Verra Mobility Q2 net loss of $48.2 million on impairments; revenue up 12%
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.
Key points
- 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.
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 August 05, 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.