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Verra Mobility Corporation provides smart mobility technology solutions in the United States, Australia, Europe, and Canada. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment offers automated toll and violations management, and title and registration solutions to rental car companies, direct commercial fleet owner-operators, fleet management companies, and other fleet owners. The Government Solutions segment provides photo enforcement solutions and services to its customers, including complete, end-to-end speed, red-light, and school bus stop arm and bus lane enforcement solutions; and traffic enforcement products and recurring maintenance services related to the equipment and software. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Parking Solutions segment offers an integrated suite of parking software, transaction processing and hardware solutions to its customers, which include universities, municipalities, healthcare facilities, and commercial parking operators. This segment also develops specialized hardware and parking management software that provides a platform for the issuance of parking permits, enforcement, gateless vehicle counting, and event parking and citation services, as well as produces and markets its proprietary software as a service to its customers. The company was founded in 1987 and is headquartered in Mesa, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $979M | $376M | $137M | $137M | 46.6% | 11.4% | 334.5% |
| 2024 | $879M | $262M | $31M | $153M | 11.9% | 7.6% | -44.8% |
| 2023 | $817M | $287M | $57M | $149M | 13.5% | 10.2% | -38.3% |
| 2022 | $742M | $337M | $92M | $170M | 40.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 741.60 | 817.31 | 879.21 | 979.08 |
| Operating Revenue | - | 741.60 | 817.31 | 879.21 | 979.08 |
| Cost Of Revenue | - | 47.26 | 43.46 | 46.05 | 75.83 |
| Gross Profit | - | 694.34 | 773.85 | 833.16 | 903.24 |
| Operating Expense | - | 529.63 | 585.03 | 600.06 | 664.83 |
| Selling General And Administration | - | 163.13 | 198.55 | 195.05 | 215.27 |
| Total Expenses | - | 576.89 | 628.50 | 646.11 | 740.66 |
| Operating Income | - | 164.70 | 188.81 | 233.10 | 238.41 |
| Total Operating Income As Reported | - | 164.70 | 188.81 | 136.02 | 238.41 |
| EBITDA | - | 336.65 | 286.89 | 262.08 | 375.92 |
| Normalized EBITDA | - | 318.25 | 316.21 | 361.40 | 377.25 |
| EBIT | - | 196.48 | 173.70 | 153.01 | 259.60 |
| Interest Expense | - | 69.37 | 86.70 | 73.90 | 64.62 |
| Net Interest Income | - | -69.37 | -86.70 | -73.90 | -64.62 |
| Other Non Operating Income Expenses | - | 13.37 | 14.20 | 19.23 | 22.52 |
| Other Income Expense | - | 31.78 | -15.12 | -80.09 | 21.19 |
| Interest Expense Non Operating | - | 69.37 | 86.70 | 73.90 | 64.62 |
| Net Non Operating Interest Income Expense | - | -69.37 | -86.70 | -73.90 | -64.62 |
| Pretax Income | - | 127.11 | 87 | 79.11 | 194.98 |
| Tax Provision | - | 34.63 | 29.98 | 47.66 | 58.35 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 5.01 | -10.10 | -20.86 | -0.40 |
| Net Income Continuous Operations | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Net Income From Continuing And Discontinued Operation | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Net Income From Continuing Operation Net Minority Interest | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Net Income | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Net Income Common Stockholders | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Net Income Including Noncontrolling Interests | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Normalized Income | - | 79.09 | 76.23 | 109.91 | 137.57 |
| Diluted NI Availto Com Stockholders | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Basic Average Shares | - | 152.85 | 158.78 | 165.09 | 159 |
| Diluted Average Shares | - | 159.03 | 160.02 | 167.72 | 161.29 |
| Reconciled Depreciation | - | 138.68 | 113.07 | 108.52 | 114.08 |
| Reconciled Cost Of Revenue | - | 48.75 | 43.59 | 46.59 | 78.07 |
| Total Unusual Items | - | 18.40 | -29.32 | -99.32 | -1.34 |
| Total Unusual Items Excluding Goodwill | - | 18.40 | -29.32 | -99.32 | -1.34 |
| Special Income Charges | - | 3 | -3.53 | -98.82 | -1.34 |
| Other Special Charges | - | -3 | 3.53 | 1.74 | 1.34 |
| Impairment Of Capital Assets | - | 0 | 0 | 97.08 | 0 |
| Gain On Sale Of Security | -7.60 | 15.40 | -25.78 | -0.49 | - |
| Depreciation Amortization Depletion Income Statement | - | 140.17 | 113.20 | 109.07 | 116.32 |
| Depreciation And Amortization In Income Statement | - | 140.17 | 113.20 | 109.07 | 116.32 |
| General And Administrative Expense | 123.41 | 163.13 | 198.55 | - | - |
| Other Gand A | 123.41 | 163.13 | 198.55 | - | - |
| Salaries And Wages | 13.78 | 16.66 | - | - | - |
| Other Operating Expenses | - | 226.32 | 273.29 | 295.94 | 333.24 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Verra Mobility Corporationthis co. | VRRM | $655M | 4.79↓ discount | 2.23 | 46.6% | 4.40 |
| Ichor Holdings, Ltd. | ICHR | $2.5B | - | 3.73 | -8.0% | - |
| Calix, Inc. | CALX | $2.4B | 136.74 | 2.85 | 2.1% | 59.89 |
| CSG Systems International, Inc. | CSGS | $2.3B | 41.17 | 8.11 | 19.7% | 13.98 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.79 |
| 2.62 |
| 15.6% |
| 10.13 |
| ePlus inc. | PLUS | $2.1B | 15.95 | 1.98 | 12.4% | 9.08 |
| SPS Commerce, Inc. | SPSC | $2.1B | 22.07 | 2.11 | 9.6% | 10.85 |
| Photronics, Inc. | PLAB | $1.9B | 13.63 | 1.58 | 11.6% | 4.58 |
| DXC Technology Company | DXC | $1.6B | 86.37 | 0.53 | 0.6% | 2.37 |
| Peer Median | - | 22.07 | 2.37 | 10.6% | 10.13 | |