Verra Mobility Corporation
verramobility.comWhat Do They Do?
Provides toll and violation management and vehicle title services to fleet operators, automated traffic enforcement to government agencies, and parking management solutions to universities, municipalities, and commercial operators.
10-K for FY2025, filed Feb 24, 2026Our Commercial Services segment generated approximately $435.8 million in revenue for 2025, or approximately 45% of our total revenue.…View ↗
Our Government Solutions segment generated approximately $460.7 million in revenue for 2025, or approximately 47% of our 2025 total…View ↗
Our Parking Solutions segment generated approximately $82.6 million in revenue for 2025, or approximately 8% of our 2025 total revenue.…View ↗
How Do They Make Money?
Fleet customers are charged as toll, violation, and title-and-registration transactions are processed; government agencies pay fixed enforcement contracts in installments or variable fees as citations are issued or paid. Parking software subscriptions run over contract terms; camera systems and installation are sold together as a one-time package, with the sale complete when delivered.
10-K for FY2025, filed Feb 24, 2026Commercial Services. The Commercial Services segment offers toll and violation management solutions for commercial fleet operators…View ↗
Government Solutions. The Government Solutions segment principally generates revenue by providing complete, end-to-end speed, red-light…View ↗
Product sales – primarily consists of sales of camera systems, and where applicable certain highly interdependent and interrelated…View ↗
The Company’s hosted parking management software products provide customers the ability to manage access to their parking lots and garages…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by product or service ↗
$133M
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10-K for FY2025, filed Feb 24, 2026
$133M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service Revenue
|
94%
FY2022: 94%
|
Service Revenue, FY2025
$918.1M Sources
|
|
|
Product Sales
Sold outright
|
6.2%
FY2022: 6.3%
|
Product Sales, FY2025
$60.9M Sources
|
Sold outright |
Who Are Their Customers?
Serves rental car companies, fleet management companies, and other large fleet owners; government agencies and school districts; and universities, municipalities, healthcare facilities, and commercial parking operators.
10-K for FY2025, filed Feb 24, 2026Our Commercial Services segment generated approximately $435.8 million in revenue for 2025, or approximately 45% of our total revenue.…View ↗
Our Government Solutions segment generated approximately $460.7 million in revenue for 2025, or approximately 47% of our 2025 total…View ↗
Our Parking Solutions segment generated approximately $82.6 million in revenue for 2025, or approximately 8% of our 2025 total revenue.…View ↗
10-K for FY2025, filed Feb 24, 2026
Revenue from a single Government Solutions customer exceeded 10% of total revenue. The City of New York Department of Transportation…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 103 cents into free cash flow.
10-K for FY2025, filed Feb 24, 2026
$238.4MView ↗
10-K for FY2025, filed Feb 24, 2026
$136.6MView ↗
10-K for FY2025, filed Feb 24, 2026
$136.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$48.2MView ↗
- ▼ Now a loss
- vs $38.6M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Revised fiscal 2026 guidance
Sources
8-K, filed Aug 5, 2026
Revising fiscal year 2026 guidanceView ↗
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Jul 29, 2026
Agreed on key terms for a new seven-year Avis Budget contract
Avis Budget can bring selected activities in-house, and the financial terms are expected to be less favorable.
Sources
8-K, filed Jul 29, 2026
On July 28, 2026, Verra Mobility Corporation (the “Company”) issued a press release announcing that the Company reached an agreement with…View ↗
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Jun 1, 2026
Named an interim CEO after David Roberts stepped down
Sources
8-K, filed Jun 1, 2026
MESA, Ariz., June 1, 2026 — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today…View ↗
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May 26, 2026
Avis Budget gave notice ending its contract; outlook revised
The company expected an annualized Commercial Services revenue reduction of $135 million to $145 million before cost reductions.
Sources
8-K, filed May 26, 2026
The Company currently expects the termination to reduce Commercial Services’ 2026 annualized revenue by approximately $135 million to $145…View ↗
Growing. Revenue grew 3.3x in 4 years, from $40M in FY2021 to $133M in FY2025, about 35% a year.
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