Filing Flows › Via Transportation (VIA) › Q1 2026
Via Transportation (VIA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Via Transportation (VIA) reported revenue of $127M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +7% from the quarter before. Operating margin was -18.5%, net loss $20.1M (15.8% of revenue).
Via Transportation, Q1 2026: revenue $127M (+29% year over year), operating margin -18.5%, net loss $20.1M, operating cash flow −$21.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +7% | +29% |
| Operating profit | −$23.6M | — | — |
| Net earnings | −$20.1M | — | — |
| Operating cash flow | −$21.2M | — | — |
What changed
Revenue was $127.4M in Q1 2026, up 29% year over year and up 7% from the previous quarter.
Gross margin was 39.3%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $23.6M, an operating margin of -18.5%. Operating expenses grew 29% against revenue growth of 29%. The fastest-growing cost line was General & admin (+40%). The quarter ended with a net loss of $20.1M, narrower than the previous quarter's $21.9M loss. Non-operating items added $4.0M, -20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$21.2M. Non-cash charges added back $2.4M of depreciation and amortization and $15.6M of share-based compensation. Working capital and other items used $19.0M. Capital expenditures of $289K exceeded it, leaving free cash flow of −$21.5M.
Questions
What was Via Transportation's revenue in the first quarter 2026?
Via Transportation (VIA) reported revenue of $127M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +7% from the quarter before.
Was Via Transportation profitable in the first quarter 2026?
Operating loss was $23.6M (-18.5% of revenue) and net loss $20.1M.
Source: Via Transportation 10-Q on SEC EDGAR.