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Via Transportation
Via Transportation (VIA) investor relations material
Via Transportation Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Q4 2025 revenue reached $119M, up 30% year-over-year, with platform revenue growth at or above 30% for eight consecutive quarters and annual run-rate revenue at $476M.
Achieved strongest quarter in company history for net new platform revenue and added 94 new customers via the Downtowner acquisition.
Ended 2025 with 821 customers, 23% growth year-over-year, and 97% of revenue from recurring fees.
IPO completed in 2025, enabling strategic acquisitions, further product innovation, and ending the year with $371M in cash and no debt.
Significant strength in the US market, with 39% year-over-year platform revenue growth.
Financial highlights
Q4 2025 annual run rate revenue reached $476M, up 30% year-over-year.
Adjusted EBITDA margin improved to -6% in Q4 2025, the narrowest loss on record, compared to -10% in Q4 2024.
Full-year 2025 platform revenue grew 31% year-over-year to $434M.
Q4 gross profit was $46.95M (up 27% year-over-year); FY gross profit was $171.8M (up 31% year-over-year).
Operating cash flows for Q4 2025 were -$0.5M, reflecting improved financial performance and favorable customer collections.
Outlook and guidance
Q1 2026 revenue expected between $123.3M and $123.8M, representing 25%-25.5% year-over-year growth.
Full-year 2026 revenue guidance is $542.9M to $545.1M, with adjusted EBITDA margin improving to -2.3% to -1.4%.
First quarter of profitability (positive adjusted EBITDA) anticipated in Q4 2026.
FY 2026 Adjusted EBITDA guidance: $(12.5)M to $(7.5)M.
Long-term goal to achieve 20%-25% adjusted EBITDA margin reiterated.
What drives the Q4 2026 profitability target?
Elaborate on AI's role in 2026 innovation
Assess Downtowner acquisition's full impact
Via AI Labs: What specific municipal areas target?
How will AV adoption impact gross margin progression?
What drives Germany's slower platform adoption?
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Next Via Transportation earnings date
Q1 202615 May, 2026
Via Transportation
Next Via Transportation earnings date
Q1 202615 May, 2026
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