Filing Flows › Verra Mobility (VRRM) › Q1 2026
Verra Mobility (VRRM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Verra Mobility (VRRM) reported revenue of $224M for the first quarter 2026 (Q1 2026), +0.1% from a year earlier and -13% from the quarter before. Operating margin was 23.2%, net earnings $26.7M (12.0% of revenue).
Verra Mobility, Q1 2026: revenue $224M (+0.1% year over year), operating margin 23.2%, net earnings $26.7M, operating cash flow $40.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $224M | -13% | +0.1% |
| Operating profit | $51.8M | +20% | -10% |
| Net earnings | $26.7M | +42% | -17% |
| Operating cash flow | $40.8M | +2% | -35% |
| Free cash flow | $9.6M | — | -77% |
What changed
Revenue was $223.6M in Q1 2026, roughly flat year over year and down 13% from the previous quarter. Service was the largest line at 95% of revenue. Service added $1.5M year over year (up 1%), 475% of the total change. Product declined 10%.
Operating profit was $51.8M, a 23.2% margin (down 2.5 points year over year). Operating profit fell $5.6M even though revenue rose $314K versus Q1 2025, so costs grew faster than sales. Total costs grew 4% against flat revenue. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $26.7M, down 17% year over year. The effective tax rate was 33.9%.
Operating cash flow was $40.8M (down 35% year over year), 153% of net earnings. Non-cash charges added back $29.2M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $22.1M. After purchases of installation and service parts and property and equipment ($31.2M), free cash flow as the company reports it was $9.6M.
Questions
What was Verra Mobility's revenue in the first quarter 2026?
Verra Mobility (VRRM) reported revenue of $224M for the first quarter 2026 (Q1 2026), +0.1% from a year earlier and -13% from the quarter before.
Was Verra Mobility profitable in the first quarter 2026?
Operating profit was $51.8M (23.2% of revenue) and net earnings $26.7M.
Source: Verra Mobility 10-Q on SEC EDGAR.