Verra Mobility Corp-A 2025年度报告

VERRA MOBILITY CORPORATION Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. Large accelerated filer☒Accelerated filerNon-accelerated filer☐Smaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting and non‑voting common equity held by non‑affiliates of the registrant on June 30, 2025, the last business day of theregistrant’s most recently completed second fiscal quarter, computed by reference to the closing price reported on the Nasdaq Capital Market on such date was$4,018,079,851 (158,254,425 shares at a closing price per share of $25.39). As of February 19, 2026, the registrant had 151,361,959 shares of Class A Common Stock, par value$0.0001 per share, issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s proxy statement to be filed in connection with its annual meeting of stockholders to be held May 19, 2026 are incorporated by referenceinto Part III of this Form 10-K. VERRA MOBILITY CORPORATION FORM 10-KFor the Fiscal Year Ended December 31, 2025INDEXPART I5Item 1. Business5Item 1A. Risk Factors11Item 1B. Unresolved Staff Comments33Item 1C. Cybersecurity34Item 2. Properties35Item 3. Legal Proceedings36Item 4. Mine Safety Disclosures36PART II37Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities37Item 6. [Reserved]39Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item 7A. Quantitative and Qualitative Disclosures About Market Risk54Item 8. Financial Statements and Supplementary Data55Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure94Item 9A. Controls and Procedures94Item 9B. Other Information95Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections95PART III96Item 10. Directors, Executive Officers and Corporate Governance96Item 11. Executive Compensation96Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters96Item 13. Certain Relationships and Related Transactions, and Director Independence96Item 14. Principal Accountant Fees and Services96PART IV97Item 15. Exhibit and Financial Statement Schedules97Item 16. Form 10-K Summary102SIGNATURES103POWER OF ATTORNEY104Appendix A, Schedule II105 Unless the context indicates otherwise, the terms “Verra Mobility,” the “Company,” “we,” “us,” and “our” as used in thisAnnu