Via Transportation, Inc.

ridewithvia.com

What Do They Do?

Sells software and technology-enabled services that help cities, transit agencies, and private organizations plan and operate public transportation networks.

How Do They Make Money?

Customers pay recurring subscription fees for access to Via’s platform, with prices varying by fleet size, minimum vehicles, or vehicle-hours; Via invoices monthly. Consulting and implementation services are billed by time and materials or a fixed fee as the work is performed.

FY2025 revenue

Who Are Their Customers?

Cities, transit agencies, and private organizations responsible for public transportation buy directly through Via’s sales team or through public procurement; they subscribe to one or more platform solutions.

Do Revenues Turn Into Profits?

No. It lost $96.4M in FY2025.

Operating income, FY2025

−18% of revenue

▼ −9% (Loss) vs FY2024 (−$83.9M, −25%)

Net income, FY2025

−22% of revenue

▲ +7% (Loss) vs FY2024 (−$90.3M, −27%)

Free cash flow, FY2025

−7% of revenue

▼ −54% (Loss) vs FY2024 (−$71M, −21%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +27%; vs $107.1M in Q2 FY2025
Net income: ▼ −8% (Loss); vs −$21.2M in Q2 FY2025

Aug 6, 2026 Via issued third-quarter and full-year financial guidance The outlook gives platform revenue and adjusted EBITDA ranges and expects adjusted EBITDA above zero in the fourth quarter.

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