%) | 14.0% | 4.4% | -68.5% |
| P/E Multiple | 17.1 | 15.3 | -10.6% |
| Shares Outstanding (Mil) | 157 | 152 | 3.6% |
| Cumulative Contribution | -70.0% |
Market Drivers
4/30/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| VRRM | -70.0% | |
| Market (SPY) | 6.8% | -3.0% |
| Sector (XLI) | 5.1% | -11.5% |
Fundamental Drivers
The -76.9% change in VRRM stock from 1/31/2026 to 8/18/2026 was primarily driven by a -74.7% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.30 | 4.45 | -76.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 943 | 1,007 | 6.8% |
| Net Income Margin (%) | 5.4% | 4.4% | -18.9% |
| P/E Multiple | 60.3 | 15.3 | -74.7% |
| Shares Outstanding (Mil) | 160 | 152 | 5.0% |
| Cumulative Contribution | -76.9% |
Market Drivers
1/31/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| VRRM | -76.9% | |
| Market (SPY) | 11.2% | 0.8% |
| Sector (XLI) | 11.3% | -3.1% |
Fundamental Drivers
The -82.4% change in VRRM stock from 7/31/2025 to 8/18/2026 was primarily driven by a -86.9% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.26 | 4.45 | -82.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 893 | 1,007 | 12.8% |
| Net Income Margin (%) | 3.9% | 4.4% | 13.3% |
| P/E Multiple | 116.3 | 15.3 | -86.9% |
| Shares Outstanding (Mil) | 160 | 152 | 5.0% |
| Cumulative Contribution | -82.4% |
Market Drivers
7/31/2025 to 8/18/2026| Return | Correlation | |
|---|---|---|
| VRRM | -82.4% | |
| Market (SPY) | 22.4% | 3.3% |
| Sector (XLI) | 22.0% | 0.6% |
Fundamental Drivers
The -78.8% change in VRRM stock from 7/31/2023 to 8/18/2026 was primarily driven by a -61.4% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.99 | 4.45 | -78.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 763 | 1,007 | 32.0% |
| Net Income Margin (%) | 11.4% | 4.4% | -61.4% |
| P/E Multiple | 36.0 | 15.3 | -57.6% |
| Shares Outstanding (Mil) | 149 | 152 | -1.8% |
| Cumulative Contribution | -78.8% |
Market Drivers
7/31/2023 to 8/18/2026| Return | Correlation | |
|---|---|---|
| VRRM | -78.8% | |
| Market (SPY) | 73.6% | 16.4% |
| Sector (XLI) | 73.2% | 15.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VRRM Return | 15% | -10% | 67% | 5% | -7% | -79% | -66% |
| Peers Return | 7% | -17% | 15% | 9% | -18% | -12% | -18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| VRRM Win Rate | 42% | 42% | 83% | 58% | 33% | 25% | |
| Peers Win Rate | 57% | 43% | 60% | 53% | 47% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| VRRM Max Drawdown | -15% | -29% | -17% | -26% | -26% | -83% | |
| Peers Max Drawdown | -28% | -36% | -24% | -21% | -38% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ROP, WEX, CNDT, TRMB, VRSK. See VRRM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/18/2026 (YTD)
How Low Can It Go
| Event | VRRM | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.5% | -9.5% |
| % Gain to Breakeven | 18.3% | 10.5% |
| Time to Breakeven | 66 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.2% | 32.4% |
| Time to Breakeven | 18 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.6% | -33.7% |
| % Gain to Breakeven | 190.6% | 50.9% |
| Time to Breakeven | 694 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -14.8% | -19.2% |
| % Gain to Breakeven | 17.4% | 23.8% |
| Time to Breakeven | 41 days | 105 days |
In The Past
Verra Mobility's stock fell -15.5% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 18.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | VRRM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.2% | 32.4% |
| Time to Breakeven | 18 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.6% | -33.7% |
| % Gain to Breakeven | 190.6% | 50.9% |
| Time to Breakeven | 694 days | 140 days |
In The Past
Verra Mobility's stock fell -15.5% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 18.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Verra Mobility (VRRM)
Verra Mobility Corporation (VRRM) is a technology company specializing in smart mobility solutions and services. Its core business revolves around enhancing urban mobility, safety, and efficiency through automated systems. The company operates across three distinct segments: Government Solutions, Commercial Services, and Parking Solutions, each addressing specific needs within the transportation ecosystem.
