Verra Mobility (VRRM) Plunges 71% After Slashing Revenue Forecast

Shares of Verra Mobility (Nasdaq: VRRM) cratered 71% on Wednesday, May 27, 2026, after the smart mobility provider slashed its full-year revenue guidance and reported a steep earnings miss, sending shockwaves through the transportation technology sector. The stock closed at $4.12, down $10.09, erasing more than $2 billion in market value in the worst single-day drop since its 2017 listing. The company posted second-quarter revenue of $210 million, well below Wall Street’s consensus of $245 million, and cut its 2026 revenue forecast to a range of $820 million to $850 million, down sharply from $1.1 billion. Adjusted EBITDA guidance was also lowered by over 20%. CEO David Roberts blamed the downturn on prolonged government procurement timelines and a significant decline in rental car tolling volumes as consumer travel softened. The collapse rippled across peers, with TransCore (TRC) falling 8% in sympathy, while the broader smart infrastructure index shed 4%.