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Via Transportation (VIA) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Via Transportation (VIA) Q2 2026 earnings results →

Q2 2026 Revenue up 27% year over year to $136M · 14¢ of every $1 of revenue lost · operating margin -16.0%

Via Transportation made $136M in Q2 2026 (+27% Y/Y). Operating margin -16.0%, net loss $19.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$136M
Year over year+27%
Operating margin-16.0%
Net earnings−$19.6M
Operating cash flow−$10.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $135.7M in Q2 2026, up 27% year over year and up 6% from the previous quarter.

Gross margin was 41.0%, up 1.8 points from a year earlier. Operating costs exceeded revenue by $21.8M, an operating margin of -16.0%. Operating expenses grew 33% against revenue growth of 27%. The fastest-growing cost line was General & admin (+56%). The quarter ended with a net loss of $19.6M, narrower than the previous quarter's $20.1M loss.

Operating cash flow was −$10.6M. Non-cash charges added back $2.4M of depreciation and amortization and $16.0M of share-based compensation. Working capital and other items used $9.5M. Capital expenditures of $389K exceeded it, leaving free cash flow of −$11.0M.

Quarterly history

Via Transportation revenue by quarterVia Transportation revenue by quarter$110MQ3 2025$119MQ4 2025$127MQ1 2026$136MQ2 2026
Via Transportation net earnings by quarterVia Transportation net earnings by quarter−$36.9MQ3 2025−$21.9MQ4 2025−$20.1MQ1 2026−$19.6MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 6, 2026$136M+27%-16.0%−$19.6M−$10.6M
Q1 202610-QMay 12, 2026$127M+29%-18.5%−$20.1M−$21.2M
Q4 202510-KMar 6, 2026$119M+30%-20.5%−$21.9M−$455K
Q3 202510-QNov 14, 2025$110M+32%-17.2%−$36.9M−$8.5M

Charts

Via Transportation: revenue growth, year over year and quarter over quarterVia Transportation: revenue growth, year over year and quarter over quarterY/YQ/Q+32%Q3 2025+30%+8%Q4 2025+29%+7%Q1 2026+27%+6%Q2 2026
Latest (Q2 2026): Y/Y +27%, Q/Q +6%.
Via Transportation: where the cash came from (+) and went (−), TTM to Q2 2026Via Transportation: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$362MCash drawn (+) / kept (−)−$258MOperating cash flow−$40.8MAcquisitions−$39.6MNet borrowing (+) / repaid (−)−$30.0MShares issued$13.4MOther investing−$6.1MCapital spending−$1.4MExchange rates$68K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Via Transportation: profit against cash, quarter by quarterVia Transportation: profit against cash, quarter by quarterNet incomeOperating cash flow−$21.3MQ3 2024−$18.8M−$17.7MQ4 2024−$16.3M−$5.6MQ1 2025−$21.2M−$16.3MQ2 2025−$36.9M−$8.5MQ3 2025−$21.9M−$455KQ4 2025−$20.1M−$21.2MQ1 2026−$19.6M−$10.6MQ2 2026
Latest (Q2 2026): Net income −$19.6M, Operating cash flow −$10.6M.
Via Transportation: diluted shares by fiscal yearVia Transportation: diluted shares by fiscal year12MFY202313MFY202433MFY2025
+171.1% since FY2023: more shares outstanding (issuance, stock pay).
Via Transportation in its industry: growth against margin (192 companies, SIC 7372)Via Transportation in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYVIA (+27%, -16%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Via Transportation

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and AI-powered efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service. We can track our pizza from the moment it leaves the oven, but parents of more than 25 million children in the United States have no way of knowing when their child’s school bus will arrive.

In its own words, from its 10-K, filed Mar 6, 2026.

Via Transportation against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +27% against the peers' median +19%. Operating margin: -16.0% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
VIA Via TransportationQ2 2026$136M+27%-16.0%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Via Transportation 10-Q on SEC EDGAR · CIK 1603015 · Services-Prepackaged Software

13F: who owns VIA and who is buying

Largest holders of VIA (13F)Largest holders of VIA (13F)Exor N.V.$256MBlackRock$57.0MION Crossover Partners$51.6MGilder Gagnon Howe & Co LLC$46.7MWellington Management Group LLP$45.1MFMR LLC$36.2MCapital World Investors$33.1MVanguard Portfolio Management LLC$32.7MKoch$30.8MVanguard Group$30.0M
Funds' net buying of VIA by quarter (13F)Funds' net buying of VIA by quarter (13F)$1.4B2025-09$168M2025-12−$63.9M2026-03−$44.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VIA

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results

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