Via Transportation, Inc. · NYSE:VIA
Via Transportation — Q2 2026 Earnings Presentation
25 slides from Via Transportation's earnings presentation, Aug 6, 2026
Slide 1: Mission-critical technology platform for government
Mission-critical technology platform for government
Slide 2: Disclaimer and Statement Regarding Use of Non-GAAP Metrics
Disclaimer and Statement Regarding Use of Non-GAAP Metrics Forward-Looking Statements This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, and that reflect our current views with respect to
Slide 3: Q2 2026 Highlights
$136M Q2 2026 Revenue +27% Q2 2026 YoY Revenue Growth Highlights 847 Total Customers +23% YoY Customer Growth Proprietary & Confidential. 3
Slide 4: In the early innings of capturing an enormous $82B SAM
In the early innings of capturing an enormous $82B SAM ~63,000 prospective customers in North America and Europe ~1% penetrated by customer count and revenue Existing Via Whitespace Customers Customers Proprietary & Confidential. 4
Slide 5: Via's Platform: Software + Technology Enabled Services
Via’s Platform: Software + Technology Enabled Services Proprietary & Confidential. 5
Slide 6: Category leading end-to-end platform replaces fragmented legacy systems
Category leading end-to-end platform replaces fragmented legacy systems and consolidates services across silos Fixed-route Paratransit Microtransit Software & Tech-Enabled Operations Platform Planning Scheduling Operational Software Services Analytics Trip Planning Proprietary & Confidential. 6
Slide 7: Significant network momentum
Significant network momentum “Having access to reliable transportation is a big limiting factor for a lot of people. I love transit because it can get people to work, it can get people to the training they need to do to get to work. It can help kids get to school, after school activities. I love goi
Slide 8: Strong growth in schools vertical
Strong growth in schools vertical “The ability to track rides in real-time has been a game changer for our Caregivers and District staff – it gives our parent community a real sense of calm to know where their students are at any given time, meaning fewer phone calls to our office staff.” Transporta
Slide 9: AI Labs: early traction
AI Labs: early traction “I am saving hours of manual work daily. It’s not only saving time on redactions but the automated explanation letter generation. This is incredible!” City Clerk, East Coast City Proprietary & Confidential. 9
Slide 10: Q2 Financial Highlights
Q2 26 Financial Highlights Proprietary & Confidential. 10
Slide 11: Delivering rapid and durable revenue growth
Delivering rapid and durable revenue growth Platform Annual Run-Rate Revenue YoY Growth % +27% +29% +42% +38% +41% +37% +30% +34% +32% +30% +29% +27% $543 $510 $476 $429 $439 $395 $367 $319 $333 $305 $268 $237 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Proprietary & Conf
Slide 12: Consistently landing new customers
Consistently landing new customers Customer Count YoY Growth % +9% +11% +12% +15% +11% +11% +11% +8% +11% +23% +30% +23% +23% 838 847 821 713 682 689 643 665 616 638 578 597 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Proprietary & Confidential. 12
Slide 13: Continued large customer momentum
$1M+ customers YoY +45% +38% +36% Growth % 114 Continued large 84 customer momentum 61 Q2-24 Q2-25 Q2-26 Proprietary & Confidential. 13
Slide 14: We continue to drive operating leverage in the business
We continue to drive operating leverage in the business Non-GAAP Operating Expenses as a % of Revenue Adj S&M expenses Adj G&A expenses Adj R&D expenses 24% 15% 17% 14% 13% 15% 15% 20% 16% Q2-24 Q2-25 Q2-26 Q2-24 Q2-25 Q2-26 Q2-24 Q2-25 Q2-26 These financial Proprietary metrics are calculated on a n
Slide 15: Rapidly expanding operating margin and strong balance sheet
Adj. EBITDA -$3.4 -$9.1 Rapidly expanding operating -$15.3 margin and strong balance sheet Q2-24 Q2-25 Q2-26 Adj. EBITDA -18% -8% -3% Margin % At end of Q2-26: • $336M in cash • No debt Proprietary & Confidential. 15
Slide 16: Adj. Net Income and Adj. EPS on the edge of profitability
Adj. Net Income -$0.8 -$9.2 Adj. Net Income and Adj. EPS on the edge of profitability -$16.1 Q2-24 Q2-25 Q2-26 Adj. EPS -$1.29 -$0.72 -$0.01 GAAP EPS -$1.94 -$1.65 -$0.24 Proprietary & Confidential. 16
Slide 17: Driving significant operating leverage
Driving significant operating leverage Quarterly Platform Revenue and Non-GAAP Operating Expenses Over Time Platform Revenue $136M Non-GAAP Operating Expenses $60M $53M $47M Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Proprietary & Confidential. 17
Slide 18: Q3-26 and FY-26 guidance
Q3-26 and FY-26 guidance Q3 2026 Prior: FY 2026 New: FY 2026 Revenue $137.6 - $138.2M $547.0 - $550.0M $550.0 - $553.0M YoY Growth 25.5% - 26.0% 26.0% - 26.6% 26.6% - 27.3% Adj. EBITDA ($4.5) - ($3.5)M ($12.5)M - ($7.5)M ($12.5)M - ($7.5)M Adj. EBITDA Margin % (3.3) - (2.5)% (2.3) - (1.4)% (2.3) - (
Slide 19: Q&A
Q&A Proprietary & Confidential. 19
Slide 20: Appendix
Appendix Proprietary & Confidential. 20
Slide 21: Definitions
Definitions Platform Revenue: Our Platform Segment excludes revenue from our historical on-demand shared rides marketplace, which was discontinued in 2021, and a legacy operational contract, which terminated in June 2024. Annual Run-Rate Revenue: Annual Run-Rate Revenue as of the last date in any qu
Slide 22: Reconciliation of GAAP Gross Profit to Adjusted Gross Profit and Adjusted Gross Margin
Reconciliation of GAAP Gross Profit to Adjusted Gross Profit and Adjusted Gross Margin 1. Amortization of acquired intangibles includes developed technology resulting from our acquisitions of Remix, Citymapper and Downtowner. Proprietary & Confidential. 22
Slide 23: Reconciliation of GAAP Net Loss to Adjusted EBITDA
Reconciliation of GAAP Net Loss to Adjusted EBITDA 1. Excludes amortization of internal-use software Proprietary & Confidential. 2. Patent litigation costs relate to the RideCo litigation in which Via won a trial in January 2025 and defending the verdict on appeals. 23 3. Transaction costs include n
Slide 24: Reconciliation of GAAP Net Loss to Adjusted Net Loss
Reconciliation of GAAP Net Loss to Adjusted Net Loss 1. Excludes amortization of internal-use software. 2. Patent Litigation costs relate to the RideCo litigation in which Via won a trial in January 2025 and defending the verdict on appeals. Proprietary & Confidential. 3. Transaction costs include n
Slide 25: Reconciliation of GAAP to Adjusted R&D, S&M and G&A
Reconciliation of GAAP to Adjusted R&D, S&M and G&A 1. Transaction costs include nonrecurring costs incurred in relation to our IPO and business combinations. Proprietary & Confidential. 2. Patent Litigation costs relate to the RideCo litigation in which Via won a trial in January 2025 and defending