Verra Mobility Corp
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Yellow, because the company is substantively healthy while one material operating question stays open. On the side of substance: $255.8 million of operating cash flow in 2025, income from operations covering interest expense about 3.7 times over, maturities not until 2029 and 2032, covenants met, and positive equity of $272.0 million — none of that points to the kind of balance-sheet risk that would turn the light red. Against green: earnings for the coming years hang on individual signatures. The terminated customer carried roughly 29 to 30 percent of 2025 segment profit, its replacement contract so far exists only as an agreement on key terms at expressly worse conditions, and two further large customers worth 21.9 percent of quarterly revenue are up for renegotiation within 18 months. Add an interim chief executive and $424.4 million of goodwill in the affected segment, more than the entire equity base. The low share price argues neither way — it is a price, not a quality attribute. Green turns yellow the moment the decisive number of the coming years sits in a document still being negotiated. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Verra Mobility earns its money from the paperwork of driving, and it does so with unusual profitability: $979.1 million of revenue, $136.6 million of net income and $255.8 million of operating cash flow in 2025, plus a 64.8 percent segment margin in the rental car business. That is also where the weakness lies: four customers recently brought roughly half of revenue, and the most profitable of them terminated on May 26, 2026 — it accounted for $135 million to $145 million of revenue but $120 million to $125 million of segment profit. The July 28, 2026 agreement keeps the relationship alive, but it is only an understanding on key terms and expressly on materially worse conditions. Whoever buys here is not buying a multiple but an open contract negotiation. Not investment advice.
Earnings power of the core business
The Commercial Services segment turned $435.8 million of 2025 revenue into $282.5 million of segment profit — a 64.8 percent margin and roughly 68 percent of total segment profit of $415.9 million. Group-wide, 2025 delivered $979.1 million of revenue, $136.6 million of net income and $255.8 million of operating cash flow.
Customer concentration
Three Commercial Services customers (13.3 / 11.9 / 10.0 percent) plus the New York City Department of Transportation (15.2 percent) brought roughly half of consolidated revenue in the first quarter of 2026. Per the quarterly report filed May 6, 2026, the contracts of the two remaining large Commercial Services customers come up for renewal discussions within 18 months.
Avis Budget break and renegotiation
The May 26, 2026 termination costs, by the company's own figures, $135 million to $145 million of annualized revenue and $120 million to $125 million of annualized segment profit — roughly 29 to 30 percent of 2025 segment profit. The July 28, 2026 agreement covers only the commercial key terms of a seven-year contract, leaves Avis Budget the option to insource selectively and is expressly "materially less favorable."
Balance sheet and goodwill
As of March 31, 2026, $1,055.6 million of debt stood against $272.0 million of equity; maturities fall in 2029 and 2032, all covenants were met, and 2025 income from operations covered interest expense about 3.7 times over. The risk sits in $741.2 million of goodwill, of which $424.4 million is in the affected segment — in 2024 the company already wrote off $97.1 million in Parking Solutions.
Leadership and capital allocation
Chief executive change effective May 31, 2026 (filled on an interim basis), departure of the Government Solutions head on July 9, 2026, board reduced from seven directors to six, retention awards for executives. Beforehand the company had repurchased $183.6 million of its own shares between October 2025 and March 2026 at an average of roughly $22.27 — barely three months before the termination. In June 2026 the departed chief executive filed two Form 144 notices for proposed sales of 1,008,472 shares in total, with a stated market value of roughly $4.47 million; no Form 4 confirming execution had been filed as of July 29, 2026.
Worth Noting
Verra Mobility reached our research list through the event radar, which pulls mandatory filings from the U.S. securities regulator, the SEC — specifically the Form 8-K under Item 7.01 filed on July 29, 2026 (event of July 28, 2026) announcing the agreement with Avis Budget. It was not a hit from any of our momentum or quality filters; those scanner lists are recomputed daily.
Important context for the valuation metrics: the price-to-earnings and price-to-sales ratios (about 5 and about 0.65 as of July 28, 2026) rest on the trailing twelve months and therefore still contain the full Avis business. The revised 2026 guidance likewise contains Avis through September 2026 — the full annual impact of the termination only lands in 2027.