The Government Solutions segment focuses on public safety by providing automated road safety camera programs. These systems detect and process traffic violations such as red light, speed, school bus, and city bus lane infringements, primarily serving municipalities, counties, school districts, and law enforcement agencies. Concurrently, the Commercial Services segment offers automated toll and violation management, alongside title and registration services, catering to large vehicle fleet owners, including rental car companies and fleet management firms.
Finally, Verra Mobility's Parking Solutions segment delivers an integrated suite of software and hardware solutions for managing parking facilities. Its comprehensive offerings serve a diverse clientele including universities, municipalities, parking operators, healthcare facilities, and transportation hubs. The company extends its services across the United States, Australia, Canada, and Europe, reflecting a broad international presence in the smart mobility sector.
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Here are 1-3 brief analogies to describe Verra Mobility:
- ADP for traffic violations, tolls, and parking management.
- Toast for traffic enforcement and parking facilities.
- Stripe for processing traffic violations and tolls.
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Verra Mobility (VRRM) provides the following major products and services:
- Automated Safety Solutions: These services and technologies enable photo enforcement for road safety through camera programs detecting traffic violations such as red light, speed, and school bus infringements.
- Automated Toll and Violations Management: This service helps rental car companies, fleet management companies, and other large fleet owners manage tolls and violations.
- Title and Registration Services: Verra Mobility provides title and registration services primarily to large fleet owners, including rental car and fleet management companies.
- Parking Software and Hardware Solutions: This integrated suite offers software and hardware solutions for parking management to various entities like universities, municipalities, and healthcare facilities.
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Major Customers of Verra Mobility (VRRM)
Verra Mobility primarily sells its solutions and services to other companies and organizations across its three operating segments. Based on the provided description, the company's major customers fall into the following categories:
Commercial Services Segment
- Rental car companies
- Fleet management companies
- Other large fleet owners
Government Solutions Segment
- Municipalities
- Counties
- School districts
- Law enforcement agencies
Parking Solutions Segment
- Universities
- Municipalities
- Parking operators
- Healthcare facilities
- Transportation hubs
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- Jenoptik AG (JOF.DE)
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David Roberts, President and Chief Executive Officer
David Roberts has served as Verra Mobility's President and Chief Executive Officer since May 2018, having joined the company in August 2014 as Chief Operating Officer. Before Verra Mobility, he was the President and CEO of BillingTree, a multi-channel electronic payment platform company, from April 2012 to August 2014. Prior to that, he was a Managing Director at Bank of America Merrill Lynch, where he led the Equity Plan Services business. He joined Bank of America Merrill Lynch following the sale of Equity Methods, a company he served as CEO, which he helped grow from three to 60 employees in two years. Verra Mobility itself was formed through a private equity rollup and a SPAC merger.
Craig Conti, Chief Financial Officer
Craig Conti was appointed Verra Mobility's Chief Financial Officer in April 2022. Previously, he held the position of Executive Vice President and CFO at Century Aluminum Company (NASDAQ: CENX). His career also includes serving as CFO for ITW's welding business and leading financial planning and analysis for GE Healthcare's IT business. Mr. Conti began his career at GE, accumulating 15 years of experience in finance, operations, and strategy. He has also held key financial leadership roles at private equity-backed startups.
Jon Baldwin, Executive Vice President, Government Solutions
Jon Baldwin serves as the Executive Vice President of Government Solutions, overseeing automated enforcement programs within the company.
Stacey Moser, Executive Vice President, Commercial Services
Stacey Moser is the Executive Vice President of Commercial Services. Her role includes driving operational excellence in fleet management.
Jon Keyser, Chief Legal Officer
Jon Keyser holds the position of Chief Legal Officer at Verra Mobility.
