Via Transportation, Inc.(VIA)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 67 days
PROFIT SINCE LAST BUY
+61.86% ▲
LAST CLOSE
$30.22
10/01/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for VIA

10/01/2026: VIA (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Via Transportation, Inc. is a leading transit-tech company that provides software-as-a-service (SaaS) platforms for public transit and school districts. The company is known for its proprietary routing algorithms, which improve the efficiency of shared transportation networks. Its primary investment story centers on the global modernization of public infrastructure and the increasing reliance on data-driven mobility. Key risks include heavy dependence on municipal budgets and intense competition from larger tech platforms. The stock is best suited for growth-oriented investors looking for exposure to smart-city trends, though it currently lacks the liquidity and dividend potential of established public entities.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitVia operates in the high-growth transit technology sector with a scalable SaaS business model.
Momentum investorMixed fitAs a private company, liquidity is constrained, limiting traditional momentum trading.
Value investorWeak fitThe company's focus on rapid growth and R&D prioritizes market capture over immediate cash-flow value.
Dividend investorWeak fitAs a growth-stage private company, there are no dividend payouts.
Low-risk investorWeak fitThe company's reliance on municipal contracts and the inherent volatility of the tech sector present significant risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highPrivate valuation fluctuates significantly based on funding rounds and market sentiment.
Valuation riskHighHigh growth expectations can lead to inflated valuations compared to established software firms.
Competition risk (Tech Platforms)HighMajor players like UBER are increasingly targeting the transit-as-a-service market.
Business qualityMediumThe SaaS model provides strong recurring revenue, though dependent on the stability of government contracts.
Dividend incomeLow / noneNo income is currently distributed to shareholders.
Execution riskMedium / highExpanding into diverse global regulatory environments requires consistent operational excellence.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit 31.6%
Avg. Invested days 39
Today’s Advisory Consider higher Upturn Star rating
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Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/01/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
VIA receives a 2-star rating, supported by solid company fundamentals. The rating is constrained by weak unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
VIA has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid revenue growth (+28.6%) is partially offset by negative earnings growth (-6.7%), weak cash generation (FCF margin -8.5%), weak profitability (net margin -22.2%).

Financial Health Rating

★★★★★
VIA's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 51.2%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is VIA's strongest growth driver at +50.6% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+28.6%, solid) is also solid, while earnings growth (-6.7%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 45.3% and approximately 74.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 29.70% supports management-shareholder alignment.

Top 5 Institutional Investors

EXOR NV 17.33%
BlackRock Inc 3.86%
ION Crossover Partners Ltd 3.49%
Gilder Gagnon Howe & CO LLC 3.16%
Wellington Management Company LLP 3.05%

Unit Economics (Per $1K Revenue)

★★★★★
VIA generates approximately $396 of gross profit, $-176 of operating income, and $-85 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -2.69% (Tax Credit)

Quantitative Style Profile

★★★★★
VIA has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.47B USD
Price to earnings Ratio -
1Y Target Price 35.78
Price to earnings Ratio -
1Y Target Price 35.78
Volume (30-day avg) 794.7K shares
Beta -
52 Weeks Range 12.95 - 55.20
Updated Date 10/01/2026
52 Weeks Range 12.95 - 55.20
Updated Date 10/01/2026
Dividends yield (FY) -
Basic EPS (TTM) -3.04

How Company Makes Money

Business areaWhat it includesRetail investor read
SaaS SubscriptionsLicense fees for the ViaTransit and school routing platform.Via makes money by selling software subscriptions to city agencies and school districts.
Operations & ServicesManagement fees for operating paratransit and public transit fleets.Via charges for the active management and dispatch of transit vehicles.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 67.11
Enterprise Value 2.09B
Price to Sales(TTM) 5.24
Enterprise Value 2.09B
Price to Sales(TTM) 5.24
Enterprise Value to Revenue 4.25
Enterprise Value to EBITDA -
Shares Outstanding 77.66M
Shares Floating 57.90M
Shares Outstanding 77.66M
Shares Floating 57.90M
Percent Insiders 29.7
Percent Institutions 45.29

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Via Transportation, Inc.

Exchange NYSE
Headquarters New York, NY, United States
IPO Launch date 2025-09-12
Co-Founder, Chairman, President & CEO Mr. Daniel Ramot
Sector Technology
Industry Software - Application
Full time employees 1040
Full time employees 1040

Via Transportation, Inc. provides a platform that transforms global transportation systems into digital networks in the United States, Germany, and internationally. The company's Via platform designed to address workflows for the end-to-end management of transit networks, including planning and scheduling, operating software, tech-enabled services, passenger tools, and data and insights. It offers technology-enabled services, including driver management, fleet management, autonomous vehicles, and customer support services. In addition, the company's end to end hosted platform allows for the integration of multiple transportation modes into a single unified network. It offers solutions in the areas of end-to-end transit networks, transit planning and scheduling, microtransit, paratransit, school bus transportation, and integrated trip planning. The company serves cities, transit agencies, transport operators, school districts and departments of education, universities, corporations, healthcare providers and payers, riders, and drivers. Via Transportation, Inc. was incorporated in 2012 and is headquartered in New York, New York.