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MOBXW

Mobix Labs, Inc.

MOBXW

Mobix Labs, Inc. • NASDAQ
$0.13 ▲ 1.95% (+0.00)
Market Cap $85.36 M
52w High $0.14
52w Low $0.11
Dividend Yield 0%
P/E 0
Volume 3.00K
Outstanding Shares 626.02M

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 is still essentially a pre‑revenue semiconductor company. Reported sales so far are almost negligible, while operating expenses – mainly for people, product development, and corporate costs – drive recurring losses each year. Those losses are meaningful relative to the tiny size of the business, but they have been fairly stable rather than rapidly worsening. In practice, the company is still in the build‑out phase: investing ahead of meaningful revenue, with profitability entirely dependent on successfully scaling sales in the future.

Balance Sheet

Balance Sheet The balance sheet is very small and quite thin. Total assets are modest, cash on hand is limited, and equity has only recently moved from slightly negative to slightly positive. On the positive side, there is little formal debt, so leverage is low. However, the overall financial cushion appears narrow, which can leave the company more exposed to setbacks, delays in contracts, or higher‑than‑planned expenses. Future growth and stability will likely depend on continued access to external capital or successful ramp‑up of higher‑margin business.

Cash Flow

Cash Flow Mobix Labs has been consistently using cash rather than generating it. Operating cash flow has been negative every year, reflecting that ongoing costs are not yet covered by revenue. Capital spending is minimal, which fits a fabless, asset‑light model, so most cash burn is tied to operating activities rather than big equipment purchases. This pattern is typical for an early‑stage technology company, but it also means the business remains reliant on fundraising, strategic deals, or new contracts to sustain operations and fund its growth plans.

Competitive Edge

Competitive Edge Competitively, Mobix Labs is positioning itself in specialized, higher‑barrier niches rather than broad commodity markets. Its focus on millimeter‑wave, EMI filtering, and high‑reliability interconnects for aerospace, defense, medical, and advanced data infrastructure helps differentiate it from larger, more generalist chip companies. Relationships with demanding customers and use in mission‑critical systems suggest a degree of trust and switching cost once designed in. At the same time, the company is still small and must compete against much larger, better‑funded players, so customer concentration, program delays, and pricing pressure remain meaningful risks.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Mobix Labs’ story. The company emphasizes proprietary millimeter‑wave designs, custom EMI filtering, and active optical interconnects, all backed by a growing patent portfolio. Its work in areas like low‑latency connectivity and AI‑assisted power‑efficient 5G infrastructure shows a push toward emerging, higher‑value segments. Partnerships and acquisitions are being used to expand capabilities and market reach rather than relying only on internal R&D. The key uncertainty is execution: turning strong technical assets and patents into stable, repeatable revenue streams in markets with long qualification cycles and demanding customers.

Summary

Mobix Labs looks like a classic early‑stage, technology‑rich semiconductor story: very little current revenue, steady operating losses, and a thin balance sheet, but with an emphasis on differentiated products in attractive niches such as 5G, aerospace, defense, medical imaging, and high‑speed data centers. Its strengths lie in specialized know‑how, patents, and relationships in high‑reliability markets, supported by experienced leadership and an active acquisition strategy. Offsetting that, the company’s small scale, ongoing cash burn, and reliance on future contract wins and capital access introduce considerable uncertainty. Future results will hinge on how quickly and reliably Mobix Labs can convert its technical and strategic positioning into meaningful, sustainable cash‑generating business.