VERRA MOBILITY Corp reported second-quarter 2026 results with revenue rising to $263.6M while the company swung to a loss, reporting net income of $(48.2)M and diluted EPS of $(0.32) versus a year-ago profit and positive EPS.
Financial Highlights
- Revenue: $263.6M for Q2 2026, up from $236.0M in Q2 2025; YoY change 11.7%.
- Net income: $(48.2)M for Q2 2026, versus $38.6M in Q2 2025 (year-ago profit to current-quarter loss).
- Diluted EPS: $(0.32) for Q2 2026, versus $0.24 in Q2 2025.
Business Highlights
- Total revenue rose 6.1% year over year, driven by $24.7M of service revenue growth and expansion in Government Solutions.
- Government Solutions saw strong installation and service gains from NYCDOT camera rollouts and expanded bus lane and speed program deployments.
- Commercial Services showed momentum from increased product adoption and RAC tolling growth, offset in part by FMC customer churn and contract renegotiations.
- Management completed an organizational realignment and appointed an interim CEO to accelerate transformation and customer focus.
- Parking Solutions recorded impairments reflecting reduced recoverable value; management is prioritizing SaaS, professional services, and cost control actions.
Original SEC Filing:
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