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Provides software that public transit agencies use to run on-demand shared shuttle and paratransit services.
Provides software that public transit agencies use to run on-demand shared shuttle and paratransit services.
Earns software fees from transit agencies and cities, usually under multi-year public contracts. It added planning tools by buying Remix in 2021 and the Citymapper app in 2023, which broadened it beyond on-demand shuttles.
Moat: narrow (switching costs, installed base, scale). Long-term public-sector transit contracts and embedded routing software create switching costs.
Headquarters: New York, New York, United States · Founded: 2012 · Employees: 1,040
Size Via Transportation (VIA) is a United States Information Technology company (Packaged Software) with a market value of $3.07B, the 1531st largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.72 on 6 Nov 2026.
Performance Over six months the shares gained 117.9%, against -2.0% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 29.1% over the last twelve months (peer median +11.1%); the operating margin is -17.4% (peer median 7.8%).
Valuation It trades at 259.2× forward earnings against a peer median of 22.4× (2nd most expensive of 18).
Capital Return on invested capital runs 31.9 points below its cost of capital (9.4% WACC).
Backlog Backlog (remaining performance obligations) was $318M at 30 Jun 2026 — 0.6 years of trailing revenue. Backlog detail →
Short interest Short interest is 8.6% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $492M | $434M | $338M | $249M |
| Revenue growth | — | +29% | +36% | — |
| Gross profit | $192M | $167M | $123M | $92.0M |
| EBITDA | -$76.7M | -$62.4M | -$71.3M | -$100M |
| Net income | -$98.5M | -$96.4M | -$90.3M | -$117M |
| Free cash flow | -$50.4M | -$36.8M | -$74.4M | -$97.4M |
| Capital expenditure | $7.50M | $5.91M | $4.45M | $4.80M |
| Total debt | $18.0M | $19.1M | $1.28B | $1.21B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Via Transportation VIA | $3.07B | +118% | +29% | -17% | 259.2× | n/a |
| Uber UBER | $140B | -9% | +14% | 13% | 16.8× | 13.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VIA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +21.9% | +2.7% | 3rd highest of 21 |
| 6-month return | +117.9% | -2.0% | highest of 20 |
| Distance from 52-week high | -29.8% | -39.4% | 8th highest of 21 |
| Revenue growth (TTM) | +29.1% | +11.1% | 4th highest of 21 |
| Operating margin | -17.4% | 7.8% | 2nd lowest of 21 |
| Forward P/E | 259.2× | 22.4× | 2nd most expensive of 18 |
| ROIC minus cost of capital | -31.9 pp | +0.7 pp | 2nd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Via Transportation VIA | United States | $3.07B | +118% | +29% | -17% | 259.2× | n/a | n/a |
| Liftoff Mobile LFTO | United States | $3.07B | n/a | +35% | 36% | 18.6× | -7.3% | +35.5% |
| Shenzhen Infogem Technologies 300085.SZ | China | $3.06B | -23% | +2% | -11% | n/a | n/a | n/a |
| DHC Software 002065.SZ | China | $3.04B | -23% | -4% | 3% | 39.5× | 14.8% | +7.1% |
| Beijing Shiji Information Technology 002153.SZ | China | $3.02B | -27% | -4% | -3% | 492.7× | n/a | n/a |
| Cellebrite DI CLBT | United States | $3.13B | -2% | +18% | 11% | 38.0× | 22.8% | +19.5% |
| Tsinghua Tongfang 600100.SS | China | $3.15B | -22% | -11% | -2% | n/a | 30.2% | -10.3% |
| Freshworks FRSH | United States | $3.18B | +37% | +15% | 8% | 14.5× | 12.9% | +27.4% |
| Wix.com WIX | United States | $3.18B | -5% | +14% | -3% | 12.6× | -4.4% | +15.2% |
| Intsig Information 688615.SS | China | $2.96B | -26% | +24% | 22% | 34.9× | 12.6% | +22.1% |
| Sinch SINCH.ST | Sweden | $3.19B | +13% | -6% | 4% | 13.3× | 23.8% | +27.5% |
| Alarm.com ALRM | United States | $3.19B | +37% | +9% | 13% | 22.4× | 10.9% | +10.3% |
| Teradata TDC | United States | $2.96B | +1% | +1% | 8% | 11.6× | -5.4% | -2.0% |
| Bullish BLSH | United States | $3.20B | -51% | +34% | 18% | 33.6× | 32.3% | +14.4% |
| Beijing 51WORLD Digital Twin Technology 6651.HK | Hong Kong | $2.91B | -1% | +39% | -38% | n/a | n/a | n/a |
| SPS Commerce SPSC | United States | $2.90B | +45% | +7% | 17% | 15.3× | 7.3% | +19.2% |
| Hexaware Technologies HEXT.NS | India | $3.26B | +9% | +13% | 12% | 21.7× | 15.4% | +16.5% |
| Perfect World 002624.SZ | China | $3.26B | -26% | -8% | 8% | 21.1× | 19.0% | -8.2% |
| Tata Technologies TATATECH.NS | India | $2.86B | +6% | +22% | 13% | 34.9× | 28.3% | +18.3% |
| Servyou Software 603171.SS | China | $2.84B | -16% | +6% | 5% | 72.7× | 40.3% | +5.9% |
| Intapp INTA | United States | $3.35B | +76% | +14% | -4% | 25.7× | 4.3% | +21.9% |
Via Transportation reported $318M of remaining performance obligations at 30 Jun 2026 and up 16% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.31.