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1. Customer Concentration Risk
Verra Mobility has a significant customer concentration, particularly within its Government Solutions and Commercial Services segments. The New York City Department of Transportation (NYCDOT) alone accounted for approximately 17.9% of the company's total revenues in 2025. The new five-year NYCDOT contract, effective January 1, 2026, includes materially different terms such as tighter service levels, service credits, liquidated damages, and cybersecurity and subcontracting obligations, which could compress margins and increase execution risk. In the Commercial Services segment, the company relies heavily on three major rental and fleet customers, which collectively generated 34.8% of its total revenue in 2025. A loss of one or more of these key customers or unfavorable changes to contract terms could have a substantial adverse effect on Verra Mobility's business and financial results.
2. Regulatory and Legislative Risks
Verra Mobility operates in a highly regulated environment, and its business, especially the Government Solutions segment (which provides automated safety solutions like red-light and speed cameras), is susceptible to changes in local, state, and national laws and regulations. There is ongoing legislative activity and public debate regarding automated enforcement programs, which could lead to restrictive legislation or shifts in public acceptance. Furthermore, government contracts are subject to unique risks, including termination rights and potential payment delays, which could negatively impact financial performance. New federal safety grant restrictions have also been cited as a potential challenge to the company's revenue.
3. Substantial Indebtedness
Verra Mobility carries a substantial level of indebtedness, including a significant amount of flexible debt. This debt position can lead to increasing interest payments, which could constrain the company's free cash flow and limit its ability to reinvest in the business or pursue strategic growth opportunities. While the company has managed its financial obligations, the need for effective debt management remains a critical aspect of its financial health.
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The increasing integration of native toll payment and potentially other vehicle-related management services directly into new vehicles by Original Equipment Manufacturers (OEMs) poses an emerging threat to Verra Mobility's Commercial Services segment. As rental car companies and fleet owners update their fleets with newer, connected vehicles that offer built-in OEM solutions for automated toll management, there is a risk that these entities may bypass Verra Mobility's intermediary services for a portion of their toll and violations management needs.
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Verra Mobility Corporation operates in several distinct smart mobility technology markets across the United States, Australia, Canada, and Europe. The addressable market sizes for its main products and services are as follows:
Government Solutions Segment: Automated Safety Solutions
- The global traffic enforcement camera market was valued at approximately USD 2.85 billion in 2024 and is projected to reach USD 7.38 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.61%.
- In 2024, North America held a 34.2% share of this market, while Europe accounted for 28.6%.
- The broader global road safety market is projected to grow from USD 5.8 billion in 2025 to USD 13.8 billion by 2035, with a CAGR of 9.0%.
- Specifically for Europe, the road safety market was valued at USD 854.3 million in 2024 and is expected to reach USD 1.81 billion by 2032, exhibiting a CAGR of 9.90%.
Commercial Services Segment: Automated Toll and Violations Management, Title and Registration Services
- The global vehicle tolling system market was valued at USD 14.8 billion in 2025 and is projected to reach USD 30.9 billion by 2035, at a CAGR of 7.7%.
- The global toll management systems market size was approximately USD 13.0 billion in 2023 and is expected to reach USD 25.86 billion by 2030, with a CAGR of 10.34%.
- The global TOLLWAY Management and Mobility Solutions market is projected to reach USD 27.27 billion by 2033, growing at a CAGR of 8.1% from 2025. In 2025, North America held a 28.40% share, and Europe held a 25.20% share of this market.
- The global fleet management market was valued at USD 32.87 billion in 2025 and is forecast to grow to USD 67.03 billion by 2030, at a CAGR of 15.32%. North America retains a 36% share of the fleet management market.
- The global car rental market was estimated at USD 149.87 billion in 2024 and is projected to reach USD 278.03 billion by 2030, growing at a CAGR of 10.5%. North America accounted for 36.39% of the global market revenue in 2024.
Parking Solutions Segment: Integrated Suite of Parking Software and Hardware Solutions
- The global smart parking market size was valued at USD 7.98 billion in 2024 and is expected to grow to USD 33.82 billion by 2033, with a CAGR of 17.4% during the forecast period (2025-2033). North America is the largest market shareholder, and Europe is estimated to grow at a CAGR of 17.5%.
- The global parking management solutions market is estimated to be valued at USD 503.3 billion in 2025 and is projected to reach USD 867.8 billion by 2035, with a CAGR of 5.6%. North America is estimated to be USD 168.2 billion in 2025, and the UK market within Europe is expected to contribute USD 57.4 billion.
