Verra Mobility Showcases Growth Strategy and Financial Performance in Investor Presentation
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Verra Mobility Corporation showcased its growth strategy and financial performance at the CJS Securities 26th Annual New Ideas Conference. The company reported total revenue of $943 million and adjusted EBITDA of $416 million, with a 44% margin. Service revenue constituted 94% of total revenue, indicating a recurring revenue model. Free cash flow reached $153 million, with a 37% conversion rate. Over the past five years, Verra invested $1.2 billion in M&A and returned $525 million through share buybacks, serving over 2,300 customers globally, primarily in North America.
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