Via Transportation, Inc.
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Range $19 – $50
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About the company
Via Transportation, Inc. delivers digital platforms for public mobility across the United States, Germany, and other international markets. Central to its offerings is "TransitTech," a specialized public mobility platform designed to empower partners in establishing comprehensive, integrated transit systems.
- CEO
- Daniel Ramot
- IPO
- 2025
- Employees
- 1,040
- HQ
- New York, NY, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $2.06B
- P/E
- -22.33
- Fwd P/E
- 60.69
- PEG
- -0.55
- P/S
- 4.19
- P/B
- 3.50
- EV/EBITDA
- -20.47
- Div Yield
- 0.00%
- Gross Margin
- 39.63%
- Op Margin
- -17.94%
- Net Margin
- -20.04%
- ROE
- -16.13%
- ROIC
- -13.84%
Latest fiscal year · YoY change
- Revenue
- $434.34M+28.6%
- Gross Profit
- $171.80M+31.3%
- Op Income
- $-76,616,000
- Net Income
- $-96,361,000-6.7%
- EPS
- $-1.20+3.2%
- OCF Growth
- +55.9%
- FCF Growth
- +50.6%
- 52W High
- $56.31
- 52W Low
- $12.95
- 50D MA
- $19.13
- 200D MA
- $22.42
- Beta
- 1.00
- RSI (14)
- 75
- Avg Volume
- 1.01M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Via reported another strong quarter with 27% revenue growth, record pipeline, and continued progress toward Q4 adjusted EBITDA profitability.· August 6, 2026
- Q2 revenue rose 27% year over year to $136 million, with annual run-rate revenue at $543 million.
- Adjusted EBITDA was negative $3.4 million and adjusted net loss per share was negative $0.01, the company’s narrowest loss on record.
- Pipeline doubled year over year again and surpassed $700 million in gross annual contract value, driven by larger network opportunities.
- Gross margin improved to 41% from 40% last year, helped by a more favorable mix and higher non-subscription revenue.
- Management raised full-year revenue guidance and reiterated a goal of positive adjusted EBITDA in Q4 2026.
Q2 2026 revenue was $136 million, up 27% year over year, and annual run-rate revenue was $543 million, also up 27%. Adjusted gross margin was 41% versus 40% in Q2 2025. Adjusted EBITDA was negative $3.4 million, and adjusted net loss per share was negative $0.01, compared with negative $0.72 per share in Q2 2025. Full-year 2026 revenue guidance was raised to $550 million to $553 million, with adjusted EBITDA guidance maintained at negative $12.5 million to negative $7.5 million. Q3 2026 revenue guidance is $137.6 million to $138.2 million, with adjusted EBITDA expected between negative $4.5 million and negative $3.5 million.
Daniel Ramot framed the quarter as evidence that Via is at an inflection point, with public transit demand, affordability pressure, and AI adoption all supporting the company’s model. He emphasized that Via is winning larger network deals by offering an end-to-end platform, while schools and AI Labs represent the next growth layers. His tone was highly optimistic, repeatedly highlighting record pipeline, strong execution, and a path to accelerating growth into 2027.
Clara Fain said the quarter showed both revenue strength and improving profitability, with adjusted gross margin at 41%, sales and marketing at 13% of revenue, G&A at 15%, and R&D at 16% of revenue. She noted that the Israeli shekel negatively impacted adjusted R&D by about $2.2 million versus Q2 2025, but the business still delivered a negative 2.5% adjusted EBITDA margin, the narrowest loss on record. She also pointed to a strong balance sheet with $336 million of cash and no debt, and said gross margin should revert somewhat next quarter because non-subscription revenue is expected to normalize.
Analysts focused heavily on what is driving the doubled pipeline, how quickly it can convert to revenue, and whether bigger network deals could pressure gross margins. Management said pipeline is all net new ARR, not renewals, and that the typical sales cycle is about 9 to 10 months plus 2 to 3 months of implementation, so roughly a year before revenue recognition. On margins, Clara said network deals can have different profiles, but schools and AI Labs are accretive and the company does not see a change in overall mix today. They also said RPO is only a small subset of the business because many contracts include federal funding and termination-for-convenience clauses, so it does not fully reflect the book.
