Regulatory and Political Opposition Risk: Verra Mobility's photo enforcement solutions face ongoing legislative challenges and public opposition, which could lead to contract terminations, prohibitions on new installations, or reduced usage, directly impacting revenue and growth.

Customer Concentration Risk: A significant portion of Verra Mobility's revenue is derived from a limited number of large customers, particularly major rental car companies and government entities, making the company vulnerable to contract non-renewals, changes in customer strategy, or pricing pressures from these key accounts.

Cybersecurity and Data Privacy Risk: The company collects and processes sensitive personal and financial data, exposing it to risks of data breaches, cyber-attacks, or non-compliance with evolving data privacy regulations (e.g., GDPR, CCPA), which could result in significant financial penalties, reputational damage, and loss of customer trust.