Below are the financial statements of Verra Mobility, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Service revenue | 841.68a | 783.6a | 695.22a |
| Product sales | 37.53a | 33.72a | 46.38a |
| Total revenue | 879.21a | 817.31a | 741.6a |
| Cost of service revenue, excluding depreciation and amortization | -18.99a | -18.23a | -16.33a |
| Cost of product sales | -27.06a | -25.23a | -30.93a |
| Operating expenses | -295.94a | -273.29a | -226.32a |
| Selling, general and administrative expenses | -195.05a | -198.55a | -163.13a |
| Depreciation, amortization and (gain) loss on disposal of assets, net | -109.07a | -113.2a | -140.17a |
| Goodwill impairment | -97.08a | 0a | 0a |
| Total costs and expenses | -743.19a | -628.5a | -576.89a |
| Income from operations | 136.02a | 188.81a | 164.71a |
| Interest expense, net | -73.9a | -86.7a | -69.37a |
| Change in fair value of private placement warrants | 0a | 24.97a | -14.4a |
| Tax receivable agreement liability adjustment | -0.26a | -3.08a | -0.72a |
| Loss (gain) on interest rate swap | 0.49a | 0.82a | -1a |
| Loss (gain) on extinguishment of debt | 1.75a | 3.53a | -3.01a |
| Other income, net | -18.97a | -11.12a | -12.65a |
| Total other expenses | 56.91a | 101.82a | 37.6a |
| Income before income taxes | 79.11a | 87a | 127.11a |
| Income tax provision | -47.66a | -29.98a | -34.63a |
| Net income | 31.45a | 57.02a | 92.48a |
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