VERRA MOBILITY Corp
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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, 2026 · Filed May 6, 2026
VRRM$2.06-3.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| ($ in thousands) | 2026 | 2025 |
| Cash Flows from Operating Activities: | ||
| Net income | $26,744 | $32,339 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 29,225 | 27,490 |
| Amortization of deferred financing costs and discounts | 563 | 932 |
| Loss on extinguishment of debt | — | 25 |
| Share-based proceeds from legal settlement | (7,865) | — |
| Unrealized loss on remeasurement of share-based proceeds | 1,508 | — |
| Credit loss expense | 2,635 | 8,115 |
| Deferred income taxes | 2,016 | (1,480) |
| Stock-based compensation | 6,952 | 6,456 |
| Other | 152 | 1,227 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 9,877 | (13,541) |
| Unbilled receivables | (26,221) | 1,508 |
| Inventory | (8,197) | 237 |
| Prepaid expenses and other assets | 11,255 | 4,777 |
| Deferred revenue | (2,314) | (3,161) |
| Accounts payable and other current liabilities | (5,543) | (2,085) |
| Other liabilities | 54 | 126 |
| Net cash provided by operating activities | 40,841 | 62,965 |
| Cash Flows from Investing Activities: | ||
| Purchases of installation and service parts and property and equipment | (31,199) | (21,243) |
| Cash proceeds from the sale of assets | 112 | 24 |
| Net cash used in investing activities | (31,087) | (21,219) |
| Cash Flows from Financing Activities: | ||
| Borrowings on Amended Revolver | 48,500 | — |
| Repayment on Amended Revolver | (22,500) | — |
| Repayment of term loan debt | (1,722) | (2,255) |
| Equipment financing arrangements | 2,869 | — |
| Payment of debt issuance costs | (579) | (43) |
| Share repurchases and retirement | (50,237) | — |
| Proceeds from the exercise of stock options | 336 | 170 |
| Payment of employee tax withholding related to RSUs and PSUs vesting | (5,248) | (6,606) |
| Net cash used in financing activities | (28,581) | (8,734) |
| Effect of exchange rate changes on cash and cash equivalents | 615 | 365 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (18,212) | 33,377 |
| Cash, cash equivalents and restricted cash - beginning of period | 68,318 | 81,154 |
| Cash, cash equivalents and restricted cash - end of period | $50,106 | $114,531 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Three Months Ended March 31, | ||
|---|---|---|
| Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | 2026 | 2025 |
| Cash and cash equivalents | $46,894 | $108,453 |
| Restricted cash | 3,212 | 6,078 |
| Total cash, cash equivalents and restricted cash | $50,106 | $114,531 |
| Supplemental cash flow information: | ||
|---|---|---|
| Interest paid | $13,877 | $11,522 |
| Income taxes paid, net of refunds | 3,118 | 3,779 |
| Supplemental non-cash information: | ||
| Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end | 10,555 | 7,844 |
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