Verra Mobility identifies the three large Commercial Services customers in its concentration note only as "Customer A, B and C" and attaches no names. That the magnitude of the Avis termination ($135 million to $145 million against $979.1 million of 2025 consolidated revenue, roughly 14 percent) matches the largest of those three is arithmetic by this analysis, not confirmation by the company.
Stock Watch
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 3.40 $ to 24.80 $ · Last price: 3.40 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Information Technology Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Verra Mobility Corp VRRM | 0.5 | 4.5 | 5.7 | 55.7 | – | 11.4 | -85.9 |
| International Business Machines IBM | 212.8 | 21.3 | 16.3 | 58.1 | 13.8 | 7.6 | -5.9 |
| Accenture plc ACN | 117.9 | 15.3 | 9.0 | 32.0 | 17.0 | 7.4 | -18.5 |
| Infosys Ltd INFY | 45.0 | 13.7 | 9.0 | 29.7 | 21.2 | 4.6 | -32.7 |
| Cognizant Technology Solutions Corporation CTSH | 29.3 | 13.1 | 7.3 | 33.4 | 15.6 | 7.0 | -9.6 |
| CDW Corp CDW | 19.1 | 17.3 | 12.4 | 21.4 | 6.6 | 6.8 | -9.0 |
| Broadridge Financial Solutions Inc BR | 19.0 | 17.6 | 12.1 | 31.8 | 18.4 | 5.9 | -31.4 |
| Fidelity National Information Services, Inc. FIS | 18.8 | 7.2 | 9.6 | 35.8 | 16.4 | 5.4 | -43.7 |
| Wipro Limited WIT | 16.6 | 12.9 | 7.4 | 29.0 | 15.7 | 4.0 | -37.3 |
| Median of companies shown | 19.1 | 13.7 | 9.0 | 32.0 | 16.0 | 6.8 | -31.4 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 231 | 48 | 29 | 0.72 | 44 | 0 | 0 |
| 2017 | -1 | -1 | 1 | 0.03 | 2 | 5 | 404 |
| 2018 | 370 | 13 | -58 | -0.67 | 46 | 302 | 1,345 |
| 2019 | 449 | 96 | 17 | 0.11 | 134 | 310 | 1,407 |
| 2020 | 394 | 38 | -5 | -0.03 | 47 | 316 | 1,367 |
| 2021 | 551 | 112 | 41 | 0.25 | 193 | 260 | 1,837 |
| 2022 | 742 | 165 | 92 | 0.58 | 218 | 231 | 1,756 |
| 2023 | 817 | 189 | 57 | 0.36 | 206 | 421 | 1,790 |
| 2024 | 879 | 136 | 31 | 0.19 | 224 | 265 | 1,614 |
| 2025 | 979 | 238 | 137 | 0.85 | 256 | 293 | 1,646 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.41 | -2,376.50 | 222 | 5.00 | -30.10 | 41 | 22 |
| 2025: Q1 | 0.20 | 15.50 | 223 | 6.40 | 14.50 | 63 | 42 |
| 2025: Q2 | 0.24 | 17.70 | 236 | 6.10 | 16.30 | 75 | 40 |
| 2025: Q3 | 0.29 | 39.70 | 262 | 16.10 | 17.90 | 78 | 49 |
| 2025: Q4 | 0.12 | – | 258 | 16.40 | 7.30 | 40 | 6 |
| 2026: Q1 | 0.17 | -12.80 | 224 | 0.10 | 12.00 | 40 | 9 |
| 2026: Q2 | -0.32 | -233.30 | 26 | -89.10 | -186.80 | 56 | 33 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.14 | 1.13 – 1.17 | 963 | -13.6% | 8 |
| 12/31/2027 | 0.95 | 0.83 – 1.14 | 933 | -16.9% | 8 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly -11.0% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $96.7M |
|---|---|
| Market cap | $521.0M |
| Free cash flow in year ten | $30.3M |
| Terminal value as a share of market value | 30.6% |
For comparison: over the past five years free cash flow grew by 43.3% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Verra Mobility setzt KI nach eigener Darstellung ein, um Geschäftsprozesse und ausgewählte Teile der eigenen Lösungen zu verbessern, und baut diese Fähigkeiten weiter aus — als eigene Umsatzquelle taucht KI in Geschäfts- und Quartalsberichten dagegen nirgends auf.
