Exhibit 99.1
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Via Announces Second Quarter 2026 Results
Revenue grew 27%, while increasing demand for Via’s platform drove rapid expansion of the pipeline, which doubled year-over-year
•Q2 revenue of $136 million and Annual Run-Rate Revenue of $543 million, up 27% year-over-year.
•Continued strength in the United States with 35% year-over-year revenue growth.
•Q2 Customer count of 847, an increase of 23% year-over-year.
•Continued progress towards profitability with Adjusted EBITDA of negative $3.4 million, Adjusted Net Loss of negative $0.8 million and Adjusted Net Loss per Share of negative $0.01 per share.
•Cash and cash equivalents of $336 million as of June 30, 2026.

NEW YORK, NY, August 06, 2026 -- Via Transportation, Inc. (NYSE: VIA), the world’s leading platform for public transit software and services, today announced financial results for the second quarter of fiscal year 2026, which ended June 30, 2026.
“We are excited about our second quarter results, which provide strong validation of our strategy: to build the world’s most complete platform of software and services for public transit. Via’s rapid revenue growth, coupled with a second consecutive quarter in which pipeline doubled year-over-year, are indicative of the high return on our multi-year investment in our platform. Our focus on expanding the Company’s platform and supporting customers with an end-to-end solution has successfully unlocked a large and difficult-to-penetrate market," said Daniel Ramot, Via’s Co-founder and Chief Executive Officer. "We are equally pleased to report that we have achieved these results while continuing to make fast progress towards our profitability target, a reflection of the high level at which we are executing on our strategy.”
Fiscal Second Quarter 2026 Financial and Operational Highlights:
Q2 2026Q2 2025Change
(in thousands, except percentages and customer count)
Key Business Metrics:
Platform Annual Run-Rate Revenue (1)
$542,828 $428,532 27 %
Customer Count (2)
847 689 23 %
Financial Highlights:
Revenue$135,707 $107,133 27 %
Gross Profit$55,606 $41,951 33 %
Adjusted Gross Profit (3)
$56,297 $42,331 33 %
Adjusted Gross Margin (3)
41 %40 %1  pt
Adjusted EBITDA (3)
$(3,441)$(9,055)(62)%
Adjusted EBITDA Margin (3)
(3)%(8)%5  pts
Net Loss$(19,556)$(21,221)(8)%
Adjusted Net Loss (3)
$(838)$(9,196)(91)%
Net Loss per Share—Basic and Diluted$(0.24)$(1.65)(85)%
Adjusted Net Loss per Share—Basic and Diluted (3)
$(0.01)$(0.72)(99)%
(1)Platform Annual Run-Rate Revenue for any quarter represents our Platform Revenue for that quarter multiplied by four.
(2)Customer Count as of the last date in any quarter represents the number of distinct legal entities which generated Platform revenue in that quarter. The Downtowner acquisition contributed 94 customers.
(3)This press release uses non-GAAP financial measures that adjust GAAP financial measures for the impact of various items. See the section titled “Non-GAAP Financial Measures” and the tables entitled “GAAP to Non-GAAP Reconciliation” below for additional information.
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Second Quarter and Full Year Outlook:
Our guidance includes non-GAAP measures. For the third quarter and full year 2026, Via expects the following:
Q3 2026FY 2026
($ in millions)
Platform Revenue$137.6 - $138.2$550.0 - $553.0
YoY Growth %25.5% - 26.0%26.6% - 27.3%
Adjusted EBITDA (1)
($4.5) - ($3.5)($12.5) - ($7.5)
Adjusted EBITDA Margin (1)
(3.3)% - (2.5)%(2.3)% - (1.4)%
ProfitabilityQ4 2026 Adj. EBITDA > $0
(1)Via is not able, at this time, to provide an outlook for GAAP net loss or a reconciliation of expected Adjusted EBITDA to GAAP net loss for the second quarter or full year 2026 because of the difficulty of estimating certain items excluded from Adjusted EBITDA that cannot be reasonably calculated or predicted without unreasonable efforts. For example, charges related to stock-based compensation and related employer payroll taxes expense require additional inputs, such as the number and value of awards granted, that are not currently ascertainable.

