Mobix Labs (MOBX) AI Stock Analysis

• Market Cap: $21.71M
• Dividend Yield: N/A
• Average Volume (3M): 1.68M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 50
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.26
• Shares Outstanding: 94,308,040
• 10 Day Avg. Volume: 2,079,468
• 30 Day Avg. Volume: 1,678,278
• PEG Ratio: -0.02
• Price to Book (P/B): -109.08
• Price to Sales (P/S): 3.70
• P/FCF Ratio: -3.62
• Enterprise Value/Market Cap: 1.94
• Enterprise Value/Revenue: 4.26
• Enterprise Value/Gross Profit: 8.42
• Enterprise Value/Ebitda: -0.96
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $0.23 ▼(-14.81% Downside)

The score is primarily constrained by weak financial performance (heavy losses, persistent cash burn, rising leverage, and equity turning negative). Technicals add additional pressure with a strong downtrend and negative momentum, while valuation is limited by loss-making results and the absence of a dividend.

Positive Factors

Sustained Revenue Scaling

Material multi-year top-line growth demonstrates product-market fit and expanding commercial traction in connectivity and defense end markets. Sustained revenue scaling supports investment in R&D and capacity, improving the potential for fixed-cost leverage and long-term margin expansion if growth steadies.

Improving Product Economics

A +10pp gross margin improvement indicates meaningful gains in product mix, pricing, or manufacturing efficiency. Higher gross margins are a durable enabler for future operating leverage; if sustained, they reduce the revenue needed to cover fixed costs and shorten the runway to operating profitability.

Defense Contracts & Capacity Expansion

Multi-year Navy production contracts and investment in a military-approved facility create durable, sticky revenue streams and higher barriers to entry. Consolidating West Coast operations and adding experienced management for EMI/defense manufacturing strengthens delivery reliability and supports scale in specialized defense markets.

Negative Factors

Negative Equity & Rising Leverage

A negative equity position and higher debt materially constrain financial flexibility and increase refinancing risk. Reliance on external capital to fund operations raises default and dilution risk, making long-term strategic options and investment less certain until capitalization is stabilized.

Persistent Cash Burn

Sustained negative operating and free cash flow indicates the core business does not yet self-fund growth or cover capex. Continued cash burn necessitates recurring financing, increasing dilution risk and diverting management focus from long-term execution to liquidity management unless cash generation turns positive.

Volatile Growth & Recent Revenue Dip

High year-to-year volatility and a recent decline reduce predictability of future demand and complicate capacity planning. This undermines the sustainability of margin improvements and makes securing long-term contracts, inventory management, and investment timing more challenging for management.

Mobix Labs Business Overview & Revenue Model

Company Description

Mobix Labs, Inc., a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products. The company was incorporated in 2020 and is based in Irvine, California. Mobix Labs, Inc. operates as a subsidiary of YDENS HOLDINGS, LLC.

How the Company Makes Money

Mobix Labs generates revenue through multiple streams, primarily by charging clients for custom mobile application development projects and ongoing maintenance services. The company employs a project-based pricing model, which allows it to tailor pricing based on the specific requirements and complexity of each project. Additionally, Mobix Labs offers subscription-based services for its software solutions, enabling businesses to access premium features and continuous updates. Significant partnerships with technology providers and industry leaders enhance its market reach and credibility, contributing to a steady influx of projects and recurring revenue from long-term contracts.

Mobix Labs Financial Statement Overview

Summary

Despite revenue scaling materially over several years and gross profit turning positive, profitability remains very weak with deeply negative EBIT/net income and losses widening in 2025. Balance sheet risk increased as equity turned slightly negative and debt rose, while cash flow remains materially negative (only modestly improved in 2025), implying ongoing funding needs.

Income Statement

Revenue scaled up materially over the last few years (from ~$0.4M in 2021 to ~$9.9M in 2025), but growth is volatile and most recently declined (-9.76% in 2025). Gross profit turned positive and expanded in dollars, indicating improving product economics, yet profitability remains very weak: EBIT and net income are deeply negative across all periods, with losses widening in 2025 (net loss ~$46.1M). Overall, the company shows early top-line progress but continues to run at a heavy operating loss.

