Via Transportation, Inc. Class A (VIA)
NYSE:VIA
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Via Transportation, Inc. Class A
(NYSE:VIA)
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Rating:52Neutral
Price Target:
$17.00
▼(-2.58% Downside)
Action:Reiterated
Date:05/12/26
The score is held back primarily by ongoing losses and persistent negative operating/free cash flow despite strong revenue growth and an improved balance sheet. Offsetting factors include constructive earnings-call momentum (raised revenue guidance and improving adjusted EBITDA trend), a modestly positive technical backdrop, and a low P/E valuation.
Positive Factors
Strong revenue growth and run-rate
Sustained high-single-digit to double-digit top-line growth and a >$500M run-rate reflect broad adoption of Via’s platform. Durable revenue scale supports operating leverage, recurring contract economics, and a larger base to amortize fixed costs as the company pursues sustained profitability.
Negative Factors
Persistent negative operating and free cash flow
Ongoing cash consumption despite revenue growth raises structural funding risk: continued negative operating/free cash flow may force future capital raises or constrain reinvestment. If profitability pacing slips, dilution or curtailed growth investments could follow, harming long-term trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and run-rate
Sustained high-single-digit to double-digit top-line growth and a >$500M run-rate reflect broad adoption of Via’s platform. Durable revenue scale supports operating leverage, recurring contract economics, and a larger base to amortize fixed costs as the company pursues sustained profitability.
Read all positive factors
Via Transportation, Inc. Class A (VIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.15B
Dividend YieldN/A
Average Volume (3M)799.87K
Price to Earnings (P/E)8.3
Beta (1Y)2.25
Revenue Growth29.82%
EPS Growth-23.35%
CountryUS
Employees973
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.85
Shares Outstanding77,390,570
10 Day Avg. Volume521,368
30 Day Avg. Volume799,874
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 Cap1.12
Enterprise Value/Revenue2.78
Enterprise Value/Gross Profit7.11
Enterprise Value/Ebitda-14.98
Forecast
1Y Price Target
$33.00Price Target Upside89.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$548.76M
Via Transportation, Inc. Class A Business Overview & Revenue Model
Company Description
Via Transportation, Inc. provides a digital public transportation system platform in the United States, Germany, and internationally. It develops and operates TransitTech, a public mobility platform that enables partners to create end-to-end trans...
How the Company Makes Money
Via Transportation, Inc.’s detailed revenue model for the specific security “Via Transportation, Inc. Class A (VIA)” is null because publicly verifiable, security-specific revenue breakdowns and monetization details for that exact ticker/class cou...
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 | -86.04M | -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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $3.08B | 10.09 | 84.53% | ― | 58.48% | 311.59% | |
67 Neutral | $393.54M | -13.43 | -19.29% | ― | 12.27% | 37.41% | |
63 Neutral | $1.13B | -40.34 | 32.36% | ― | 13.03% | 7.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $1.15B | 8.30 | -114.52% | ― | 29.82% | -23.35% | |
51 Neutral | $17.34M | 15.44 | 14.50% | ― | 40.45% | ― |
* Technology Sector Average
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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.