- The global parking management software market is estimated to increase from US$ 1.6 billion in 2024 to US$ 3.9 billion by 2031, with a CAGR of 13.7%. Europe is expected to maintain its dominance in the parking management software market, holding a 32.9% share in 2024.
- The Europe parking management software market is projected to grow from USD 1.34 billion in 2024 to an estimated USD 2.32 billion by 2032, with a CAGR of 7.1%.
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Verra Mobility (VRRM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its segments:
- Expansion of Automated Safety Enforcement Programs: The Government Solutions segment is poised for growth through the ongoing expansion of automated safety solutions. This includes the deployment of additional red-light, speed, school bus stop arm, and bus lane camera programs in municipalities, counties, school districts, and law enforcement agencies. A significant driver in this area is the renewed and expanded multi-year contract with New York City, which involves the installation of numerous additional red-light and fixed bus-lane cameras.
- Increased Travel Volume and Product Adoption in Commercial Services: The Commercial Services segment is anticipated to benefit from resilient travel demand and increased rental volumes. This will drive higher tolling activity and product adoption within its automated toll and violations management, and title and registration services for rental car companies, fleet management companies, and other large fleet owners.
- Growth in Software-as-a-Service (SaaS) and Integrated Parking Solutions: The Parking Solutions segment is expected to see revenue growth through the expansion of its Software-as-a-Service (SaaS) product offerings and integrated parking management solutions. These solutions cater to universities, municipalities, parking operators, and healthcare facilities, capitalizing on the increasing demand for smart parking technologies driven by urbanization.
- Expansion into New Photo Enforcement Technologies and Regulatory Opportunities: Verra Mobility is positioned for growth through the development and expansion of new photo enforcement technologies. This includes participation in initiatives such as the California speed pilot program, which presents significant opportunities for new business as regulatory landscapes evolve to prioritize road safety.
- Technological Innovation and Platform Modernization: Ongoing investments in technological innovation and platform modernization, such as the MOSAIC initiative, are aimed at improving operational efficiency and enhancing service offerings across all segments. These advancements are expected to make Verra Mobility's solutions more competitive and scalable, thereby indirectly supporting long-term revenue growth.
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Share Repurchases
- In May 2022, Verra Mobility's Board of Directors approved a share repurchase program authorizing up to $125 million of its Class A common stock.
- The company authorized a $100 million share repurchase program in October 2023, further increasing it by $100 million in December 2024.
- In October 2025, the existing share repurchase program (authorized in May 2025) was expanded by an additional $150 million, bringing the total authorized amount to $250 million available until November 2026.
- Verra Mobility repurchased $133.4 million of common stock during the fourth quarter of 2025.
Share Issuance
- In May 2023, Verra Mobility's stockholders approved an amendment to the 2018 Equity Incentive Plan, increasing the maximum number of shares available for awards by 5,000,000.
Outbound Investments
- On June 17, 2021, the company completed the acquisition of Redflex Holdings Limited, an Australian company, for approximately $113 million, strengthening its Government Solutions segment.
- On December 7, 2021, Verra Mobility acquired T2 Systems for approximately $347 million, marking its entry into the Parking Solutions segment.
Capital Expenditures
- For fiscal year 2025, capital expenditures are expected to be approximately $110 million.
- The primary focus of these 2025 capital expenditures includes incremental investments for revenue-generating cameras in the Government Solutions segment and ERP implementation.
- Capital expenditures for fiscal year 2025 increased by $48.2 million compared to the prior year.
