VRRM earnings analysis
What we found in VRRM's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Verra Mobility reported a slight increase in Q1 2026 revenue to $223.6 million, modestly surpassing expectations, but earnings per share (EPS) of $0.17 fell short of the consensus estimate of $0.23. This quarter also reflected significant operational challenges, with operating expenses surging, contributing to a decrease in net income compared to the previous year. Management reaffirmed its full-year guidance but faces notable headwinds in key segments.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Matches Estimates
- Q1 2026 revenue reached $223.6 million, slightly above the estimated $223.5 million.
- Adjusted EPS Misses Consensus
- Earnings per share came in at $0.17, below the consensus estimate of $0.23.
- Operating Expense Surge
- Operating expenses increased by $12.2 million, or 16.6%, from the prior year.
- Reaffirmed Full-Year Guidance
- Management reaffirmed full-year revenue guidance of $1,020-$1,030 million and EPS of $1.32-$1.38.
- Segment Growth in Government Solutions
- Government Solutions revenue increased by $4.1 million, or 4.4%, to $98.1 million.
- Share Repurchases
- The company repurchased $50.2 million worth of shares in Q1 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Cash Flow
- Operating cash flow fell to $40.8 million from $63.0 million year-over-year.
- Increased Operating Expenses
- Operating expenses surged to $85.9 million, rising from $73.7 million in Q1 2025.
- Customer Concentration Risks
- Top customers represent over 10% of total revenue, with risks of contract negotiations impacting future earnings.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.17
- Gross margin
- 95.4%
- Operating margin
- 23.2%
- Segment
- Commercial Services
- Segment
- Government Solutions
- Segment
- Parking Solutions
What they said about what is next.
Full-year guidance of $1,020-$1,030 million for revenue and $1.32-$1.38 for adjusted EPS remains unchanged.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 24, 2026
- Verra Mobility reported full-year 2025 revenue of approximately $979.1 million (sum of segment revenues disclosed in the filing) driven by Government Solutions ($460.7M, ~47%) and Commercial Services ($435.8M, ~45%).…
- 10-Q · August 6, 2025
- Verra Mobility reported Q2 revenue of $236.0 million (three months ended June 30, 2025) versus $222.4 million a year ago, driving operating income of $63.2 million and diluted EPS of $0.24. Balance sheet and cash flow…
- 10-Q · May 7, 2025
- Verra Mobility reported Q1 revenue of $223,254,000 (up $13,524,000 or +6.45% vs. Q1 2024) and GAAP diluted EPS of $0.20 (vs. $0.17 in Q1 2024). Operating income was $57,385,000 (operating margin 25.7%) and operating…
- 10-K · February 27, 2025
- Verra Mobility describes a platform strategy focused on integrated, data-driven smart mobility solutions across three segments (Commercial Services, Government Solutions, Parking Solutions) with scale in…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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