VERRA MOBILITY Corp

For the period ended Mar 31, 2025. Filed May 7, 2025.

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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.

Mar 31, 2025 · Filed May 7, 2025

VRRM$2.06-3.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income

AND COMPREHENSIVE INCOME

	Three Months Ended March 31,
(In thousands, except per share data)	2025	2024
Service revenue	$211,902	$202,721
Product sales	11,352	7,009
Total revenue	223,254	209,730
Cost of service revenue, excluding depreciation and amortization	4,783	4,305
Cost of product sales	8,032	5,286
Operating expenses	73,739	70,640
Selling, general and administrative expenses	51,501	48,171
Depreciation, amortization and (gain) loss on disposal of assets, net	27,814	26,975
Total costs and expenses	165,869	155,377
Income from operations	57,385	54,353
Interest expense, net	16,636	19,635
Gain on interest rate swap	—	(396)
Loss on extinguishment of debt	25	595
Other income, net	(4,109)	(4,453)
Total other expenses	12,552	15,381
Income before income taxes	44,833	38,972
Income tax provision	12,494	9,823
Net income	$32,339	$29,149
Other comprehensive income (loss):
Change in foreign currency translation adjustment	2,127	(3,260)
Total comprehensive income	$34,466	$25,889
Net income per share:
Basic	$0.20	$0.18
Diluted	$0.20	$0.17
Weighted average shares outstanding:
Basic	159,544	166,241
Diluted	162,066	168,726

ContentsView on SEC.gov

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