Verra Mobility loses Avis Budget contract; cuts FY 2026 revenue guidance to ~$985M-$995M

VERRA MOBILITY Corp

Termination notice from Avis Budget effective September 2026; customer represented >10% of total revenue.
Revised FY2026 guidance: Revenue $985M-$995M, Adj EBITDA $380M-$385M, Adj EPS $1.19-$1.25.
Expects annualized Commercial Services revenue reduction ~$135M-$145M; segment profit reduction ~$120M-$125M before cost cuts.
Company is reviewing contractual rights, intellectual property, and confidential information.
Taking immediate cost-reduction actions to adapt operations and position for growth.

item 7.01 item 8.01 item 9.01

Featured in Daily 8-K Digest

Selected #10 for 2026-05-26. Read digest

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001193125-26-239351
form_type: 8-K
ticker: VRRM
cik: 0001682745
company_name: VERRA MOBILITY Corp
filed_at: 2026-05-26T20:17:01+00:00
discovered_at: 2026-05-26T20:19:00.435637+00:00
generated_at: 2026-05-26T20:28:42.975189+00:00
sec_items: ["7.01", "8.01", "9.01"]
event_type: other_material
sentiment: negative
materiality_score: 0.85
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001193125-26-239351
json_url: https://secwatch.observer/filing/0001193125-26-239351.json
markdown_url: https://secwatch.observer/filing/0001193125-26-239351.md
text_url: https://secwatch.observer/filing/0001193125-26-239351.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1682745/000119312526239351/0001193125-26-239351-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1682745/000119312526239351/d123116d8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001193125-26-239351

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.