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 |
| 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 |
| Operating Income | - | 164.70 | 188.81 | 233.10 | 238.41 |
| EBITDA | - | 336.65 | 286.89 | 262.08 | 375.92 |
| EBIT | - | 196.48 | 173.70 | 153.01 | 259.60 |
| Pretax Income | - | 127.11 | 87 | 79.11 | 194.98 |
| Tax Provision | - | 34.63 | 29.98 | 47.66 | 58.35 |
| Net Income | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Net Income Common Stockholders | - | 92.48 | 57.02 | 31.45 | 136.63 |
| Total Expenses | - | 576.89 | 628.50 | 646.11 | 740.66 |
| Interest Expense | - | 69.37 | 86.70 | 73.90 | 64.62 |
| Selling General And Administration | - | 163.13 | 198.55 | 195.05 | 215.27 |
| Normalized EBITDA | - | 318.25 | 316.21 | 361.40 | 377.25 |
| Normalized Income | - | 79.09 | 76.23 | 109.91 | 137.57 |
| Market Cap | 2,281.64 | 2,281.64 | 2,281.64 | 2,281.64 | 2,281.64 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Verra Mobility Corporationthis co. | VRRM | $2.4B | 16.70β discount | 7.79 | 46.6% | 8.73 |
| Knowles Corporation | KN | $2.7B | 59.25 | 3.38 | 5.7% | 23.84 |
| Benchmark Electronics, Inc. | BHE | $2.5B | 100.36 | 2.27 | 2.3% | 19.19 |
| Teradata Corporation | TDC | $2.5B | 19.22 | 10.86 | 56.5% | 8.72 |
| Insight Enterprises, Inc. | NSIT |
| - |
| - |
| - |
| - |
| - |
| - |
| $2.3B |
| 14.13 |
| 1.35 |
| 9.5% |
| 8.28 |
| ePlus inc. | PLUS | $2.3B | 20.77 | 2.29 | 11.0% | 10.97 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B | 16.67 | 2.61 | 15.6% | 10.06 |
| DXC Technology Company | DXC | $2.1B | 5.18 | 0.62 | 12.0% | 2.16 |
| Digi International Inc. | DGII | $2.1B | 52.23 | 3.35 | 6.4% | 25.20 |
| Peer Median | - | 19.99 | 2.45 | 10.3% | 10.51 | |