Mobile Infrastructure Corp
BEEP Nasdaq Real Estate Financials FY2022–FY2025
Last close · Oct 23, 2026
$2.55
1.5%
Revenue
Total sales reported in the income statement.
$35.1M
5.2%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
−$21.4M
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Mobile Infrastructure Corp does
No business description yet.
- Legal name
- Mobile Infrastructure Corp
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 5, 2026
- Accession · CIK
- 0001437749-26-007063
0001847874
Revenue and margins
Mobile Infrastructure Corp had $35.1M of revenue in fiscal 2025, down 5.2% on the year before.
FY22
Revenue $29.1M
FY23
Revenue $30.3M
FY24
Revenue $37.0M
FY25
Revenue $35.1M
Q3 '23
Revenue $8.1M
Q4 '23
Revenue $7.9M
Q1 '24
Revenue $8.8M
Q2 '24
Revenue $9.3M
Q3 '24
Revenue $9.8M
Q4 '24
Revenue $9.2M
Q1 '25
Revenue $8.2M
Q2 '25
Revenue $9.0M
Q3 '25
Revenue $9.1M
Q4 '25
Revenue $8.8M
Q1 '26
Revenue $7.9M
Q2 '26
Revenue $8.9M
FY22
Gross —
Operating −9.1%
Net −27.9%
FCF —
FY23
Gross —
Operating —
Net −83.0%
FCF —
FY24
Gross —
Operating —
Net −15.6%
FCF —
FY25
Gross —
Operating —
Net −61.1%
FCF —
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating —
Net −221.2%
FCF —
Q4 '23
Gross —
Operating —
Net −51.0%
FCF —
Q1 '24
Gross —
Operating —
Net −23.8%
FCF —
Q2 '24
Gross —
Operating —
Net −14.6%
FCF —
Q3 '24
Gross —
Operating —
Net −13.4%
FCF —
Q4 '24
Gross —
Operating —
Net −10.9%
FCF —
Q1 '25
Gross —
Operating —
Net −47.2%
FCF —
Q2 '25
Gross —
Operating —
Net −47.3%
FCF —
Q3 '25
Gross —
Operating —
Net −63.9%
FCF —
Q4 '25
Gross —
Operating —
Net −85.6%
FCF —
Q1 '26
Gross —
Operating —
Net −88.9%
FCF —
Q2 '26
Gross —
Operating —
Net −33.2%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY22
Net income −$8.1M
FY23
Net income −$25.1M
FY24
Net income −$5.8M
FY25
Net income −$21.4M
Q3 '23
Net income −$17.8M
Q4 '23
Net income −$4.0M
Q1 '24
Net income −$2.1M
Q2 '24
Net income −$1.4M
Q3 '24
Net income −$1.3M
Q4 '24
Net income −$1.0M
Q1 '25
Net income −$3.9M
Q2 '25
Net income −$4.3M
Q3 '25
Net income −$5.8M
Q4 '25
Net income −$7.5M
Q1 '26
Net income −$7.1M
Q2 '26
Net income −$3.0M
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY22
Return on capital —
Return on equity −9.3%
Return on assets −1.9%
FY23
Return on capital —
Return on equity −23.0%
Return on assets −5.8%
FY24
Return on capital —
Return on equity −3.8%
Return on assets −1.4%
FY25
Return on capital —
Return on equity −13.8%
Return on assets −5.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY22
Cash from operations $1.5M
Capital spending —
FY23
Cash from operations −$2.1M
Capital spending —
FY24
Cash from operations −$0.8M
Capital spending —
FY25
Cash from operations $0.8M
Capital spending —
Cash from operations
Capital spending
Q3 '23
Cash from operations $0.8M
Capital spending —
Q4 '23
Cash from operations −$0.7M
Capital spending —
Q1 '24
Cash from operations −$1.4M
Capital spending —
Q2 '24
Cash from operations $0.3M
Capital spending —
Q3 '24
Cash from operations $0.0M
Capital spending —
Q4 '24
Cash from operations $0.2M
Capital spending —
Q1 '25
Cash from operations −$1.5M
Capital spending —
Q2 '25
Cash from operations $1.8M
Capital spending —
Q3 '25
Cash from operations $1.2M
Capital spending —
Q4 '25
Cash from operations −$0.6M
Capital spending —
Q1 '26
Cash from operations −$1.6M
Capital spending —
Q2 '26
Cash from operations $1.7M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Mobile Infrastructure Corp returned $4.0M to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY22
Dividends $0.0M
Buybacks —
FY23
Dividends $0.8M
Buybacks $0.0M
FY24
Dividends —
Buybacks $1.3M
FY25
Dividends —
Buybacks $4.0M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks −$279M
Q4 '23
Dividends $0.8M
Buybacks $0.0M
Q1 '24
Dividends $0.7M
Buybacks $0.0M
Q2 '24
Dividends —
Buybacks $0.0M
Q3 '24
Dividends —
Buybacks $0.1M
Q4 '24
Dividends —
Buybacks $1.2M
Q1 '25
Dividends —
Buybacks $0.3M
Q2 '25
Dividends —
Buybacks $0.0M
Q3 '25
Dividends —
Buybacks $0.7M
Q4 '25
Dividends —
Buybacks $3.0M
Q1 '26
Dividends —
Buybacks $1.4M
Q2 '26
Dividends —
Buybacks $0.0M
Dividends
Buybacks
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Mobile Infrastructure Corp can carry it.
