Dec 31, 2023

Verra Mobility Q4 2023 Earnings Report

Verra Mobility's Q4 2023 financial results were announced, showcasing revenue growth and adjusted EBITDA performance.

Key Takeaways

Verra Mobility reported a 13% increase in revenue for Q4 2023, reaching $211.0 million. Net income was $3.0 million, or $0.02 per share, while adjusted EPS was $0.24. Adjusted EBITDA was $91.3 million, representing 43% of total revenue.

Total revenue for Q4 2023 was $211.0 million, a 13% increase year-over-year.

Net income for Q4 2023 was $3.0 million, or $0.02 per share.

Adjusted EPS for Q4 2023 was $0.24 per share.

Adjusted EBITDA for Q4 2023 was $91.3 million, with a margin of 43%.

Total Revenue
$211M
Previous year: $186M
+13.4%
EPS
$0.24
Previous year: $0.25
-4.0%
Adjusted EBITDA
$91.3M
Previous year: $83.6M
+9.2%
Adjusted EBITDA Margin
43%
Previous year: 45%
-4.4%
Gross Profit
$173M
Previous year: $176M
-1.6%
Cash and Equivalents
$136M
Previous year: $105M
+29.6%
Free Cash Flow
$18.6M
Previous year: $57.3M
-67.5%
Total Assets
$1.79B
Previous year: $1.76B
+1.9%

Verra Mobility

Verra Mobility

Verra Mobility Revenue by Segment

Forward Guidance

Verra Mobility provided full year 2024 guidance, including revenue between $865 million and $880 million, Adjusted EBITDA between $395 million and $405 million, Adjusted EPS between $1.15 and $1.20, and Adjusted Free Cash Flow between $155 million and $165 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income