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Mobile Infrastructure Corp
(NASDAQ:BEEP)
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Rating:47Neutral
Price Target:
$2.00
▲(15.61% Upside)
Action:Reiterated
Date:07/24/26
The score is held down primarily by weak financial performance (steep TTM revenue contraction, persistent net losses, and fragile free cash flow) and only neutral technicals. Earnings-call guidance and operational improvements provide some offset, but leverage/liquidity constraints and limited valuation support keep the overall profile cautious.
Positive Factors
Adjusted EBITDA improvement
Sustained adjusted EBITDA growth reflects improving underlying operating margins driven by expense discipline (lower property taxes, stable operating costs, flat G&A). Stronger EBITDA is a durable indicator of operating leverage, supporting debt service capacity and reinvestment over multiple quarters.
Negative Factors
Severe revenue decline and persistent losses
An 86% TTM revenue contraction and large negative net margins indicate scale erosion and chronic unprofitability. This weakens economies of scale, impairs reinvestment, produces negative ROE, and raises the structural challenge of converting operational improvements into sustainable net profits over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Adjusted EBITDA improvement
Sustained adjusted EBITDA growth reflects improving underlying operating margins driven by expense discipline (lower property taxes, stable operating costs, flat G&A). Stronger EBITDA is a durable indicator of operating leverage, supporting debt service capacity and reinvestment over multiple quarters.
Read all positive factors
Mobile Infrastructure Corp (BEEP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$75.40M
Dividend YieldN/A
Average Volume (3M)87.79K
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue Growth-4.51%
EPS Growth-148.20%
CountryUS
Employees18
SectorIndustrials
Sector Strength72
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.63
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 Cap3.50
Enterprise Value/Revenue7.59
Enterprise Value/Gross Profit15.37
Enterprise Value/Ebitda99.49
Forecast
1Y Price Target
$6.25Price Target Upside261.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.42
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
Mobile Infrastructure Corp (BEEP) primarily makes money by generating cash flow from the operation of parking assets it owns. Key revenue streams typically include (1) recurring parking fees from transient (hourly/daily) and contract (monthly) par...
Mobile Infrastructure Corp Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call emphasized operational improvement and disciplined execution: utilization and contract volumes increased, same-location NOI rose 4.4%, adjusted EBITDA grew 8.6%, and the asset rotation program has generated meaningful proceeds used to pay down debt. Management reaffirmed full-year 2026 guidance and outlined clear priorities (utilization, rate recovery, asset rotation, deleveraging). Near-term headwinds include flat reported RevPAR, a small decline in total revenue due to asset dispositions, localized redevelopment and seasonality impacts, and a modest cash balance with ongoing debt. Overall, positive operating momentum and capital allocation progress outweigh the temporary top-line and localized challenges.Positive Updates
Same-Location NOI Growth
Same-location NOI increased 4.4% year-over-year to $4.6M (from $4.4M), driven by expense discipline, lease-to-management-agreement conversions, and property tax appeals.
Negative Updates
Reported Total Revenue Decline
Total revenue declined to $7.9M in Q1 2026 from $8.2M in Q1 2025, primarily due to four assets sold in 2025 (portfolio rotation), highlighting near-term top-line impact of dispositions.
Read all updates
Q1-2026 Updates
Positive
Negative
Same-Location NOI Growth
Same-location NOI increased 4.4% year-over-year to $4.6M (from $4.4M), driven by expense discipline, lease-to-management-agreement conversions, and property tax appeals.