View the full file — quotes, sources, reviewed filings
„We utilize artificial intelligence (“AI”) to enhance our business process functions and select aspects of our solutions."
Wir setzen künstliche Intelligenz (‚KI‘) ein, um unsere Geschäftsprozessfunktionen und ausgewählte Aspekte unserer Lösungen zu verbessern.
10-K · 2025-02-27 · View SEC filing
„Our products, services, and business operations increasingly incorporate AI, and we continue to invest in the expansion of our AI capabilities, including through enhancements to existing, and development of new, AI-enabled features and functionality."
Unsere Produkte, Dienstleistungen und Geschäftsabläufe binden zunehmend KI ein, und wir investieren weiter in den Ausbau unserer KI-Fähigkeiten — unter anderem durch Verbesserungen bestehender und die Entwicklung neuer KI-gestützter Funktionen.
10-K · 2026-02-24 · View SEC filing
Filings Reviewed: 10-Q 2026-05-06 · 10-Q 2025-10-29 · 10-Q 2025-08-06 · 10-Q 2025-05-07 · 10-K 2026-02-24 · 10-K 2025-02-27
Rated on July 29, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 9.7%
- More than 10% revenue growth is expected for the coming year -4.2%
- Share count grows by less than 3% a year 0.5%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 25.3%
- Gross margin at 40% or higher and without meaningful erosion 96.9%
- Goodwill from acquisitions does not grow faster than revenue 45.1%
- Net debt below twice EBITDA 27 m net cash
- Operating cash flow covers the profits of the last three years 460 m
- Return on capital at 15% or higher, or up versus two years ago 16.6%
- Insiders hold at least 10% or are net buyers 1.1%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
6/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 17.4%
- Exp. sales growth 3Y > 5% -2.4%
- EBIT growth 10Y > 5% 19.5%
- Exp. EBIT growth 3Y > 5% 5.8%
- Net debt < 4x EBIT -0.1x
- EBIT positive, 10Y straight 9
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% –
- ROCE > 15% 16.6%
- Expected return > 10% 33.6%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 9, 2026 | Patel Hiten M | Chief Accounting Officer | Other | 425 | 4.90 | 2,083 |
| Aug 9, 2026 | Patel Hiten M | Chief Accounting Officer | Other | 1,006 | 0.00 | – |
| Aug 9, 2026 | Patel Hiten M | Chief Accounting Officer | Other | 1,347 | 4.90 | 6,600 |
| Aug 9, 2026 | Patel Hiten M | Chief Accounting Officer | Other | 3,184 | 0.00 | – |
| Aug 7, 2026 | Moser Stacey | Chief Customer Officer | Other | 4,844 | 4.90 | 23,736 |
| Aug 7, 2026 | Moser Stacey | Chief Customer Officer | Other | 13,502 | 0.00 | – |
The company
About the Company
Verra Mobility Corporation bietet intelligente Mobilitätstechnologielösungen in den USA, Australien, Europa und Kanada an. Es ist in drei Segmenten tätig: Commercial Services, Government Solutions und Parking Solutions.
- Employees
- 1,888
- Headquarters
- Mesa, AZ
- Address
- 2046 Riverview Auto Drive, 85201 Mesa, United States
- Phone
- 480 443 7000
- Website
- verramobility.com
- IPO Date
- 03/24/2017
- ISIN
- US92511U1025
Management
| Name | Title | Birth Year |
|---|---|---|
| Jonathan Keyser | President & CEO | 1982 |
| Craig C. Conti | Executive VP & CFO | 1978 |
| Stacey Moser | Executive VP & Chief Customer Officer | 1978 |
| Hiten Patel | Chief Accounting Officer | 1982 |
| Jason Rivera | Chief Product and Technology Officer | – |
| Mark Zindler | Vice President of Investor Relations | – |
| Kristen Young | Senior Vice President, General Counsel & Chief Compliance Officer | – |
| Lin Bo | Senior Vice President of T2 Systems | 1986 |
| Raphael Avraham | Senior Associate General Counsel | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.