Added to YB: 2026-02-11
Pitch date: 2025-11-21
VIA [bearish]
Via Transportation, Inc.
+54.69%
current return
Author Info
No bio for this author
Company Info
Via Transportation, Inc. provides a digital public transportation system platform in the United States, Germany, and internationally.
Market Cap
$1.7B
Pitch Price
$35.53
Price Target
21.30 (+32%)
Dividend
N/A
EV/EBITDA
-22.42
P/E
-3.48
EV/Sales
3.26
Sector
Software
Category
N/A
Via Transportation, Inc. - $VIA (short)
VIA (short): Accounting masks deteriorating unit economics as high-margin upfront fees from FY22-24 cohort roll off. Services business (65% mix vs Street's 50%) faces margin erosion as 2yr pilots end, requiring fleet doubling with no revenue increase. New project starts down Y/Y while mature cohorts churn 50%+. Trading at 6x EV/Sales on software multiple despite cost-intensive rideshare dominating mix. See 40%+ downside as margins compress & VC lockup expires.
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