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Mobile Infrastructure Corp
(NASDAQ:BEEP)
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Rating:51Neutral
Price Target:
$3.00
▲(0.00% Upside)
Action:Reiterated
Date:10/06/26
The score is held back primarily by weak financial performance (shrinking TTM revenue, persistent losses, and negative free cash flow) and limited valuation support given ongoing losses. Partially offsetting this are constructive earnings-call signals (reaffirmed 2026 growth guidance, improving same-location metrics, and deleveraging progress) and a technically improving price trend, though momentum indicators remain mixed.
Positive Factors
Same-location operating growth
Improving same-location NOI, utilization, and revenue indicate stronger performance from the existing portfolio rather than growth driven only by acquisitions. Higher utilization and operating leverage can support more durable earnings improvement as management converts volume gains into pricing and rate growth.
Negative Factors
Shrinking revenue and persistent losses
A substantial TTM revenue decline and recurring net losses indicate that the company has not yet translated its operating platform into durable bottom-line profitability. Persistent losses can constrain reinvestment, weaken financial resilience, and make future growth more dependent on asset sales or financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Same-location operating growth
Improving same-location NOI, utilization, and revenue indicate stronger performance from the existing portfolio rather than growth driven only by acquisitions. Higher utilization and operating leverage can support more durable earnings improvement as management converts volume gains into pricing and rate growth.
Read all positive factors
Mobile Infrastructure Corp (BEEP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$112.75M
Dividend YieldN/A
Average Volume (3M)26.07K
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth-4.06%
EPS Growth-99.31%
CountryUS
Employees18
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)-0.60
Shares Outstanding41,300,000
10 Day Avg. Volume35,246
30 Day Avg. Volume26,070
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.73
Price to Sales (P/S)2.94
P/FCF Ratio-411.43
Enterprise Value/Market Cap2.29
Enterprise Value/Revenue7.44
Enterprise Value/Gross Profit18.33
Enterprise Value/Ebitda84.93
Forecast
1Y Price Target
$6.25Price Target Upside108.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.38
Revenue Forecast (FY)$33.72M
Mobile Infrastructure Corp Business Overview & Revenue Model
Company Description
Mobile Infrastructure Corporation owns a diversified portfolio of parking assets throughout the United States. As of December 31, 2025, the Company owned 36 parking facilities in 19 separate markets throughout the United States, with a total of 13...
How the Company Makes Money
null...
Mobile Infrastructure Corp Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
Overall the call was constructive and tilted positive: management reported broad-based operational improvement (utilization, RevPAS, contract volumes), strong same-location NOI and adjusted EBITDA growth, active deleveraging and asset rotation progress, and reaffirmed full-year guidance. Remaining negatives include a slight decline in reported revenue due to dispositions, pockets of higher operating/G&A expense, continued material net debt, timing and execution risk on asset sales, and uncertainty related to a take-private proposal.Positive Updates
Same-Location NOI Growth
Same-location NOI increased 12% year-over-year to $5.9M (from $5.2M), driven by same-location revenue growth, lease-to-management conversions, active property tax appeals, and expense discipline.
Negative Updates
Reported Revenue Slight YoY Decline (Due to Dispositions)
Total reported revenue was $8.9M in Q2 2026 vs $9.0M in Q2 2025. The modest decline was attributed to assets sold in 2025 and 2026, despite positive same-location organic growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Same-Location NOI Growth
Same-location NOI increased 12% year-over-year to $5.9M (from $5.2M), driven by same-location revenue growth, lease-to-management conversions, active property tax appeals, and expense discipline.
