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NYSE: VIA Via Transportation, Inc. 8-K

Via reports Q1 revenue of $127M, surpasses $500M annual run-rate, targets Q4 profitability

Filed May 12, 2026 · Period ending May 12, 2026 · ~1 min read

5 key changes 3 high relevance 1 section

Key Changes

high

Q1 2026 revenue of $127M grew 29% year-over-year, with Annual Run-Rate Revenue reaching $510M (up 29%), surpassing $500M for the first time. Customer count increased 23% to 838.

Exhibit 99.1 view on EDGAR →
high

Adjusted EBITDA loss narrowed to negative $5.8M from negative $8.3M in Q1 2025. Company projects Q4 2026 positive Adjusted EBITDA, marking profitability milestone.

Exhibit 99.1 view on EDGAR →
high

Full-year 2026 guidance: Platform Revenue of $547M-$550M (26.0%-26.6% growth), Adjusted EBITDA of negative $12.5M to negative $7.5M. Q2 revenue expected at $132.5M-$134M.

Exhibit 99.1 view on EDGAR →
medium

Cash and cash equivalents of $348M as of March 31, 2026, down from $371M at year-end 2025. Operating cash use increased to $21.2M from $5.6M in Q1 2025.

Exhibit 99.1 view on EDGAR →
medium

Adjusted Net Loss improved 56% to $3.8M ($0.05 per share) from $8.6M ($0.68 per share) in Q1 2025, demonstrating operating leverage as the company scales.

Exhibit 99.1 view on EDGAR →

Summary

Via Transportation reported first quarter 2026 results showing strong revenue growth and meaningful progress toward profitability. The company's revenue of $127 million grew 29% year-over-year, with Annual Run-Rate Revenue surpassing $500 million for the first time at $510 million. The customer base expanded 23% to 838, driven by 36% revenue growth in the United States.

Most significantly, Via narrowed its Adjusted EBITDA loss to $5.8 million from $8.3 million in the prior-year quarter and projects achieving positive Adjusted EBITDA in Q4 2026.

The company's full-year 2026 guidance calls for Platform Revenue of $547 million to $550 million (26% growth) and Adjusted EBITDA of negative $12.5 million to negative $7.5 million, implying substantial improvement in the second half as Via reaches its profitability target. With $348 million in cash and improving unit economics—Adjusted Net Loss per share improved 93% to $0.05 from $0.68—Via appears positioned to reach its Q4 profitability milestone. The increased operating cash use of $21.2 million in Q1 reflects scaling investments ahead of the profitability inflection point.

Section-by-Section Diff

Event · Exhibit 99.1

~4,000 words View exhibit on EDGAR ↗

3 Added

Added Q1 2026 earnings and profitability progress high

Added in current filing · view on EDGAR →

Q1 revenue of $127 million and Annual Run-Rate Revenue of $510 million, up 29% year-over-year.

•Continued strength in the United States with 36% year-over-year revenue growth.

•Q1 Customer count of 838, an increase of 23% year-over-year.

•Continued progress towards profitability with Adjusted EBITDA of negative $5.8 million.

•Cash and cash equivalents of $348 million as of March 31, 2026.

Via reported first quarter 2026 revenue of $127 million, representing 29% year-over-year growth, with Annual Run-Rate Revenue surpassing $500 million for the first time at $510 million. The company narrowed its Adjusted EBITDA loss to negative $5.8 million from negative $8.3 million in Q1 2025, demonstrating progress toward profitability. Customer count grew 23% year-over-year to 838, and the company held $348 million in cash and cash equivalents as of March 31, 2026.

Added Q2 and FY 2026 guidance high

Added in current filing · view on EDGAR →

Q2 2026 FY 2026

($ in millions)

Platform Revenue $132.5 - $134.0 $547.0 - $550.0

YoY Growth % 23.7% - 25.1% 26.0% - 26.6%

Adjusted EBITDA (1) ($4.0) - ($3.0) ($12.5) - ($7.5)

Adjusted EBITDA Margin (1) (3.0)% - (2.2)% (2.3)% - (1.4)%

Profitability Q4 2026 Adj. EBITDA > $0

Via issued guidance for Q2 2026 Platform Revenue of $132.5 million to $134.0 million (23.7% to 25.1% year-over-year growth) and full-year 2026 Platform Revenue of $547.0 million to $550.0 million (26.0% to 26.6% growth). The company expects Q2 Adjusted EBITDA of negative $4.0 million to negative $3.0 million and full-year Adjusted EBITDA of negative $12.5 million to negative $7.5 million. Notably, Via projects achieving positive Adjusted EBITDA in Q4 2026, marking a profitability milestone.

Added Q1 2026 financial performance details high

Added in current filing · view on EDGAR →

Q1 2026 Q1 2025 Change

(in thousands, except percentages and customer count)

Adjusted Gross Profit (3) $ 50,725 $ 40,390 26 %

Adjusted Gross Margin (3) 40 % 41 % (1) pt

Adjusted EBITDA (3) $ (5,809) $ (8,263) (30) %

Adjusted EBITDA Margin (3) (5) % (8) % 3 pts

Net Loss $ (20,149) $ (16,317) 23 %

Adjusted Net Loss (3) $ (3,771) $ (8,613) (56) %

Net Loss per Share—Basic and Diluted $ (0.25) $ (1.28) (80) %

Adjusted Net Loss per Share—Basic and Diluted (3) $ (0.05) $ (0.68) (93) %

Via's Q1 2026 revenue of $127.4 million grew 29% year-over-year from $98.6 million, with gross profit of $50.1 million (26% growth). Adjusted Gross Margin was 40%, down one percentage point from 41% in Q1 2025. The company reported a GAAP net loss of $20.1 million, or $0.25 per share, compared to a net loss of $16.3 million, or $1.28 per share, in Q1 2025. Adjusted Net Loss improved 56% to $3.8 million, or $0.05 per share, from $8.6 million, or $0.68 per share, in the prior-year quarter.

View original filing on SEC.gov Press release (Ex 99.1) on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Jul 14, 2026 · How we verify