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Sep 30, 2022
Verra Mobility Q3 2022 Earnings Report
Verra Mobility announced financial results for the quarter ended September 30, 2022.
Key Takeaways
Verra Mobility reported a strong third quarter with revenue of $197.7 million, a 22% increase compared to the third quarter of 2021. Net income was $24.6 million, or $0.15 per share, and adjusted EPS was $0.27 per share. Adjusted EBITDA was $90.9 million, representing 46% of total revenue.
Total revenue was $197.7 million, a 22% increase year-over-year.
Net income reached $24.6 million, or $0.15 per share.
Adjusted EPS was $0.27 per share, compared to $0.26 per share for the third quarter of 2021.
Adjusted EBITDA was $90.9 million, with a margin of 46%.
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 expects to deliver results at the higher end of its 2022 guidance for revenue and adjusted EBITDA.
Positive Outlook
- Total revenue at the higher end of the previously guided range of $720 million to $740 million
- Adjusted EBITDA at the higher end of the previously guided range of $325 million to $335 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income