Mobile Infrastructure Corp (BEEP)
NASDAQ:BEEP
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Mobile Infrastructure Corp
(NASDAQ:BEEP)
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Rating:47Neutral
Price Target:
$2.50
▲(15.21% Upside)
Action:ReiteratedDate:03/26/26
The score is held down primarily by weak financial performance (persistent losses, 2025 margin setback, leverage, and inconsistent free cash flow) and bearish technicals (below key moving averages with negative MACD). Partially offsetting these are a moderately constructive 2026 outlook from the earnings call and limited support from valuation, while corporate events add only a small, mixed impact.
Positive Factors
Recurring Contract Revenue
Growing contract parking (6,700+ contracts, 10% same-store growth) and a 60% rise in residential contracts diversify revenue toward recurring, 24/7 streams. That structural shift reduces event-driven volatility and supports steadier revenue and margin recovery as portfolio scale increases.
Negative Factors
Multi-year Net Losses
Persistent multi-year net losses and a sharp 2025 margin deterioration (-61%) signal structural profitability issues. Sustained losses erode equity, limit reinvestment and raise the bar for operational execution needed to deliver durable returns and restore investor confidence over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Contract Revenue
Growing contract parking (6,700+ contracts, 10% same-store growth) and a 60% rise in residential contracts diversify revenue toward recurring, 24/7 streams. That structural shift reduces event-driven volatility and supports steadier revenue and margin recovery as portfolio scale increases.
Read all positive factors
Mobile Infrastructure Corp (BEEP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$88.99M
Dividend YieldN/A
Average Volume (3M)87.79K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-0.76%
EPS Growth28.97%
CountryUS
Employees18
SectorIndustrials
Sector Strength72
IndustryReal Estate - General
Share Statistics
EPS (TTM)-0.19
Shares Outstanding41,200,000
10 Day Avg. Volume67,045
30 Day Avg. Volume87,786
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 Cap3.20
Enterprise Value/Revenue8.12
Enterprise Value/Gross Profit23.06
Enterprise Value/Ebitda47.41
Forecast
1Y Price Target
$6.17Price Target Upside184.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.31
Revenue Forecast (FY)$36.99M
Mobile Infrastructure Corp Business Overview & Revenue Model
Company Description
Mobile Infrastructure Corporation is a Maryland corporation formed on May 4, 2015. The Company focuses on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking struct...
How the Company Makes Money
null...
Mobile Infrastructure Corp Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: near‑term operating and financial results were pressured in 2025 by transient volume declines, construction‑related disruptions and modest decreases in RevPAS, NOI and full‑year adjusted EBITDA. Offsetting these headwinds are meaningful operational progress (10% contract growth, +60% residential contracts), capital actions (>$30M asset rotation underway, $100M ABS, ~$10M LOC paydown, share repurchases), and constructive 2026 guidance that implies recovery and double‑digit adjusted growth on a same‑portfolio basis. Management emphasized tangible recovery catalysts (venue reopenings, return‑to‑office momentum) and ongoing technology/operational initiatives still expected to drive improvement in 2026.Positive Updates
Contract Parking Growth and Scale
Ended 2025 with over 6,700 contracts in baseline assets; same-store contract sales growth of 10% year‑over‑year and 12% growth when excluding temporary disruption in Detroit. Contract Parking represents ~35% of management agreement revenue, providing recurring, stable revenue.
Negative Updates
Full‑Year Revenue Decline
Total revenue for 2025 was $35.1M vs $37.0M in 2024, a decrease of 5.2%, driven primarily by transient volume headwinds tied to fewer events and construction‑related disruptions.
Read all updates
Q4-2025 Updates
Positive
Negative
Contract Parking Growth and Scale
Ended 2025 with over 6,700 contracts in baseline assets; same-store contract sales growth of 10% year‑over‑year and 12% growth when excluding temporary disruption in Detroit. Contract Parking represents ~35% of management agreement revenue, providing recurring, stable revenue.
