Via Transportation, Inc. Financials
Via Transportation, Inc. (VIA) reported $434.3M in revenue for fiscal year 2025, up 28.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 was a financing-led reset, with new capital swelling cash while operations still consumed cash.
The apparent balance-sheet repair in FY2025 was not an internally funded turnaround: cash rose to$370.9M alongside$368.3M of financing inflow. Because free cash flow was still-$32.5M , the move to positive equity looks like a capital raise resetting the balance sheet rather than operations funding themselves.
Across FY2023-FY2025, gross margin stability near
Cash consumption improved much faster than reported earnings: operating cash flow moved from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Via Transportation, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Via Transportation, Inc. has an operating margin of -17.6%, meaning the company loses $18 on every $100 of revenue. This results in a profitability score of 28/100. This is up from -24.9% the prior year.
Via Transportation, Inc.'s revenue surged 28.6% year-over-year to $434.3M, reflecting rapid business expansion. This strong growth earns a score of 90/100.
Via Transportation, Inc. carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.98, Via Transportation, Inc. holds $4.98 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Via Transportation, Inc.'s operations used $30.9M of cash, and capex of $1.7M added to the outflow, for a free cash flow shortfall of $32.5M. This results in a cash flow score of 13/100.
Via Transportation, Inc. posts a -15.3% return on equity (ROE), meaning it loses $15 for every $100 of shareholders' equity. This results in a returns score of 30/100.
Via Transportation, Inc. scores 12.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($105.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Via Transportation, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Via Transportation, Inc. reported a net loss of $96.4M while operations used $30.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Via Transportation, Inc. reported an operating loss of $76.6M against $7.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Via Transportation, Inc. generated $434.3M in revenue in fiscal year 2025. This represents an increase of 28.6% from the prior year.
Via Transportation, Inc.'s EBITDA was -$72.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.6% from the prior year.
Via Transportation, Inc. reported -$96.4M in net income in fiscal year 2025. This represents a decrease of 6.7% from the prior year.
Via Transportation, Inc. earned -$2.92 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Via Transportation, Inc. recorded an outflow of $32.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 54.2% from the prior year.
Via Transportation, Inc. held $370.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Via Transportation, Inc.'s gross margin was 39.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Via Transportation, Inc.'s operating margin was -17.6% in fiscal year 2025, reflecting core business profitability. This is up 7.2 percentage points from the prior year.
Via Transportation, Inc.'s net profit margin was -22.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.
Via Transportation, Inc.'s ROE was -15.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Via Transportation, Inc. invested $92.4M in research and development in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Via Transportation, Inc. invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 54.1% from the prior year.
Not reported for fiscal year 2025.
VIA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $491.7M | $434.3M+28.6% | $337.6M+35.7% | $248.9M |
| Cost of Revenue | $296.0M | $262.5M+27.0% | $206.8M+38.4% | $149.4M |
| Gross Profit | $195.7M | $171.8M+31.3% | $130.8M+31.6% | $99.4M |
| R&D Expenses | $98.9M | $92.4M+3.8% | $89.0M-7.1% | $95.8M |
| SG&A Expenses | $107.5M | $88.6M+26.2% | $70.3M+9.4% | $64.2M |
| Operating Income | -$88.6M | -$76.6M+8.7% | -$83.9M+26.7% | -$114.5M |
| Interest Expense | $3.0M | $7.3M+71.1% | $4.3M+557.1% | $653K |
| Income Tax | $1.6M | $2.5M+33.4% | $1.9M+4.1% | $1.8M |
| Net Income | -$98.5M | -$96.4M-6.7% | -$90.3M+22.6% | -$116.7M |
| EPS (Diluted) | — | -$2.92 | -$7.21+24.9% | -$9.60 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VIA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $733.1M+93.5% | $378.8M | N/A |
| Current Assets | $469.6M+187.7% | $163.2M | N/A |
| Cash & Equivalents | $370.9M+376.1% | $77.9M+5.8% | $73.6M |
| Accounts Receivable | $81.6M+10.6% | $73.8M | N/A |
| Goodwill | $192.3M+20.1% | $160.1M-1.0% | $161.8M |
