B
Mobile Infrastructure Corp
BEEPCIK 0001847874NasdaqEmerging GrowthReal EstateFY ends Dec 31
Period
FY 2025
Revenue
$35.08M
Net Income
$-21.44M
Total Assets
$382.46M
Equity
$141.27M
Shares Out
41.20M
Op. Cash Flow
$848.0K
Business
Mobile Infrastructure Corp acquires, owns and optimizes parking facilities and related infrastructure across the United States. The company offers ownership and asset management of parking lots, parking garages and other parking structures, and pursues ancillary services such as EV charging, solar, rideshare staging, fleet management, wireless infrastructure and adjacent commercial leasing. Its operations include property-level asset management and lease arrangements with third‑party operators, as well as an internal sales and optimization function. The company targets parking assets in major U.S. metropolitan areas near commerce, venues, government, hospitality and multifamily demand drivers.
Summary from filing dated 2025-03-11
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Managed property revenue | 29 | 28 | 0 | 427,000 | |
| Total revenues | 35 | 37 | 30 | 29 | |
| Property taxes | 7 | 7 | 7 | 7 | |
| Property operating expense | 7 | 7 | 2 | 3 | |
| Depreciation and amortization | 11 | 8 | 9 | 8 | |
| General and administrative | 8 | 11 | 13 | 9 | |
| Professional fees | 2 | 2 | 2 | 3 | |
| Impairment | 4 | 200,000 | 9 | 0 | |
| Total expenses | 38 | 35 | 61 | 35 | |
| Interest expense, net | −19 | −14 | −14 | — | |
| Loss on extinguishment of debt | −3 | 0 | 0 | 328,000 | |
| (Loss) gain on sale of real estate | −124,000 | 3 | 660,000 | −52,000 | |
| Other income, net | 256,000 | 434,000 | 1 | — | |
| Change in fair value of Earn-Out liability | 935,000 | 844,000 | 4 | 0 | |
| Total other expense | −21 | −10 | −8 | −13 | |
| Net loss | −24 | −8 | −38 | −18 | |
| Net loss attributable to non-controlling interest | −2 | −3 | −13 | −10 | |
| Net loss attributable to Mobile Infrastructure Corporations stockholders | −21 | −6 | −25 | −8 | |
| Net loss attributable to Mobile Infrastructure Corporations common stockholders | −22 | −8 | −32 | −11 | |
| Net loss per share attributable to Mobile Infrastructure Corporations common stockholders - basic and diluted (in dollars per share) | −0.55 | −0.24 | −2.45 | −0.85 | |
| Weighted average common shares outstanding, basic and diluted (in shares) | 40 | 32 | 13 | 13 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Land and Land Improvements | 151 | 158 | 161 | 166 | — | |
| Buildings and improvements | 245 | 260 | 261 | 273 | — | |
| Construction in progress | 87,000 | 13,000 | 300,000 | 1 | — | |
| Intangible assets | 6 | 10 | 10 | 10 | — | |
| Accumulated depreciation and amortization | −39 | −38 | −30 | −31 | — | |
| Total investments in real estate, net | 362 | 390 | 403 | 419 | — | |
| Cash and cash equivalents | 8 | 11 | 11 | 442,673 | — | |
| Cash restricted | 7 | 5 | 6 | 5 | — | |
| Accounts receivable, net | 4 | 4 | 2 | — | — | |
| Notes receivable | 0 | 3 | 0 | — | — | |
| Other assets | 1 | 3 | 1 | 1 | — | |
| Total assets | 382 | 415 | 423 | 436 | 277 | |
| Notes payable, net | 182 | 186 | 134 | 147 | — | |
| Line of credit | 26 | 27 | 0 | — | — | |
| Accrued preferred distributions and redemptions | 67,000 | 596,000 | 10 | 9 | — | |
| Earn-Out liability | 0 | 935,000 | 2 | 0 | — | |
| Total liabilities | 223 | 226 | 220 | 249 | 6 | |
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 39,662,049 and 40,376,974 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 2,000 | 2,000 | 2,000 | 0 | — | |
| Warrants issued and outstanding 2,553,192 warrants as of December 31, 2025 and December 31, 2024 | 3 | 3 | 3 | 3 | — | |
| Additional paid-in capital | 299 | 307 | 262 | 193 | 0 | |
| Accumulated deficit | −161 | −140 | −134 | −109 | −5 | |
| Total Mobile Infrastructure Corporation Stockholders Equity | 141 | 170 | 131 | 87 | −5 | |
| Non-controlling interest | 18 | 19 | 72 | 100 | — | |
| Total equity | 159 | 189 | 203 | 187 | — | |
| Total liabilities and equity | 382 | 415 | 423 | 436 | 277 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization expense | 11 | 8 | 9 | 8 | |
| Amortization of loan costs and discounts | 3 | 1 | 1 | 2 | |
| Gain on settlement of liability | 0 | −823,000 | −1 | 0 | |
| Loss on interest rate hedge | 167,000 | 55,000 | 151,000 | 0 | |
| Equity-based payment | 3 | 6 | 7 | 3 | |
| Due to/from related parties | 23,000 | −3,000 | 156,000 | 470,000 | |
| Accounts payable and accrued expenses | 5 | −2 | 3 | 7 | |
| Indemnification liability | 0 | −350,000 | 0 | — | |
| Deposits | −105,000 | 0 | — | — | |
| Other assets | 407,000 | −320,000 | −101,000 | −267,000 | |
| Accounts receivable, net | −516,000 | −1 | −420,000 | 2 | |
| Net cash provided by (used in) operating activities | 848,000 | −784,000 | −2 | 2 | |
| Capital expenditures | −1 | −511,000 | −2 | −2 | |
| Insurance reimbursement for capital expenditures | 309,000 | 0 | — | — | |
| Proceeds from note receivable | 3 | 0 | — | — | |
| Proceeds on sale of investment in real estate | 14 | 5 | — | — | |
| Net cash provided by investing activities | 16 | 4 | −346,000 | −19 | |
| Proceeds from Line of Credit | 8 | 27 | 0 | 74 | |
| Proceeds from notes payable | 88 | 93 | 0 | — | |
| Payments on notes payable | −90 | −40 | −14 | −59 | |
| Payments on Revolving Credit Facility | 0 | −59 | −15 | 0 | |
| Payments on Line of Credit | −9 | 0 | — | — | |
| Distributions to non-controlling interest holders | −185,000 | −208,000 | −463,000 | — | |
| Purchase of minority interest in subsidiary | 0 | −2 | 0 | 0 | |
| Loan fees | −4 | −3 | 0 | −3 | |
| Share repurchase plan | −4 | −1 | 0 | — | |
| Shares repurchased for vesting of employee awards | −135,000 | −133,000 | 0 | — | |
| Preferred redemption payments | −6 | −11 | 0 | — | |
| Preferred distribution payments | −989,000 | −10 | 0 | — | |
| Net cash used in financing activities | −18 | −4 | 8 | 12 | |
| Net change in cash and cash equivalents and restricted cash | −535,000 | −892,000 | 6 | −6 | |
| Interest Paid | 13 | 11 | 13 | 11 | |
| Accrued preferred distributions paid in common stock | 0 | 2 | — | — | |
| Right of use asset and lease liability | 0 | 332,000 | 0 | — | |
| Requested preferred redemptions not yet paid | 0 | 503,000 | 0 | — | |
| Accrued capital expenditures | 15,000 | 595,000 | 647,000 | 1 |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro