Every material Form 8-K Verra Mobility has filed with the SEC since May 07, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Verra Mobility said CFO Craig Conti will resign effective November 4, 2026. The Board appointed Matthew Kvarda, a Managing Director at Alvarez & Marsal, as interim CFO effective November 5, 2026, while a search firm assists in finding a permanent CFO. Kvarda's services are provided through an engagement with Alvarez & Marsal, which the company pays directly, and he will not receive compensation from Verra Mobility.
Craig Conti resigns as Executive Vice President and Chief Financial Officer effective November 4, 2026.
Matthew Kvarda, 56, is appointed interim CFO and principal financial officer effective November 5, 2026, until a permanent CFO is appointed.
Verra Mobility will pay Alvarez & Marsal $150,000 per month plus expenses, rising to $165,000 from May 1, 2027; fees through October 31, 2027 may not exceed $1,890,000 without consent.
Spencer Stuart is assisting the Board in the search for a permanent Chief Financial Officer.
Verra Mobility said Chief Financial Officer Craig Conti will resign effective November 4, 2026, to pursue an opportunity in a different industry, and that the departure is not related to financial or operating results. The company is searching for a permanent CFO and expects to name an interim CFO, and it reaffirmed its 2026 full-year outlook, which it first presented on August 5, 2026.
Conti notified the company on October 8, 2026, and his last day is November 4, 2026
The board has begun a search for a permanent CFO with Spencer Stuart and expects to appoint an interim CFO
Third quarter 2026 results will be released before market open on October 30, 2026, with no conference call planned
The company reaffirmed its 2026 full-year outlook, originally presented on August 5, 2026
Verra Mobility's board appointed Jon Newhard as President and Chief Executive Officer, effective November 1, 2026, and as a director on the same date, which increases the board from six to seven members. He succeeds Jon Keyser, the interim CEO since June 2026, who will serve in an advisory role until December 31, 2026, while severance terms with Mr. Keyser are still being negotiated. The filing sets Mr. Newhard's base salary at $725,000 and includes a $4,750,000 inducement RSU award that remains subject to approval.
Jon Newhard, 57, was CEO of Yunex Traffic GmbH from March 2024 until September 2026 and previously led Clinc, Inc. and Cubic's ITS division.
Base salary of $725,000, with a target bonus of 100% of base salary and an estimated target equity grant date fair value of $4,000,000 beginning in fiscal 2027.
Inducement RSU award with a grant-date fair value of $4,750,000, subject to NASDAQ Listing Rule 5635(c)(4) approvals and vesting over three annual installments.
Jon Keyser remains in an advisory role until December 31, 2026, and the company is negotiating his severance arrangements.
Verra Mobility reported second quarter 2026 revenue of $263.6 million, up 12%, but a net loss of $48.2 million, compared with net income of $38.6 million a year earlier, mainly due to goodwill and intangible asset impairments. The company also revised its full-year 2026 guidance and said two significant rental car customers extended contracts on materially less favorable terms, with fleet volume modulation rights that could make revenue vary. For shareholders, reported profit fell sharply and contract terms weakened, though the filing does not state the prior guidance figures.
Total revenue was $263.6 million, up 12% from $236.0 million in the second quarter of 2025.
Net loss was $(48.2) million, or $(0.32) per share, versus net income of $38.6 million, or $0.24 per share, a year earlier; the company cited a $64.0 million goodwill impairment and a $40.4 million intangibles impairment in Parking Solution
Adjusted EPS was $0.38 versus $0.34, while free cash flow was $32.6 million versus $40.3 million.
Full-year 2026 guidance: revenue of $945 million to $965 million, Adjusted EBITDA of $360 million to $370 million, Adjusted EPS of $1.11 to $1.17, and free cash flow of $105 million to $115 million.
Verra Mobility appointed Stacey Moser as Chief Customer Officer, effective immediately, to lead sales, account management and marketing across its Commercial Services and Government Solutions businesses. The company described the changes as part of a transformation aimed at a more unified operating model, and disclosed that Executive Vice President Jon Baldwin will leave on July 9, 2026. The filing does not include financial results or guidance, so its effect on shareholders is not quantified.
Stacey Moser named Chief Customer Officer, effective immediately, overseeing sales, account management and marketing for two segments
Moser's compensation includes RSU grants with grant date values of $375,000 and $125,000, plus cash retention awards of $375,000 and $125,000
Jon Baldwin, Executive Vice President, Government Solutions, departs effective July 9, 2026
Changes follow a Transformation Committee review and an earlier shift to a hybrid operating model
Verra Mobility said its Executive Vice President of Government Solutions, Jonathan Baldwin, will leave the company on July 9, 2026, and remains in the role until then. His severance is tied to his existing employment agreement and depends on him signing and not revoking a general release of claims against the company.
