Welcome to our dedicated page for Verra Mobility news (Ticker: VRRM), a resource for investors and traders seeking the latest updates and insights on Verra Mobility stock.
Verra Mobility Corporation reports developments in smart mobility technology for commercial fleets, government agencies and parking customers. Its Commercial Services segment provides automated toll and violation management, title and registration services, and connected vehicle payment tools for rental car companies, fleet management companies and large fleet owners.
Recurring news for VRRM includes quarterly financial results, guidance, share repurchases, investor conference participation, product launches such as AutoKinex, and public-sector contracts for red-light, speed, school bus and bus-lane safety programs. Company updates also cover Parking Solutions software, transaction processing and hardware used by universities, municipalities, parking operators, healthcare facilities and transportation hubs in the United States and Canada.
Verra Mobility (NASDAQ: VRRM) reported second quarter 2026 revenue of $263.6 million, up 12% from $236.0 million in 2025, with Government Solutions revenue rising 20% and Commercial Services 6%. Adjusted EBITDA was $110.7 million (42% margin) and Adjusted EPS was $0.38, compared with $105.3 million and $0.34 a year earlier.
The company recorded a net loss of $(48.2) million, or $(0.32) per share, versus net income of $38.6 million in 2025, mainly due to a $64.0 million goodwill impairment and $40.4 million intangible impairment in Parking Solutions. Operating cash flow was $56.4 million and Free Cash Flow was $32.6 million, both below the prior-year quarter.
Verra Mobility entered a seven-year contract extension with Avis Budget Group and a five-year extension with Hertz on terms it describes as materially less favorable, including fleet volume modulation rights. It also highlighted New York City camera expansion and selection by Los Angeles for California’s largest speed safety program. The company changed leadership on June 1, 2026, appointing Jon Keyser as Interim CEO, and revised its 2026 guidance to revenue of $945–$965 million, Adjusted EBITDA of $360–$370 million, Adjusted EPS of $1.11–$1.17, and Free Cash Flow of $105–$115 million.
Verra Mobility (NASDAQ: VRRM) is partnering with the National Coalition for Safer Roads and communities nationwide to highlight National Stop on Red Week, themed “Stop Today. Protect Tomorrow.” The campaign shares stories from red-light-running crash survivors to underscore the human impact of intersection safety decisions.
According to Verra Mobility, its automated enforcement programs have reduced red-light violations in San Jose by 28% in the first 60 days and cut traffic fatalities in Merced by nearly 50%. National data cited show red-light safety cameras reduce fatal red-light-running crashes by 21% in large cities, while removals are linked to a 30% increase in such crashes.
Verra Mobility (NASDAQ: VRRM) announced a framework agreement with Avis Budget Group (ABG) on key commercial terms for a new seven-year tolling and violations services contract, with operational details still being finalized. The new structure allows ABG to selectively bring certain activities in-house. While specific financial terms are not disclosed, Verra Mobility expects the agreement to be materially less favorable financially than its prior contract with ABG. The company highlighted the extension of a nearly 20-year partnership and its role processing over 350 million toll transactions and 5.6 million violations for fleet customers in 2025, supporting more than 7.6 million vehicles globally.
Verra Mobility (NASDAQ: VRRM) will release financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026. Interim CEO Jon Keyser and CFO Craig Conti will host an investor conference call and live webcast at 5:00 p.m. ET the same day, accessible via the company’s Investor Relations website with replay and archived webcast available.
Verra Mobility (NASDAQ: VRRM) announced organizational changes to speed its transformation and sharpen customer focus. The company named Stacey Moser Chief Customer Officer, unifying sales, account management and marketing across Commercial Services and Government Solutions. These steps advance a hybrid model centralizing key corporate functions under the CEO and aim to simplify operations, improve execution and support long-term growth. Executive Vice President of Government Solutions Jon Baldwin will depart on July 9, 2026, while T2 Systems will continue to operate independently under Lin Bo.
Verra Mobility (NASDAQ: VRRM) was selected by the Los Angeles City Council to design, build, operate, and maintain a speed safety camera program across Los Angeles city and county.
The program, part of California’s AB 645 six-city pilot, targets 125 locations expected operational by end of 2026, forming the largest speed safety program in California and focusing on high-injury corridors, data-driven site selection, and privacy and equity safeguards.
Verra Mobility (NASDAQ: VRRM) announced a CEO transition effective immediately. Chief Transformation Officer and EVP & Chief Legal Officer Jon Keyser has been appointed interim President and CEO as David Roberts steps down as President, CEO and Director.
The Board cites a need to realign the cost structure, drive growth and create shareholder value, and has engaged a global executive search firm to identify a permanent CEO, considering both internal and external candidates.
Verra Mobility (NASDAQ:VRRM) received a contract termination notice from Avis Budget Group, effective September 2026. The company is cutting costs, reallocating resources, and intends to protect its contractual rights and intellectual property.
Revised 2026 guidance includes revenue of $985–$995 million, adjusted EBITDA of $380–$385 million, adjusted EPS of $1.19–$1.25, and free cash flow of $140–$150 million. Verra Mobility expects the termination to reduce 2026 annualized Commercial Services revenue by $135–$145 million and segment profit by $120–$125 million before cost actions.
Verra Mobility (NASDAQ: VRRM) reported Q1 2026 results for the quarter ended March 31, 2026. Total revenue was $223.6 million and net income was $26.7 million ($0.17 per diluted share). Adjusted EBITDA was $86.0 million (38% margin).
Net cash provided by operations was $40.8 million; Free Cash Flow was $9.6 million. Net debt was $1,017 million with Net Leverage 2.5x. The company repurchased $50.2 million of shares and reaffirmed full-year 2026 guidance: revenue $1,020–1,030M; Adjusted EBITDA $405–415M; Adjusted EPS $1.32–1.38; FCF $150–160M.
Verra Mobility (NASDAQ: VRRM) will report first quarter 2026 financial results for the period ended March 31, 2026, after market close on May 6, 2026. A conference call and live webcast with CEO David Roberts and CFO Craig Conti will be held at 5:00 p.m. ET on May 6, 2026.
Investors can access the live webcast and a replay on Verra Mobility's Investor Relations website; telephone access requires registration to receive dial-in numbers and a unique PIN.