Verra Mobility Q2 FY26 turns to net loss of $48.2 million; revenue rises 12% to $263.6 million
Reuters2026/08/05 20:27- Verra Mobility posts Q2 2026 revenue up 12% to USD 263.6 million; net results swing to a USD 48.2 million loss.
- Adjusted EBITDA rises to USD 110.7 million from USD 105.3 million; adjusted EBITDA margin falls 3 percentage points to 42%.
- Operating cash flow drops to USD 56.4 million from USD 75.1 million; free cash flow slips to USD 32.6 million from USD 40.3 million.
- Extended key Commercial Services contracts: seven-year Avis Budget extension, five-year Hertz extension; both on materially less favorable terms with fleet-volume modulation rights.
- Revised 2026 outlook: revenue USD 945-965 million, adjusted EBITDA USD 360-370 million, adjusted EPS USD 1.11-1.17, free cash flow USD 105-115 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"Expensive Protection" Arbitrage Opportunities in a Calm US Stock Market: SocGen Recommends Selling Short-Term Tail Volatility, but Hedging Against Crash Risks
Société Générale stated that the surge in short-term S&P 500 option premiums is creating attractive opportunities for selling volatility strategies, but it is necessary to hedge against downside risk.
BUUU Group signs deal to buy 60% stake in modular data center provider Brightray Science
Goldman Sachs remains bullish on the South Korean stock market: Driven by the AI memory boom, with a potential upside of up to 80%.
Goldman Sachs strategist Timothy Moe maintains his bullish target on the South Korean stock market, believing that investors are underestimating how long the benefits of artificial intelligence (AI) will last for the country's memory chip manufacturers.
Crypto prices
More
