Verra Mobility’s (VRRM) Revenue Grew, But Its Profits Vanished
Verra Mobility (VRRM) reported Q2 revenue of $263.6M, up 12% YoY, but a net loss of $48.2M due to impairments and leadership changes. Government contracts and rental car deals drove growth, while the Parking Solutions segment struggled. Adjusted EBITDA and EPS rose, and the company secured long-term contracts with Avis and Hertz. Net debt increased to $993.2M, and free cash flow declined.