The positive case from the call is that Via appears to be scaling faster and with better visibility, as pipeline doubled year over year for the second straight quarter and revenue grew 27%. Management believes network deals, schools, and AI Labs can each drive the next phase of growth, while public-company credibility may help win larger, risk-sensitive customers. Profitability is also moving in the right direction, with record-low adjusted EBITDA loss and guidance still pointing to Q4 profitability.
The main risk is execution: management acknowledged that pipeline must convert through a roughly year-long sales-plus-implementation cycle, and Q3 EBITDA guidance remains negative because of seasonality and upfront investment in new launches. Gross margin can fluctuate with mix, and Clara said some of the Q2 uplift came from higher one-time and non-subscription revenue that should revert lower next quarter. The company also noted budget pressure and slower-growing public transit budgets, which could limit demand even if it increases the push for efficiency.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 12.5%
- Shares Outstanding
- 77.45M
- Float Shares
- 9.69M
of shares held by institutions
99 13F filers
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 1.03M | ▲ 202.16K |
| Janus Henderson Group PLC | 854.59K | ▲ 252.38K |
| Ion Asset Management Ltd. | 100.00K | ▲ 100.00K |
| Beacon Pointe Advisors, LLC | 26.93K | ▲ 26.93K |
| Point72 (Difc) Ltd | 19.95K | ▲ 19.95K |
| Cubist Systematic Strategies, LLC | 18.43K | ▲ 18.43K |
| Sandia Investment Management LP | 17.05K | ▲ 48 |
| Cwm, LLC | 11.40K | ▲ 11.37K |
| Point72 Asia (Singapore) Pte. Ltd. | 5.50K | ▲ 5.50K |
| California State Teachers Retirement System | 558 | ▼ 76 |
| Sunbelt Securities, Inc. | 15 | ▲ 15 |
Held by 134 ETFs
Biggest fund positions in VIA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 15, 22 | Maxwell W Keith III | other | 2,766 |
| Jun 15, 22 | Maxwell W Keith III | other | 2,716 |
| Jun 15, 22 | Konikowski Paul | other | 848 |
| Jun 15, 22 | Hartwick Kenneth Michael | other | 326 |
| Jun 15, 22 | Clay Barbara | other | 680 |
| Jun 15, 22 | Bush Amanda | other | 144 |
| Jun 15, 22 | Barajas Mike | other | 1,641 |
| May 20, 22 | Hartwick Kenneth Michael | other | 3,700 |
| May 18, 22 | Maxwell W Keith III | other | 123,916 |
| May 18, 22 | Maxwell W Keith III | other | 35,640 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our VIA coverage
Recent articles, reports, and earnings notes.
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Generate VIA report →Bronstein, Gewirtz & Grossman LLC Urges Via Transportation, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
feeds.newsfilecorp.com · Aug 10
VIA Investors Have Opportunity to Lead Via Transportation, Inc. Securities Fraud Lawsuit with SBS Law
businesswire.com · Aug 10
CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Via Transportation (VIA) Investors of Securities Class Action Lawsuit Deadline on August 10, 2026
businesswire.com · Aug 10
Via Transportation, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - VIA
prnewswire.com · Aug 10
VIA Investors Have Opportunity to Lead Via Transportation, Inc. Securities Fraud Lawsuit with SBS Law
prnewswire.com · Aug 10
Via Transportation Deadline Tomorrow: VIA Investors Have Opportunity to Lead Via Transportation, Inc. Securities Lawsuit
gurufocus.com · Aug 9
Via Transportation Deadline Tomorrow: VIA Investors Have Opportunity to Lead Via Transportation, Inc. Securities Lawsuit
prnewswire.com · Aug 9
VIA INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Via Transportation (VIA) Investors of Securities Class Action Lawsuit Deadline on August 10, 2026
newsfilecorp.com · Aug 9
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