VERRA MOBILITY Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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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Consolidated Statements of Operations and Comprehensive Income
CONSOLIDATED STATEM ENTS OF OPERATIONS
AND COMPREHENSIVE INCOME
| For the Year Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per share data) | 2024 | 2023 | 2022 |
| Service revenue | $841,676 | $783,595 | $695,218 |
| Product sales | 37,531 | 33,715 | 46,380 |
| Total revenue | 879,207 | 817,310 | 741,598 |
| Cost of service revenue, excluding depreciation and amortization | 18,988 | 18,232 | 16,330 |
| Cost of product sales | 27,058 | 25,231 | 30,932 |
| Operating expenses | 295,937 | 273,288 | 226,324 |
| Selling, general and administrative expenses | 195,054 | 198,550 | 163,133 |
| Depreciation, amortization and (gain) loss on disposal of assets, net | 109,072 | 113,195 | 140,174 |
| Goodwill impairment | 97,076 | — | — |
| Total costs and expenses | 743,185 | 628,496 | 576,893 |
| Income from operations | 136,022 | 188,814 | 164,705 |
| Interest expense, net | 73,902 | 86,701 | 69,372 |
| Change in fair value of private placement warrants | — | 24,966 | (14,400) |
| Tax receivable agreement liability adjustment | (257) | (3,077) | (720) |
| Loss (gain) on interest rate swap | 494 | 817 | (996) |
| Loss (gain) on extinguishment of debt | 1,745 | 3,533 | (3,005) |
| Other income, net | (18,970) | (11,123) | (12,654) |
| Total other expenses | 56,914 | 101,817 | 37,597 |
| Income before income taxes | 79,108 | 86,997 | 127,108 |
| Income tax provision | 47,660 | 29,982 | 34,633 |
| Net income | $31,448 | $57,015 | $92,475 |
| Other comprehensive (loss) income: | |||
| Change in foreign currency translation adjustment | (7,383) | 2,689 | (7,771) |
| Total comprehensive income | $24,065 | $59,704 | $84,704 |
| Net income per share: | |||
| Basic | $0.19 | $0.36 | $0.61 |
| Diluted | $0.19 | $0.36 | $0.50 |
| Weighted average shares outstanding: | |||
| Basic | 165,090 | 158,777 | 152,848 |
| Diluted | 167,717 | 160,017 | 159,026 |
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