Via Transportation Posts 27% Revenue Gain in H1 2025, Advances NY IPO Plans

Transit-tech firm Via Transportation reported a 27% revenue increase in the first half of 2025, with a net loss of $37.5 million on $205.8 million in revenue. Founded in 2012, the company develops technology for public transit systems in hundreds of cities across 30 countries. Via plans to list its shares on the NYSE under the ticker symbol "VIA" with Goldman Sachs, Morgan Stanley, and Wells Fargo as lead underwriters.

Title: Via Transportation Reports 27% Revenue Increase in H1 2025

Transit-tech firm Via Transportation reported a 27% revenue increase in the first half of 2025, with a net loss of $37.5 million on $205.8 million in revenue. Founded in 2012, the company develops technology for public transit systems in hundreds of cities across 30 countries. Via plans to list its shares on the NYSE under the ticker symbol "VIA" with Goldman Sachs, Morgan Stanley, and Wells Fargo as lead underwriters [1].

The company, based in New York, posted a net loss of $37.5 million on revenue of $205.8 million for the six months ended June 30, 2025, compared to a net loss of $50.4 million on $162.6 million in revenue a year earlier [1]. The revenue increase was driven by growth in North America and Europe, where the majority of its clients are located.

Via's technology supports public transportation networks in hundreds of cities in more than 30 countries. As of June 30, 2025, the company had 689 customers, up 8% compared to the six months ending June 30, 2024 [1]. The company noted that upon completion of the public offering, all shares of Class B common stock will be held by its Chairman and Chief Executive Officer, Daniel Ramot [1].

The company has filed with the U.S. Securities and Exchange Commission for an initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined [1]. The company plans to list its shares on the NYSE under the ticker symbol "VIA" [1].

Proceeds from the offering will be used for general corporate purposes, including expansion into new markets and increased investment in sales and marketing [1]. The successful debuts of several high-profile companies have further energized the IPO market, which has rebounded strongly following a slowdown in April caused by tariff-driven volatility [1].

Via Transportation's revenue growth and plans for an IPO reflect the increasing demand for technology solutions in the public transit sector. The company's technology supports a wide range of clients, including municipalities, transit agencies, transport operators, school districts, universities, and corporations [1].

References:
[1] https://www.reuters.com/business/transit-tech-firm-via-reveals-revenue-gains-us-ipo-filing-2025-08-15/
[2] https://stocktwits.com/news-articles/markets/equity/via-transportation-files-to-go-public-through-nyse-listing/chsPwG1Rdfu