Every material Form 8-K Verra Mobility filed with the SEC in 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 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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