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Mar 31
Verra Mobility Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
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
Revenue by Segment
Commercial Services Revenue
CapyFin.comGovernment Solutions Revenue
CapyFin.comParking Solutions Revenue
CapyFin.com 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.