Peer Outperformance in Data Processing & Outsourced Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| VRRM | Verra Mobility | 8.9% | 15.3x | -81.6% | -76.6% | -70.1% | — |
| BR | Broadridge Financial Solutions | 7.3% | 17.4x | -33.3% | 0.0% | 6.8% | +77pp |
| G | Genpact | 6.0% | 10.1x | -19.9% | 0.3% | -27.4% | +43pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 34.4% | 131.4% | 215.6% | CDNL 3372% · STRL 2462% · FIX 2322% |
| Marine Transportation | 4 | 54.2% | 63.4% | 163.0% | MATX 224% · KEX 165% · SFL 161% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 14.4% | 56.3% | 127.2% | CAT 348% · ALSN 267% · WAB 255% |
| Aerospace & Defense | 54 | 13.2% | 77.2% | 95.6% | DFNS 2733% · ATI 1147% · FTAI 1018% |
| Passenger Ground Transportation | 3 | -13.3% | 52.1% | 59.3% | UBER 87% · CAR 59% · LYFT -64% |
| Industrial Machinery & Supplies & Components | 71 | 13.4% | 57.6% | 59.2% | CRS 1647% · PSIX 867% · GHM 841% |
| Cargo Ground Transportation | 16 | 46.9% | 13.3% | 52.4% | R 301% · XPO 297% · CVLG 225% |
| Diversified Support Services | 34 | 12.4% | 37.0% | 43.9% | LIME 4409% · TH 429% · WLFC 380% |
| Rail Transportation | 7 | 38.8% | 69.9% | 43.5% | FSTR 123% · CSX 60% · UNP 49% |
| Trading Companies & Distributors | 18 | 6.7% | 37.2% | 42.3% | DXPE 572% · AIT 330% · URI 250% |
| Electrical Components & Equipment | 40 | 24.1% | 42.2% | 35.9% | POWL 2534% · BE 969% · ELVA 956% |
| Building Products | 33 | -4.2% | 19.8% | 32.1% | GFF 444% · LMB 431% · PPIH 278% |
| Industrial Conglomerates | 17 | 25.8% | 28.8% | 11.6% | RCMT 812% · TTI 215% · CSW 163% |
| Office Services & Supplies | 10 | 18.1% | 30.7% | 7.1% | TILE 200% · PBI 168% · EBF 63% |
| Environmental & Facilities Services | 28 | -7.5% | 14.2% | 4.8% | CECO 972% · ADUR 642% · NVRI 300% |
| Research & Consulting Services | 13 | -9.4% | -20.9% | -5.0% | HURN 206% · CRAI 89% · GRNQ 87% |
| Agricultural & Farm Machinery | 17 | -6.1% | -17.7% | -16.7% | BLBD 201% · DE 75% · GENC 68% |
| Passenger Airlines | 11 | 10.9% | -3.7% | -21.4% | LTM 2330% · UAL 170% · SKYW 161% |
| Data Processing & Outsourced Services ← | 6 | -32.9% | -12.8% | -27.3% | EXLS 48% · BR 7% · MMS -27% |
| Human Resource & Employment Services | 21 | 13.5% | -21.7% | -31.5% | BBSI 87% · ADP 42% · KFY 39% |
| Air Freight & Logistics | 12 | -12.1% | -23.4% | -35.9% | CHRW 86% · FDX 69% · EXPD 61% |
| Security & Alarm Services | 10 | -31.9% | -19.0% | -47.1% | CIX 119% · MG 94% · BCO 52% |
| Airport Services | 3 | -69.5% | -68.1% | -56.0% | JOBY -10% · ASLE -56% · UP -100% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 117.93 |
| Mkt Cap | 10.0 |
| Rev LTM | 2,964 |
| Op Inc LTM | 690 |
| FCF LTM | 435 |
| FCF 3Y Avg | 399 |
| CFO LTM | 531 |
| CFO 3Y Avg | 502 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.6% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 9.8% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 8.5% |
| Op Inc Chg 3Y Avg | 7.3% |
| Op Mgn LTM | 24.7% |
| Op Mgn 3Y Avg | 25.0% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 21.2% |
| CFO/Rev 3Y Avg | 20.6% |
| FCF/Rev LTM | 15.0% |
| FCF/Rev 3Y Avg | 14.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.0 |
| P/S | 2.9 |
| P/Op Inc | 13.2 |
| P/EBIT | 10.5 |
| P/E | 15.5 |
| P/CFO | 15.2 |
| Total Yield | 5.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.2% |
| D/E | 0.5 |
