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Verra Mobility CEO David Roberts steps down amid cost realignment; interim CEO Keyser appointed
David Roberts resigned as CEO and director effective May 31/June 1, 2026; Board cites need for cost structure realignment.
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Verra Mobility loses Avis Budget contract; cuts FY 2026 revenue guidance to ~$985M-$995M
Termination notice from Avis Budget effective September 2026; customer represented >10% of total revenue.
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Verra Mobility stockholders approve all four proposals at 2026 annual meeting
Elected Class II directors Byrne (125.2M for), Roberts (136.0M for), and Rexford (93.7M for).
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Verra Mobility Q1 2026 revenue flat at $223.6M; net income $26.7M ($0.17 EPS)
Total revenue $223.6M, up 0.1% YoY; net income $26.7M ($0.17 diluted EPS) vs $32.3M ($0.20) in Q1 2025.
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Verra Mobility Q4 revenue up 16% to $257.9M; FY25 net income $136.6M; provides FY2026 guidance
FY 2025 revenue $979.1M, net income $136.6M, operating cash flow $255.8M.
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Verra Mobility Q3 revenue $261.9M (+16% YoY), net income $46.8M, raises FY guidance
Q3 revenue $261.9M (+16% YoY); net income $46.8M ($0.29 EPS); Adjusted EPS $0.37.
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Verra Mobility upsizes ABL facility to $150M and refinances $688.8M term loan at lower rate
New $150M ABL revolving credit facility, maturing Oct 2030, upsized from $125M and extended from Dec 2026.
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Verra Mobility awards EVP/CLO $300K RSU; salary raised to $450K, bonus target 75%
One-time RSU award of $300,000 to EVP/CLO Jonathan Keyser; vests in three equal annual installments starting Sept. 2026.
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Verra Mobility Q2 2025: revenue $236M (+6% YoY), EPS $0.24, adj EPS $0.34, reaffirms FY guidance
Total revenue $236.0M, up 6% YoY from $222.4M; service revenue growth 5%.
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Verra Mobility appoints Stacey Moser as EVP/General Manager of Commercial Services; EVP Steven Lalla departs
Steven Lalla, EVP Commercial Services, will depart July 30, 2025; remains non-executive employee until then.
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Verra Mobility publishes 2024 Corporate Responsibility Report highlighting four pillars
Report is built on four pillars: community, planet, people, and governance.
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Verra Mobility shareholders elect directors, approve say-on-pay, ratify auditor
Douglas Davis elected as Class I director with 102.5M for, 42.8M withheld (significant opposition).
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Verra Mobility authorizes $100M share buyback program through Nov 2026
Board authorized up to $100M in repurchases of Class A common stock.
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Verra Mobility ups ABL credit facility from $75M to $125M
Fourth ABL Amendment increases revolving commitments by $50M to $125M; maturity remains Dec 20, 2026.
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Verra Mobility increases revolving credit facility from $75M to $125M
Fourth ABL Amendment dated May 15, 2025, among Verra Mobility subsidiaries and Bank of America.
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Verra Mobility Q1 revenue $223.3M (+6% YoY); adj EPS $0.30 beats $0.27; guidance reaffirmed with lower-end risk
Revenue $223.3M (+6% YoY); net income $32.3M ($0.20 EPS) vs $29.1M ($0.17 EPS) in Q1 2024.
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Verra Mobility adopts new Annual Incentive Plan for 2025, replacing prior short-term plan
New AIP effective Jan 1, 2025; supersedes Second Amended and Restated Short-Term Incentive Plan.
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Verra Mobility identified as vendor for NYC's automated enforcement camera programs for 5 years
NYC DOT identified Verra Mobility to manage red-light, speed, bus lane, and BQE weight-limit cameras citywide.
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Verra Mobility Q4 2024 revenue $221.5M (+5% YoY); net loss $66.7M on goodwill impairment; FY2025 guidance issued
Full year 2024 revenue $879.2M; net income $31.4M; operating cash flow $223.6M.
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Verra Mobility board authorizes additional $100M share repurchase; total $112.7M available
Board authorized additional $100M buyback on Dec 4, 2024; together with $12.7M remaining gives $112.7M total.
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Verra Mobility Q3 revenue $225.6M (+7% YoY), raises FY 2024 adjusted free cash flow guidance
Revenue $225.6M (+7% YoY); service revenue grew 8% driven by Commercial Services +11% and Government Solutions +7%.
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Verra Mobility refinances $700.1M term loan, reduces interest rate by 50 bps to SOFR+2.25%
Refinanced entire $700.1M outstanding term loan via New Term B-3 Loans.
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Verra Mobility Q2 2024 revenue up 9% to $222.4M, net income $34.2M, reaffirms FY guidance
Revenue $222.4M (+9% YoY), net income $34.2M ($0.20 EPS) vs $19.1M ($0.13) last year.
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Verra Mobility repurchases 2M shares for $51.5M directly from stockholder
Repurchased 2.0M shares of Class A common stock at $25.75 per share directly from a stockholder.
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Verra Mobility appoints Hiten Patel as Chief Accounting Officer effective June 12, 2024
Patel will serve as principal accounting officer; Craig Conti remains CFO.
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Verra Mobility annual meeting results: directors elected, say-on-pay approved
Michael Huerta and Raj Ratnakar elected as Class III directors; Huerta had 48.3M withheld (31% of votes cast).