Verra Mobility Corporation · NASDAQ:VRRM
Verra Mobility — Q3 2025 Earnings Presentation
23 slides from Verra Mobility's earnings presentation, Oct 29, 2025
Slide 1: Earnings Overview
Earnings Overview Verra Mobility Q3 2025 Earnings Presentation For the Quarter Ended September 30, 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements which address our expected future business and financial performance, and may contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,”
Slide 3: Q3 2025 Financial Highlights Executive Summary
Q3 2025 Financial Highlights Executive Summary • New York City Red-Light camera installations drive revenue growth Total Revenue - Government Solutions: 19% Y-o-Y service revenue growth driven by red-light camera $262 million; 16% YoY growth installations and 11% growth outside of New York City - Co
Slide 4: Strong top-line growth driven by NYC expansion & core market trends
Strong top-line growth driven by NYC expansion & core market trends Consolidated – Q3 Results Total Revenue ($M) Adjusted EBITDA ($M)* Service Product $262 Total $226 +16% $19 $8 Total $113 $105 +8% Service $243 $217 +12% Q3 2024 Q3 2025 Q3 2024 Q3 2025 Adjusted EPS* Free Cash Flow ($M)*,1 16% $0.37
Slide 5: Core Businesses Drive Strong Growth and FCF Conversion
Core Businesses Drive Strong Growth and FCF Conversion Total Revenue Breakdown ($M) Adjusted EBITDA & Margins* ($M) Service Total Revenue Product CAGR 15% Adj EBITDA Service Revenue CAGR 12% CAGR 17% 46% 44% $879 $943 $817 $38 $54 45% $742 $34 46% $46 $551 49% $58 $416 $888 $402 $784 $842 $372 $695
Slide 6: Stabilizing travel volume and secular trends driving strong performance
Stabilizing travel volume and secular trends driving strong performance Commercial Services – Q3 Results Total Revenue & YoY Growth Segment Profit & YoY Growth Srvc Rev $117 Segment Profit $78 $109 +7% $73 +7% Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 – Key Highlights • Third quarter Revenue up 7% over Q3
Slide 7: Revenue fueled by NYC expansion and core market acceleration
Revenue fueled by NYC expansion and core market acceleration Government Services – Q3 Results Total Revenue & YoY Growth Segment Profit & YoY Growth Service Product Revenue $123 Total Rev +28% $14 $96 $5 Srvc Rev Segment Profit $31 +19% $108 $28 +11% $91 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 – Key High
Slide 8: Solid SaaS and Services Revenue along with an increase in Product Revenue
Solid SaaS and Services Revenue along with an increase in Product Revenue drive 3Q revenue growth T2 Systems – Q3 Results Total Revenue & YoY Change Segment Profit & YoY Change SaaS & Service Revenue Product Revenue Total Rev $22 $21 +7% $3 $4 Srvc Rev $18 $17 +3% $4 Segment Profit $4 --% Q3 2024 Q3
Slide 9: Strong, Flexible Balance Sheet + Robust Cash Flow
2 0 2 1 I N V E S T O R D A Y – © B U I L D E R9 S F I R S T S O U R C E Strong, Flexible Balance Sheet + Robust Cash Flow Capital Summary & Financial Highlights ($M) Net Leverage* Improvement ($M) September 30, 2025, as adjusted $968 $935 $893 for refinancing* $844 $843 Cash & Cash Equivalents $196
Slide 10: Increasing 2025 Revenue Outlook and Reaffirming all other guidance measures
Increasing 2025 Revenue Outlook and Reaffirming all other guidance measures 2025 Guidance In millions, except per Expect Total Revenue growth of 9% at share data Commentary the mid-point of guidance CS … High-end of MSD growth CS driven by expected increased 1 Total Revenue $955 - $965 GS … low to m
Slide 11: Additional 2025 Guidance Assumptions
