Via Transportation (VIA) financial statements
Via Transportation reported revenue of $434M in fiscal 2025, up 32.1% a year over 2 years.
Net income was -$96M and the operating margin -17.6%, against -46.0% in 2023.
Free cash flow was -$37M.
The diluted share count rose 171% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Via Transportation's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $249M | $338M | $434M |
| Cost of revenue | $149M | $207M | $263M |
| Gross profit | $99M | $131M | $172M |
| Research and development | $96M | $89M | $92M |
| Selling, general and admin | $118M | $126M | $156M |
| Operating income | -$114M | -$84M | -$77M |
| Interest expense | $653,000 | $4M | $7M |
| Pre-tax income | -$115M | -$89M | -$94M |
| Income tax | $2M | $2M | $3M |
| Net income | -$117M | -$90M | -$96M |
| EPS (diluted) | -$9.60 | -$7.21 | -$2.92 |
| Diluted shares | 12M | 13M | 33M |
| Gross margin | 39.9% | 38.8% | 39.6% |
| Operating margin | -46.0% | -24.8% | -17.6% |
| Net margin | -46.9% | -26.7% | -22.2% |
Balance sheet
Fiscal years, from Via Transportation's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $74M | $78M | $371M |
| Receivables | — | $74M | $82M |
| Total current assets | — | $163M | $470M |
| Property, plant and equipment | — | $11M | $13M |
| Goodwill | $162M | $160M | $192M |
| Total assets | — | $379M | $733M |
| Total current liabilities | — | $77M | $94M |
| Total liabilities | — | $172M | $105M |
| Shareholders' equity | -$919M | -$987M | $628M |
| Net debt | -$74M | -$78M | -$371M |
Cash flow
Fiscal years, from Via Transportation's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$93M | -$70M | -$31M |
| Capital spending | $5M | $4M | $6M |
| Free cash flow | -$97M | -$74M | -$37M |
| Stock-based compensation | $13M | $21M | $30M |
| Free cash flow margin | -39.1% | -22.0% | -8.5% |
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Open VIA in InvestinglyQuestions
What was Via Transportation's revenue in 2025?
$434M in fiscal 2025, from its 10-K filing.
How much free cash flow does Via Transportation generate?
-$37M in fiscal 2025 (operating cash flow minus capital spending).
From Via Transportation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.