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Via Transportation, Inc. Class A
(NYSE:VIA)
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Rating:56Neutral
Price Target:
$18.00
▲(3.15% Upside)
Action:Reiterated
Date:06/27/26
The score is held back primarily by weak financial performance (ongoing losses and negative free cash flow), despite an improved 2025 balance sheet. Offsetting this, technical signals show positive trend and momentum, and the earnings call conveyed strong growth with raised revenue guidance and a clearer (though still unproven) path toward adjusted EBITDA breakeven. Valuation remains difficult to support with a negative P/E and no dividend.
Positive Factors
Revenue & Pipeline Growth
Sustained top-line expansion and a record $510M run rate plus a growing customer base indicate durable demand and sales momentum. A large $650M pipeline (reported separately) implies multi‑period revenue visibility, supporting mid‑term revenue scaling independent of short-term seasonality.
Negative Factors
Persistent Losses & Cash Burn
Ongoing negative operating and free cash flow alongside large operating losses means the business must sustain rapid revenue growth or draw on capital to fund operations. Continued cash burn raises funding and execution risk until adjusted EBITDA turns sustainably positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Pipeline Growth
Sustained top-line expansion and a record $510M run rate plus a growing customer base indicate durable demand and sales momentum. A large $650M pipeline (reported separately) implies multi‑period revenue visibility, supporting mid‑term revenue scaling independent of short-term seasonality.
Read all positive factors
Via Transportation, Inc. Class A (VIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.54B
Dividend YieldN/A
Average Volume (3M)900.21K
Price to Earnings (P/E)―
Beta (1Y)1.78
Revenue Growth29.82%
EPS Growth-23.35%
CountryUS
Employees973
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.22
Shares Outstanding77,449,690
10 Day Avg. Volume1,096,209
30 Day Avg. Volume900,213
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 Cap0.53
Enterprise Value/Revenue1.77
Enterprise Value/Gross Profit4.52
Enterprise Value/Ebitda-9.75
Forecast
1Y Price Target
$31.50Price Target Upside80.52% 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. 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $4.87B | 22.93 | 84.51% | ― | 58.48% | 311.59% | |
69 Neutral | $480.24M | -12.11 | -19.29% | ― | 12.27% | 37.41% | |
64 Neutral | $1.75B | -107.97 | 32.36% | ― | 13.03% | 7.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $1.54B | -15.54 | -48.82% | ― | 29.82% | -23.35% | |
46 Neutral | $14.15M | 14.48 | 14.50% | ― | 40.45% | ― |
* Technology Sector Average
VIA
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Via Transportation, Inc. Class A Corporate Events
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.