Verra Mobility Corp-A 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 Commission File Number:001-37979VERRA MOBILITY CORPORATION(Exact name of registrant as specified in its charter) incorporation or organization)1150 North Alma School Road company,” and “emerging growth company” in Rule 12b‑2 of the Exchange Act:Large accelerated filer☒Accelerated filer Non-accelerated filer☐Smaller reporting companyEmerging growth company complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Exchange Act). YES☐NO☒ FORM 10-QFOR THE QUARTER ENDED MARCH 31, 2025 TABLE OF CONTENTS PART I—FINANCIAL INFORMATIONItem 1. Financial Statements Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 2 This Quarterly Report on Form 10-Q (this “Report”) contains forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, asamended (the “Exchange Act”). All statements contained in this Report other than statements of historical fact, includingstatements regarding our future operating results and financial position, our business strategy and plans, products, services,technology offerings, market conditions, growth and trends, expansion plans and opportunities, and our objectives for futureoperations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”“expect,” “could,” “would,” “project,” “plan,” “potentially,” “preliminary,” “likely” and similar expressions, and the negative of from those anticipated or implied in the forward-looking statements. Factors that could cause actual results to differ include therisks and uncertainties described in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year endedDecember 31, 2024 (our “Annual Report”), Part II, Item 1A. of this Quarterly Report, and in other filings with the Securities andExchange Commission (the “SEC”) which highlight, among other risks:•the impact of negative industry and macroeconomic conditions, including the impact of government actions and our business, financial condition and results of operations;•customer concentration in our Commercial Services and Government Solutions segments, including risks impactingthese segments such as travel demand and legislation, and risks relating to our contract with NYCDOT (defined below), which comprises a material portion of our revenue. We extended our current contract with NYCDOT throughDecember 31, 2025 to allow NYCDOT to continue to operate its automated enforcement program. On March 31, 2025,NYCDOT announced that it identified the Company as the vendor to manage New York City’s automated enforcementcamera safety programs for an expected five-year period after the Company’s current contract expires in December2025. The New York City automated enforcement program remains an active procurement. We are currently engagedin contract negotiations with NYCDOT and if the contract terms and pricing are materially different from our currentcontract, or if the parties ultimately fail to consummate a new agreement, it could have a material adverse effect on ourbusiness, financial condition and results of operations; •decreases in the prevalence or political acceptance of, or an increase in governmental restrictions regarding, automatedand other similar methods of photo enforcement, parking solutions or the use of tolling; •our ability to successfully implement our acquisition strategy or integrate acquisitions; •our ability to compete in a highly competitive and rapidly evolving market, including our ability to keep up withtechnological developments and changing customer preferences; •our ability to maintain effective internal controls over financial reporting; •failure in or breaches of our networks or systems, including as a result of cyber-attacks or other incidents; •our failure to acquire necessary intellectual property or adequately protect our intellectual property; •risks and uncertainties related to litigation and other disputes and regulatory investigations; and•our ability to manage our substantial level of indebtedness.You should not rely on forward-looking statements as predictions of future events. We operate in a very competitive andrapidly changing environment and new risks emerge from time to time. The forward-looking statements in this Report represent ourviews as of the date hereof. Except as may be required by law, we undertake no obligation to update any of these forward-lookingstatements for any reason or to conform these statements to actual results or revised expectations. 3 4Report refer to Verra Mobility Corporation, a Delaware corporation, and its subsidiaries ta