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BEEP

Mobile Infrastructure Corporation

BEEP

Mobile Infrastructure Corporation • NASDAQ
$3.12 ▲ 4.35% (+0.13)
Market Cap $126.33 M
52w High $4.86
52w Low $2.84
Dividend Yield 0%
P/E -8
Volume 42.15K
Outstanding Shares 40.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.086M ▲ $5.312M ▲ $-5.803M ▼ -63.867% ▼ $-0.15 ▼ $1.014M ▼
Q2-2025 $8.992M ▲ $5.29M ▲ $-4.25M ▼ -47.264% ▼ $-0.11 ▼ $3.012M ▲
Q1-2025 $8.235M ▼ $4.45M ▼ $-3.89M ▼ -47.237% ▼ $-0.1 ▼ $2.383M ▼
Q4-2024 $9.157M ▼ $6.801M ▲ $-999K ▲ -10.91% ▲ $-0.03 ▲ $5.493M ▲
Q3-2024 $9.758M $5.184M $-1.311M -13.435% $-0.057 $3.562M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.136M ▼ $397.839M ▼ $228.1M ▲ $151.651M ▼
Q2-2025 $15.855M ▲ $405.573M ▼ $226.665M ▲ $160.635M ▼
Q1-2025 $11.617M ▲ $409.531M ▼ $225.536M ▼ $164.456M ▼
Q4-2024 $10.655M ▲ $415.062M ▼ $225.791M ▲ $169.983M ▲
Q3-2024 $8.732M $418.191M $220.91M $134.768M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-6.428M ▼ $1.233M ▼ $-480K ▼ $-4.552M ▼ $-3.799M ▼ $753K ▼
Q2-2025 $-4.25M ▲ $1.771M ▲ $-242K ▼ $-1.825M ▼ $-296K ▼ $1.409M ▲
Q1-2025 $-4.334M ▼ $-1.53M ▼ $2.931M ▼ $-1.069M ▲ $332K ▼ $-1.719M ▼
Q4-2024 $-1.033M ▲ $225K ▲ $4.409M ▲ $-3.117M ▼ $1.517M ▲ $177K ▲
Q3-2024 $-1.89M $2K $332K $654K $988K $-110K

Five-Year Company Overview

Income Statement

Income Statement BEEP is still a small, niche real estate platform that has not yet reached consistent profitability, but its direction is improving. Revenue has been inching up over the past few years, and core operating results have moved from clear loss-making toward more of a breakeven profile. Profitability metrics such as EBITDA have swung from negative in prior years to modestly positive more recently, suggesting early signs that the operating model can work at scale. That said, the company continues to report net losses and negative earnings per share, so it remains in a build-out and optimization phase rather than a mature, profit-heavy stage. The key question going forward is whether BEEP can turn its gradual revenue growth and operational efficiencies into durable, bottom-line profitability.

Balance Sheet

Balance Sheet The balance sheet shows a classic real estate structure: sizable property assets funded by a mix of debt and equity, with only a thin cash cushion. Total assets have been broadly stable to slightly higher over time, which implies a relatively steady portfolio rather than aggressive expansion. Debt sits at a meaningful but not extreme level relative to assets, so leverage is an important factor to monitor but does not appear outsized for a real estate business. Equity has grown, which is a positive sign of capital support and some gradual strengthening of the company’s financial base. The main vulnerability is limited cash on hand, which leaves less room for error if markets tighten or operating results disappoint.

Cash Flow

Cash Flow Cash flow paints a picture of a company that is no longer burning large amounts of cash, but also is not yet a strong cash generator. Operating cash flow has hovered around breakeven in recent years, indicating that the current portfolio is covering its day-to-day expenses but not consistently throwing off surplus cash. Free cash flow has followed a similar pattern, with earlier years showing modest outflows and more recent periods looking more neutral. Capital spending has been light, which helps preserve cash but also suggests that growth and upgrades may rely on external funding or partnerships. Overall, BEEP appears to be managing cash conservatively, but the margin for unexpected shocks remains limited until operating cash flow becomes solidly positive.

Competitive Edge

Competitive Edge BEEP occupies a specialized niche as a focused owner and operator of parking infrastructure, which sets it apart from broader real estate peers. Being one of the only pure-play, publicly traded parking platforms in the U.S. gives it a distinct identity and may attract investors who want targeted exposure to this asset class. Its strategy emphasizes buying underperforming assets in large metropolitan areas and improving them through active management rather than passive ownership, which can create value if executed well. The parking market itself is fragmented and often slow to modernize, so a scaled, tech-enabled operator can have an edge. However, the moat is not unassailable: local competition, changing urban mobility patterns, and alternative land uses all represent ongoing competitive pressures. Execution in dense, high-barrier cities is both the source of opportunity and the main area of risk.

Innovation and R&D

Innovation and R&D Innovation at BEEP is less about traditional lab-style R&D and more about applying technology and new business models to parking assets. The company’s proprietary asset management platform is central to this, using real-time data to adjust pricing, track utilization, and improve performance at each facility. Converting properties from long-term, hands-off leases to management agreements gives BEEP much more operational control and access to data, which is where its tech tools can add value. Partnerships are also a key part of its innovation playbook: the link with Fifth Wall connects BEEP to emerging property technologies, and the deal with Future Energy Solutions upgrades lighting on a service model that lowers upfront costs and boosts efficiency. Strategically, BEEP aims to evolve garages into “mobility hubs” that can host EV charging, last‑mile logistics, and micro‑mobility services. This vision could diversify revenue and future‑proof assets, but much of it is still in the early or pilot stages, so investors will want to see concrete, scaled implementations over time.

Summary

Mobile Infrastructure Corporation is a young, specialized real estate platform trying to modernize a traditional corner of the market: parking facilities in major U.S. cities. Financially, it remains loss‑making but has shown gradual improvement in operating performance and a move toward breakeven cash flow. Its balance sheet is typical for real estate, with meaningful leverage and modest cash, supported by a growing equity base, which underscores the importance of disciplined execution and access to capital. Strategically, BEEP’s edge lies in active, data‑driven management rather than simple rent collection, and in its ambition to turn basic parking garages into multi‑use mobility hubs. Partnerships with technology and energy‑efficiency providers give it tools to enhance returns and keep assets relevant as transportation patterns evolve. The main opportunities are in unlocking value from underperforming urban properties and layering on new services; the main risks are ongoing losses, limited liquidity, leverage, and the challenge of turning a compelling vision into scaled, profitable reality.

NEWS

November 10, 2025 · 4:05 PM UTC

Mobile Infrastructure Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 4:05 PM UTC

Mobile Infrastructure Announces Timing of Third Quarter 2025 Earnings Release and Conference Call

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October 30, 2025 · 8:30 AM UTC

Mobile Infrastructure Closes $100 Million Asset-Backed Securitization

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October 20, 2025 · 4:05 PM UTC

Mobile Infrastructure to Participate in 2025 Maxim Growth Summit on October 23

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