Via Transportation, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
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Third-party market data · may be delayed
Not valued: the figures our models need are missing or failed our data-quality checks.
No model value: limited reported history: available models are shown without a Buy/Hold/Sell rating. How we value companies.
Via Transportation, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $492m. Free-cash-flow margin held at -8.6%. It passes 2 of our 3 financial-health checks.
Our models give no value for Via Transportation at present, so past values are not shown.
Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Via Transportation, Inc.'s trailing-twelve-month revenue grew 29.1% year on year, with a free-cash-flow margin of -8.6%.
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 50% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
We value Via Transportation, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.1 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no revenue, margin or share count to start from |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no positive consensus earnings for next year |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no consensus revenue for next year |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Via Transportation, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2025 |
|---|---|
| Share price | $29.01 |
| Market value | $956m |
| + Net debt (− = net cash) | −$371m |
| Enterprise value | $585m |
| Multiples | |
| Price / sales | 2.2x |
| Price / earnings | — |
| Price / free cash flow | — |
| EV / EBITDA | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Next results: November 9, 2026, before the open. Analysts expect revenue of $138m and EPS of −$0.03 (range −$0.03 to −$0.02) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.04 | +96% | $552m | +27% |
| Next | $0.39 | +1200% | $675m | +22% |
Next year's EPS estimate has moved −31.4% in 90 days, across 10 analysts.
The consensus EPS forecast for the current fiscal year is +8.3% on 90 days ago. In the last 30 days, 0 analysts raised Via Transportation, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.03 | $0.56 |
| 60 days ago | −$0.03 | $0.44 |
| 30 days ago | −$0.03 | $0.43 |
| 7 days ago | −$0.04 | $0.40 |
| Now | −$0.04 | $0.39 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$0.02 | −$0.01 | +50.0% |
| Mar 2026 | −$0.06 | −$0.05 | +16.7% |
| Sept 2025 | −$0.46 | −$0.39 | +15.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| VIA | +26% |
| Industry peers (median) | −14% |
| S&P 500 | +11% |
| Months that ended higher | |
| VIA | 73% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| VIA | −54% |
| S&P 500 | −9% |
Worst fall since September 12, 2025: 75% from November 3, 2025 to May 13, 2026. Getting back needed a 305% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | +4.0% | +0.5% | +23.4% | +31.7% |
| May 12, 2026 | −21.4% | +0.4% | −17.1% | −12.8% |
| February 27, 2026 | −2.3% | −0.4% | +2.5% | −25.0% |
| November 13, 2025 | −13.1% | −1.7% | −26.7% | −42.0% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY25 Q2 | $380.8M |
| FY25 Q3 | $407.1M |
| FY25 Q4 | $434.3M |
| FY26 Q1 | $463.1M |
| FY26 Q2 | $491.7M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY25 Q2 | -18.6% |
| FY25 Q3 | -17.0% |
| FY25 Q4 | -17.6% |
| FY26 Q1 | -17.9% |
| FY26 Q2 | -18.0% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY25 Q3 | -12.2% |
| FY25 Q4 | -7.5% |
| FY26 Q1 | -10.4% |
| FY26 Q2 | -8.6% |
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 249 | 338 | 434 | 492 |
| Gross profit | 99 | 131 | 172 | 196 |
| EBITDA | −111 | −80 | −73 | −85 |
| Operating income | −114 | −84 | −77 | −89 |
| Net income | −117 | −90 | −96 | −99 |
| Diluted EPS | −$9.60 | −$7.21 | −$2.92 | — |
| Growth (year on year) | ||||
| Revenue | — | +35.7% | +28.6% | +29.1% |
| Margins | ||||
| Gross margin | 39.9% | 38.8% | 39.6% | 39.8% |
| EBITDA margin | −44.7% | −23.8% | −16.7% | −17.2% |
| Operating margin | −46.0% | −24.8% | −17.6% | −18.0% |
| Net margin | −46.9% | −26.7% | −22.2% | −20.0% |
| Free-cash-flow margin | −38.2% | −21.0% | −7.5% | −8.6% |
| Cash flow | ||||
| Cash from operations | −93 | −70 | −31 | −41 |
| Capital spending | 3 | 1 | 2 | 1 |
| Free cash flow | −95 | −71 | −33 | −42 |
| Stock-based pay | 13 | 21 | 30 | 53 |
| Free cash flow after stock pay | −108 | −92 | −63 | −95 |
| Balance sheet | ||||
| Cash | 74 | 78 | 371 | 336 |
| Total debt | 0 | 35 | 0 | 0 |
