The company significantly improved its capital structure by reducing total debt to $73.6 million in 2026Q1 from $1.1 billion in the prior quarter, though the balance sheet remains heavily weighted by $741.2 million in goodwill.
| Total Current Assets | 438.87M | 440.9M | 394M | 439.54M | 362.59M | 348.07M | 328.04M | 272.44M | 185.15M | 961.78K | 418.23K |
| Cash & Short-Term Investments | 46.89M | 65.27M | 77.56M | 138.63M | 105.2M | 101.28M | 120.26M | 131.51M | 65.05M | 826.2K | 3.19K |
| Cash Only | 46.89M | 65.27M | 77.56M | 136.31M | 105.2M | 101.28M | 120.26M | 131.51M | 65.05M | 826.2K | 3.19K |
| Short-Term Investments | 0 | 0 | 0 | 2.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 348.23M | 334.06M | 261.47M | 234.89M | 197.76M | 193.45M | 182.83M | 113.52M | 100.47M | 64.98M | 436 |
| Days Sales Outstanding | 119.74 | 124.54 | 108.55 | 104.9 | 97.33 | 128.24 | 169.55 | 92.33 | 99.07 | -30.4K | 0 |
| Inventory | 27.64M | 20.66M | 15.5M | 17.97M | 19.31M | 12.09M | 113K | 0 | 2.03M | 0 | 0 |
| Days Inventory Outstanding | 315.56 | 248.75 | 297.99 | 150.88 | 149.11 | 125.59 | 1.23 | - | 80.36 | - | - |
| Other Current Assets | 16.11M | 20.91M | 8M | 19.85M | 3.91M | 3.15M | 1.41M | 3.02M | 4.4M | 0 | 414.61K |
| Total Non-Current Assets | 1.22B | 1.2B | 1.22B | 1.35B | 1.39B | 1.49B | 1.04B | 1.13B | 1.16B | 402.74M | 414.61K |
| Property, Plant & Equipment | 269.66M | 245.06M | 171.5M | 179.67M | 170.29M | 148.26M | 108.02M | 113.28M | 78.52M | 74.44M | 72.96M |
| Fixed Asset Turnover | 4.00x | 4.00x | 5.13x | 4.55x | 4.35x | 3.71x | 3.64x | 3.96x | 4.71x | -0.01x | 3.16x |
| Goodwill | 741.17M | 741.61M | 735.62M | 835.84M | 833.48M | 838.87M | 586.43M | 584.15M | 564.72M | 294.41M | 7.55M |
| Intangible Assets | 153.37M | 168.64M | 232.3M | 301.02M | 377.42M | 487.3M | 342.14M | 434.44M | 514.54M | 203.75M | 19.44M |
| Long-Term Investments | 370K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14.7M | 402.74M | 0 |
| Other Non-Current Assets | 52.94M | 49.45M | 81.08M | 33.92M | 12.48M | 14.56M | 2.7M | 3.11M | 1.85M | -572.61M | -99.53M |
| Total Assets | 1.66B | 1.65B | 1.61B | 1.79B | 1.76B | 1.84B | 1.37B | 1.41B | 1.34B | 403.7M | 418.23K |
| Asset Turnover | 0.58x | 0.59x | 0.54x | 0.46x | 0.42x | 0.30x | 0.29x | 0.32x | 0.28x | -0.00x | 551.73x |
| Asset Growth % | -5.56% | 1.93% | -9.8% | 1.92% | -4.4% | 34.35% | -2.85% | 4.66% | 233.12% | 96425.95% | - |
| Total Current Liabilities | 231.94M | 210.46M | 199.74M | 214.77M | 186.81M | 175.19M | 64.04M | 104.88M | 68.74M | 198.12K | 434.19K |
| Accounts Payable | 114.26M | 101.81M | 91.22M | 78.75M | 79.87M | 67.56M | 34.51M | 50.83M | 45.19M | 20.16M | 0 |
| Days Payables Outstanding | 1.65K | 1.23K | 1.75K | 661.33 | 616.82 | 701.59 | 375.55 | 127.83 | 1.79K | 142.64 | - |
| Short-Term Debt | 34.13M | 6.89M | 0 | 9.02M | 21.93M | 36.95M | 9.1M | 28.78M | 9.1B | 3.25M | 150K |
| Deferred Revenue (Current) | 110.19M | 26.65M | 29.37M | 28.79M | 31.16M | 27.14M | 749K | 691K | 805.2K | -23.41M | -14.42M |
| Other Current Liabilities | 59.13M | 75.11M | 15.81M | 52.39M | 14.56M | 5.11M | 0 | 0 | -9.09B | -23.28M | 0 |
| Current Ratio | 1.89x | 2.09x | 1.97x | 2.05x | 1.94x | 1.99x | 5.12x | 2.60x | 2.69x | 4.85x | 0.96x |
| Quick Ratio | 1.77x | 2.00x | 1.89x | 1.96x | 1.84x | 1.92x | 5.12x | 2.60x | 2.66x | 4.85x | 0.96x |
| Cash Conversion Cycle | -1.21K | -852.44 | -1.35K | -405.55 | -370.38 | -447.75 | -204.77 | - | -1.61K | - | - |
| Total Non-Current Liabilities | 1.15B | 1.14B | 1.15B | 1.15B | 1.34B | 1.4B | 987.71M | 992.93M | 973.99M | 398.5M | 87.96M |
| Long-Term Debt | 39.48M | 31.34M | 1.03B | 1.03B | 1.19B | 1.21B | 832.94M | 837.69M | 860.25M | 425.44M | 0 |
| Capital Lease Obligations | 44.28M | 0 | 25.76M | 29.12M | 33.36M | 34.98M | 27.99M | 30.13M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 61.98M | 16.34M | 14.7M | 18.36M | 21.15M | 47.52M | 21.15M | 25.72M | 33.63M | 4.48K | 0 |
| Other Non-Current Liabilities | 1.1B | 1.09B | 74.96M | 77.15M | 93.83M | 112.59M | 105.64M | 99.4M | 80.11M | -26.94M | 0 |
| Total Liabilities | 1.38B | 1.35B | 1.35B | 1.37B | 1.53B | 1.58B | 1.05B | 1.1B | 1.04B | 398.7M | 434.19K |
| Total Debt | 73.61M | 38.23M | 1.07B | 1.07B | 1.25B | 1.28B | 873.21M | 899.57M | 869.35M | 428.69M | 150K |
| Net Debt | 26.72M | -27.05M | 989.33M | 938.08M | 1.15B | 1.18B | 752.95M | 768.05M | 804.3M | 427.86M | 146.81K |
| Debt / Equity | 0.27x | 0.13x | 4.02x | 2.55x | 5.42x | 4.94x | 2.77x | 2.91x | 2.88x | 85.74x | - |