Jonathan Baldwin, Executive Vice President, Government Solutions, departs July 9, 2026
The company made the determination on June 9, 2026; the 8-K was filed June 15, 2026
Severance follows a termination-without-cause provision in his employment agreement, conditional on a signed general release
The filing does not name a successor or give a severance dollar amount
Verra Mobility replaced CEO David Roberts with Chief Transformation Officer Jonathan Keyser as interim President and CEO, effective May 31, 2026, and Roberts also resigned from the Board. The company said the change is meant to realign its cost structure, and it has retained a search firm to find a permanent CEO.
David Roberts ceased to serve as President and CEO effective May 31, 2026, and resigned from the Board effective May 30, 2026; the Board reduced its size from seven to six directors.
Keyser's interim pay includes a base salary of $650,000 and a target bonus of 100% of base salary, plus a $2,250,000 RSU award and a $3,300,000 cash retention award.
CFO Craig Conti received a $1,750,000 RSU award and a $3,300,000 cash retention award, with base salary rising to $550,000 effective June 2, 2026.
Verra Mobility reported first quarter 2026 revenue of $223.6 million, up 0.1% from $223.3 million a year earlier, while net income fell to $26.7 million, or $0.17 per diluted share, from $32.3 million, or $0.20. The company reaffirmed all of its 2026 full-year guidance, including total revenue of $1,020 million to $1,030 million, and said the profit decline was mainly due to higher operating expenses and lower product sales, partly offset by a February 2026 legal settlement paid in Australian listed shares.
Q1 2026 adjusted EPS was $0.25 versus $0.30 in Q1 2025; adjusted EBITDA was $86.0 million versus $95.4 million.
Free cash flow was $9.6 million versus $41.7 million a year earlier; operating cash flow was $40.8 million versus $63.0 million.
Government Solutions revenue rose 3% to $105.3 million, while Commercial Services revenue fell 4% to $97.8 million.
The company repurchased 2,215,800 shares for $50.2 million in the quarter and had $66.3 million left under its authorization as of March 31, 2026.
Verra Mobility reported fourth quarter 2025 revenue up 16% to $257.9 million and full year revenue up 11% to $979.1 million, with full year net income of $136.6 million versus $31.4 million in 2024. Fourth quarter Adjusted EPS fell to $0.30 from $0.33, and Adjusted EBITDA margin fell to 39% from 46%, while the company guided 2026 Adjusted EBITDA of $405 million to $415 million, compared with $415.9 million in 2025.
Q4 2025 revenue was $257.9 million, up 16% from $221.5 million; Q4 net income was $18.9 million, or $0.12 per share, versus a net loss of $66.7 million in Q4 2024, which included a goodwill impairment
Full year 2025 Adjusted EPS was $1.32, up from $1.23 in 2024; Q4 Adjusted EBITDA was $101.8 million versus $102.0 million a year earlier
2026 guidance: total revenue of $1,020 million to $1,030 million, Adjusted EBITDA of $405 million to $415 million, Adjusted EPS of $1.32 to $1.38, and Free Cash Flow of $150 million to $160 million
A new five-year New York City Department of Transportation contract, effective January 1, 2026, has a total value of $998 million; the company repurchased $133.4 million of its shares in Q4 2025
Verra Mobility reported third-quarter 2025 revenue of $261.9 million, up 16%, and net income of $46.8 million, or $0.29 per diluted share, compared with $0.21 a year earlier. The company raised its 2025 revenue guidance, kept its Adjusted EBITDA, Adjusted EPS and Free Cash Flow guidance unchanged, and increased its share repurchase authorization to $250.0 million, though operating cash flow fell $31.1 million from the prior-year quarter.
Q3 2025 total revenue was $261.9 million, up from $225.6 million in Q3 2024, with the New York City red-light camera expansion cited as the main driver
Net income was $46.8 million, or $0.29 per diluted share, versus $34.7 million, or $0.21, a year earlier
2025 total revenue guidance raised to $955 million to $965 million from $925 million to $935 million; Adjusted EBITDA, Adjusted EPS and Free Cash Flow guidance reaffirmed
Board authorized an additional $150.0 million of buybacks on October 23, 2025, bringing the total available to $250.0 million through November 13, 2026
Verra Mobility and certain subsidiaries entered into a new $150 million asset-based revolving credit facility maturing October 17, 2030, replacing a $125 million facility. They also refinanced about $688.8 million of existing term loans, extending the maturity from March 26, 2028 to October 15, 2032, at an interest rate margin 0.25% lower than before.
