Mobix Labs (MOBX) AI Stock Analysis

• Market Cap: $47.33M
• Dividend Yield: N/A
• Average Volume (3M): 1.68M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.67
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 50
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): N/A
• Shares Outstanding: 101,072,230
• 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: -3.61
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 4.32
• Enterprise Value/Gross Profit: 9.54
• Enterprise Value/Ebitda: -1.19
• 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: 44 Neutral
• Price Target: $0.50 ▲(83.70% Upside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is driven primarily by weak financial performance, highlighted by steep losses, balance-sheet leverage/volatility, and continued cash burn. Technicals provide only partial support with modest improving momentum but no clear long-term uptrend. Valuation is constrained by negative earnings, and the recent financing improves liquidity but underscores dilution and funding risk.

Positive Factors

Defense/adjacent contract win

Selection to support a feasibility program for next‑generation smart munitions signals product applicability in higher-margin, specialized defense markets. This can create multi-phase engineering work, strengthen customer relationships, and open structural demand channels beyond commercial cycles.

Improved gross margin

A roughly 45% TTM gross margin indicates favorable unit economics for core products or better cost structure. Sustained margins provide leverage as revenue grows, meaning incremental sales more directly improve operating cash flow and pathway to profitability if top-line stabilizes.

Bolstered liquidity from equity raise

The January equity offering provided meaningful near‑term cash to fund working capital and operations, extending runway and reducing immediate solvency pressure. Proceeds enable continued R&D and contract execution while lock‑ups help manage short‑term dilution concerns.

Negative Factors

Declining revenue and scale

Top‑line contraction to ~$8.6M TTM limits the company's ability to spread fixed costs and achieve scale. Persistent revenue decline makes it difficult to leverage improved gross margins, keeps operating losses large, and lengthens the timeline to sustainable profitability.

Persistent negative cash flow

Consistent negative operating and free cash flow shows losses are converting into real cash outflows, not just accounting losses. That dynamic requires frequent external funding, constrains investment in growth initiatives, and raises dilution and liquidity risk over the medium term.

Meaningful leverage and weak equity base

Elevated debt relative to a small and sometimes negative equity base limits financial flexibility and increases refinancing risk. Leverage magnifies downside in revenue shocks, restricts capacity to fund R&D or production ramp, and makes balance‑sheet resilience a structural concern.

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 primarily by selling connectivity and communications products and related engineering/services to customers (e.g., supplying hardware/components/systems used in wireless/RF and networking applications). Revenue is therefore tied to product shipments (recognized when control transfers under customer contracts) and, where applicable, fees for associated design, integration, or support services. Specific breakout of revenue by product line, customer concentration, pricing structure (e.g., unit sales vs. licensing/royalties), and details of material partnerships are null.

Mobix Labs Financial Statement Overview

Summary

Financials indicate high risk: TTM revenue declined (~13%) and the company remains deeply unprofitable (TTM EBIT about -$40.4M; net margin around -423%). Balance sheet flexibility is limited by meaningful leverage (debt-to-equity ~1.85) and historically volatile/negative equity, while cash flow is consistently negative (TTM operating cash flow about -$13.9M; free cash flow about -$14.0M). Improved gross margin (~45% TTM) is a relative positive but not enough to offset the scale of losses and cash burn.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined to $8.6M (down ~13%), showing weak top-line momentum. Gross margin is a relative bright spot at ~45% TTM (improved from earlier periods), but the company remains deeply unprofitable with very large operating losses (TTM EBIT about -$40.4M) and a net margin around -423%, indicating the cost structure is far too high relative to current revenue. While revenue has grown versus very small levels in earlier years, profitability has not improved in a sustainable way and losses remain outsized.

Balance Sheet

Leverage is meaningful with TTM debt of ~$8.6M against ~$4.7M equity (debt-to-equity ~1.85), limiting balance-sheet flexibility. Equity has been volatile and at times negative (FY2025 and several prior years), which raises risk and makes returns on equity difficult to interpret across years. Total assets are moderate (~$32.7M TTM), but persistent losses continue to pressure the capital base, leaving the balance sheet more vulnerable than typical for the industry.

Cash Flow

Cash generation remains weak: TTM operating cash flow is about -$13.9M and free cash flow about -$14.0M, implying ongoing cash burn. A positive free-cash-flow growth figure TTM appears driven by a reduced burn versus the prior year rather than true cash profitability. Free cash flow roughly tracks net losses (TTM free cash flow to net income ~1.0), suggesting limited non-cash addbacks and that losses are translating into real cash outflows.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	8.62M	9.91M	6.44M	1.22M	3.31M	435.00K
Gross Profit	3.90M	5.01M	2.55M	-396.00K	457.00K	138.00K
EBITDA	-31.41M	-41.74M	-18.87M	-34.91M	-22.43M	-21.00M
Net Income	-36.42M	-46.13M	-20.03M	-39.62M	-23.87M	-19.99M
Balance Sheet
Total Assets	32.72M	37.11M	39.09M	18.75M	15.48M	18.88M
Cash, Cash Equivalents and Short-Term Investments	268.00K	3.27M	266.00K	89.00K	178.00K	1.01M
Total Debt	6.59M	6.55M	4.88M	8.19M	6.30M	3.41M
Total Liabilities	28.06M	37.45M	33.56M	24.09M	24.90M	18.95M
Stockholders Equity	4.67M	-336.00K	5.53M	-5.34M	-9.42M	-63.00K
Cash Flow
Free Cash Flow	-13.97M	-10.14M	-18.43M	-14.63M	-321.01K	-12.39M
Operating Cash Flow	-13.95M	-10.11M	-18.39M	-14.63M	-321.01K	-10.94M
Investing Cash Flow	1.00K	1.00K	-1.11M	-633.00K	70.17M	-1.39M
Financing Cash Flow	13.81M	13.12M	19.67M	15.17M	-69.91M	13.07M

Mobix Labs Technical Analysis

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

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 0.52, below the 50-day MA of 0.34, and below the 200-day MA of 0.65, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 2.73 is Positive, 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%
PXLW	48 Neutral	$37.21M	0.81	109.22%	―	-38.72%	16.01%
LEDS	47 Neutral	$10.94M	-4.79	-45.37%	―	729.81%	61.92%
SQNS	46 Neutral	$50.71M	-0.61	-99.13%	―	2.80%	―
MOBX	44 Neutral	$47.33M	-0.30	-2857.36%	―	―	―
GCTS	44 Neutral	$92.76M	-1.52	―	―	-46.98%	-186.82%
WKEY	42 Neutral	$75.39M	-0.57	-29.25%	―	-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.