Earnings ·
Verra Mobility reported a net loss of $48.2 million for the quarter ended June 30, 2026, compared to net income of…
VRRMVERRA MOBILITY Corp
Verra Mobility reported a net loss of $48.2 million for the quarter ended June 30, 2026, compared to net income of $38.6 million in the prior year period, driven by $104.4 million in goodwill and intangible asset impairments. Total revenue increased 12% to $263.6 million, with service revenue growth led by a $12.0 million increase from New York City camera installations. The company revised its full-year 2026 guidance, projecting total revenue of $945–$965 million and adjusted EPS of $1.11–$1.17. Additionally, Verra Mobility extended contracts with Avis Budget Group for seven years and Hertz for five years on less favorable terms, while appointing Jon Keyser as Interim CEO following the departure of David Roberts. Verra Mobility Corporation operates in the smart mobility technology sector, providing automated traffic safety solutions, tolling services, and parking management software.