Read all positive updates
Company Guidance
Management reaffirmed full‑year 2026 guidance calling for total revenue of $35.0M–$38.0M (≈4% growth at the midpoint vs. 2025; ≈8% same‑location), NOI of $21.5M–$23.0M (≈7% YoY at midpoint; ≈10% same‑location) and adjusted EBITDA of $15.0M–$16.5M (≈10% YoY at midpoint; ≈13% same‑location); that outlook excludes any future asset sales and is driven by continued contract volume growth, venue reopenings and pricing/technology initiatives. Management pointed to Q2 momentum underpinning the guidance: same‑location NOI +12% to $5.9M, same‑location revenue +5.6%, contract volumes +12% YoY (+7% sequential), transient transactions +3% YoY, RevPAS ≈ $225 in the quarter (T12M RevPAS > $200), trailing‑12‑month utilization 70% (up 5 ppt YoY), Q2 adjusted EBITDA $4.1M (+5.5% YoY), cash $10.9M, total net debt $197.1M (Q2 paydowns of $3.7M principal and $0.8M accrued interest; $22.6M total debt repaid YTD), and asset‑rotation proceeds >$30M with ~ $25M of transactions under negotiation.Mobile Infrastructure Corp Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
45
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.67M | 35.08M | 37.01M | 30.27M | 29.10M | 20.42M |
| Gross Profit | 14.07M | -434.00K | 22.63M | 21.11M | 19.27M | 13.46M |
| EBITDA | 3.04M | 5.90M | 13.85M | -15.82M | 2.83M | 3.05M |
| Net Income | -23.31M | -21.44M | -5.76M | -25.12M | -8.12M | -11.06M |
Balance Sheet | ||||||
| Total Assets | 358.34M | 382.46M | 415.06M | 423.24M | 436.11M | 429.15M |
| Cash, Cash Equivalents and Short-Term Investments | 10.91M | 15.28M | 10.65M | 11.13M | 5.76M | 11.80M |
| Total Debt | 197.08M | 208.16M | 213.16M | 192.90M | 219.68M | 207.15M |
| Total Liabilities | 211.41M | 223.42M | 225.79M | 220.28M | 249.10M | 223.32M |
| Stockholders Equity | 129.33M | 141.27M | 169.98M | 109.39M | 87.33M | 98.45M |
Cash Flow | ||||||
| Free Cash Flow | -146.00K | -251.00K | -1.29M | -3.95M | -1.07M | -20.77M |
| Operating Cash Flow | 751.00K | 848.00K | -784.00K | -2.13M | 1.51M | -20.06M |
| Investing Cash Flow | 28.66M | 16.33M | 4.24M | -346.00K | -19.44M | -20.25M |
| Financing Cash Flow | -34.36M | -17.72M | -4.34M | 8.21M | 12.21M | 48.97M |
Mobile Infrastructure Corp Technical Analysis
Neutral
3.00
Price Trends
2.72
Positive
2.28
Positive
2.41
Positive
Market Momentum
<0.01
Positive
47.37
Neutral
46.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEP, the sentiment is Neutral. The current price of 3 is above the 20-day moving average (MA) of 2.81, above the 50-day MA of 2.72, and above the 200-day MA of 2.41, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of 46.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BEEP.
Mobile Infrastructure Corp Risk Analysis
Mobile Infrastructure Corp disclosed 46 risk factors in its most recent earnings report. Mobile Infrastructure Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mobile Infrastructure Corp Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $239.08M | 29.15 | 11.98% | 1.33% | -7.54% | 237.08% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $112.75M | -4.55 | -16.81% | ― | -4.06% | -99.31% | |
49 Neutral | $254.35M | -1.58 | 132.61% | ― | 114.81% | -404.13% | |
48 Neutral | $54.89M | -7.49 | -6.55% | ― | ― | 98.87% | |
47 Neutral | $98.20M | -2.08 | -25.92% | 9.89% | -19.60% | 76.21% |
* Industrials Sector Average
BEEP
Mobile Infrastructure Corp
2.73
-0.53
-16.26%
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2.83
-1.20
-29.76%
HQI
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100.19%
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5.74
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SHMD
SCHMID Group NV
3.82
1.27
49.80%
PEW
GrabAGun Digital Holdings
1.86
-2.77
-59.83%
Mobile Infrastructure Corp Corporate Events
DividendsPrivate Placements and Financing
Mobile Infrastructure Extends Credit Agreement and Declares Dividends
Positive
Sep 23, 2026
On September 22, 2026, Mobile Infrastructure Corporation amended its existing credit agreement with Harvest Small Cap Partners to extend the loan’s maturity date from September 30, 2026 to December 31, 2026, in a transaction classified as a ...
Dividends
Mobile Infrastructure Declares Monthly Preferred Stock Dividends
Positive
Aug 18, 2026
Mobile Infrastructure Corporation’s board of directors on August 17, 2026 authorized and declared monthly cash dividends on its preferred stock, signaling continued income distributions to investors. The company set payments of $4.791 per sh...
Business Operations and StrategyFinancial Disclosures
Mobile Infrastructure Corp Reports Strong Q2 Parking Performance
Positive
Aug 11, 2026
For the second fiscal quarter ended June 30, 2026, Mobile Infrastructure reported stable total revenue of $8.9 million, down slightly from a year earlier due to asset sales, but stronger same-location revenue and profitability metrics. Same-locati...
Business Operations and StrategyM&A Transactions
Mobile Infrastructure Evaluates Insider Buyout Proposal and Alternatives
Neutral
Aug 6, 2026
Mobile Infrastructure Corporation, the only publicly traded U.S. owner focused solely on parking infrastructure, operates 35 parking facilities across 18 markets, with more than 13,000 spaces and significant associated retail and commercial square...
Dividends
Mobile Infrastructure Corp Declares Monthly Preferred Dividends
Positive
Jul 23, 2026
On July 22, 2026, Mobile Infrastructure Corporation’s board authorized and declared monthly cash dividends on its Series A and Series 1 Preferred Stock, marking a continuation of its return-of-capital practices to preferred shareholders. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.