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MOBX

Mobix Labs, Inc.

MOBX

Mobix Labs, Inc. • NASDAQ
$0.46 ▼ -3.41% (-0.02)
Market Cap $27.32 M
52w High $2.47
52w Low $0.40
Dividend Yield 0%
P/E -0.41
Volume 294.12K
Outstanding Shares 59.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.35M ▼ $9.419M ▲ $-8.272M ▼ -352% ▼ $-0.17 ▼ $-7.26M ▼
Q2-2025 $2.511M ▼ $8.848M ▼ $-2.291M ▲ -91.239% ▲ $-0.06 ▲ $-1.492M ▲
Q1-2025 $3.169M ▲ $16.317M ▼ $-19.839M ▼ -626.033% ▼ $-0.52 ▼ $-19.036M ▼
Q4-2024 $2.954M ▲ $29.557M ▲ $-11.537M ▼ -390.555% ▼ $-0.37 ▼ $-10.274M ▼
Q3-2024 $2.058M $10.079M $-7.679M -373.129% $-0.25 $-8.449M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $240K ▼ $34.555M ▼ $34.13M ▼ $425K ▲
Q2-2025 $781K ▲ $36.534M ▼ $36.192M ▼ $342K ▲
Q1-2025 $405K ▲ $37.271M ▼ $40.31M ▲ $-3.039M ▼
Q4-2024 $266K ▲ $39.088M ▼ $33.558M ▲ $5.53M ▼
Q3-2024 $205K $41.277M $32.741M $8.536M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-8.272M ▼ $-4.084M ▼ $27K ▲ $3.516M ▲ $-541K ▼ $-4.084M ▼
Q2-2025 $-2.291M ▲ $-586K ▲ $-16K ▼ $978K ▼ $376K ▲ $-602K ▲
Q1-2025 $-19.839M ▼ $-930K ▲ $0 $1.069M ▼ $139K ▲ $-930K ▲
Q4-2024 $-11.537M ▼ $-3.621M ▼ $0 ▼ $3.682M ▲ $61K ▲ $-3.621M ▼
Q3-2024 $-7.679M $-3.078M $42K $248K $-2.788M $-3.082M

Five-Year Company Overview

Income Statement

Income Statement Mobix Labs looks very early stage from an income perspective. Revenue has only just begun to show up and is still at a very low level, while operating losses have been steady to slightly wider over the last few years. This pattern fits a company investing in product development and commercialization long before meaningful sales arrive. The key question is whether its technology and customer pipeline can eventually scale enough to absorb these ongoing expenses.

Balance Sheet

Balance Sheet The balance sheet is very small and quite thin, with modest assets and only a sliver of equity. There is little reported cash and only minimal debt so far, which limits financial flexibility but also means there is not yet a heavy interest burden. Past periods of negative equity highlight that the company has already run close to the edge in terms of capital. Future growth will likely depend on continued access to outside funding or strategic partnerships.

Cash Flow

Cash Flow Mobix Labs has been consistently burning cash from its core operations, with no offset from meaningful profits or large non-cash items. Free cash flow has been negative each year, reflecting ongoing spending on people, product development, and building the business rather than on heavy equipment. This is typical for a fabless semiconductor firm at an early commercial stage, but it does mean the business is reliant on raising capital rather than self-funding. The pace of cash burn relative to its funding sources is an important risk factor to monitor.

Competitive Edge

Competitive Edge Competitively, the company is positioned in attractive but demanding niches: high-frequency wireless, EMI filtering, and high-speed optical interconnects. Its focus on aerospace, defense, and other mission-critical uses gives it access to high-barrier markets where customer relationships, qualifications, and reliability matter as much as price. Patented active optical cable technology, CMOS-based mmWave solutions, and integrated EMI filters help differentiate it from generic component suppliers. However, its very small scale and early revenue base are clear disadvantages when competing against much larger and better funded semiconductor players.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of Mobix Labs. It has developed a suite of advanced products around mmWave beamformers, RF switches, flexible EMI filters, and patented active optical cables, backed by a sizeable patent portfolio. The company is also leaning into future themes such as AI-enhanced wireless infrastructure and next-generation 5G and radar systems through partnerships and acquisitions. The main uncertainty is not the existence of technology, but the speed and success with which this R&D can be turned into stable, repeatable revenue in commercial and defense markets.

Summary

Overall, Mobix Labs looks like a technology-rich, pre-scale semiconductor company: heavy on innovation, light on current revenue, and still loss-making. Its niche focus and patents in high-frequency connectivity, EMI filtering, and optical interconnects, combined with defense and aerospace exposure, create potential for a defensible position if design wins ramp. At the same time, the very small balance sheet, persistent cash burn, and early commercialization stage introduce meaningful execution and financing risk. The story hinges on whether management can convert its technical and IP strengths into sustained customer adoption before capital constraints become limiting.

NEWS

November 19, 2025 · 7:00 AM UTC

Mobix Labs Expands Into High-Growth AI Infrastructure With Strategic Investment in TalkingHeads Wireless

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November 3, 2025 · 7:00 AM UTC

Mobix Labs and Peraso Enter Cooperative Discussions Toward a Potential Acquisition

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October 30, 2025 · 7:04 PM UTC

Mobix Labs Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Requirement

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October 22, 2025 · 7:00 AM UTC

Mobix Labs Wins Multi-Year U.S. Navy Follow-On Contract as Company Accelerates Growth in Defense and High-Tech Markets

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October 6, 2025 · 7:00 AM UTC

Mobix Labs Moves Decisively with All-Cash $1.30 Per Share Offer for Peraso — a 53% Premium That Signals New Phase of Growth

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