| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 17 | — | 17.8x | Bottom tier | |
Growth | 88 | 29.1% | 7.1% | Top tier | |
Quality | 56 | — | 4.5% | Around median | |
Safety | 55 | — | 2.6x | Around median | |
Capital Return | 86 | — | 2.12% | Top tier | |
Momentum | 91 | — | 2.9% | Top tier | |
Sentiment | 92 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Via Transportation provides an integrated platform for managing and operating public transportation, combining AI-powered software with technology-enabled operational services. Its offerings include on-demand transit, paratransit, network planning, full transit network management, specialized school transportation, while AI Labs expands the company’s scope into municipal solutions such as permit automation, snow-removal optimization, and public records request processing. Via generates revenue from software and services associated with operating these systems and uses operational data to continuously improve its software and models.
In Q2 of fiscal year 2026, revenue increased 27% year over year to approximately $136 million, and the financial statements reported gross profit of $55.6 million, equivalent to a gross margin of approximately 41%, and a GAAP net loss of $19.6 million, or $0.24 per share. The United States accounted for 76% of revenue, and its revenue grew 35%, while the number of customers increased 23% to 847 customers, including 114 customers with annualized operational revenue exceeding $1 million.
On an adjusted basis, the EBITDA margin was negative 2.5% in Q2 of fiscal year 2026, compared with negative 8.5% in the corresponding period, and adjusted loss per share declined to $0.01 from $0.72. Higher non-recurring revenue and an improved mix helped raise adjusted gross margin to 41% from 40%, while Via ended the quarter with $336 million in liquidity and no outstanding debt.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $28.67, but the wide target range of $19 to $50 reflects significant variation in estimates of growth and execution, and the average target remains far below the 52-week range peak of $56.31. The 52-week range extends from $12.95 to $56.31, and there is no positive price-to-earnings multiple because of the $98.5 million net loss during the reported twelve-month period for 2026; therefore, valuation depends more heavily on achieving revenue guidance, converting the pipeline into contracts, and reaching sustainable adjusted profitability.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Via’s revenue increased 27% in Q2 of fiscal year 2026 to approximately $136 million, and U.S. revenue grew 35%. The sales pipeline doubled year over year for two consecutive quarters to exceed $700 million in total annual contract value. Full-network deals, school transportation, and AI Labs are driving this expansion, while the number of customers increased to 847.
Via did not achieve GAAP profitability, recording a net loss of $19.6 million and negative earnings per share of $0.24 in Q2 of fiscal year 2026. On an adjusted basis, net loss narrowed to less than $1 million, or $0.01 per share, and the EBITDA margin was negative 2.5%. Management reaffirmed its target of recording its first quarter of positive adjusted EBITDA in Q4 of fiscal year 2026.
The pipeline represents the total annual value of opportunities that would add new revenue from existing or new customers and excludes renewals of existing contracts. The sales cycle typically takes between nine and ten months, and implementation adds an average of two to three months before revenue recognition begins. The pipeline is therefore a leading indicator of growth, but it requires Via to win and successfully implement the contracts before it converts into actual revenue.
Via uses artificial intelligence in a voice system that automates passenger calls in dozens of cities and in dispatching, planning, and proactive optimization of transit networks. During 2026, AI Labs launched projects including permit automation, snow-removal optimization, and intelligent workflows for municipalities. In one case, an intelligent solution from AI Labs reduced the manual time required to process public records requests by 92%.
Via remains unprofitable under GAAP, with a net loss of $98.5 million during the reported twelve-month period for 2026, so there is no positive price-to-earnings multiple. In addition, 76% of Q2 fiscal year 2026 revenue depends on the United States, where public transit budgets generally grow at slow low-single-digit rates. The company also faces sales and implementation cycles averaging nearly a year, in addition to competition from modern technology companies, traditional software vendors, and transit operators.
Via raised its fiscal year 2026 revenue guidance to a range of $550 million to $553 million, representing growth of 26.6% to 27.3%. It maintained adjusted EBITDA guidance at a loss of $7.5 million to $12.5 million. For Q3 of fiscal year 2026, it expects revenue of $137.6 million to $138.2 million and an adjusted EBITDA loss of $3.5 million to $4.5 million.
