Via Transportation (NYSE:VIA) posted fourth-quarter revenue of $119 million on Friday, a 30% increase that capped its first full year as a publicly traded company.
The New York-based transit software leader, which completed its IPO in September 2025, ended the year with an annual run-rate revenue of $476 million, matching its consistent 30% growth trajectory.
The company’s "Platform" segment—the core software suite used by cities to manage microtransit and paratransit—showed particular strength in the United States, where revenue jumped 39% year-over-year.
Via’s total customer base grew to 821 agencies and municipalities, a 23% increase supported by the December 12 acquisition of Downtowner, a technology provider focused on high-traffic "destination cities."
While the company remains in a high-investment growth phase, its financial health showed signs of maturation.
Meanwhile, Via narrowed its adjusted net loss to $4.8 million for the quarter and closed 2025 with $371 million in cash and zero debt.
Gross profit for the period rose 27% to $47 million.