FY22
Cash $5.8M
Debt —
FY23
Cash $11.1M
Debt $232M
FY24
Cash $10.7M
Debt $218M
FY25
Cash $8.3M
Debt $198M
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | $5.8M | $11.1M | $10.7M | $8.3M |
| Debt incl. finance leases | — | $232M | $218M | $198M |
| Debt / equity | — | 1.8x | 1.3x | 1.4x |
| Interest coverage | −0.2x | — | — | — |
| Current ratio | 0.4x | — | — | — |
| Quick ratio | 0.4x | — | — | — |
| Total assets | $436M | $423M | $415M | $382M |
| Total liabilities | $249M | $220M | $226M | $223M |
| Shareholders' equity | $87.3M | $131M | $170M | $141M |
| Net debt (− = net cash) | — | $220M | $207M | $190M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✕ | ✕ | ✓ |
| Return on assets rose | — | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ | ✓ |
| Current ratio rose | — | — | — | — |
| Share count didn't rise | — | — | — | — |
| Gross margin rose | — | — | — | — |
| Revenue rose relative to assets | — | ✓ | ✓ | ✓ |
| F-score | — / 3 | — / 5 | — / 6 | — / 6 |
| Accruals ratio | −2.2% | −5.4% | −1.2% | −5.6% |
| Altman Z'' | −0.51 | — | — | — |
4 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $29.1M | $30.3M | $37.0M | $35.1M |
| Operating income | −$2.7M | — | — | — |
| Interest expense | $12.9M | $13.9M | $13.8M | $19.0M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | −$8.1M | −$25.1M | −$5.8M | −$21.4M |
| Net income to common | −$11.1M | −$32.5M | −$7.5M | −$22.4M |
| Cash flow | ||||
| Cash from operations | $1.5M | −$2.1M | −$0.8M | $0.8M |
| Depreciation and amortization | $8.2M | $8.5M | $8.4M | $10.6M |
| Stock-based compensation | $2.5M | $7.5M | $5.7M | $3.1M |
| Share buybacks | — | $0.0M | $1.3M | $4.0M |
| Dividends paid | $0.0M | $0.8M | — | — |
| Dividends and buybacks | $0.0M | $0.8M | $1.3M | $4.0M |
| Balance sheet | ||||
| Cash and short-term investments | $5.8M | $11.1M | $10.7M | $8.3M |
| Total debt | — | $232M | $218M | $198M |
| Current assets | $0.7M | — | — | — |
| Current liabilities | $1.8M | — | — | — |
| Property and equipment, net | $0.2M | — | — | — |
| Intangible assets | $10.1M | $10.2M | $10.1M | $5.7M |
| Total assets | $436M | $423M | $415M | $382M |
| Total liabilities | $249M | $220M | $226M | $223M |
| Preferred stock | $0.0M | $0.0M | — | — |
| Shareholders' equity | $87.3M | $131M | $170M | $141M |
| Margins | ||||
| Operating margin | −9.1% | — | — | — |
| EBITDA margin | 19.2% | — | — | — |
| Net margin | −27.9% | −83.0% | −15.6% | −61.1% |
| Returns | ||||
| Return on capital employed | −0.6% | — | — | — |
| Return on equity | −9.3% | −23.0% | −3.8% | −13.8% |
| Return on assets | −1.9% | −5.8% | −1.4% | −5.4% |
| Return on tangible equity | −14.4% | −26.8% | −4.7% | −16.5% |
| Growth | ||||
| Revenue growth | — | 4.0% | 22.3% | −5.2% |
| Financial health | ||||
| Debt / equity | — | 1.8x | 1.3x | 1.4x |
| Interest coverage | −0.2x | — | — | — |
| Current ratio | 0.4x | — | — | — |
| Quick ratio | 0.4x | — | — | — |
| Capital allocation | ||||
| Stock comp / revenue | 8.6% | 24.7% | 15.5% | 8.9% |
| Quality scores | ||||
| Altman Z'' | −0.5 | — | — | — |
| Accruals ratio | −2.2% | −5.4% | −1.2% | −5.6% |
Source: SEC EDGAR XBRL filings (CIK 0001847874). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.