Conference Call Details
Via will host a conference call to discuss its first quarter fiscal year 2026 results at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) on August 06, 2026. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company's Investor Relations Web site at investors.ridewithvia.com. Participants who choose to call in to the conference call can do so by dialing (800) 715-9871 or +1 (646) 307-1963 and entering the conference ID: 1199104. A replay of the call will be available and archived via webcast at investors.ridewithvia.com.
About Via
Via is the technology backbone of a modern transportation network. We transform public transportation systems into dynamic networks, based on data and demand. Cities and transit agencies around the world adopt Via’s suite of software and technology-enabled services to replace fragmented legacy systems and consolidate operations. As a result, Via lowers the cost of providing transit, improves the passenger experience, and brings more riders on board. Today, the Via platform is utilized by hundreds of cities across more than 30 countries to create public transportation systems that connect people with jobs, healthcare, and education.
Non-GAAP Financial Measures
We report certain non-GAAP financial measures, not presented in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures include Adjusted Gross Profit, Adjusted Research and Development expense, Adjusted Sales and Marketing expense, Adjusted General and Administrative expense, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Loss and Adjusted Net Loss per share. These measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the Company’s results as reported under GAAP. Because not all companies calculate non-GAAP financial information identically, the presentations herein may not be comparable to other similarly titled measures used by other companies. The Company’s presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that the Company’s future results will be unaffected by other unusual or non-recurring items. Further, such non-GAAP financial information of the Company should be considered in addition to, and not as superior to or as a substitute for, the historical consolidated financial statements of the Company prepared in accordance with GAAP. We urge you to review the reconciliations of the non-GAAP measures to their directly comparable GAAP financial measures and not to rely on any single financial measure to evaluate our business.

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Safe Harbor/Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws that reflect our current views with respect to, among other things, future events, market trends and our future business, financial condition, results of operations, and prospects. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would,” and “outlook,” or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates, and projections about our industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. These forward-looking statements are subject to a number of known and unknown risks, uncertainties, and assumptions, which you should consider and read carefully, including but not limited to, the risks and uncertainties discussed in our Annual Report on Form 10-K and the Quarterly Report on Form 10-Q filed in connection with this earnings and other filings with the Securities and Exchange Commission (SEC). Except to the extent required by law, we do not undertake to update any of the information contained in this press release.
Media Contact: press@ridewithvia.com
Investor Relations: ir@ridewithvia.com

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VIA TRANSPORTATION, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended
June 30,		Six Months Ended
June 30,
($ in thousands, except share and per share amounts)2026202520262025
Revenue$135,707 $107,133 $263,141 $205,775 
Cost of revenue (1)(2)
80,101 65,182 157,480 124,014 
Gross profit55,606 41,951 105,661 81,761 
Operating expenses:
Research and development (1)
26,108 22,737 50,636 44,083 
Sales and marketing (1)
21,142 15,973 41,632 31,175 
General and administrative (1)(2)
30,110 19,351 58,731 39,837 
Total operating expenses77,360 58,061 150,999 115,095 
Operating loss(21,754)(16,110)(45,338)(33,334)
Interest income2,799 487 5,578 1,054 
Interest expense(282)(2,419)(511)(4,825)
Other income (expense)—net(154)(2,307)1,288 1,211 
Loss before provision for income taxes
(19,391)(20,349)(38,983)(35,894)
Provision for income taxes(165)(872)(722)(1,644)
Net loss$(19,556)$(21,221)$(39,705)$(37,538)
Basic and diluted net loss per share:
Net loss per share—basic and diluted$(0.24)$(1.65)$(0.49)$(2.93)
Weighted average shares of common stock outstanding used in computing net loss per share—basic and diluted81,337,205 12,833,306 81,257,582 12,793,403 
______________
(1)Includes stock-based compensation and related employer payroll taxes as follows:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
Cost of revenue$98 $37 $173 $106 
Research and development4,302 1,549 8,332 3,163 
Sales and marketing3,623 1,271 6,951 2,539 
General and administrative7,987 1,805 16,118 3,545 
              Total$16,010 $4,662 $31,574 $9,353 
(2)Includes amortization of acquired intangible assets as follows:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
Cost of revenue$593 $343 $1,188 $854 
General and administrative787 812 1,604 1,600 
              Total$1,380 $1,155 $2,792 $2,454 



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VIA TRANSPORTATION, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

($ in thousands)June 30,
2026		December 31
2025
Assets
Current assets:
Cash and cash equivalents$335,915 $370,914 
Accounts receivable—net of allowance of $20 and $24 as of June 30, 2026 and December 31, 2025, respectively
104,679 81,572 
Prepaid expenses and other current assets17,612 17,065 
Total current assets458,206 469,551 
Noncurrent assets:
Restricted cash and cash equivalents1,301 1,171 
Property and equipment—net16,051 13,395 
Operating lease right-of-use assets17,085 18,319 
Deferred tax assets401 529 
Intangible assets—net32,971 36,025 
Goodwill190,720 192,305 
Other noncurrent assets1,614 1,800 
Total noncurrent assets260,143 263,544 
Total assets$718,349 $733,095 
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VIA TRANSPORTATION, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

