Verra Mobility Corp - Class A

Verra Mobility Corporation (NASDAQ: VRRM) provides smart mobility technology solutions across three operating segments.

- **Commercial Services:** Automated toll and violations management plus title and registration services for rental car companies, fleet management companies and other large fleet owners. Revenue comes from processing tolls, violations and registrations. The segment is highly concentrated in a few large rental car customers. Avis Budget Group's contract is being terminated effective January 30, 2027. Hertz renewed for five years on less favorable terms. Enterprise Mobility's contract expires September 30, 2027.
- **Government Solutions:** Automated safety programs for municipalities, school districts and government agencies, including photo enforcement cameras for speed, red-light, school bus and city bus lane violations. A large contract with the New York City Department of Transportation makes up a material portion of revenue. The company has also been selected by the City of Los Angeles for California's largest speed safety program.
- **Parking Solutions:** Integrated parking software, transaction processing and hardware for universities, municipalities, parking operators, healthcare facilities and transportation hubs in the U.S. and Canada.

Most revenue is recurring and earned monthly under long-term contracts. The company operates in the United States, Australia, Europe and Canada. It is undergoing a leadership transition, with a new CEO starting November 2026 and an interim CFO. Updated Oct 30, 2026