Additional 2025 Guidance Assumptions 2025 fully diluted share count expected to be approximately ~162 million shares (weighted average for the year) Effective tax rate expected to be 28.5% to 29.5% including State taxes; approximately $45 million expected in 2025 total cash taxes paid 2025 depreciat
Slide 12: New York City Contract Summary: $963M Total Contract Value Over Next 5 Years
NEW YORK CITY CONTRACT SUMMARY… $963M TOTAL CONTRACT VALUE OVER NEXT 5 YEARS Total Government Solutions Revenue Outlook Total Government Solutions Segment Profit Outlook +10-12% CAGR 32% Mid/High High 20’s High-20’s Low/Mid Product 20’s $520-550 20’s ~$12/yr $465-500 ~$450 $135-145 $391 $123 $120-12
Slide 13: Preliminary 2026 Outlook
Preliminary 2026 Outlook 2026 Preliminary Outlook 26’ Commentary CS … MSD growth Total Revenue Up MSD over 2025 GS … HSD growth T2 … LSD to MSD growth NYC Contract and Portfolio Mix; Adjusted EBITDA ~250 to 300 basis point partially offset by ERP savings Margins reduction and CS volume leverage Impa
Slide 14: The Next-Generation of Smart Mobility is a catalyst
The Next-Generation of Smart Mobility is a catalyst for margin expansion in 27’ and beyond Government Solutions is deploying its latest Smart Mobility platform, MOSAIC, a cloud-based, and fully secure application which streamlines the end-to-end processing of traffic incident events for enforcement
Slide 15: Appendix
Appendix 15
Slide 16: Key Definitions
KEY DEFINITIONS EBITDA and Adjusted EBITDA We define "EBITDA" as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items. Adjusted EBITDA Margin We define “Adjusted EBITDA
Slide 17: Key Definitions, Continued
KEY DEFINITIONS, Continued Net Debt We define “Net Debt” as total long-term debt (including current portion of long-term debt) excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents. Net Leverage We define “Net Leverage” as Net Debt divided by the
Slide 18: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2023 – Q3 2025 Full Year Full Year ($ in millions) 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Service revenue $783.6 $202.7 $212.0 $217.3 $209.7 $841.7 $211.9 $223.5 $243.2 Product sales 33.7 7.0 10.4 8.3 11.8 37.5 11.4 $12.5 $18.7 Total revenu
Slide 19: Verra Mobility Quarterly Results: Segment Results of Operations
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services Unaudited ($ in millions) Full Year 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full Year 2024 Q1 2025 Q2 2025 Q3 2025 Total Revenue Commercial Services $372.8 $95.9 $104.0 $109.1 $98.7 $407.7 $101.4 $109.0 $117.3 Segment Pr
Slide 20: Adj. Net Income and Adjusted EPS Reconciliations
Verra Mobility Adj. Net Income and Adjusted EPS Reconciliations (in $MM, except per share data) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Net Income $34.7 ($66.7) $32.3 $38.6 $46.8 Amortization of intangibles 16.8 16.7 16.7 16.4 15.6 Transaction and other related expenses 2.5 1.2 - 1.1 - Transformatio
Slide 21: Free Cash Flow Reconciliation, incl. % of Adj. EBITDA
Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA Q3 Q3 2025 ($MM) 2021 2022 2023 2024 2025 TTM Net cash provided by operating $ 193 $ 218 $206 $224 $78 $256 activities Purchases of installation and service parts and property and equipment (25) (48) (57) (71) (29) (104) Free Cash
Slide 22: Net Debt and Net Leverage Reconciliation
Verra Mobility Net Debt and Net Leverage Reconciliation Q3 Q4 Q1 Q2 Q3 ($MM) 2024 2024 2025 2025 2025 2021 Term Loan, due 2028 $700 $696 $693 $691 $689 Plus: Senior Notes, due 2029 $350 $350 $350 $350 $350 Long-term Debt, excluding original issue discounts and unamortized $1050 $1,046 $1,043 $1,041
Slide 23: Thank You
Thank You http://ir.verramobility.com/