INVESTOR ALERT
Securities Class Action Filed Against Via Transportation, Inc. – Investors Encouraged to Contact Kirby McInerney LLP
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Via Transportation, Inc. (“Via Transportation” or the “Company”) (NYSE:VIA) securities during the period from September 9, 2025 through June 9, 2026.
If you suffered a loss on your Via Transportation investments, you have until August 10, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is This Lawsuit About? The lawsuit alleges that the offering documents used for Via Transportation’s September 2025 IPO were false and misleading and omitted to state that, at the time of the IPO, the Company’s growth had already begun to encounter obstacles because of the Company’s declining Platform Annual Run-Rate Revenue (“ARR”) and inability to grow in Germany.
On September 12, 2025, Via Transportation sold 10.7 million shares at $46 per share in an IPO.
On November 13, 2025, Via Transportation reported its earnings for Q3 2025 (ended September 30, 2025). On the earnings call, the Company announced that the ARR per customer declined for the first time in eight quarters. The Company stated that the “[i]n Q3, we tend to have universities, schools, corporate contracts, that have lower volumes during the summer … that slight seasonality drives lower ARR per customer in Q3. And then the growth in our schools business, where we saw a significant increase in the number of customers and the schools product is relatively new. These customers launched their services in Q3, coinciding with the start of the academic year and, therefore, contributed to more limited revenue in that quarter. So that drove the slight decline in ARR per customer.” On this news, the price of Via Transportation shares declined by $7.36 per share, or approximately 15%, from $50.50 per share on November 12, 2025 to close at $43.14 on November 13, 2025.
On February 27, 2026, Via Transportation reported its earnings for Q4 2025 and FY2025. On the earnings call, the Company announced that it was “facing some headwinds … in Germany” regarding the adoption of the entire platform after having successfully introduced microtransit into the market. The Company stated that “the European [regulatory] structure is just proving to take longer than we would have liked, certainly and longer than it took in the U.S. So in Germany, we’re just at this interim phase … for [broader adoption of the platform] to happen, it requires our customers to change their network to reduce certain fixed routes, replace them with microtransit, combine services that have previously been siloed … with the regulatory environment in Europe, it is just proving to be a longer process.” On this news, the price of Via Transportation shares declined by $1.40 per share, or approximately 8%, from $18.58 per share on February 26, 2026 to close at $17.18 on February 27, 2026.

