How Long Can Via Keep Burning Cash?
Via Transportation (VIA) reported a cash burn of $17.3 million in Q3 2026, marking four consecutive quarters of negative cash flow. The burn rate increased to 12.0% of sales from 9.1% year-over-year. Despite a reduced operating loss, the company's cash reserves fell 15% over the past year. VIA held $323 million in cash and equivalents, which could last 19-23 quarters at current burn rates. Management expects improved cash flow and positive adjusted EBITDA in Q4 2026.



