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Verra Mobility

Smart transportation technology and safety solutions

Overview

Verra Mobility provides technology solutions for smart transportation, helping cities, fleets, and rental companies make roads safer and more efficient. Its offerings include hardware and software for programs like school bus stop-arm cameras, fleet management, and data analytics. The system typically combines cameras and sensors with software to monitor traffic events, enforce laws, and optimize operations; customers install the technology, receive ongoing maintenance, and access analytics to improve transportation systems. The company distinguishes itself through a global footprint (over 15 countries), a diverse client base (government agencies, commercial fleets, rental car companies), and multiple revenue streams from sales, installation, maintenance, and data services, along with partnerships within the smart mobility ecosystem. The overall goal is to reduce traffic incidents, improve driver behavior, and create safer, more connected transportation networks.

Significant Headcount Growth

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About Verra Mobility

Simplify's Rating
Why Verra Mobility is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsAutomotive & TransportationGovernment & Public SectorEnterprise Software

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Mesa, AZ

Founded

1987

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Simplify's take

What believers are saying

  • October 30, 2026 Q3 government revenue rose 12%, driven by NYCDOT installations and expansion.
  • November 12, 2026 GovTech Breakthrough award validates product momentum in public-sector mobility.
  • The Hertz renewal on August 26, 2026 expands toll-processing technology partnership opportunities.

What critics are saying

  • Avis exits January 30, 2027 after fleet cuts, creating a near-term commercial revenue hole.
  • October 2026 CFO departure and November 2026 CEO swap signal operational instability.
  • New York and other cities can restrict automated enforcement, hollowing out Verra's core camera business.

What makes Verra Mobility unique

  • NYCDOT contract and 600-intersection rollout anchor a defensible, citywide enforcement moat.
  • Verra's transaction-processing model monetizes tolling, violations, and camera data across fleets and governments.
  • Halo 2.5 and NK9 add AI-enabled enforcement hardware built on deployed global platforms.

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Funding

Total Funding

$1.2B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Remote Work Options
  • Flexible Work Hours

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

7%

2 year growth

7%
Verra Mobility
Nov 11th, 2026
Verra Mobility wins 2026 GovTech Breakthrough award for Innovation in Government Technology.

Verra Mobility wins 2026 GovTech Breakthrough award for Innovation in Government Technology. November 11, 2026 Verra Mobility has received the "Legacy Modernization Innovation Award" in the 2026 GovTech Breakthrough Awards program, recognizing its innovative approach to modernizing government transportation systems. The GovTech Breakthrough Awards recognize leading companies, technologies, and products transforming how government agencies operate and deliver services. The 2026 program received hundreds of nominations from companies in more than 15 countries, spanning innovations in public safety, government cloud technology, cybersecurity, and more. Advancing Innovation in Government Technology Its approach to technology innovation is rooted in understanding the operational challenges facing government agencies and developing solutions that address their evolving needs. By combining decades of transportation industry experience with modern technology, Verra Mobility is helping agencies move beyond traditional legacy systems to improve efficiency, strengthen security, and adapt more easily to changing requirements. "Modernizing government technology requires more than upgrading legacy systems. It requires rethinking how those systems are built," said Jason Rivera, chief technology officer, Verra Mobility. "With AXIS 2.0, we've developed a cloud-native, configuration-driven platform that gives agencies greater flexibility to adapt to changing requirements without extensive software customization. This recognition reflects our commitment to building secure, scalable technology that simplifies operations and provides a foundation for continued innovation." Helping Government Agencies Move Beyond Legacy Systems Its AXIS 2.0 platform was recognized for reimagining how transportation technology is designed, deployed and maintained. The platform enables government agencies to configure workflows, business rules and reporting requirements to meet their unique needs. Dedicated cloud environments and enhanced security capabilities provide a more resilient technology foundation while allowing agencies to implement operational and legislative changes more efficiently. The award reflects its continued leadership in developing innovative transportation solutions that help government agencies operate more efficiently, respond to evolving community needs and advance road safety.

TechSpot
Nov 9th, 2026
School buses are becoming AI-powered ticket machines, generating millions from drivers who fail to stop.

