Verra Mobility Q1 revenue flat at $223.6 million; profit falls, guidance reaffirmed
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.