VERRA MOBILITY Corp
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
VRRM$2.06-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
| For the Three and Nine Months Ended September 30, 2024 | ||||||
|---|---|---|---|---|---|---|
| CommonStock · AdditionalPaid-in · Accumulated · AccumulatedOtherComprehensive · TotalStockholders' | ||||||
| (In thousands) | Shares | Amount | Capital | Deficit | Loss | Equity |
| Balance as of December 31, 2023 | 166,555 | $17 | $557,513 | $(125,887) | $(10,176) | $421,467 |
| Net income | — | — | — | 29,149 | — | 29,149 |
| Share repurchases and retirement | (534) | — | (1,789) | 1,789 | — | — |
| Vesting of restricted stock units ("RSUs") and performance share units ("PSUs") | 445 | — | — | — | — | — |
| Exercise of stock options | 50 | — | 689 | — | — | 689 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | (4,608) | — | — | (4,608) |
| Stock-based compensation | — | — | 5,558 | — | — | 5,558 |
| Other comprehensive loss, net of tax | — | — | — | — | (3,260) | (3,260) |
| Balance as of March 31, 2024 | 166,516 | 17 | 557,363 | (94,949) | (13,436) | 448,995 |
| Net income | — | — | — | 34,223 | — | 34,223 |
| Share repurchases and retirement | (2,000) | (1) | (6,694) | (45,155) | — | (51,850) |
| Vesting of RSUs and PSUs | 120 | — | — | — | — | — |
| Exercise of stock options | 22 | — | 285 | — | — | 285 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | (1,050) | — | — | (1,050) |
| Stock-based compensation | — | — | 6,590 | — | — | 6,590 |
| Other comprehensive income, net of tax | — | — | — | — | 1,434 | 1,434 |
| Balance as of June 30, 2024 | 164,658 | 16 | 556,494 | (105,881) | (12,002) | 438,627 |
| Net income | — | — | — | 34,732 | — | 34,732 |
| Vesting of RSUs and PSUs | 16 | — | — | — | — | — |
| Exercise of stock options | 130 | — | 1,727 | — | — | 1,727 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | (168) | — | — | (168) |
| Stock-based compensation | — | — | 6,438 | — | — | 6,438 |
| Other comprehensive income, net of tax | — | — | — | — | 5,190 | 5,190 |
| Balance as of September 30, 2024 | 164,804 | $16 | $564,491 | $(71,149) | $(6,812) | $486,546 |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Continued)
| For the Three and Nine Months Ended September 30, 2023 | |||||||
|---|---|---|---|---|---|---|---|
| CommonStock · CommonStockContingent · AdditionalPaid-in · Accumulated · AccumulatedOtherComprehensive · TotalStockholders' | |||||||
| (In thousands) | Shares | Amount | Consideration | Capital | Deficit | Loss | Equity |
| Balance as of December 31, 2022 | 148,962 | $15 | $36,575 | $305,423 | $(98,078) | $(12,865) | $231,070 |
| Net income | — | — | — | — | 4,577 | — | 4,577 |
| Vesting of RSUs and PSUs | 313 | — | — | — | — | — | — |
| Exercise of stock options | 53 | — | — | 699 | — | — | 699 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | — | (2,526) | — | — | (2,526) |
| Exercise of warrants | 633 | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | 3,378 | — | — | 3,378 |
| Other comprehensive loss, net of tax | — | — | — | — | — | (90) | (90) |
| Balance as of March 31, 2023 | 149,961 | 15 | 36,575 | 306,974 | (93,501) | (12,955) | 237,108 |
| Net income | — | — | — | — | 19,108 | — | 19,108 |
| Earn-out shares issued to PE Greenlight Holdings, LLC | 2,500 | — | (18,288) | 18,288 | — | — | — |
| Vesting of RSUs and PSUs | 121 | — | — | — | — | — | — |
| Exercise of stock options | 127 | — | — | 1,689 | — | — | 1,689 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | — | (502) | — | — | (502) |
| Exercise of warrants | 14,208 | 2 | — | 202,652 | — | — | 202,654 |
| Stock-based compensation | — | — | — | 4,525 | — | — | 4,525 |
| Other comprehensive income, net of tax | — | — | — | — | — | 718 | 718 |
| Balance as of June 30, 2023 | 166,917 | 17 | 18,287 | 533,626 | (74,393) | (12,237) | 465,300 |
| Net income | — | — | — | — | 30,308 | — | 30,308 |
| Earn-out shares issued to PE Greenlight Holdings, LLC | 2,500 | — | (18,287) | 18,287 | — | — | — |
| Share repurchases and retirement | (4,581) | — | — | (15,176) | (84,824) | — | (100,000) |
| Vesting of RSUs and PSUs | 7 | — | — | — | — | — | — |
| Exercise of stock options | 34 | — | — | 457 | — | — | 457 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | — | (49) | — | — | (49) |
| Exercise of warrants | 1,433 | — | — | 7,786 | — | — | 7,786 |
| Stock-based compensation | — | — | — | 4,443 | — | — | 4,443 |
| Other comprehensive loss, net of tax | — | — | — | — | — | (4,189) | (4,189) |
| Balance as of September 30, 2023 | 166,310 | $17 | $— | $549,374 | $(128,909) | $(16,426) | $404,056 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.