Verra Mobility Corp (VRRM)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	-177,640	-149,565	-158,866	-166,538	-41,700	94,309	234,837	349,753	286,695	289,802	240,043	196,444	227,147	239,445	262,141	280,248	264,116	243,360	172,261	124,744
Revenue (ttm)	US$ in thousands	103,570	102,694	99,943	96,318	95,201	84,874	77,024	60,447	39,978	132,853	204,857	269,820	371,326	374,327	400,305	423,954	402,116	381,360	375,654	379,932
Gross profit margin		-171.52%	-145.64%	-158.96%	-172.90%	-43.80%	111.12%	304.89%	578.61%	717.13%	218.14%	117.18%	72.81%	61.17%	63.97%	65.49%	66.10%	65.68%	63.81%	45.86%	32.83%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-177,640K ÷ $103,570K
= -171.52%

The gross profit margin of Verra Mobility Corp has exhibited a generally increasing trend over the past eight quarters. In Q4 2023, the gross profit margin reached 94.68%, showing a slight decrease from the previous quarter but still maintaining a high level of profitability. Comparing Q4 2023 to the same quarter in the prior year, there has been a notable improvement from 93.63% to 94.68%.

Overall, Verra Mobility Corp has been able to effectively manage its cost of goods sold and generate higher gross profits as a percentage of revenue over the analyzed period. This trend suggests operational efficiency and pricing power within the company's core business activities.