Filing Flows › Verra Mobility (VRRM) › Q1 2025
Verra Mobility (VRRM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Verra Mobility (VRRM) reported revenue of $223M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.8% from the quarter before. Operating margin was 25.7%, net earnings $32.3M (14.5% of revenue).
Verra Mobility, Q1 2025: revenue $223M (+6% year over year), operating margin 25.7%, net earnings $32.3M, operating cash flow $63.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $223M | +0.8% | +6% |
| Operating profit | $57.4M | — | +6% |
| Net earnings | $32.3M | — | +11% |
| Operating cash flow | $63.0M | +56% | +83% |
| Free cash flow | $41.7M | — | +108% |
What changed
Revenue was $223.3M in Q1 2025, up 6% year over year and up 1% from the previous quarter. Service was the largest line at 95% of revenue. Service added $9.2M year over year (up 5%), 68% of the total change.
Operating profit was $57.4M, a 25.7% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, below the 26% margin then. Total costs grew 7% against revenue growth of 6%. Net earnings were $32.3M, up 11% year over year. The effective tax rate was 27.9%.
Operating cash flow was $63.0M (up 83% year over year), 195% of net earnings. Non-cash charges added back $27.5M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $3.3M. After purchases of installation and service parts and property and equipment ($21.2M), free cash flow as the company reports it was $41.7M.
Questions
What was Verra Mobility's revenue in the first quarter 2025?
Verra Mobility (VRRM) reported revenue of $223M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.8% from the quarter before.
Was Verra Mobility profitable in the first quarter 2025?
Operating profit was $57.4M (25.7% of revenue) and net earnings $32.3M.
Source: Verra Mobility 10-Q on SEC EDGAR.