Via Transportation Q1 2026: Revenue +29% to $127M, but operating cash burn widens to $21M

Filed May 12, 2026 · Period ending March 31, 2026 · ~2 min read

Key Changes

• high

  Revenue grew 29% YoY to $127.4M driven by 23% customer growth (682→838) and existing-customer expansion. Platform ARR reached $510M, up 29% from $395M. U.S. and rest-of-world ex-Germany each grew 36%, but Germany revenue rose only 3%.

  MD&A: Revenue and Customer Growth verify on EDGAR →
• high

  Operating cash outflow widened to $21.2M from $5.6M YoY, driven by $20.1M net loss and $22.4M working-capital outflow (primarily $13.8M A/R increase from collection timing). Cash balance fell to $348M from $371M at year-end.

  MD&A: Operating Cash Flow verify on EDGAR →
• high

  Patent litigation with RideCo settled after appellate mediation; Via to receive undisclosed royalty payment for infringement. Final settlement agreement in negotiation; proceeds will be reflected in future financial results.

  Controls & Procedures: Patent Litigation verify on EDGAR →