School buses are becoming AI-powered ticket machines, generating millions from drivers who fail to stop. Millions of dollars in fines, hundreds of thousands of tickets, but little evidence that the roads are getting safer. Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. A hot potato: AI cameras are turning America's school buses into mobile traffic enforcement systems, and there's plenty of money to be made in this business. Manufacturers say the technology protects children without costing taxpayers, but an investigation questions whether the flood of tickets is delivering the promised safety benefits. An investigation by Bloomberg and Type Investigations earlier this year reported that BusPatrol equipped around 35,000 buses across 24 states. Its cameras flag suspected illegal passing, with police reviewing evidence before tickets are issued. In Montgomery County, Maryland, the investigation tallied more than 375,000 tickets and $92 million in issued fines. Those are some stunning figures, but the research found little reduction in violations and no evidence of fewer collisions near stopped buses. Between fiscal years 2019 and 2024, the county retained around $18.5 million from collected fines while setting aside roughly $40 million for manufacturer BusPatrol. The company says its financial arrangements cover installation and operating costs, and that it absorbs shortfalls when camera expenses exceed violation revenue. The technology itself does more than photograph license plates. Allentown School District describes a process combining footage, GPS coordinates, and timestamps. AI filters incidents before a trained specialist builds an evidence package for police. All parties involved insist that human review remains part of the process, rather than software simply mailing out fines. Other suppliers are expanding, too. FOX 35 reported in August that Florida's Osceola County school board approved a Verra Mobility contract with no upfront district cost. The company and district will split program revenue equally, with law enforcement confirming suspected violations. Verra says 98% of cited drivers don't reoffend and citations fall by around 70% over a school year. It's worth remembering that those are the company's claims, and a low repeat-offender rate alone doesn't establish how much safer a bus stop becomes. The latest example of the technology's use comes from southeast Idaho. Local News 8 reported that Teton Stage Lines is working with AngelTrax on AI detection of drivers passing stopped school buses. The organizations are working with lawmakers to allow the technology statewide. This is another example of AI cameras being used for more than reading license plates, though other cases can be just as controversial. It was reported in September that Dallas has mounted AI cameras on garbage trucks to flag property violations and assign homes a "blight score," prompting concerns about privacy and unfair fines. As for Flock and its AI cameras, the list of grievances against the firm is a long one. The most recent example was the company replacing its cameras in a city that rejected them, and it's not the first time this has happened. See more TechSpot in Google Add us as a preferred source and our reporting shows up first when you search.

PR Newswire
Nov 3rd, 2026
Verra Mobility grants new CEO Jon Newhard $4.75M inducement award in restricted stock units

Verra Mobility, a smart mobility technology provider, has granted an inducement award to Jon Newhard, its new president and chief executive officer. The grant was made on November 2, 2026, and approved by the company's Compensation Committee under Nasdaq Listing Rule 5635(c)(4). Newhard's appointment took effect November 1, 2026, under an employment agreement signed October 1, 2026. The award is a one-time grant of 1,583,333 time-vested restricted stock units in Class A common stock, valued at $4,750,000 on the grant date. It vests in three equal annual instalments over the first three anniversaries of his start date, provided he remains chief executive officer. The award sits outside the company's 2018 Equity Incentive Plan.

Bay Area News Group
Oct 30th, 2026
Firm with $1B NYC traffic-camera contract appears to be trying to cover up ties to Flock.

Firm with $1B NYC traffic-camera contract appears to be trying to cover up ties to Flock. Verra Mobility, a major Big Apple vendor for automated road-safety-enforcement systems, had been listed on Flock's website as one of its partners up until earlier this year - and been joining forces on bidding for contracts as recently as 2025. Top stories:

PR Newswire
Oct 30th, 2026
Verra Mobility Q3 revenue slips 1% to $258.9M as Avis contract ends and CFO exits

Verra Mobility reported third quarter 2026 revenue of $258.9 million, down 1% from $261.9 million a year earlier. Net income fell to $40.4 million from $46.8 million, or $0.27 per share. Commercial Services revenue dropped 14% to $100.3 million, hit by less favourable contract extensions with two major rental car customers. Government Solutions grew 12% to $136.8 million. Cash from operations rose to $114.5 million from $77.7 million. Free cash flow reached $89.4 million, up from $49.0 million. The company terminated its contract with Avis Budget Group, effective January 30, 2027, after the customer sharply cut fleet volumes. Jon Newhard becomes chief executive officer on November 1, 2026. Matthew Kvarda will serve as interim chief financial officer from November 5, 2026, after Craig Conti steps down.

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