| Net debt (negative = net cash) | −74 | −43 | −371 | −336 |
| Diluted shares | 12m | 13m | 33m | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 83 | 92 | 99 | 107 | 110 | 119 | 127 | 136 |
| Gross profit | 32 | 37 | 40 | 42 | 43 | 47 | 50 | 56 |
| EBITDA | −20 | −16 | −16 | −15 | −18 | −23 | −23 | −21 |
| Operating income | −21 | −17 | −17 | −16 | −19 | −24 | −24 | −22 |
| Net income | −21 | −19 | −16 | −21 | −37 | −22 | −20 | −20 |
| Diluted EPS | −$0.85 | −$0.74 | −$0.64 | −$0.82 | −$1.49 | $1.51 | −$0.25 | −$0.24 |
| Growth (year on year) | ||||||||
| Revenue | — | — | — | — | +31.6% | +29.7% | +29.2% | +26.7% |
| Margins | ||||||||
| Gross margin | 38.4% | 40.3% | 40.4% | 39.2% | 39.3% | 39.5% | 39.3% | 41.0% |
| EBITDA margin | −23.9% | −17.5% | −16.4% | −14.2% | −16.3% | −19.7% | −17.7% | −15.3% |
| Operating margin | −24.8% | −18.4% | −17.5% | −15.0% | −17.2% | −20.5% | −18.5% | −16.0% |
| Net margin | −25.6% | −20.5% | −16.5% | −19.8% | −33.6% | −18.4% | −15.8% | −14.4% |
| Free-cash-flow margin | — | −19.5% | −6.1% | −15.8% | −8.1% | −0.7% | −16.9% | −8.1% |
| Cash flow | ||||||||
| Cash from operations | — | −18 | −6 | −16 | −9 | −0 | −21 | −11 |
| Capital spending | — | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Free cash flow | — | −18 | −6 | −17 | −9 | −1 | −21 | −11 |
| Stock-based pay | 5 | 5 | 5 | 5 | 7 | 14 | 16 | 16 |
| Free cash flow after stock pay | — | −23 | −11 | −22 | −15 | −15 | −37 | −27 |
| Last 12 months unless stated | VIA | PD | MSTR | PAR | SPT | CLBT | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $492m | $495m | $495m | $497m | $482m | $476m | $487m |
| Revenue growth, last 12 months | 29.1% | 2.3% | 4.2% | 18.8% | 11.8% | 18.6% | 12.0% |
| Revenue growth, 3-year average | — | 6.8% | −0.6% | 23.0% | 18.5% | — | 11.1% |
| Revenue growth, latest quarter | 26.7% | 0.8% | −2.5% | 18.7% | 10.8% | — | 11.9% |
| Gross margin | 39.8% | 84.8% | 67.8% | 42.2% | 77.4% | 84.2% | 69.2% |
| Operating margin | −18.0% | 6.5% | <−999% | −12.6% | −5.9% | 14.0% | 1.1% |
| Operating margin, 3-year average | — | −6.7% | −593.7% | −18.9% | −12.6% | — | −0.8% |
| Net margin | −20.0% | 37.2% | <−999% | −14.5% | −6.1% | 16.5% | 1.6% |
| Cash from operations / revenue | −8.3% | 26.6% | −1.5% | −2.6% | 11.2% | 36.5% | 18.1% |
| Free-cash-flow margin | −8.6% | 25.6% | −2.2% | −3.2% | 10.5% | 33.7% | 14.9% |
| Free-cash-flow margin, 3-year average | — | 24.0% | −8.4% | −7.4% | 6.2% | — | 16.2% |
| Stock pay / revenue | 10.7% | 16.3% | 10.3% | 5.9% | 15.1% | 9.4% | 9.3% |
| Change in share count | — | −6.1% | 22.3% | 6.3% | 3.2% | 19.3% | 2.2% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $310M | 71.3% | ▲ 40.1% |
| Germany | $83.5M | 19.2% | ▲ 6.4% |
| Other Geographical Areas | $41.1M | 9.5% | ▲ 8.0% |
From Via Transportation, Inc.'s 10-K filed March 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Exor N.V. | $256M | 14.1M | 30.7% | 0.0% |
| Blackrock, Inc. | $57M | 3.1M | 6.8% | ▲ 358.2% |
| Ion Crossover Partners Ltd | $51.6M | 2.8M | 6.2% | ▲ 63.1% |
| Gilder Gagnon Howe & Co LLC | $46.7M | 2.6M | 5.6% | ▲ 67.1% |
| Wellington Management Group LLP | $45.1M | 2.5M | 5.4% | ▲ 0.3% |
| FMR LLC | $36.2M | 2.0M | 4.3% | ▲ 477.5% |
| Capital World Investors | $33.1M | 1.8M | 4.0% | ▲ 3.8% |
| Vanguard Portfolio Management LLC | $32.7M | 1.8M | 3.9% | ▲ 275.5% |
| Koch, Inc. | $30.8M | 1.7M | 3.7% | 0.0% |
| Vanguard Capital Management LLC | $25.4M | 1.4M | 3.0% | ▲ 185.5% |
| Principal Financial Group Inc | $19.3M | 1.1M | 2.3% | ▼ 1.8% |
| Adage Capital Partners Gp, L.L.C. | $18.3M | 1.0M | 2.2% | ▲ 22.2% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Via Transportation, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Peres Nechemia Jacob Director | August 11, 2026 | Buy | 10,080 | $24.74 | $249,379 |
| Dinur Arnon Director | August 10, 2026 | Buy | 40,000 | $22.25 | $890,000 |
| Dinur Arnon Director | August 10, 2026 | Buy | 4,780 | $22.80 | $108,984 |
| Ramot Daniel Chief Executive Officer | June 16, 2026 | Buy pre-set plan | 3,571 | $14.00 | $49,994 |
| Fain Clara Chief Financial Officer | June 16, 2026 | Buy pre-set plan | 714 | $14.00 | $9,996 |
| Ramot Daniel Chief Executive Officer | June 12, 2026 | Buy pre-set plan | 3,333 | $14.94 | $49,795 |
| Fain Clara Chief Financial Officer | June 12, 2026 | Buy pre-set plan | 666 | $15.00 | $9,990 |
| Peres Nechemia Jacob Director | June 9, 2026 | Buy | 25,000 | $14.70 | $367,500 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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