Restructuring and cost reductionsnegative · 5 filings
“The decrease in effective tax rate was primarily driven by the goodwill impairment recorded for the six months ended June 30, 2026, which is not deductible for tax purposes.”10-Q · Aug 5, 2026 ↗
Verra Mobility Corporation
VRRM
Market read
Verra Mobility Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
What changed
- Revenue increased 11.7% versus the comparable filing period.
- Operating income moved from a profit to a loss in the comparable period.
Company-3.3% todayVolume comparison unavailable
Market group0 of 26 activeHigh-Beta Risk-On · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- VRRM's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if VRRM's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
- Revenue increased 11.7% versus the comparable filing period.
Evidence that challenges
- Operating income moved from a profit to a loss in the comparable period.
- Cash declined 98.1M versus the comparable period.
- Net margin fell 34.6 percentage points.
What would clarify the read
- VRRM's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods8
Price observations328
Usable filing statements117
Verified relationships1
Evidence supporting the case
- Latest annual revenue changed +11.4% year over year.
- Operating margin changed +8.9 percentage points in the latest annual period.
- Net margin changed +10.4 percentage points in the latest annual period.
Evidence challenging the case
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
3.536m-76.7%12m-85.4%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$550.6M+39.9%$0.25+1.3%
2022-12-31$741.6M+34.7%$0.50-2.9%
2023-12-31$817.3M+10.2%$0.36+0.6%
2024-12-31$879.2M+7.6%$0.19+4.8%
2025-12-31$979.1M+11.4%$0.85-3.8%
What management says matters
Persistent and emerging business drivers
Credit and interest ratespositive · 1 filings
“The increased use in cash from financing activities was mainly due to $50.2 million of share repurchases in the first quarter of fiscal year 2026 and no comparable repurchases in the prior year period, partially offset by net borrowings of $26.0 million on ou…”10-Q · May 6, 2026 ↗
Demand and volumenegative · 1 filings
“Any actual or perceived failure to comply, or to satisfy other actual or asserted AI-specific or related obligations, could result in audits, investigations, enforcement actions, and significant fines or penalties, as well as claims or litigation, reputationa…”10-K · Feb 24, 2026 ↗
Legal and regulatory exposurenegative · 1 filings
“Any actual or perceived failure to comply, or to satisfy other actual or asserted AI-specific or related obligations, could result in audits, investigations, enforcement actions, and significant fines or penalties, as well as claims or litigation, reputationa…”10-K · Feb 24, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
3.53-3.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for VRRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
The latest filing shows material pressure
10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.
OperationscautiousEvidence score -1
liquiditycautiousEvidence score -1
valuationmixed
Capital and cash conversion
Inventory built faster than revenue
Inventory growth exceeded revenue growth and inventory intensity increased.
- Capital spending YoY
- -1.9%
- Capital spending / revenue
- +11.3%
- Free-cash-flow margin
- +8.7%
- FCF margin change
- -9.2 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 11.7% versus the comparable filing period.
What weakened
- Operating income moved from a profit to a loss in the comparable period.
- Cash declined 98.1M versus the comparable period.
- Net margin fell 34.6 percentage points.
Filing receipts
“The $86.8 million decrease was primarily due to impairment on goodwill and intangible assets recorded for the three months ended June 30, 2026 and an increase in operating expenses, partially offset by increased gross margin on product sales and installation services and a decrease in selling, general and administrative expenses and the other statement of operations activity discussed above.”
“This was primarily due to a $9.2 million decrease related to a legal settlement finalized in February 2026, a $7.1 million decrease in share-based compensation and a $6.6 million decrease in credit loss expense partially offset by an $8.3 million increase in expenses related to organization restructuring and executive transition costs compared to the same period in the prior year.”
“This was primarily due to a $7.2 million decrease in stock-based compensation and a $1.2 million decrease in credit loss expense partially offset by a $4.1 million increase in expenses related to organization restructuring and executive transition costs compared to the same period in the prior year.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind VRRM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
IIIVi3 Verticals, Inc.competitorNov 21, 2025 ▾
“Our competitors in the enterprise software industry include, among others, Tyler Technologies, Inc., Constellation Software, Inc., Verra Mobility Corp, EverCommerce Inc., Roper Technologies, Inc., Axon Enterprise, Inc., Paymentus Holdings, Inc., Flywire Corpo…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
VRRM is currently a Follower in the organic co-movement group High-Beta Risk-On. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.