Read all positive updates
Company Guidance
Management reaffirmed full‑year 2026 guidance calling for total revenue of $35.0–$38.0M (about 4% growth at the midpoint vs. 2025 and ~8% growth on a same‑location basis), NOI of $21.5–$23.0M (≈7% growth at the midpoint and ≈10% same‑location), and adjusted EBITDA of $15.0–$16.5M (≈10% growth at the midpoint and ≈13% same‑location); this outlook is driven by continued contract volume growth, venue reopenings, portfolio recoveries and technology/pricing optimization and does not include any future asset sales or acquisitions under the company’s 36‑month, $100M asset rotation program.Mobile Infrastructure Corp Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.77M | 35.08M | 37.01M | 30.27M | 29.10M | 20.42M |
| Gross Profit | 17.18M | -434.00K | 22.63M | 21.11M | 19.27M | 13.46M |
| EBITDA | 2.65M | 5.90M | 13.85M | -15.82M | 2.83M | 3.05M |
| Net Income | -24.61M | -21.44M | -5.76M | -25.12M | -11.12M | -14.06M |
Balance Sheet | ||||||
| Total Assets | 362.78M | 382.46M | 415.06M | 423.24M | 436.11M | 429.15M |
| Cash, Cash Equivalents and Short-Term Investments | 14.19M | 15.28M | 10.65M | 11.13M | 5.76M | 11.80M |
| Total Debt | 199.98M | 208.16M | 213.16M | 192.90M | 219.68M | 207.15M |
| Total Liabilities | 212.71M | 223.42M | 225.79M | 220.28M | 249.10M | 223.32M |
| Stockholders Equity | 132.53M | 141.27M | 169.98M | 109.39M | 87.33M | 98.45M |
Cash Flow | ||||||
| Free Cash Flow | -125.00K | -251.00K | -1.29M | -3.95M | -1.07M | -20.77M |
| Operating Cash Flow | 818.00K | 848.00K | -784.00K | -2.13M | 1.51M | -20.06M |
| Investing Cash Flow | 28.74M | 16.33M | 4.24M | -346.00K | -19.44M | -20.25M |
| Financing Cash Flow | -31.52M | -17.72M | -4.34M | 8.21M | 12.21M | 48.97M |
Mobile Infrastructure Corp Technical Analysis
Neutral
1.73
Price Trends
1.83
Negative
2.00
Negative
2.51
Negative
Market Momentum
<0.01
Negative
51.83
Neutral
36.84
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 1.73 is below the 20-day moving average (MA) of 1.78, below the 50-day MA of 1.83, and below the 200-day MA of 2.51, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.83 is Neutral, neither overbought nor oversold. The STOCH value of 36.84 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $179.59M | 27.72 | 9.69% | 1.86% | -11.77% | 90.48% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $72.91M | -13.12 | -6.41% | ― | ― | -11379.59% | |
48 Neutral | $150.52M | -3.63 | -21.44% | 7.43% | -18.02% | 79.32% | |
47 Neutral | $75.40M | -2.90 | -16.79% | ― | -4.51% | -148.20% | |
47 Neutral | $290.91M | -2.21 | 74.31% | ― | 16.74% | 1.18% |
* Industrials Sector Average
BEEP
Mobile Infrastructure Corp
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2.57
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-64.16%
Mobile Infrastructure Corp Corporate Events
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...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Mobile Infrastructure Extends Loan Maturity, Tightens Interest Terms
Neutral
Jun 30, 2026
On June 29, 2026, Mobile Infrastructure Corporation amended its existing credit agreement with Harvest Small Cap Partners to extend the loan’s maturity date from June 30, 2026 to September 30, 2026, giving the company additional time before ...
Dividends
Mobile Infrastructure Corp Declares Monthly Preferred Stock Dividends
Positive
Jun 29, 2026
On June 24, 2026, Mobile Infrastructure Corporation’s board authorized and declared monthly dividends on its Series A and Series 1 Preferred Stock, reflecting a continuation of its income distribution policy to preferred shareholders. The Ju...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Mobile Infrastructure Shareholders Approve Expanded Incentive Award Plan
Positive
Jun 18, 2026
On June 18, 2026, Mobile Infrastructure Corporation stockholders approved an amended and restated 2023 Incentive Award Plan that increases the pool of common shares available for equity awards by 3,000,000, reinforcing the company’s use of s...
Dividends
Mobile Infrastructure Declares Monthly Dividends on Preferred Shares
Positive
May 26, 2026
On May 22, 2026, Mobile Infrastructure Corporation’s board authorized and declared monthly dividends on its Series A and Series 1 preferred stock, setting payments of $4.791 per share and $4.583 per share, respectively, to be paid on or abou...
Business Operations and StrategyFinancial Disclosures
Mobile Infrastructure Reports Q1 Results, Advances Asset Rotation
Neutral
May 12, 2026
Mobile Infrastructure Corporation reported first quarter 2026 results on May 12, 2026, showing total revenue of $7.9 million, down 3.7% year over year, as asset sales in 2025 weighed on the top line even as same-location revenue remained flat. Des...
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.