| Net D/E | 0.2 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Government Solutions | 461 | 391 | 358 | 337 | 283 |
| Commercial Services | 436 | 408 | 373 | 326 | 261 |
| Parking Solutions | 83 | 81 | 86 | 79 | 7 |
| Corporate and Other | 0 | ||||
| Total | 979 | 879 | 817 | 742 | 551 |
| $ Mil | 2018 |
|---|---|
| Commercial Services | 113 |
| Government Solutions | 56 |
| Stock-based compensation | -2 |
| Corporate and Other | -154 |
| Total | 13 |
Price Behavior
| Market Price | $4.45 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 03/24/2017 | |
| Distance from 52W High | -82.6% | |
| 50 Days | 200 Days | |
| DMA Price | $4.95 | $14.50 |
| DMA Trend | down | down |
| Distance from DMA | -10.1% | -69.3% |
| 3M | 1YR | |
| Volatility | 165.2% | 85.5% |
| Downside Capture | 615.16 | 211.43 |
| Upside Capture | 17.34 | -27.75 |
| Correlation (SPY) | -3.0% | 2.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.49 | -0.91 | -0.69 | -0.08 | 0.14 | 0.57 |
| Up Beta | -0.21 | 0.87 | 0.02 | 0.44 | 0.78 | 0.72 |
| Down Beta | -8.86 | -1.17 | -5.63 | -2.72 | -1.17 | 0.24 |
| Up Capture | 77% | -71% | -32% | -27% | -16% | 14% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 19 | 26 | 49 | 102 | 361 |
| Down Capture | -295% | -217% | 357% | 205% | 147% | 103% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 23 | 35 | 73 | 144 | 378 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRRM | |
|---|---|---|---|---|
| VRRM | -81.8% | 85.4% | -1.30 | - |
| Sector ETF (XLI) | 23.4% | 17.0% | 1.06 | -0.1% |
| Equity (SPY) | 20.4% | 12.8% | 1.17 | 2.5% |
| Gold (GLD) | 29.8% | 28.5% | 0.91 | 4.8% |
| Commodities (DBC) | 40.2% | 20.2% | 1.56 | 4.8% |
| Real Estate (VNQ) | 13.1% | 13.9% | 0.65 | 14.8% |
| Bitcoin (BTCUSD) | -45.4% | 42.7% | -1.30 | 5.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRRM | |
|---|---|---|---|---|
| VRRM | -22.6% | 47.6% | -0.27 | - |
| Sector ETF (XLI) | 13.7% | 17.6% | 0.60 | 24.2% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 27.2% |
| Gold (GLD) | 19.8% | 18.6% | 0.87 | 3.9% |
| Commodities (DBC) | 9.8% | 19.6% | 0.39 | 6.6% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 25.4% |
| Bitcoin (BTCUSD) | 7.1% | 52.6% | 0.32 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRRM | |
|---|---|---|---|---|
| VRRM | -7.7% | 44.1% | 0.03 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 40.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 40.2% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 3.1% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 15.2% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 40.6% |
| Bitcoin (BTCUSD) | 59.9% | 66.0% | 1.00 | 14.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -8.7% | -16.2% | |
| 5/6/2026 | 2.2% | -6.2% | -69.9% |
| 2/24/2026 | -13.5% | -10.3% | -23.7% |
| 10/29/2025 | -1.5% | -4.4% | -7.8% |
| 8/6/2025 | -3.6% | -1.4% | -0.4% |
| 5/7/2025 | 9.3% | 5.6% | 9.7% |
| 2/27/2025 | -11.8% | -18.2% | -22.2% |
| 10/31/2024 | -11.0% | -10.4% | -8.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 9 |
| # Negative | 12 | 11 | 14 |
| Median Positive | 5.6% | 4.9% | 10.1% |
| Median Negative | -4.5% | -6.2% | -6.7% |
| Max Positive | 13.1% | 17.4% | 28.5% |
| Max Negative | -15.6% | -18.2% | -69.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -8.7% | -16.2% | |
| 5/6/2026 | 2.2% | -6.2% | -69.9% |
