VRRM Q1 2023 Earnings — Verra Mobility Corporation Revenue & Financial Results | Market Cap Arena

VRRMVerra Mobility Corporation

$3B

Q1 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$192M+12.6% YoY

Gross Profit

$182M95.0% margin

Operating Income

$50M26.1% margin

Net Income

$5M2.4% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$27M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.5B

Stockholders' Equity

$237M

Cash & Equivalents

$64M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$192M	$170M	+12.6%
Gross Profit	$182M	$161M	+13.5%
Operating Income	$50M	$32M	+56.5%
Net Income	$5M	$10M	-54.4%

Revenue Segments

Service

$185M96%

Product

$7M4%

Geographic Segments

AUSTRALIA

$10M40%

CANADA

$7M30%

UNITED KINGDOM

$7M28%

Other Customer

$688,0003%