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Financial statements

Via Transportation, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Via Transportation, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2023FY2025FY2025
Revenue249338434
Cost of revenue149207263
Gross profit99.4131172
Research and development95.88992.4
Selling and marketing53.855.567.4
General and administrative64.270.388.6
Operating expenses214215248
Operating income-114-83.9-76.6
Interest expense0.654.297.34
Interest income3.62.25.27
Other non-operating income-3.64-2.67-4.2
Pre-tax income-115-88.7-93.8
Income tax1.821.892.52
Net income to minority interests-0.28-0.270
Net income-117-90.3-96.4
EBITDA-111-80.4-72.7
EPS, basic-9.60-7.21-2.92
EPS, diluted-9.60-7.21-2.92
Shares, basic (weighted)12.212.532.9
Shares, diluted (weighted)12.212.532.9

Balance sheet

FY2023FY2025FY2025
Cash and equivalents73.677.9371
Receivables73.881.6
Other current assets11.517.1
Total current assets163470
Property, plant and equipment11.213.4
Lease right-of-use assets15.218.3
Goodwill162160192
Intangible assets26.336
Other non-current assets1.241.8
Total assets379733
Accounts payable3.924.43
Accrued liabilities17.823.3
Deferred revenue22.626.9
Total current liabilities76.594.2
Lease liabilities7.269.38
Total liabilities172105
Paid-in capital1091,811
Retained earnings-1,095-1,191
Other comprehensive income-1.587.7
Shareholders' equity-987628
Minority interests-0.760
Total equity-919-988628
Total liabilities and equity379733
Shares outstanding12.70

Cash flow statement

FY2023FY2025FY2025
Net income-117-90.6-96.4
Depreciation and amortization3.13.53.9
Stock-based compensation13.121.230.3
Deferred income tax0.170.220.59
Change in receivables-14.4-15.6-1.7
Change in payables2.23-2.71-0.32
Cash from operations-92.6-70-30.9
Capital expenditures-2.52-1.08-1.66
Acquisitions-38.50-39.9
Cash from investing-43.3-4.45-45.8
Stock issued3.582.8313.7
Cash from financing11480.3368
Exchange rate effect2.25-0.481.45
Net change in cash-19.85.39293
Free cash flow-95.1-71-32.5
Interest paid0.282.792.78
Income taxes paid1.181.53.42

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $29.41 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin39.8%Gross profit / revenue.
Operating margin-18.0%Operating income / revenue.
EBITDA margin-17.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-19.7%Pre-tax income / revenue.
Net margin-20.0%Net income / revenue.
FCF margin-8.6%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-8.3%Cash from operations / revenue.
Return on equity (ROE)-15.9%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-13.7%Net income / average total assets.
Return on invested capital (ROIC)-24.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue20.1%Research and development expense / revenue.
Stock-based pay / revenue10.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.3%Capital expenditures / revenue.
D&A / revenue0.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y28.6%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y31.3%Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y93.5%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y163.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio5.05xCurrent assets / current liabilities.
Quick ratio4.85x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio3.70x(Cash + short-term investments) / current liabilities.
Liabilities / assets13.9%Total liabilities / total assets.
Interest coverage-29.3xOperating income / interest expense.
Working capital$367.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets31.1%(Goodwill + intangible assets) / total assets.
Tangible book value$394.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.68xRevenue / average total assets.
Fixed asset turnover30.6xRevenue / average property, plant and equipment.
Receivables turnover4.70xRevenue / average receivables.
Days sales outstanding78 days365 x average receivables / revenue.
Days payables7 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.21Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$6.05Revenue / diluted weighted shares.
FCF per share-$0.52Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.50Cash from operations / diluted weighted shares.
Book value per share$7.60Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$4.85Tangible book value / shares outstanding.
Cash per share$4.13(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$2.40BShare price x shares outstanding.
Enterprise value$2.06BMarket cap + total debt - cash - short-term investments.
P/S4.88xMarket cap / revenue.
P/B3.88xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book6.07xMarket cap / tangible book value, when positive.
EV/Sales4.19xEnterprise value / revenue.
FCF yield-1.8%Free cash flow / market cap.
Earnings yield-4.1%Net income / market cap (the inverse of P/E).
What was Via Transportation, Inc.'s revenue in fiscal 2025?

Via Transportation, Inc. reported revenue of $434.3M for fiscal 2025, 28.6% higher than the year before.

Was Via Transportation, Inc. profitable in fiscal 2025?

No. It reported a net loss of $96.4M.

How much free cash flow did Via Transportation, Inc. generate in fiscal 2025?

Cash from operations of $30.9M minus capital expenditures of $1.7M left free cash flow of -$32.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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