Via Transportation, Inc. Class A ((VIA)) has held its Q3 earnings call. Read on for the main highlights of the call.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Via Transportation, Inc. Reports Strong Q3 Growth Amid Challenges
Via Transportation, Inc. demonstrated a positive trajectory in its Q3 2025 earnings call, showcasing strong revenue growth and customer expansion. Despite facing challenges like a negative EBITDA margin and seasonal fluctuations in ARR, the company’s overall performance indicates a promising future, driven by increased government business and strategic partnerships, notably with Waymo.
Strong Revenue Growth
Via’s revenue saw a significant increase of 32% year-over-year, reaching a platform annual revenue run rate of $439 million. The company experienced a substantial rise in revenue from U.S. customers, which increased by 42% year-over-year, highlighting the strength of its domestic market.
Customer Expansion
The number of customers on Via’s platform grew to 713, marking an 11% increase year-over-year. This growth was fueled by significant new customer additions in Q3 2025, demonstrating the company’s ability to attract and retain a growing customer base.
Government Business Growth
Revenue from government customers increased by $26.5 million, or 34% year-over-year, underscoring strong growth in this segment. This expansion reflects Via’s successful efforts in securing government contracts and partnerships.
Strategic Partnerships
Via announced a strategic partnership with Waymo, aiming to advance the use of autonomous vehicles in public transit. This collaboration is expected to enhance Via’s technological capabilities and market reach.
Efficient Sales and Marketing
The company reported a decrease in sales and marketing expenses as a percentage of revenue, from 15% in Q3 2024 to 14.1% in Q3 2025. This efficiency indicates Via’s effective cost management strategies.
Negative EBITDA Margin
Despite improvements, Via reported a negative adjusted EBITDA margin of 8% for Q3 2025. However, this was an improvement from the negative 17% reported in Q3 2024, showing progress in the company’s financial health.
Seasonality Impact
The ARR per customer experienced a slight decline quarter-over-quarter due to normal seasonality patterns, particularly affecting contracts with universities and schools. This seasonal impact is a common challenge in the industry.
Forward-Looking Guidance
Via provided guidance for the full year 2025, projecting platform revenue to range between $430 million and $430.5 million, marking a year-over-year growth of 30% to 30.2%. The company expects an adjusted EBITDA margin between negative 8% and negative 7.8%, showing an improvement from negative 16.1% in 2024. For the fourth quarter, Via anticipates platform revenue between $114.6 million and $115.1 million, representing a year-over-year growth of 25% to 25.5%, with an adjusted EBITDA margin ranging from negative 6.5% to negative 7.4%.
In conclusion, Via Transportation, Inc.’s Q3 2025 earnings call highlighted the company’s strong revenue growth and customer expansion, driven by strategic partnerships and government business growth. Despite challenges like a negative EBITDA margin and seasonal fluctuations, Via’s forward-looking guidance indicates continued growth and improvement in financial performance.