VIA Q1 2026 Earnings

Call Details

• Call Title: Via Transportation Q1 2026 Earnings Call
• Date: May 12, 2026 at 12:30 PM UTC
• Management Team:
  • Gabby McCaig (Chief Corporate Communications Officer and Head of Investor Relations)
  • Daniel Ramot (Chief Executive Officer)
  • Clara Fain (Chief Financial Officer)
  • Andre Grinevold (Chief Policy Officer)

Call Summary

Financial Performance

• Q1 revenue grew 29% year-over-year to $127 million.
• Company reported an annual run rate revenue of $510 million based on quarterly revenue multiplied by four.
• Q1 adjusted EBITDA margin was negative 4.6% on a non-GAAP basis, improved from negative 8.4% in Q1 2025.
• United States represented 74% of revenue and grew 36% year-over-year in Q1.
• UK revenue increased 68% year-over-year while Germany experienced constrained growth and elevated churn risk.
• The company closed the quarter with 838 customers, an increase of 23% year-over-year.
• Q1 adjusted operating expense leverage was highlighted by sales and marketing at 13% of revenue, G&A at 15% of revenue, and R&D at 16% of revenue.
• Balance sheet strength included $348 million of cash and no outstanding debt as of March 31.

Guidance

• Q2 2026 revenue guidance is $132.5 million to $134 million, implying 23.7% to 25.1% year-over-year growth for the quarter.
• Q2 adjusted EBITDA margin is guided to negative 3% to negative 2.2%, with adjusted EBITDA between negative $3 million and negative $4 million.
• Full-year 2026 revenue guidance was raised to $547 million to $550 million, representing 26% to 26.6% year-over-year growth.
• Full-year adjusted EBITDA guidance was reiterated at negative $12.5 million to negative $7.5 million on a non-GAAP basis.
• Company reiterated the target to deliver positive adjusted EBITDA in Q4 2026 for the first quarter of profitability.
• Guidance incorporates a roughly $2 million annualized negative impact to adjusted results from Israeli shekel strength and expects H2 2026 to be materially stronger due to deal launches concentrated later in the year.