ABL facility: $150 million revolver, $35 million letter of credit sublimit, matures October 17, 2030; about $3.74 million of letters of credit outstanding and no loans drawn at closing
Term loan: about $688.8 million refinanced into a new senior secured term loan of the same principal amount, maturing October 15, 2032
Term loan pricing: SOFR plus 2.00%, or 0.25% lower than the existing agreement; 1.00% of principal amortizes quarterly beginning March 31, 2026
Covenants include limits on dividends, debt, and stock repurchases, and a 1.0 to 1.0 minimum fixed charge coverage ratio if unused availability falls below the greater of 10.0% of commitments or $15 million
Verra Mobility's Compensation Committee approved a one-time restricted stock unit award with a $300,000 grant date value for Jonathan Keyser, its Executive Vice President and Chief Legal Officer, as part of a retention arrangement. Effective September 19, 2025, his base salary rose to $450,000, his target bonus to 75% of salary, and his target long-term incentive award to $1,000,000. The filing is an executive compensation change that could affect costs and retention of a senior officer.
One-time RSU award with a $300,000 grant date value, expected to be granted on the second trading day after the Q3 2025 Form 10-Q filing
RSUs vest in three equal annual installments beginning September 19, 2026, subject to continued employment
Base salary increased to $450,000; target bonus set at 75% of base salary; target long-term incentive raised to $1,000,000, effective September 19, 2025
Verra Mobility reported second quarter 2025 results on August 6, 2025, with total revenue up 6% to $236.0 million and net income up to $38.6 million, or $0.24 per diluted share, from $34.2 million, or $0.20, a year earlier. The company reaffirmed all of its 2025 full-year guidance, but CEO David Roberts said a further modest decline in travel volume could push results toward the lower end of the ranges previously provided.
Total revenue was $236.0 million, up from $222.4 million in the second quarter of 2024; Government Solutions segment revenue rose 10% to $107.1 million.
Net income was $38.6 million, or $0.24 per diluted share, versus $34.2 million, or $0.20, in the prior-year quarter.
Adjusted EBITDA was $105.3 million, compared with $102.2 million, with a margin of 45% versus 46% a year earlier.
2025 guidance was reaffirmed: total revenue of $925 million to $935 million, Adjusted EPS of $1.30 to $1.35, and Free Cash Flow of $175 million to $185 million.
Verra Mobility appointed Stacey Moser as Executive Vice President and General Manager of its Commercial Services business, effective July 21, 2025, succeeding Steve Lalla, who is departing the company on July 30, 2025. The filing discloses a leadership change in one business unit, and Lalla's severance is tied to the terms of his prior employment agreement.
Stacey Moser, former Chief Commercial Officer at Universal Robots, takes the role effective July 21, 2025 and reports to CEO David Roberts.
Steve Lalla, Executive Vice President, Commercial Services, remains in his position until July 21, 2025, then serves as a non-executive employee until his departure on July 30, 2025.
Lalla's severance is consistent with a termination without cause under his previously disclosed employment agreement and is subject to a general release.
Lalla had led the Commercial Services business since February 2021.
Verra Mobility and certain subsidiaries entered into Amendment No. 4 to their revolving credit agreement with Bank of America on May 15, 2025, increasing commitments from $75 million to $125 million. The other material terms of the existing facility, which matures December 20, 2026, are unchanged.
Commitments under the senior secured revolving credit facility increase from $75 million to $125 million.
The existing facility matures December 20, 2026 and is governed by a monthly borrowing base of eligible inventory and accounts receivable.
Bank of America, N.A. is administrative agent, collateral agent and a lender under the amendment.
Verra Mobility reported first quarter 2025 total revenue of $223.3 million, up 6% from $209.7 million a year earlier, and net income of $32.3 million, or $0.20 per diluted share, compared with $29.1 million, or $0.17, in the prior-year quarter. The company reaffirmed all 2025 full-year guidance but said results could trend toward the lower end of the ranges previously given because of economic uncertainty and possible effects on travel demand.
Q1 2025 total revenue was $223.3 million, up 6% from $209.7 million; Adjusted EPS was $0.30 versus $0.27.
Net income was $32.3 million, or $0.20 per diluted share, versus $29.1 million, or $0.17, a year earlier.
2025 guidance reaffirmed: total revenue of $925 million to $935 million and Adjusted EPS of $1.30 to $1.35, with a warning of risk toward the lower end of the ranges.
Net Leverage was 2.3x at March 31, 2025, down from 2.4x at December 31, 2024; cash flow from operations was $63.0 million.
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