Financial Performance - Verra Mobility's Q1 2025 total revenue reached $223 million, a 6% year-over-year increase[6, 12] - Adjusted EBITDA for Q1 2025 was $95 million, representing a 3% year-over-year growth[6, 14] - Adjusted EPS for Q1 2025 was $030, an 11% year-over-year increase[6, 15] - Free Cash Flow for Q1 2025 was $42 million, a 108% year-over-year increase[6, 17] Segment Performance - Commercial Services revenue increased by 6% year-over-year, driven by increased travel volume, product adoption, and tolling activity[10, 25] - Government Solutions service revenue grew by 4% year-over-year, with 7% growth outside of New York City[10, 28] - Parking Solutions SaaS-only revenue grew 5% year-over-year, while total revenue remained flat due to a decline in installation and professional services[10, 31] Financial Outlook and Balance Sheet - The company reaffirmed its 2025 financial outlook, projecting total revenue between $925 million and $935 million[10, 40] - Adjusted EBITDA is expected to be between $410 million and $420 million, representing approximately 3% year-over-year growth[40] - Adjusted EPS is projected to be between $130 and $135, reflecting approximately 8% year-over-year growth[40] - Free Cash Flow is expected to be between $175 million and $185 million, with a conversion rate of approximately 43%[40] - As of March 31, 2025, Verra Mobility had $108 million in cash and cash equivalents and $75 million available under its revolving credit facility, resulting in $183 million in total available liquidity[33]