Via Announces Third Quarter 2026 Results

Via reported Q3 2026 revenue of $143,528 thousand, up 31% from $109,653 thousand in Q3 2025, with Platform Annual Run-Rate Revenue of $574,112 thousand and Customer Count of 868, up 22% from 713. The headline describes revenue growth as accelerating to 31%. The filing ties part of the customer base to the Downtowner acquisition, which contributed 94 customers, and reports 42% year-over-year revenue growth in the United States without printing a dollar figure for that region. Demand indicators are therefore growing on both revenue and customer count, though the filing does not provide a prior-quarter comparison to show the trajectory from Q2 2026.

Gross profit rose to $57,411 thousand from $43,086 thousand, and GAAP gross profit margin was 40% against 39%. Adjusted Gross Margin was 41% against 40%, which the filing prints as a 1 pt change. Operating expenses rose more quickly than revenue in the printed lines: total operating expenses were $78,643 thousand against $61,977 thousand, with General and administrative expense increasing to $32,088 thousand from $21,189 thousand. Operating loss was $(21,232) thousand against $(18,891) thousand. On a non-GAAP basis, Adjusted General and Administrative expense was $21,807 thousand against $15,821 thousand, and Adjusted Research and Development expense was $21,645 thousand against $20,900 thousand.

Profitability measures on the company's non-GAAP basis improved sharply. Adjusted EBITDA was $(3,230) thousand against $(8,692) thousand, an Adjusted EBITDA Margin of (2)% against (8)%. Adjusted Net Loss was $(350) thousand against $(9,260) thousand, and Adjusted Net Loss per share was $(0.00) against $(0.37). GAAP net loss narrowed to $(18,759) thousand from $(36,887) thousand, and GAAP net loss per share was $(0.23) against $(1.49). The prior-year GAAP quarter included a loss on extinguishment of convertible notes of $(10,949) thousand and interest expense of $(2,147) thousand, which were absent in Q3 2026. Stock-based compensation and related employer payroll taxes rose to $15,363 thousand from $7,503 thousand, and the filing's Adjusted measures exclude this item, so the gap between GAAP and non-GAAP results widened.

Cash generation remains negative. Net cash used in operating activities was $(14,533) thousand in Q3 2026 and $(46,375) thousand for nine months 2026. Cash and cash equivalents declined to $322,803 thousand from $370,914 thousand at December 31, 2025. Accounts receivable increased to $123,338 thousand from $81,572 thousand, and the filing records an $(18,728) thousand change in accounts receivable within operating cash flow for Q3 2026. The filing reports no share repurchases or dividends. Total stockholders' equity was $619,089 thousand at September 30, 2026. No free cash flow figure is printed.

The Q4 2026 outlook projects Platform Revenue of $150.0 - $151.7 million, which the company gives as 26.1% - 27.6% year-over-year growth, and FY 2026 Platform Revenue of $556.7 - $558.4 million, or 28.2% - 28.6% growth. Adjusted EBITDA is guided to $0.0 - $1.5 million for Q4 2026 and ($12.5) - ($11.0) million for FY 2026. The company states it cannot currently provide a GAAP net loss outlook because stock-based compensation and related employer payroll tax expense cannot be reasonably predicted. No prior outlook was provided for comparison, so the filing cannot be assessed against earlier guidance in this read.