Mobile Infrastructure Corp BEEP
Mobile Infrastructure Corporation is a Maryland corporation, publicly traded on The Nasdaq Stock Market LLC ("Nasdaq") under the ticker "BEEP." We focus on acquiring, owning and optimizing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. We target both parking garage and surface lot properties primarily in the top 50 U.S. Metropolitan Statistical Areas ("MSAs"), with proximity to key demand drivers, such as commerce, events and venues, government and institutions, hospitality and multifamily central business districts. As of December 31, 2025, we own 36 parking facilities in 19 separate markets throughout the United States, with a total of approximately 13,500 parking spaces and approximately 4.7 million square feet. We also own approximately 0.2 million square feet of commercial space adjacent to our parking facilities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $35.1M | $37.0M | $30.3M | $29.1M | — | — |
| SG&A | $8.0M | $10.8M | $13.2M | $8.5M | — | — |
| Total operating expenses | $38.2M | $35.5M | $60.5M | $34.9M | — | — |
| Operating income | — | — | — | -$2.7M | — | — |
| Interest expense | $19.0M | $13.8M | $13.9M | $12.9M | — | — |
| Pre-tax income | -$21.4M | -$5.8M | -$25.1M | -$8.1M | — | — |
| Income tax | $0 | $0 | $41.0K | $29.0K | — | — |
| Net income | -$21.4M | -$5.8M | -$25.1M | -$8.1M | — | — |
| EPS, basic | -0.55 | -0.24 | -2.45 | -0.85 | — | — |
| Shares, diluted (wtd. avg.) | $40.5M | $32.0M | $13.2M | $13.1M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $8.3M | $10.7M | $11.1M | $5.8M | $11.8M | $0 |
| Total current assets | — | — | — | $725.2K | $1.9M | — |
| Other intangibles | $5.7M | $10.1M | $10.2M | $10.1M | — | — |
| Total assets | $382.5M | $415.1M | $423.2M | $436.1M | $276.9M | — |
| Accounts payable | — | — | — | $287.5K | $87.1K | — |
| Short-term debt | — | $29.9M | $96.3M | — | — | — |
| Total current liabilities | — | — | — | $412.5K | $299.8K | — |
| Long-term debt | $198.3M | $188.2M | $135.2M | — | — | — |
| Total liabilities | $223.4M | $225.8M | $220.3M | $249.1M | $9.9M | — |
| Retained earnings | -$161.5M | -$140.1M | -$134.3M | -$109.2M | -$8.1M | — |
| Total equity | $141.3M | $170.0M | $203.0M | $187.0M | $205.8M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $848.0K | -$784.0K | -$2.1M | $1.5M | — | — |
| Depreciation and amortisation | $10.6M | $8.4M | $8.5M | $8.2M | — | — |
| Stock-based compensation | $3.1M | $5.7M | $7.5M | $2.5M | — | — |
| Investing cash flow | $16.3M | $4.2M | -$346.0K | -$19.4M | — | — |
| Financing cash flow | -$17.7M | -$4.3M | $8.2M | $12.2M | — | — |
| Dividends paid | — | — | $791.0K | $0 | — | — |
| Buybacks | $4.0M | $1.3M | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-007063.
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