| 2/24/2026 | -13.5% | -10.3% | -23.7% |
| 10/29/2025 | -1.5% | -4.4% | -7.8% |
| 8/6/2025 | -3.6% | -1.4% | -0.4% |
| 5/7/2025 | 9.3% | 5.6% | 9.7% |
| 2/27/2025 | -11.8% | -18.2% | -22.2% |
| 10/31/2024 | -11.0% | -10.4% | -8.4% |
| 8/8/2024 | -0.7% | -1.0% | -4.2% |
| 5/2/2024 | 7.6% | 12.0% | 9.9% |
| 2/29/2024 | 5.8% | 3.4% | 13.2% |
| 11/9/2023 | 4.9% | 2.6% | 10.1% |
| 8/9/2023 | -1.4% | -5.6% | -13.5% |
| 5/4/2023 | 6.2% | 5.3% | 11.6% |
| 3/1/2023 | 5.3% | 4.0% | 0.1% |
| 11/2/2022 | -15.6% | -18.1% | -2.3% |
| 8/3/2022 | 3.2% | -0.9% | -5.4% |
| 5/9/2022 | 13.1% | 17.4% | 28.5% |
| 11/4/2021 | -0.1% | 1.9% | -4.9% |
| 8/9/2021 | 7.8% | 4.9% | -0.1% |
| 5/17/2021 | 2.9% | 6.1% | 5.1% |
| 3/1/2021 | -5.4% | 0.7% | -5.5% |
| 11/5/2020 | -2.4% | 10.4% | 25.1% |
| 8/6/2020 | 1.5% | 0.9% | -8.2% |
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 9 |
| # Negative | 12 | 11 | 14 |
| Median Positive | 5.6% | 4.9% | 10.1% |
| Median Negative | -4.5% | -6.2% | -6.7% |
| Max Positive | 13.1% | 17.4% | 28.5% |
| Max Negative | -15.6% | -18.2% | -69.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 04/22/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/05/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | 945.00 Mil | 955.00 Mil | 965.00 Mil | -6.8% | Lowered | Guidance: 1.02 Bil for 2026 | |
| 2026 Adjusted EBITDA | 360.00 Mil | 365.00 Mil | 370.00 Mil | -11.0% | Lowered | Guidance: 410.00 Mil for 2026 | |
| 2026 Adjusted EPS | 1.11 | 1.14 | 1.17 | -15.6% | Lowered | Guidance: 1.35 for 2026 | |
| 2026 Free Cash Flow | 105.00 Mil | 110.00 Mil | 115.00 Mil | -29.0% | Lowered | Guidance: 155.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | 1.02 Bil | 1.02 Bil | 1.03 Bil | 0 | Affirmed | Guidance: 1.02 Bil for 2026 | |
| 2026 Adjusted EBITDA | 405.00 Mil | 410.00 Mil | 415.00 Mil | 0 | Affirmed | Guidance: 410.00 Mil for 2026 | |
| 2026 Adjusted EPS | 1.32 | 1.35 | 1.38 | 0 | Affirmed | Guidance: 1.35 for 2026 | |
| 2026 Free Cash Flow | 150.00 Mil | 155.00 Mil | 160.00 Mil | 0 | Affirmed | Guidance: 155.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | 1.02 Bil | 1.02 Bil | 1.03 Bil | 6.8% | Higher New | Actual: 960.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 405.00 Mil | 410.00 Mil | 415.00 Mil | -1.2% | Lower New | Actual: 415.00 Mil for 2025 | |
| 2026 Adjusted EPS | 1.32 | 1.35 | 1.38 | 1.9% | Higher New | Actual: 1.32 for 2025 | |
| 2026 Free Cash Flow | 150.00 Mil | 155.00 Mil | 160.00 Mil | -13.9% | Lower New | Actual: 180.00 Mil for 2025 | |
Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Total Revenue | 955.00 Mil | 960.00 Mil | 965.00 Mil | 3.2% | Raised | Guidance: 930.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 410.00 Mil | 415.00 Mil | 420.00 Mil | 0 | Affirmed | Guidance: 415.00 Mil for 2025 | |
| 2025 Adjusted EPS | 1.3 | 1.32 | 1.35 | 0 | Affirmed | Guidance: 1.32 for 2025 | |
| 2025 Free Cash Flow | 175.00 Mil | 180.00 Mil | 185.00 Mil | 0 | Affirmed | Guidance: 180.00 Mil for 2025 | |
| 2026 Revenue Growth | 5.0% | ||||||
Investor Activity (13F)
Updated Aug 19, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Data Processing & Outsourced Services Resources |
| Outsourcing Insight |
| Nearshore Americas |
| CIO |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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