Via Transportation, Inc. Class A (VIA) AI Stock Analysis

• Market Cap: $2.92B
• Dividend Yield: N/A
• Average Volume (3M): 195.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.56
• Revenue Growth: 28.86%
• EPS Growth: 4.34%
• Country: US
• Employees: 973
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 77,144,640
• 10 Day Avg. Volume: 342,300
• 30 Day Avg. Volume: 195,380
• PEG Ratio: 1.68
• Price to Book (P/B): -3.60
• Price to Sales (P/S): 10.53
• P/FCF Ratio: -47.77
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 10.92
• Enterprise Value/Gross Profit: 27.98
• Enterprise Value/Ebitda: -57.64
• 1Y Price Target: $56.40
• Price Target Upside: 64.53% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): -1.1
• Revenue Forecast (FY): $429.71M

• Rating: 44 Neutral
• Price Target: $38.00 ▲(10.85% Upside)

Via Transportation, Inc. has a low overall stock score due to significant financial challenges, including negative profitability and weak cash flow management. While the earnings call highlighted strong revenue growth and strategic partnerships, these positives are overshadowed by the company's financial instability and bearish technical indicators.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and product adoption, enhancing long-term viability and competitive positioning.

Strategic Partnerships

Partnership with Waymo positions Via to leverage autonomous vehicle technology, potentially reducing costs and enhancing service offerings.

Customer Expansion

Increasing customer base reflects strong demand and market penetration, supporting sustainable growth and revenue stability.

Negative Factors

Negative Profitability

Persistent negative profitability challenges financial health, limiting reinvestment capacity and potentially deterring long-term investors.

Weak Balance Sheet

A weak balance sheet with negative equity raises concerns about financial stability and increases reliance on external financing.

Cash Flow Challenges

Negative cash flows indicate inefficiencies in operations, potentially hindering the company's ability to fund growth and manage debt.

Via Transportation, Inc. Class A Business Overview & Revenue Model

Company Description

Via Transportation, Inc. Class A (VIA) is a technology company specializing in on-demand transportation and mobility solutions. The company operates in the transportation sector, providing innovative software and hardware solutions that facilitate shared rides and microtransit services. Via's core products include its ride-sharing platform, which connects passengers with drivers in real-time, and its technology for public transportation agencies that enhances transit efficiency and accessibility.

How the Company Makes Money

Via Transportation generates revenue primarily through its ride-sharing services, which charge customers per ride. The company also earns income by partnering with municipalities and transit agencies to provide software solutions and operational support for public transit systems. These partnerships often involve contracts that include fees for technology deployment and ongoing service agreements. Additionally, Via may explore opportunities for advertising and data analytics services, providing insights to partners based on ridership patterns and trends, further contributing to its earnings.

Via Transportation, Inc. Class A Financial Statement Overview

Summary

Via Transportation, Inc. faces significant financial challenges, with declining revenues, negative profitability, and a weak balance sheet position. The company has a negative net profit margin and negative stockholders' equity, indicating potential solvency issues. Cash flow management is also a concern with negative operating and free cash flows.

Income Statement

Via Transportation, Inc. has experienced declining revenue over recent years, with a notable revenue decrease of 12.14% in the latest year. The company has struggled with profitability, reflected in negative net profit and EBIT margins. Despite a reasonable gross profit margin of 38.75%, the negative net profit margin of -26.74% indicates significant challenges in managing operating expenses and achieving profitability.

Balance Sheet

The balance sheet reveals a concerning financial position with negative stockholders' equity, indicating potential solvency issues. The debt-to-equity ratio is negative due to negative equity, and the return on equity is not meaningful in this context. The equity ratio is also negative, highlighting the company's reliance on debt financing and the risk of financial instability.

Cash Flow

Cash flow analysis shows significant challenges, with negative operating and free cash flows. The free cash flow growth rate is highly negative, and the operating cash flow to net income ratio is below 1, indicating inefficiencies in converting income into cash. The free cash flow to net income ratio is slightly above 1, suggesting some ability to generate cash relative to net income, but overall cash flow management remains a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	319.67M	337.63M	248.85M	460.49M	393.49M	554.89M
Gross Profit	124.72M	130.84M	99.41M	103.40M	70.27M	210.30M
EBITDA	-60.55M	-75.27M	-106.50M	41.59M	26.36M	119.99M
Net Income	-76.88M	-90.28M	-116.69M	11.20M	-3.95M	68.22M
Balance Sheet
Total Assets	702.06M	387.83M	367.94M	330.95M	355.28M	366.67M
Cash, Cash Equivalents and Short-Term Investments	378.16M	77.91M	71.74M	33.66M	68.90M	71.68M
Total Debt	41.52M	1.28B	17.83M	120.00M	135.00M	100.00M
Total Liabilities	127.47M	1.38B	1.29B	214.90M	217.64M	190.92M
Stockholders Equity	574.59M	-987.09M	-918.08M	130.28M	140.64M	152.14M
Cash Flow
Free Cash Flow	-12.11M	-74.41M	-97.42M	9.34M	6.19M	89.68M
Operating Cash Flow	-8.53M	-69.96M	-92.62M	16.21M	12.70M	91.83M
Investing Cash Flow	-1.46M	-4.45M	-43.33M	-6.87M	-6.51M	-2.15M
Financing Cash Flow	309.72M	80.28M	113.93M	-49.30M	-2.56M	-75.66M

Via Transportation, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAVE	73 Outperform	$2.75B	20.19	65.63%	―	53.82%	227.54%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPT	61 Neutral	$587.36M	―	-26.69%	―	13.09%	32.34%
PRCH	56 Neutral	$1.03B	40.20	―	―	-2.13%	―
VIA	44 Neutral	$2.92B	―	―	―	28.86%	4.34%
SWVL	41 Neutral	$32.16M	-5.56	-218.42%	―	-2.39%	-3.11%
ULY	41 Neutral	$3.53M	-0.10	―	―	-17.95%	-124.63%

Via Transportation, Inc. Class A Corporate Events

Via Transportation’s Q3 Earnings Call Highlights Growth

Via Transportation, Inc. Reports Strong Q3 Growth Amid Challenges

Via Transportation Reports Strong Q3 2025 Growth

Via Transportation, Inc. is a leading provider of public transit software and services, transforming traditional transportation systems into dynamic, data-driven networks across the globe. In its latest earnings report for the third quarter of 2025, Via announced a 32% increase in revenue year-over-year, reaching $110 million. The company also reported a significant improvement in its adjusted EBITDA margin, which rose by 9 percentage points compared to the same period last year.