Verra Mobility Q1 2025 Earnings Report
Key Takeaways
Verra Mobility delivered a strong first quarter in 2025 with key financial measures exceeding internal expectations, including total revenue of $223.3 million, net income of $32.3 million, and adjusted EBITDA of $95.4 million. The company reaffirmed its full-year 2025 guidance.
Total revenue in Q1 2025 was $223.3 million, a 6% increase compared to Q1 2024.
Net income for Q1 2025 was $32.3 million, or $0.20 per share.
Adjusted EBITDA was $95.4 million for Q1 2025, with an Adjusted EBITDA margin of 43%.
Net cash provided from operations increased significantly to $63.0 million in Q1 2025 from $34.3 million in Q1 2024.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Forward Guidance
Verra Mobility reaffirmed its full-year 2025 financial guidance, including expectations for total revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow.
Positive Outlook
- Reaffirming 2025 full year guidance for all financial measures.
- Expected weighted average fully diluted share count of approximately 163 million for the full year 2025.
- Expected effective tax rate (including state taxes) of 28.5% to 29.5%.
- Expected total cash taxes of approximately $65 million in 2025.
- Expected total interest expense, net of approximately $70 million.
Challenges Ahead
- Recognizing the uncertainty of the economic environment.
- Potential impact on future travel demand.
- Risk of trending towards the lower-end of the previously provided ranges for full-year guidance.
- Expected change in working capital to result in a use of cash of approximately $15 million for 2025.
- Expected capital expenditures of approximately $90 million for 2025.