Balance Sheet

The balance sheet shows meaningful strain: stockholders’ equity moved from positive in 2024 (~$5.5M) to slightly negative in 2025 (~-$0.3M), which reduces financial flexibility. Debt increased to ~$8.8M in 2025 (up from ~$4.9M in 2024), adding leverage at a time when earnings are materially negative. While total assets remain sizable (~$37.1M in 2025), the negative equity position is a key risk factor and suggests reliance on external capital.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow both materially below zero each year. There is some improvement in 2025 (operating cash flow around -$10.1M vs. -$18.4M in 2024; free cash flow growth positive), but the business still consumes significant cash, implying ongoing funding needs. The direction is modestly better, but sustainability remains a concern until cash burn materially narrows or turns positive.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.91M	9.91M	6.44M	1.22M	3.31M	435.00K
Gross Profit	5.01M	5.01M	2.55M	-396.00K	457.00K	138.00K
EBITDA	-43.80M	-37.69M	-18.87M	-34.91M	-22.43M	-21.00M
Net Income	-46.13M	-46.13M	-20.03M	-39.62M	-23.87M	-19.99M
Balance Sheet
Total Assets	37.11M	37.11M	39.09M	18.75M	15.48M	18.88M
Cash, Cash Equivalents and Short-Term Investments	3.27M	3.27M	266.00K	89.00K	178.00K	1.01M
Total Debt	6.55M	6.55M	4.88M	8.19M	6.30M	3.41M
Total Liabilities	37.45M	37.45M	33.56M	24.09M	24.90M	18.95M
Stockholders Equity	-336.00K	-336.00K	5.53M	-5.34M	-9.42M	-63.00K
Cash Flow
Free Cash Flow	-10.11M	-10.11M	-18.43M	-15.26M	-16.51M	-12.39M
Operating Cash Flow	-10.11M	-10.11M	-18.39M	-14.63M	-16.46M	-10.94M
Investing Cash Flow	1.00K	1.00K	-1.11M	-633.00K	244.00K	-1.39M
Financing Cash Flow	6.46M	6.46M	19.67M	15.17M	15.38M	13.07M

Mobix Labs Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOBX, the sentiment is Negative. The current price of 0.27 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.45, and below the 200-day MA of 0.74, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 34.09 is Neutral, neither overbought nor oversold. The STOCH value of 24.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MOBX.

Mobix Labs Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LEDS	49 Neutral	$16.26M	-13.08	-45.37%	―	729.81%	61.92%
PXLW	47 Neutral	$42.73M	-1.47	―	―	-38.72%	16.01%
SQNS	43 Neutral	$90.12M	―	-18.19%	―	2.80%	―
GCTS	43 Neutral	$63.38M	-1.42	―	―	-46.98%	-186.82%
MOBX	42 Neutral	$21.71M	-0.22	-936.03%	―	―	―
WKEY	42 Neutral	$99.45M	-11.52	-24.81%	―	-42.77%	83.21%

Mobix Labs Corporate Events

Mobix Labs Announces Public Equity Offering for Working Capital

On January 6, 2026, Mobix Labs, Inc. entered into securities purchase agreements for a public offering of 30,000,000 shares of its Class A common stock at $0.20 per share, generating approximately $5.135 million in net proceeds after fees and expenses. The company engaged D. Boral Capital LLC as placement agent, agreed to customary fees, indemnification, and expense reimbursements, and plans to use the proceeds for working capital and general corporate purposes, while committing to short-term restrictions on additional share issuances and variable rate financings and implementing 30-day lock-up agreements for its executives and directors, moves that help manage near-term dilution and signal a measure of support for the offering to existing and new shareholders.

The most recent analyst rating on (MOBX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Mobix Labs stock, see the MOBX Stock Forecast page.

Mobix Labs Prices Public Offering to Bolster Liquidity

On January 5, 2026, Mobix Labs, Inc. announced that it intended to launch a public offering of shares of its common stock or equivalents, with all securities to be sold by the company, and on January 6, 2026, it disclosed that the offering had been priced. The company plans to use the net proceeds for working capital and general corporate purposes, a move that underscores its drive to strengthen liquidity to support ongoing operations and potential expansion in high-growth connectivity markets, while D. Boral Capital serves as sole placement agent, highlighting the company’s continuing effort to bolster its financial position and strategic flexibility.

The most recent analyst rating on (MOBX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Mobix Labs stock, see the MOBX Stock Forecast page.

Mobix Labs Amends Warrants to Strengthen Equity

On October 24, 2025, Mobix Labs amended certain warrants to reclassify them as equity, thereby strengthening its capital structure and increasing stockholders’ equity. The company also received an extension from Nasdaq until April 27, 2026, to comply with the Minimum Bid-Price Requirement, while taking actions to maintain its listing status.

The most recent analyst rating on (MOBX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Mobix Labs stock, see the MOBX Stock Forecast page.

Mobix Labs Announces $15.8M ATM Offering Agreement

On October 21, 2025, Mobix Labs, Inc. entered into an At The Market Offering Agreement with Roth Capital Partners, LLC to sell up to $15.8 million in shares of its Class A common stock. The proceeds from this offering are intended for working capital, and the sales will be conducted under the company’s effective Registration Statement, with Roth Capital Partners acting as the sales agent.

The most recent analyst rating on (MOBX) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Mobix Labs stock, see the MOBX Stock Forecast page.