Via Transportation Inc. (NYSE: VIA) reported fourth‑quarter and full‑year 2025 financial results on February 27, 2026. Revenue for the quarter rose 30% year‑over‑year to $118.9 million, and platform annual run‑rate revenue reached $475.6 million, a 30% increase from the prior year. The company posted an adjusted earnings‑per‑share loss of $0.07, exactly matching analyst expectations, and a net loss of $21.9 million for the quarter.
Gross profit for Q4 was $46.9 million, and the adjusted EBITDA loss narrowed to $7.4 million, an improvement from the $8.9 million loss reported in Q4 2024. The adjusted EBITDA margin for the quarter improved to –6% from –10% in the same period, reflecting tighter operating leverage and better cost control. The company’s gross margin remained roughly 40% for the year, consistent with prior guidance.
Full‑year 2025 revenue totaled $434.3 million, up 29% from $337.6 million in 2024, and platform revenue matched the total revenue figure. Adjusted EBITDA for the year was a loss of $33.4 million, an 8‑point improvement over the prior year’s loss. The company guided 2026 full‑year revenue to $542.9 million–$545.1 million, a 25% year‑over‑year increase, and adjusted EBITDA loss guidance to $12.5 million–$7.5 million, correcting the earlier margin‑based guidance reported in the original article.
CEO Daniel Ramot said, “We have surpassed our fourth‑quarter and annual guidance across all key metrics. As we look ahead to 2026, our continued focus on innovation will be a key driver of our success.” He added that the company is embedding AI across its platform to automate workflows and generate deeper insights for customers, reinforcing its position as a category leader in public‑transit technology.
Investors remained cautious after the results, focusing on the company’s path to profitability. While the earnings beat expectations on revenue and EPS, the continued adjusted EBITDA loss and the need to achieve profitability in Q4 2026 kept market sentiment subdued.
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