Slide 1: Verra Mobility Q1 2026 Earnings Presentation
Earnings Overview Verra Mobility Q1 2026 Earnings Presentation For the Quarter Ended March 31, 2026
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: Q1 2026 Financial Highlights Executive Summary
Q1 2026 Financial Highlights Executive Summary Total Revenue • New York City Red-Light camera installations drive revenue growth - Government Solutions: 4% YoY service revenue growth driven by NYC red-light $224 million; Flat YoY camera installations and 12% growth outside of New York City - Commerc
Slide 4: Top-line growth driven by NYC expansion & core market trends
Top-line growth driven by NYC expansion & core market trends Consolidated – Q1 Results Total Revenue ($M) Adjusted EBITDA ($M)* Service Product Total $223 --% $224 $11 $10 Total Srvc $95 -10% $86 $212 +1% $213 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Adjusted EPS* Free Cash Flow ($M)*,1 $0.30 $42 Q1 2026 Fre
Slide 5: Revenue growth temporarily impacted by prior period FMC churn
Revenue growth temporarily impacted by prior period FMC churn Commercial Services – Q1 Results Total Revenue & YoY Growth Segment Profit & YoY Growth Segment Profit $63 -2% $62 $101 Srvc Rev -4% $98 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 – Key Highlights • First quarter Revenue down 4% compared to Q1 20
Slide 6: Revenue fueled by NYC expansion and core market acceleration
Revenue fueled by NYC expansion and core market acceleration Government Solutions – Q1 Results Total Revenue & YoY Growth Segment Profit & YoY Growth Service Product Revenue Total Rev $102 +3% $105 $8 $7 Srvc Rev $29 Segment Profit $94 +4% $98 -29% $21 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 – Key Highli
Slide 7: Solid SaaS and Services Revenue drove Q1 revenue growth
Solid SaaS and Services Revenue drove Q1 revenue growth Parking Solutions – Q1 Results Total Revenue & YoY Change Segment Profit & YoY Change SaaS & Service Revenue Product Revenue Total Rev $20 $20 +2% $4 $3 $17 Srvc Rev $17 Segment Profit +6% $3 $3 +16% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 – Key Hig
Slide 8: Strong, Flexible Balance Sheet + Robust Cash Flow
2 0 2 1 I N V E S T O R D A Y – © B U I L D E R8 S F I R S T S O U R C E Strong, Flexible Balance Sheet + Robust Cash Flow Capital Summary & Financial Highlights ($M) Net Leverage* Evolution ($M) March 31, 2026 $935 $893 $972 $1,017 $843 Cash & Cash Equivalents $47 2.3x 2.2x 2.3x 2.5x 2.0x Debt $1,0
Slide 9: Reaffirming 2026 Financial Outlook
Reaffirming 2026 Financial Outlook 2026 Guidance In millions, except per share data Commentary CS … MSD expected growth GS … High-end of MSD growth expected Expect Total Revenue growth of 5% at Total Revenue $1,020 - $1,030 (GS Service Rev expected to grow HSD) the mid-point of guidance PS (T2) … MS
Slide 10: Additional 2026 Guidance Assumptions
Additional 2026 Guidance Assumptions 2026 fully diluted share count expected to be approximately ~155 million shares (weighted average for the year) Effective tax rate expected to be 28.0% to 29.0% including State taxes; approximately $50 million expected in 2026 total cash taxes paid 2026 depreciat
Slide 11: Appendix
Appendix 11
Slide 12: Key Definitions
KEY DEFINITIONS EBITDA and Adjusted EBITDA We define "EBITDA" as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items. Adjusted EBITDA Margin We define “Adjusted EBITDA
Slide 13: Key Definitions, Continued
KEY DEFINITIONS, Continued Net Debt We define “Net Debt” as total long-term debt (including current portion of long-term debt) excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents. Net Leverage We define “Net Leverage” as Net Debt divided by the
Slide 14: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2024 – Q1 2026 Full Year Full Year ($ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Service revenue $202.7 $212.0 $217.3 $209.7 $841.7 $211.9 $223.5 $243.2 $239.8 $918.1 $213.4 Product sales 7.0 10.4 8.3 11.8 37.5 11.4
Slide 15: Verra Mobility Quarterly Results: Segment Results of Operations
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services ($ in millions) Full Year Full Year Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2024 2025 Total Revenue Commercial Services $95.9 $104.0 $109.1 $98.7 $407.7 $101.4 $109.0 $117.3 $108.1 $435
Slide 16: Adj. Net Income and Adjusted EPS Reconciliations
Verra Mobility Adj. Net Income and Adjusted EPS Reconciliations (in $MM, except per share data) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net Income $32.3 $38.6 $46.8 $18.9 $26.7 Amortization of intangibles 16.7 16.4 15.6 15.6 15.6 Transaction and other related expenses - 1.1 - 6.3 Transformation expe
Slide 17: Free Cash Flow Reconciliation, incl. % of Adj. EBITDA
Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA Q1 ($MM) 2022 2023 2024 2025 2026 TTM Net cash provided by operating $ 218 $206 $224 $256 $234 activities Purchases of installation and service parts and property and equipment (48) (57) (71) (119) (129) Free Cash Flow $ 170 $149 $
Slide 18: Net Debt and Net Leverage Reconciliation
Verra Mobility Net Debt and Net Leverage Reconciliation Q1 Q2 Q3 Q4 Q1 ($MM) 2025 2025 2025 2025 2026 2021 Term Loan, due 2028 $693 $691 $689 $687 $685 Plus: Senior Notes, due 2029 $350 $350 $350 $350 $350 Plus: Credit Revolver - - - - $26 Plus: Sale-leaseback financing - - - - $3 arrangement Long-t
Slide 19: Thank You
Thank You http://ir.verramobility.com/