What were the key takeaways from Via Transportation’s earnings call?

What guidance did Via Transportation's management provide for the next earnings period?

What were the key takeaways from Via Transportation's earnings call?

What does Via Transportation do and what are its main business segments?

What is Via Transportation's latest dividend and current dividend yield?

What is the market's earnings forecast for Via Transportation next quarter?

Did Via Transportation beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Via Transportation year over year?

- **32% Revenue Growth**: Q3 2025 platform revenue of $109.75M, up 32% YoY, driven by 42% U.S. expansion and 34% government business growth.
- **17x Customer Expansion**: Mobile, AL account revenue grew 17x over 1.5 years through microtransit and network redesign.
- **Waymo Partnership**: Chandler, AZ integrating Waymo AVs into microtransit, with Europe expansion plans.
- **Gross Margin Target**: 50% through third-party services, software upsells, and M&A.
- **AI Innovation**: City-specific LLM for transit planning, real-time dispatch optimization, and 2x student transportation customer growth.

**【CEO Summary Section】**
- Q3 2025 revenue grew 32% YoY to $439M annual run rate, driven by 34% growth in government business and 42% U.S. revenue expansion.
- 713 customers on platform (+11% YoY), with 17x revenue growth from Mobile, AL account over 1.5 years.
- Launched microtransit in Omaha and Council Bluffs, and expanded student transportation with 2x customer growth in Q3.
- Announced Waymo partnership to integrate autonomous vehicles into public transit networks, starting with Chandler, AZ.
- Highlighted AI advancements, including a city-specific LLM for transit planning and real-time dispatch optimization.

**【CFO Financial Commentary】**
- Q3 platform revenue $109.75M, up 32% YoY; full year 2025 guidance $430M-$430.5M (+30% YoY).
- Adjusted EBITDA margin improved to -8% (vs. -16.1% in 2024), with $7.5M-$8.5M Q4 EBITDA loss guidance.
- Gross margin 39.6% (up 0.4ppt YoY), targeting 50% through: 
  1. Transitioning 20% of lower-margin services to third parties
  2. Upselling higher-margin software modules
  3. Strategic M&A (e.g., Remix, Citymapper)
- R&D investment of $500M+ over 13 years driving product differentiation.

**【Q&A Highlights】**
- Customer acquisition: 8-12% YoY growth, with 200%+ revenue per head in Michigan due to word-of-mouth.
- Waymo partnership: Chandler, AZ using Waymo AVs for microtransit, with potential Europe expansion.
- Margin expansion: 0.4ppt Q3 gross margin improvement via AI-driven cost reduction in customer support.
- TAM: $82B serviceable market with <1% penetration, 63,000 potential customers in North America/Europe.
- Autonomous vehicles: Europe showing top-down government support, U.S. focused on robotaxis integration.

VIA

VIA fundamentals

Earnings Call

You can ask Aime