VRRM Q2 2023 Earnings — Verra Mobility Corporation Revenue & Financial Results | Market Cap Arena

VRRMVerra Mobility Corporation

$3B

Q2 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$204M+9.1% YoY

Gross Profit

$194M95.0% margin

Operating Income

$56M27.5% margin

Net Income

$19M9.3% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$51M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.4B

Stockholders' Equity

$465M

Cash & Equivalents

$210M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$204M	$187M	+9.1%
Gross Profit	$194M	$175M	+10.7%
Operating Income	$56M	$45M	+24.5%
Net Income	$19M	$30M	-35.5%

Revenue Segments

Service

$196M96%

Product

$8M4%

Geographic Segments

AUSTRALIA

$10M40%

CANADA

$9M34%

UNITED KINGDOM

$6M23%

Other Customer

$734,0003%