Verra Mobility (NASDAQ: VRRM) reported third-quarter 2026 revenue of $258.9 million, down 1% from $261.9 million a year earlier. Net income was $40.4 million, or $0.27 per diluted share, compared with $46.8 million, or $0.29 per diluted share, in the prior-year quarter.
The company reaffirmed its 2026 financial guidance and announced Matthew Kvarda as interim chief financial officer, effective November 5. Verra Mobility also said it terminated its Avis Budget Group contract effective January 30, 2027.
- Government Solutions revenue rose 12% to $136.8 million; Commercial Services revenue fell 14% to $100.3 million.
- Parking Solutions revenue declined 2% to $21.7 million.
- Operating cash flow totaled $114.5 million, versus $77.7 million in the prior-year quarter.
- Cash and cash equivalents were $137.0 million as of September 30, while total debt, net, was $1.033 billion.
- Full-year 2026 revenue guidance remains $945 million to $965 million.
$VRRM Hedge Fund Activity
We have seen 167 institutional investors add shares of $VRRM stock to their portfolio, and 201 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ removed 9,332,643 shares (-97.5%) from their portfolio in Q2 2026, for an estimated $39,663,732
- AMERIPRISE FINANCIAL INC added 8,579,902 shares (+1168.0%) to their portfolio in Q2 2026, for an estimated $36,464,583
- BLACKROCK, INC. added 4,793,197 shares (+19.8%) to their portfolio in Q2 2026, for an estimated $20,371,087
- SNYDER CAPITAL MANAGEMENT L P removed 3,820,007 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $16,235,029
- MILLENNIUM MANAGEMENT LLC added 3,800,460 shares (+466.0%) to their portfolio in Q2 2026, for an estimated $16,151,955
- D. E. SHAW & CO., INC. added 3,691,303 shares (+168.7%) to their portfolio in Q2 2026, for an estimated $15,688,037
- WELLINGTON MANAGEMENT GROUP LLP removed 3,599,426 shares (-65.8%) from their portfolio in Q2 2026, for an estimated $15,297,560
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
