Via Transportation Q1 2026: 29% revenue growth to $127.4M, operating loss widens post-IPO

Filed May 12, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Revenue grew 29% YoY to $127.4M driven by 23% customer growth to 838 (including 94 from Downtowner acquisition). U.S. revenue surged 36% while Germany slowed to 3% growth, signaling geographic divergence.

  MD&A: Revenue Performance verify on EDGAR →
• high

  Operating loss widened to $23.6M from $17.2M YoY despite revenue growth, as stock-based comp tripled to $15.6M post-IPO. Adjusted EBITDA margin improved 3pp to -5% as revenue outpaced opex growth.

  MD&A: Operating Results verify on EDGAR →
• high

  Operating cash outflow increased to -$21.2M from -$5.6M YoY, driven by $22.4M working capital usage (primarily $13.8M AR increase from collection timing). Cash position remains strong at $348M.

  MD&A: Cash Flow verify on EDGAR →