Filing Flows › Via Transportation (VIA) › Q3 2025
Via Transportation (VIA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Via Transportation (VIA) reported revenue of $110M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +2% from the quarter before. Operating margin was -17.2%, net loss $36.9M (33.6% of revenue).
Via Transportation, Q3 2025: revenue $110M (+32% year over year), operating margin -17.2%, net loss $36.9M, operating cash flow −$8.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | +2% | +32% |
| Operating profit | −$18.9M | — | — |
| Net earnings | −$36.9M | — | — |
| Operating cash flow | −$8.5M | — | — |
What changed
Revenue was $109.7M in Q3 2025, up 32% year over year and up 2% from the previous quarter.
Gross margin was 39.3%, up 0.8 points from a year earlier. Operating costs exceeded revenue by $18.9M, an operating margin of -17.2%. Operating expenses grew 18% against revenue growth of 32%. The fastest-growing cost line was Sales & marketing (+31%). The quarter ended with a net loss of $36.9M, wider than the previous quarter's $21.2M loss.
Operating cash flow was −$8.5M. Non-cash charges added back $2.1M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $19.6M. Capital expenditures of $354K exceeded it, leaving free cash flow of −$8.9M.
Questions
What was Via Transportation's revenue in the third quarter 2025?
Via Transportation (VIA) reported revenue of $110M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +2% from the quarter before.
Was Via Transportation profitable in the third quarter 2025?
Operating loss was $18.9M (-17.2% of revenue) and net loss $36.9M.
Source: Via Transportation 10-Q on SEC EDGAR.