($ in thousands)June 30,
2026		December 31,
2025
Liabilities and stockholders' equity
Current liabilities:
Accounts payable$6,039 $4,427 
Accrued expenses and other current liabilities23,859 24,886 
Operating lease liabilities9,829 9,749 
Deferred revenue22,810 26,893 
Insurance payables15,329 15,144 
Accrued compensation and benefits12,930 13,136 
Total current liabilities90,796 94,235 
Noncurrent liabilities:
Operating lease liabilities8,196 9,378 
Deferred revenue1,048 1,746 
Total noncurrent liabilities9,244 11,124 
Total liabilities100,040 105,359 
Stockholders' equity:
Preferred stock— — 
Class A common stock
1 1 
Class B common stock
— — 
Class C common stock
— — 
Additional paid-in capital1,844,614 1,811,349 
Accumulated other comprehensive income (loss)4,715 7,702 
Accumulated deficit(1,231,021)(1,191,316)
Total stockholders’ equity618,309 627,736 
Total liabilities and stockholders' equity$718,349 $733,095 

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VIA TRANSPORTATION, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
Operating activities:
Net loss$(19,556)$(21,221)$(39,705)$(37,538)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization2,380 2,061 4,779 4,343 
Stock-based compensation16,010 4,662 31,574 9,353 
Provision for deferred taxes36 15 128 50 
Noncash operating lease expense2,817 2,148 6,101 4,073 
Revaluation of warrants liability— — — (2,273)
Revaluation of convertible notes' embedded derivative feature— 3,074 — 4,095 
Amortization of convertible notes' discount— 1,710 — 3,328 
Changes in operating assets and liabilities:
Accounts receivable(9,853)(5,803)(23,641)(6,254)
Prepaid expenses and other assets562 (742)(441)(1,279)
Accounts payable(1,178)365 1,640 2,820 
Accrued expenses and other current liabilities1,831 (165)(1,913)2,393 
Operating lease liabilities(2,296)(1,710)(5,853)(4,174)
Deferred revenue(1,374)(1,602)(4,607)(2,585)
Accrued compensation and benefits(470)340 (88)(302)
Insurance payables446 580 184 2,066 
Net cash used in operating activities(10,645)(16,288)(31,842)(21,884)
Investing activities:
Purchase of property and equipment(389)(595)(678)(983)
Capitalized internal-use software(2,015)(1,246)(4,007)(2,118)
Acquisitions—net of cash acquired279 — 279 — 
Net cash used in investing activities(2,125)(1,841)(4,406)(3,101)
Financing activities:
Proceeds from issuance of Series E convertible preferred stock upon exercise of warrants— — — 20,000 
Repayment of line of credit— — — (5,000)
Proceeds from issuance of convertible notes— — — 7,500 
Proceeds from exercise of stock options695 1,374 1,691 2,054 
Payment of issuance fees— — — (322)
Net cash provided by financing activities695 1,374 1,691 24,232 
Effect of foreign exchange on cash, cash equivalents, and restricted cash and cash equivalents(85)743 (312)1,065 
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents(12,160)(16,012)(34,869)312 
Cash, cash equivalents, and restricted cash and cash equivalents—beginning of period349,376 95,313 372,085 78,989 
Cash, cash equivalents, and restricted cash and cash equivalents—end of period$337,216 $79,301 $337,216 $79,301 
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VIA TRANSPORTATION, INC.
GAAP TO NON-GAAP RECONCILIATION

Adjusted Gross Profit and Adjusted Gross Margin
Adjusted Gross Profit represents gross profit excluding stock-based compensation and related employer payroll taxes and amortization of acquired intangibles. Adjusted Gross Margin represents Adjusted Gross Profit as a percentage of revenue.
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
Gross profit$55,606$41,951$105,661$81,761
Gross profit margin41%39%40%40%
Stock-based compensation and related employer payroll taxes9837173106
Amortization of acquired intangibles (1)
5933431,188854
Adjusted Gross Profit$56,297$42,331$107,022$82,721
Adjusted Gross Margin41%40%41%40%
(1)Amortization of acquired intangibles includes developed technology resulting from our acquisitions of Remix, Citymapper and Downtowner.
Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA represents net loss excluding certain items that we do not consider indicative of our ongoing business performance: interest income, interest expense, loss on extinguishment of convertible notes, provision for income taxes, depreciation and amortization, stock-based compensation and related employer payroll taxes, other (income) expense, net, which consists primarily of changes in the fair value of derivatives and foreign currency transaction gains and losses, and other non-recurring or non-cash items impacting net income (loss) such as patent litigation costs related to the RideCo litigation (a patent litigation in which Via won a trial in January 2025), and transaction costs related to our IPO and M&A activity. Adjusted EBITDA Margin represents Adjusted EBITDA as a percentage of revenue.
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
Net loss$(19,556)$(21,221)$(39,705)$(37,538)
Interest Income(2,799)(487)(5,578)(1,054)
Interest expense2822,4195114,825
Provision for income taxes1658727221,644
Other (income) expense, net1542,307(1,288)(1,211)
Depreciation and amortization (1)
1,7861,5593,6133,262
Stock-based compensation and related employer payroll taxes16,0104,66231,5749,353
Patent litigation costs (2)
627172002,693
Transaction costs (3)
155117401708
Other300—300—
Adjusted EBITDA$(3,441)$(9,055)$(9,250)$(17,318)
Net loss margin(14)%(20)%(15)%(18)%
Adjusted EBITDA Margin(3)%(8)%(4)%(8)%
(1)Excludes amortization of internal-use software.
(2)Patent litigation costs relate to the RideCo litigation in which Via won a trial in January 2025 and defending the verdict on appeals.
(3)Transaction costs include nonrecurring costs incurred in relation to our IPO and M&A activity.