| Debt / EBITDA | 0.21x | 0.11x | 4.35x | 3.56x | 4.11x | 5.62x | 5.66x | 4.32x | 7.50x | 9.54x | 0.00x |
| Net Debt / EBITDA | 0.08x | -0.08x | 4.04x | 3.11x | 3.76x | 5.17x | 4.88x | 3.69x | 6.94x | 9.52x | 0.00x |
| Interest Coverage | 3.13x | 4.02x | 2.07x | 2.00x | 2.83x | 2.51x | 1.02x | 1.69x | 0.03x | 3.91x | 18.61x |
| Total Equity | 272M | 292.96M | 265.13M | 421.47M | 231.07M | 259.96M | 315.57M | 309.61M | 302.06M | 5M | -15.96K |
| Equity Growth % | -35.57% | 10.5% | -37.09% | 82.4% | -11.11% | -17.62% | 1.92% | 2.5% | 5941.12% | 31430.3% | - |
| Book Value per Share | 1.77 | 1.82 | 1.58 | 2.63 | 1.45 | 1.59 | 1.95 | 1.93 | 3.46 | 0.10 | -0.00 |
| Total Shareholders' Equity | 272M | 292.96M | 265.13M | 421.47M | 231.07M | 259.96M | 315.57M | 309.61M | 302.06M | 5M | -15.96K |
| Common Stock | 15K | 15K | 16K | 17K | 15K | 16K | 16K | 16K | 15.61K | 1.16K | 25K |
| Retained Earnings | -259.95M | -243.76M | -269.29M | -125.89M | -98.08M | -81.42M | -94.85M | -89.58M | -113.31M | 1.38M | -40.96K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24.5M |
| Accumulated OCI | -9.58M | -10.57M | -17.56M | -10.18M | -12.87M | -5.09M | 211K | -2.58M | -5.82M | 0 | -103.37M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt structure and leverage volatility
According to reported financial statements, Verra Mobility successfully reduced its total debt from $1.1 billion in 2025Q4 to $73.6 million in 2026Q1, marking a dramatic shift in the company's capital structure that warrants close investor monitoring regarding future financing flexibility and interest coverage capacity.
The rapid reduction in debt levels suggests a strategic pivot toward balance sheet deleveraging, likely aimed at reducing interest expense and improving financial flexibility. Investors should monitor whether this liquidity usage limits the company's ability to pursue further inorganic growth opportunities in the competitive GovTech space.
Based on recent SEC filings, Verra Mobility's asset base remains heavily weighted toward intangible assets, with goodwill totaling $741.2 million as of 2026Q1, representing a substantial portion of the $1.7 billion in total assets that requires ongoing assessment for potential impairment risks.
The high concentration of goodwill relative to total assets suggests that the company's valuation is deeply tied to the success of past acquisitions like Redflex and T2 Systems. If these segments fail to deliver expected synergies, the carrying value of these intangibles may face downward pressure, impacting the overall book value.
As indicated by quarterly data, the company's current ratio tightened to 1.89 in 2026Q1 from a peak of 2.72 in 2024Q1, suggesting that while the firm maintains a sufficient buffer to cover short-term obligations, its liquidity position is sensitive to the timing of project-based cash inflows.
The fluctuation in the current ratio appears to mirror the lumpy nature of municipal contract payments and capital expenditure cycles. While the current ratio remains healthy, the decline in cash reserves from $206.1 million in 2024Q3 to $46.9 million in 2026Q1 suggests that management is actively deploying capital, which may reduce the margin of safety during periods of operational volatility.
Based on the provided balance sheet data, Verra Mobility's equity position remains constrained by a persistent deficit in retained earnings, which stood at negative $259.9 million in 2026Q1, reflecting the cumulative impact of historical accounting adjustments and capital allocation decisions over the last ten quarters.
The negative retained earnings balance suggests that the company's equity base is not currently being bolstered by organic profitability, but rather by external capital or accounting reclassifications. This warrants further investigation into the sustainability of shareholder value creation if the company cannot consistently generate positive net income to reverse these historical deficits.
Quick answers to the most common questions about buying VRRM stock.
As of 2025, Verra Mobility Corporation (VRRM) had total assets of $1.65B including $440.9M in current assets.
Verra Mobility Corporation (VRRM) carries total debt of $38.2M, offset by $65.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Verra Mobility Corporation (VRRM) has total shareholders' equity (book value) of $293.0M ($1.82 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Verra Mobility Corporation (VRRM) reported a current ratio of 2.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.