For the quarter ending 2026-03-31, VRRM had -$18,212K decrease in cash & cash equivalents over the period. $9,642K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 26,744 | 18,880 | 46,839 | 70,914 |
| Depreciation and amortization | 29,225 | 28,901 | 28,534 | 56,645 |
| Amortization of deferred financing costs and discounts | 563 | 589 | 953 | 1,903 |
| Change in fair value of private placement warrants | - | 0 | - | - |
| Tax receivable agreement liability adjustment | - | -687 | - | - |
| Change in fair value of interest rate swap | - | 0 | 0 | 0 |
| Loss on extinguishment of debt | 0 | -1,266 | -21 | -48 |
| Share-based proceeds from legal settlement | -7,865 | - | - | - |
| Gain on lease modification | - | 1,517 | - | - |
| Unrealized loss on remeasurement of share-based proceeds | 1,508 | - | - | - |
| Credit loss expense | 2,635 | 4,609 | 4,521 | 13,856 |
| Deferred income taxes | 2,016 | 14,640 | 9,173 | -4,467 |
| Stock-based compensation | 6,952 | 6,480 | 4,961 | 13,735 |
| Utp reserve release | - | 762 | 0 | 1,682 |
| Goodwill impairment | - | 0 | - | - |
| Impairment of long-lived assets and rou assets | - | 9,352 | - | - |
| Other | -152 | -692 | -870 | -1,227 |
| Accounts receivable | -9,877 | 10,011 | 15,961 | 23,674 |
| Unbilled receivables | 26,221 | -3,184 | 7,731 | 2,710 |
| Inventory | 8,197 | 359 | -3,580 | -182 |
| Prepaid expenses and other assets | -11,255 | 5,206 | 11,119 | -5,975 |
| Deferred revenue | -2,314 | -2,690 | -442 | -56 |
| Accounts payable and other current liabilities | -5,543 | -30,058 | 20,385 | 7,900 |
| Other liabilities | 54 | 1,297 | -6,869 | -1,683 |
| Net cash provided by operating activities | 40,841 | 39,974 | 77,715 | 138,113 |
| Cash receipts (payments) for interest rate swap | - | 0 | 0 | 0 |
| Purchase of intellectual property | - | 0 | - | - |
| Purchases of installation and service parts and property and equipment | 31,199 | 34,226 | 28,750 | 56,118 |
| Cash proceeds from the sale of assets | 112 | 90 | 116 | 99 |
| Net cash used in investing activities | -31,087 | -34,136 | -28,634 | -56,019 |
| Borrowings on amended revolver | -48,500 | - | - | - |
| Borrowings on long-term debt | - | 29,791 | - | - |
| Repayment on amended revolver | 22,500 | - | - | - |
| Repayment of long-term debt | 1,722 | 31,513 | 2,255 | 4,509 |
| Equipment financing arrangements | 2,869 | - | - | - |
| Payment of debt issuance costs | 579 | 2,344 | 187 | 262 |
| Proceeds from the exercise of warrants | - | 0 | - | - |
| Share repurchase and retirement | 50,237 | 133,447 | 0 | 0 |
| Proceeds from the exercise of stock options | 336 | 33 | 213 | 841 |
| Payment of employee tax withholding related to rsus and psus vesting | 5,248 | 170 | 171 | 6,990 |
| Net cash used in financing activities | -28,581 | -137,650 | -2,400 | -10,920 |
| Effect of exchange rate changes on cash and cash equivalents | 615 | -169 | -307 | 1,597 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -18,212 | -131,981 | 46,374 | 72,771 |
| Cash, cash equivalents and restricted cash - beginning of period | 68,318 | 200,299 | 81,154 | - |
| Cash, cash equivalents and restricted cash - end of period | 50,106 | 68,318 | 200,299 | - |
VERRA MOBILITY Corp (VRRM)
VERRA MOBILITY Corp (VRRM)