Flagship explainer

How VIA TRANSPORTATION, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$434M · 100%Cost of revenue$263M · 60%Gross profit$172M · 40%Operating income−$76.6M · −18%Income before tax−$93.8M · −22%Income tax$2.5M · 1%Net income−$96.4M · −22%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$434M100%
Cost of revenue$263M60%
$172M40%
−$76.6M−18%
Income before tax−$93.8M−22%
Income tax$2.5M1%
−$96.4M−22%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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