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Via Transportation, Inc. Class A
(NYSE:VIA)
Select Model
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Rating:51Neutral
Price Target:
$21.00
▲(18.71% Upside)
Action:Reiterated
Date:07/11/26
The score is held down primarily by weak financial performance—persistent losses and ongoing cash burn—despite improved balance sheet positioning. Offsetting this are constructive near-term technical signals and a stronger earnings-call outlook, including raised revenue guidance and improving (though still negative) adjusted EBITDA trajectory. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Sustained Revenue Momentum & Upgraded Guidance
Management raised 2026 revenue guidance after Q1 revenue grew 29% YoY, reflecting durable demand and scaling of contracted services. A higher recurring revenue run‑rate and back‑loaded contract launches support mid‑term revenue visibility and help underpin investment in growth and margins.
Negative Factors
Persistent Operating Losses
Despite revenue growth, sizable operating and net losses remain, and management still guides negative adjusted EBITDA for the year. Continued unprofitability is a durable constraint on free cash generation and increases execution risk around achieving the targeted path to positive EBITDA.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Momentum & Upgraded Guidance
Management raised 2026 revenue guidance after Q1 revenue grew 29% YoY, reflecting durable demand and scaling of contracted services. A higher recurring revenue run‑rate and back‑loaded contract launches support mid‑term revenue visibility and help underpin investment in growth and margins.
Read all positive factors
Via Transportation, Inc. Class A (VIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.65B
Dividend YieldN/A
Average Volume (3M)1.15M
Price to Earnings (P/E)―
Beta (1Y)1.84
Revenue Growth29.82%
EPS Growth-23.35%
CountryUS
Employees1,040
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.22
Shares Outstanding77,449,690
10 Day Avg. Volume769,093
30 Day Avg. Volume1,146,567
Financial Highlights & Ratios
PEG Ratio7.49
Price to Book (P/B)3.71
Price to Sales (P/S)5.36
P/FCF Ratio-71.61
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$31.50Price Target Upside78.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$548.75M
Via Transportation, Inc. Class A Business Overview & Revenue Model
Company Description
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 partn...
How the Company Makes Money
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Via Transportation, Inc. Class A Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong growth momentum, operational progress and a solid balance sheet: revenue rose 29% YoY, customers and pipeline hit record levels, gross R&D and S&M leverage improved via AI, and adjusted EBITDA moved meaningfully toward breakeven. Key execution risks are localized (notably Germany), FX and fuel cost pressures, and the company remains unprofitable on an adjusted basis for now. Management raised revenue guidance and reiterated a path to positive adjusted EBITDA in Q4 2026, reflecting confidence in the business trajectory despite near-term headwinds.Positive Updates
Strong Top-Line Growth and Run Rate Milestone
Q1 revenue grew 29% year-over-year to $127 million; annual run rate exceeded $0.5 billion for the first time at $510 million.
Negative Updates
Germany Market Headwinds
Germany presented slower growth and elevated churn; market now represents ~16% of revenue and grew only ~3% this quarter. Constrained local budgets and limited adoption beyond siloed microtransit are pressuring near-term growth and influenced Q2 guidance.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth and Run Rate Milestone
Q1 revenue grew 29% year-over-year to $127 million; annual run rate exceeded $0.5 billion for the first time at $510 million.
Read all positive updates
Company Guidance
Via raised 2026 revenue guidance to $547–$550 million (up 26.0%–26.6% YoY) and expects Q2 revenue of $132.5–$134.0 million (up 22.7%–25.1% YoY); Q2 adjusted EBITDA margin is guided to -3.0% to -2.2% (adjusted EBITDA -$4M to -$3M), and full‑year adjusted EBITDA is reiterated at -$12.5M to -$7.5M while the company continues to target its first positive adjusted EBITDA in Q4 2026. Management noted Q1 revenue of $127M (29% YoY), a $510M annual run rate, adjusted EBITDA margin of -4.6% in Q1, a record $650M pipeline, a ~$2M annualized headwind from a strong Israeli shekel, and a strong balance sheet with $348M cash and no debt.Via Transportation, Inc. Class A Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
55
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 463.13M | 434.34M | 337.63M | 248.85M | 460.49M | 393.49M |
| Gross Profit | 181.23M | 171.80M | 130.84M | 99.41M | 103.40M | 70.27M |
| EBITDA | -84.02M | -77.97M | -75.27M | -106.50M | 41.59M | 26.36M |
| Net Income | -100.19M | -96.36M | -90.28M | -116.69M | 11.20M | -3.95M |
Balance Sheet | ||||||
| Total Assets | 723.32M | 733.10M | 387.83M | 367.94M | 330.95M | 355.28M |
| Cash, Cash Equivalents and Short-Term Investments | 348.16M | 370.91M | 77.91M | 71.74M | 33.66M | 68.90M |
| Total Debt | 19.27M | 28.50M | 1.28B | 17.83M | 120.00M | 135.00M |
| Total Liabilities | 101.19M | 105.36M | 1.38B | 1.29B | 214.90M | 217.64M |
| Stockholders Equity | 622.13M | 627.74M | -987.09M | -918.08M | 130.28M | 140.64M |
Cash Flow | ||||||
| Free Cash Flow | -33.14M | -32.53M | -74.41M | -97.42M | 9.34M | 6.19M |
| Operating Cash Flow | -30.18M | -30.87M | -69.96M | -92.62M | 16.21M | 12.70M |
| Investing Cash Flow | -44.99M | -45.81M | -4.45M | -43.33M | -6.87M | -6.51M |
| Financing Cash Flow | 345.09M | 368.33M | 80.28M | 113.93M | -49.30M | -2.56M |
Via Transportation, Inc. Class A Risk Analysis
Via Transportation, Inc. Class A disclosed 66 risk factors in its most recent earnings report. Via Transportation, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Via Transportation, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.74B | 22.30 | 84.51% | ― | 58.48% | 311.59% | |
69 Neutral | $515.71M | -13.00 | -19.29% | ― | 12.27% | 37.41% | |
69 Neutral | $1.64B | -117.86 | 38.58% | ― | 15.79% | -125.94% | |
61 Neutral | $13.75M | 14.07 | 9.01% | ― | 40.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | $1.65B | -16.67 | -48.82% | ― | 29.82% | -23.35% |
* General Sector Average
VIA
Via Transportation, Inc. Class A
21.36
-29.69
-58.16%
SPT
Sprout Social
8.63
-7.43
-46.26%
PRCH
Porch Group
15.76
-0.28
-1.75%
SWVL
Swvl
1.40
-2.52
-64.29%
DAVE
Dave
430.16
234.05
119.35%
Via Transportation, Inc. Class A Corporate Events
Business Operations and StrategyExecutive/Board Changes
Via Transportation names new Chief Legal Officer
Positive
Jul 10, 2026
Via Transportation, Inc. has announced that it will appoint Matt Levine as Chief Legal Officer effective July 27, 2026, bringing in his extensive experience from Clear Secure, Inc. and Success Academy Charter Schools to oversee the company’s...
Executive/Board ChangesShareholder Meetings
Via Stockholders Approve Directors and Auditor at 2026 Meeting
Neutral
May 21, 2026
Via Transportation, Inc. held its 2026 Annual Meeting of Stockholders on May 18, 2026, with approximately 74.65% of the company’s total voting power represented, ensuring a quorum for conducting corporate business. Stockholders voted on dire...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.