Verra Mobility Corporation reported strong financial results for the second quarter ended June 30, 2025, with all key financial measures exceeding internal expectations. Total revenue increased 6.1% year-over-year to $236.0 million, Adjusted EBITDA was $102.0 million, and Adjusted EPS reached $0.34.
The company generated $75.1 million in net cash from operating activities for the quarter. Net Debt decreased to $893.4 million, reducing the Net Leverage ratio to 2.2x from 2.4x at the end of 2024. Verra Mobility reaffirmed its full-year 2025 financial guidance, maintaining total revenue, Adjusted EBITDA, and Adjusted EPS projections.
On May 15, 2025, Verra Mobility amended its Revolving Credit Agreement, increasing the commitment from $75.0 million to $125.0 million, enhancing liquidity. A new $100.0 million share repurchase program was authorized on May 17, 2025, following the completion of the previous program in April 2025.
The company also entered into a lease agreement for a new corporate headquarters building in Mesa, Arizona, on May 29, 2025, with relocation expected in early 2026. This operational milestone signifies a long-term investment in its infrastructure.
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