Read all positive updates
Company Guidance
For 2026 management guided revenue of $35.0 million to $38.0 million (midpoint $36.5M), which they say represents ~4% growth over 2025 ($35.1M) and roughly 8% growth on a same-portfolio basis (adjusting for 2025 asset sales); net operating income is guided to $21.5M–$23.0M (midpoint ≈7% growth over 2025 NOI of $20.7M, ~10% on an adjusted basis); adjusted EBITDA is guided to $15.0M–$16.5M (midpoint ≈10% growth over 2025 adjusted EBITDA of $14.3M, ~13% on an adjusted basis); the guidance excludes any future asset sales or acquisitions beyond contracted deals (which, if completed, would be reflected in an update but are expected to have relatively modest NOI impact). The outlook assumes continued Contract Parking volume growth (building on 10% contract growth in 2025), transient recovery where construction disruptions have been resolved, and further return-to-office momentum.Mobile Infrastructure Corp Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
46
Neutral
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.08M | 37.01M | 30.27M | 29.10M | 20.42M |
| Gross Profit | -434.00K | 22.63M | 21.11M | 19.27M | 13.46M |
| EBITDA | 5.90M | 13.85M | -15.82M | 2.83M | 3.05M |
| Net Income | -21.44M | -5.76M | -25.12M | -11.12M | -14.06M |
Balance Sheet | |||||
| Total Assets | 382.46M | 415.06M | 423.24M | 436.11M | 429.15M |
| Cash, Cash Equivalents and Short-Term Investments | 15.28M | 10.65M | 11.13M | 5.76M | 11.80M |
| Total Debt | 208.16M | 213.16M | 192.90M | 219.68M | 207.15M |
| Total Liabilities | 223.42M | 225.79M | 220.28M | 249.10M | 223.32M |
| Stockholders Equity | 141.27M | 169.98M | 109.39M | 87.33M | 98.45M |
Cash Flow | |||||
| Free Cash Flow | -251.00K | -1.29M | -3.95M | -1.07M | -20.77M |
| Operating Cash Flow | 848.00K | -784.00K | -2.13M | 1.51M | -20.06M |
| Investing Cash Flow | 16.33M | 4.24M | -346.00K | -19.44M | -20.25M |
| Financing Cash Flow | -17.72M | -4.34M | 8.21M | 12.21M | 48.97M |
Mobile Infrastructure Corp Technical Analysis
Negative
2.17
Price Trends
2.72
Negative
2.77
Negative
3.22
Negative
Market Momentum
-0.15
Negative
37.00
Neutral
42.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEP, the sentiment is Negative. The current price of 2.17 is below the 20-day moving average (MA) of 2.33, below the 50-day MA of 2.72, and below the 200-day MA of 3.22, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 37.00 is Neutral, neither overbought nor oversold. The STOCH value of 42.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BEEP.
Mobile Infrastructure Corp Risk Analysis
Mobile Infrastructure Corp disclosed 83 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $143.92M | 23.25 | 10.52% | 2.55% | -12.65% | 368.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | $88.99M | -4.82 | -7.80% | ― | -0.76% | 28.97% | |
45 Neutral | $124.27M | -3.31 | -49.24% | 6.74% | -10.83% | -1669.11% | |
42 Neutral | $85.58M | -23.45 | -4.66% | ― | ― | -116.40% |
* Industrials Sector Average
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Mobile Infrastructure Corp Corporate Events
DividendsPrivate Placements and Financing
Mobile Infrastructure Extends Credit Facility, Declares Preferred Dividends
Positive
Mar 25, 2026
On March 24, 2026, Mobile Infrastructure Corporation entered into a third amendment to its existing credit agreement with Harvest Small Cap Partners entities, extending the maturity date of the facility from March 31, 2026 to June 30, 2026, in a t...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Mobile Infrastructure Corp Highlights 2025 Results and Outlook
Neutral
Mar 2, 2026
Mobile Infrastructure Corporation reported fourth-quarter and full-year 2025 results on March 2, 2026, showing modest revenue declines but stable operating metrics as it shifted toward more contracted, recurring parking income. Total revenue fell ...
Dividends
Mobile Infrastructure Declares Monthly Dividends on Preferred Shares
Positive
Feb 24, 2026
On February 24, 2026, Mobile Infrastructure Corporation’s board authorized and declared monthly cash dividends on its Series A and Series 1 Preferred Stock, reflecting continued capital returns to holders of these securities. The company set...
Dividends
Mobile Infrastructure Corp Declares January Preferred Stock Dividends
Positive
Jan 20, 2026
On January 20, 2026, Mobile Infrastructure Corporation’s board of directors authorized and declared monthly cash dividends on its preferred stock, including the Series A Preferred Stock at a rate of $4.791 per share and the Series 1 Preferre...
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.