Verra Mobility exits Ontario as new speed camera ban takes effect

Rhea-AI Summary

Verra Mobility (NASDAQ: VRRM) is exiting Ontario after provincial legislation banning automated speed enforcement cameras took effect on November 14, 2025, which overrides municipal programs. The company said it will comply with the law but noted widespread local support for cameras and cited research showing a 45% reduction in speeding in Toronto school zones and an 88% drop in vehicles >20 km/h over the limit.

Verra Mobility estimates the Ontario exit will cost about $7 million in annual revenue; that impact was included in the company's 2026 preliminary consolidated outlook and the company is not changing the outlook.

Positive

• $7 million annual revenue impact was pre‑factored into 2026 outlook
• Company will comply while continuing advocacy for automated enforcement

Negative

• Exit from Ontario removes a revenue source and local program participation
• Estimated $7 million in lost annual revenue

News Market Reaction

+2.25%

1 alert

+2.25% News Effect

On the day this news was published, VRRM gained 2.25%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MESA, Ariz., Nov. 21, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced it is in the process of exiting Ontario after the province enacted legislation banning automated speed enforcement cameras. Exiting Ontario was not a decision that Verra Mobility made; instead, it was mandated by provincial law that overrides municipalities' ability to use speed cameras, effective November 14, 2025.

Despite strong public support and requests from local officials to maintain automated speed enforcement programs, the provincial government fast-tracked the legislative process, limiting debate and skipping public hearings before the legislation was passed.

While Verra Mobility respects the legislative process, it stands firmly behind the proven effectiveness of speed cameras in improving road safety. These programs have consistently reduced speeding, prevented crashes and saved lives, especially in vulnerable locations such as school zones.

Local research proving their effectiveness was also ignored: a study by the Hospital for Sick Children (SickKids) and Toronto Metropolitan University found speed cameras reduced speeding by 45% in Toronto school zones, and vehicles traveling 20 km/h or more over the limit dropped by 88%.

"Communities across Ontario have shown strong support for automated speed enforcement because it works," said Jon Baldwin, executive vice president at Verra Mobility. "We will comply with the law, but this decision takes away a proven safety tool that 73% of Ontario drivers supported."

The financial impact of exiting Ontario is expected to result in approximately $7 million in lost annual revenue. The revenue impact was factored into the company's 2026 preliminary consolidated outlook as presented during the third quarter earnings call on October 29, 2025, and the company is not adjusting its 2026 preliminary consolidated outlook as a result of exiting Ontario.

Verra Mobility thanks its municipal partners and Ontario residents for their trust and collaboration over the years and will continue to advocate for evidence-based solutions that make roads safer for everyone.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter, and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data, and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility, and support healthier communities. The company also solves complex payment, utilization, and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

We describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future, including the expected impact of exiting Ontario on the company's 2026 preliminary consolidated outlook. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the company's press releases, SEC filings, and public conference calls and webcasts.

Media Relations:	Investor Relations:
Valerie Schneider	Mark Zindler
valerie.schneider@verramobility.com	mark.zindler@verramobility.com

 

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SOURCE Verra Mobility

FAQ

Why is Verra Mobility (VRRM) exiting Ontario on November 14, 2025?

Ontario enacted legislation banning automated speed enforcement cameras that overrides municipal programs, effective November 14, 2025.

How much revenue will Verra Mobility (VRRM) lose from exiting Ontario?

The company estimates approximately $7 million in lost annual revenue from the Ontario exit.

Will Verra Mobility (VRRM) change its 2026 outlook because of the Ontario exit?

No; the company says the Ontario revenue impact was factored into its 2026 preliminary consolidated outlook and it is not adjusting that outlook.

What evidence did Verra Mobility cite on the safety impact of speed cameras in Ontario?

The company cited a study showing a 45% reduction in speeding in Toronto school zones and an 88% drop in vehicles exceeding the limit by 20 km/h or more.

How did local communities in Ontario respond to the speed camera ban mentioned by Verra Mobility (VRRM)?

Verra Mobility said communities and local officials showed strong support for automated enforcement, and cited 73% driver support in Ontario.

What will Verra Mobility (VRRM) do after exiting Ontario?

The company will comply with the law, continue relationships with municipal partners, and advocate for evidence‑based road safety solutions.