Via Transportation Q3 revenue rises 31%, adjusted net loss narrows
Overview
Public transit software provider's fiscal Q3 revenue rose 31% yr/yr to $144 mln
Adjusted net loss per share rounded to breakeven as company moved toward profitability
US revenue grew 42% yr/yr; customer count increased 22%
Outlook
Via expects Q4 platform revenue of $150 mln to $151.7 mln
Company sees FY 2026 platform revenue of $556.7 mln to $558.4 mln
Via expects Q4 adjusted EBITDA between $0 mln and $1.5 mln
Result Drivers
U.S. REVENUE GROWTH - Co said continued strength in the United States drove 42% yr/yr revenue growth in the region
CUSTOMER COUNT - Customer count rose 22% yr/yr, supported by organic growth and the Downtowner acquisition
PRODUCT EXPANSION - Co highlighted ongoing expansion of its product offering through Via AI Labs
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted Net Loss | $350,000 | ||
Q3 Net Loss | $18.76 mln | ||
Q3 Adjusted EBITDA | -$3.23 mln | ||
Q3 Adjusted Gross Margin | 41.00% | ||
Q3 Adjusted Gross Profit | $58.15 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)