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Verra Mobility Corporation appointed Matthew Kvarda as interim CFO and principal financial officer effective November 5, 2026, succeeding Craig Conti, who resigns November 4, 2026. The Board is conducting a search for a permanent CFO with Spencer Stuart.
VERRA MOBILITY Corp increased nine-month revenue by $24.8 million, or 3.4%, to $746.0 million, but recorded $64.0 million of goodwill and $40.4 million of intangible impairments; third-quarter revenue fell 1.2% and net income fell 13.8%.
Verra Mobility reported third-quarter revenue of $258.9 million and net income of $40.4 million, reaffirmed 2026 guidance, terminated its Avis Budget Group contract effective January 30, 2027, and appointed Jon Newhard CEO and Matthew Kvarda interim CFO.
Verra Mobility said Craig Conti will resign as Executive Vice President and Chief Financial Officer effective November 4, 2026; it will report third quarter 2026 results on October 30, 2026 and reaffirmed its 2026 full-year outlook.
Verra Mobility Corporation appointed Jon Newhard President and CEO effective November 1, 2026; Jon Keyser’s separation provides $650,000 salary through December 31, 2026, $650,000 severance, vesting of a $2,250,000 RSU award, and payment of $2,200,110.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Verra Mobility renewed its two largest Commercial Services customer contracts (Avis Budget Group for seven years and Hertz for five years) but on materially less favorable terms, prompting a reduction of full-year 2026 guidance. Q2 results were above internal expectations, with Government Solutions service revenue up 17% on NYC camera installs and adjusted EBITDA of $110.7M, while the company recorded a $104M non-cash impairment in Parking Solutions and announced ~$20M in annualized cost cuts.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 300.62M | Nine Months Ended September 30, 2026 | — |
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| Adjusted EBITDA Margin non-GAAP | 40% | Nine Months Ended September 30, 2026 | — |
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| Adjusted EPS non-GAAP | $0.99 | Nine Months Ended September 30, 2026 | — |
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| Free Cash Flow non-GAAP | 131.61M | Nine Months Ended September 30, 2026 | — |
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| Net cash provided from operating activities | $114.5M | three months ended September 30, 2026 | — |
| segment profit margin | 61% | third quarter of 2026 | — |
| Trailing twelve months adjusted EBITDA non-GAAP | 402.42M | September 30, 2026 | — |
| U.S Transportation and Security Administration passenger volume | 3% | third quarter of 2026 | — |
| Net Debt non-GAAP | 993.2M | As of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total debt, net 1.03B
+2.03M Original issue discounts
+6.07M Unamortized deferred financing costs
-49.56M Cash and cash equivalents
= Net Debt 993.2M
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VRRM
this stock
VERRA MOBILITY Corp
|
$279.70M | -91.8% | +14.6% | 7.7 | 5.0% |
|
IBM
International Business Machines Corp
|
$233.57B | -16.6% | +7.6% | 21.0 | 1.9% |
|
ACN
Accenture plc
|
$167.58B | -6.6% | +6.5% | 18.5 | 3.2% |
|
INFY
Infosys Ltd
|
$49.78B | -31.0% | — | — | 2.1% |
|
CTSH
Cognizant Technology Solutions Corp
|
$28.17B | -24.1% | +7.0% | 11.5 | 5.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Verra Mobility reported third-quarter revenue of $258.9 million and net income of $40.4 million, reaffirmed 2026 guidance, terminated its Avis Budget Group contract effective January 30, 2027, and appointed Jon Newhard CEO and Matthew Kvarda interim CFO.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VRRM | -16.0% | -35.7% | -85.9% | -34.3% | -91.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -18.6% | -34.5% | -86.4% | -34.1% | -102.4% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
