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Via Transportation Q3 revenue rises 31%, adjusted net loss narrows

By Reuters News


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


Reuters Recommended Reads

  • Nov 6 - Dauch Q3 sales beat expectations on Dowlais acquisition

  • Nov 6 - Marcus & Millichap Q3 revenue rises on higher brokerage sales volume

  • Nov 6 - Brookfield Infrastructure Q3 FFO rises 10% on data growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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