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Adjusted operating expenses
Adjusted Research and Development expense, Adjusted Sales and Marketing expense and Adjusted General and Administrative Expense represent the respective GAAP measures excluding certain items that we do not consider indicative of our ongoing business performance: depreciation and amortization, stock-based compensation and related employer payroll taxes, and other non-recurring items such as patent litigation costs related to the RideCo litigation (a patent litigation in which Via won a trial in January 2025), and transaction costs related to our IPO and historical M&A activity.
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
GAAP research and development expense$26,108$22,737$50,636$44,083
Depreciation(104)(135)(217)(276)
Stock-based compensation and related employer payroll taxes(4,302)(1,549)(8,332)(3,163)
Adjusted Research and Development expense$21,702$21,053$42,087$40,644
GAAP sales and marketing expense$21,142$15,973$41,632$31,175
Stock-based compensation and related employer payroll taxes(3,623)(1,271)(6,951)(2,539)
Transaction costs (1)
—(4)(32)(4)
Other$(275)$—$(275)$—
Adjusted Sales and Marketing expense$17,244$14,698$34,374$28,632
GAAP general and administrative expense$30,110$19,351$58,731$39,837
Depreciation and amortization(1,089)(1,081)(2,208)(2,132)
Stock-based compensation and related employer payroll taxes(7,987)(1,805)(16,118)(3,545)
Patent litigation costs (2)
(62)(717)(200)(2,693)
Transaction costs (1)
(155)(113)(369)(704)
Other$(25)$—$(25)$—
Adjusted General and Administrative expense$20,792$15,635$39,811$30,763
(1)Transaction costs include nonrecurring costs incurred in relation to our IPO and M&A activity.
(2)Patent litigation costs relate to the RideCo litigation in which Via won a trial in January 2025 and defending the verdict on appeals.


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Adjusted Net Loss and Adjusted Net Loss per share
Adjusted Net Loss represents net loss excluding certain items that we do not consider indicative of our ongoing business performance: amortization of discount on convertible notes, loss on extinguishment of convertible notes, changes in the fair value of derivatives, depreciation and amortization, stock-based compensation and related employer payroll taxes, and other non-recurring or non-cash items impacting net loss such as patent litigation costs related to the RideCo litigation (a patent litigation in which Via won a trial in January 2025), transaction costs related to our IPO and M&A activity, and other income related to employee retention credit under the CARES Act. Adjusted Net Loss per share represents Adjusted Net Loss divided by the weighted average shares of common stock outstanding during the respective period.
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands, except share and per share amounts)2026202520262025
GAAP net loss$(19,556)$(21,221)$(39,705)$(37,538)
Amortization of discount on convertible notes—1,710—3,328
Revaluation of warrants liability———(2,273)
Revaluation of convertible notes embedded derivative feature—3,074—4,095
Employee retention credit——(1,758)(1,811)
Depreciation and amortization (1)
1,7861,5593,6133,262
Stock-based compensation and related employer payroll taxes16,0104,66231,5749,353
Patent litigation costs (2)
627172002,693
Transaction costs (3)
155117401708
Other300—300—
Provision for income tax benefit of adjustments405186766374
Adjusted Net Loss$(838)$(9,196)$(4,609)$(17,809)
GAAP net loss per share—basic and diluted$(0.24)$(1.65)$(0.49)$(2.93)
Adjusted Net Loss per share—basic and diluted$(0.01)$(0.72)$(0.06)$(1.39)
Weighted average shares of common stock outstanding used in computing net loss per share and Adjusted Net Loss per share—basic and diluted81,337,20512,833,30681,257,58212,793,403
(1)Excludes amortization of internal-use software.
(2)Patent litigation costs relate to the RideCo litigation in which Via won a trial in January 2025 and defending the verdict on appeals.
(3)Transaction costs include nonrecurring costs incurred in relation to our IPO and M&A activity.

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