Verra Mobility Corp (VRRM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	57,015	92,475	41,449	-4,578	17,076
Revenue	US$ in thousands	103,570	94,318	39,977	13,302	388,008
Net profit margin		55.05%	98.05%	103.68%	-34.42%	4.40%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $57,015K ÷ $103,570K
= 55.05%

The net profit margin of Verra Mobility Corp has been fluctuating over the past five years. In 2023, the net profit margin decreased to 6.98% from 12.47% in 2022. This decrease indicates that the company's profitability in 2023 declined compared to the previous year.

Looking further back, in 2021, the net profit margin was 7.53%, showing a slight decrease from the 7.43% reported in 2019. However, in 2020, the net profit margin was negative at -1.16%, indicating a loss-making year for the company.

Overall, Verra Mobility Corp's net profit margin performance has been mixed, with periods of both growth and decline. It is essential for the company to closely monitor and manage its expenses and revenue generation to ensure sustainable profitability in the future.