| Total Liabilities | $105.4M-92.3% | $1.4B | N/A |
| Current Liabilities | $94.2M+23.1% | $76.5M | N/A |
| Total Equity | $627.7M+163.6% | -$987.1M-7.5% | -$918.6M |
| Retained Earnings | -$1.2B-8.8% | -$1.1B | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
VIA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Operating Cash Flow | -$40.8M | -$30.9M+55.9% | -$70.0M+24.5% | -$92.6M |
| Capital Expenditures | $1.4M | $1.7M+54.1% | $1.1M-57.1% | $2.5M |
| Free Cash Flow | -$42.2M | -$32.5M+54.2% | -$71.0M+25.3% | -$95.1M |
| Investing Cash Flow | -$47.1M | -$45.8M-929.1% | -$4.5M+89.7% | -$43.3M |
| Financing Cash Flow | $345.8M | $368.3M+358.8% | $80.3M-29.5% | $113.9M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VIA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Margin | 39.6%+0.8pp | 38.8%-1.2pp | 40.0% |
| Operating Margin | -17.6%+7.2pp | -24.9%+21.1pp | -46.0% |
| Net Margin | -22.2%+4.6pp | -26.7%+20.1pp | -46.9% |
| Return on Equity | -15.3% | N/A | N/A |
| Return on Assets | -13.1%+10.7pp | -23.8% | N/A |
| Current Ratio | 4.98+2.9x | 2.13 | N/A |
| Debt-to-Equity | 0.17 | N/A | N/A |
| FCF Margin | -7.5%+13.6pp | -21.0%+17.2pp | -38.2% |
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Where Via Transportation, Inc. Ranks
Frequently Asked Questions
What is Via Transportation, Inc.'s annual revenue?
Via Transportation, Inc. (VIA) reported $434.3M in total revenue for fiscal year 2025. This represents a 28.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Via Transportation, Inc.'s revenue growing?
Via Transportation, Inc. (VIA) revenue grew by 28.6% year-over-year, from $337.6M to $434.3M in fiscal year 2025.
Is Via Transportation, Inc. profitable?
No, Via Transportation, Inc. (VIA) reported a net income of -$96.4M in fiscal year 2025, with a net profit margin of -22.2%.
What is Via Transportation, Inc.'s EBITDA?
Via Transportation, Inc. (VIA) had EBITDA of -$72.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Via Transportation, Inc.'s gross margin?
Via Transportation, Inc. (VIA) had a gross margin of 39.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Via Transportation, Inc.'s operating margin?
Via Transportation, Inc. (VIA) had an operating margin of -17.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Via Transportation, Inc.'s net profit margin?
Via Transportation, Inc. (VIA) had a net profit margin of -22.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Via Transportation, Inc.'s return on equity (ROE)?
Via Transportation, Inc. (VIA) has a return on equity of -15.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Via Transportation, Inc.'s free cash flow?
Via Transportation, Inc. (VIA) recorded an outflow of $32.5M in free cash flow during fiscal year 2025. This represents a 54.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Via Transportation, Inc.'s operating cash flow?
Via Transportation, Inc. (VIA) recorded an outflow of $30.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Via Transportation, Inc.'s total assets?
Via Transportation, Inc. (VIA) had $733.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Via Transportation, Inc.'s capital expenditures?
Via Transportation, Inc. (VIA) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Via Transportation, Inc. spend on research and development?
Via Transportation, Inc. (VIA) invested $92.4M in research and development during fiscal year 2025.
What is Via Transportation, Inc.'s current ratio?
Via Transportation, Inc. (VIA) had a current ratio of 4.98 as of fiscal year 2025, which is generally considered healthy.
What is Via Transportation, Inc.'s debt-to-equity ratio?
Via Transportation, Inc. (VIA) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Via Transportation, Inc.'s return on assets (ROA)?
Via Transportation, Inc. (VIA) had a return on assets of -13.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Via Transportation, Inc.'s Altman Z-Score?
Via Transportation, Inc. (VIA) has an Altman Z-Score of 12.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Via Transportation, Inc.'s Piotroski F-Score?
Via Transportation, Inc. (VIA) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Via Transportation, Inc.'s earnings high quality?
Via Transportation, Inc. (VIA) reported a net loss of $96.4M while operations used $30.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Via Transportation, Inc. cover its interest payments?
Via Transportation, Inc. (VIA) reported an operating loss of $76.6M against $7.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Via Transportation, Inc.?
Via Transportation, Inc. (VIA) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.