Verra Mobility Corp-2025年季度报告

VERRA MOBILITY CORPORATION Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ VERRA MOBILITY CORPORATION FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2025 PART I—FINANCIAL INFORMATION Item 1. Financial StatementsCondensed Consolidated Balance SheetsCondensed Consolidated Statements of Operations and Comprehensive IncomeCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to the Condensed Consolidated Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and Procedures Cautionary Note Regarding Forward-Looking Statements 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 future The future events and trends discussed in this Report may not occur and actual results could differ materially and adverselyfrom 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 andregulations, such as tariffs and trade protection measures, on our customers or us may materially and adversely impact •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; •our reliance on specialized third-party providers; •risks and uncertainties related to our government contracts, including legislative changes, termination rights, delays inpayments, audits and investigations; •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