10-Q · May 12, 2026
Mobile Infrastructure Corporation reported Q1 2026 results with revenue of $7.9 million, slightly lower than the $8.26 million estimate, while the EPS loss of $0.10 beat expectations of a $0.12 loss. The decline in…
Earnings analysis · 10-Q
BEEP earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
BEEP delivered $8.893 million of second-quarter revenue, modestly above consensus, while the $0.08 diluted EPS loss matched expectations and improved sequentially from a $0.18 loss. Contract volume and same-location NOI…
Read full summary
BEEP delivered $8.893 million of second-quarter revenue, modestly above consensus, while the $0.08 diluted EPS loss matched expectations and improved sequentially from a $0.18 loss. Contract volume and same-location NOI each increased 12.0%, and adjusted EBITDA rose 5.5%, but full-year revenue guidance was lowered to $35 million-$38 million from $36 million-$39 million. The filing did not provide sufficient detail to calculate current-quarter free cash flow, operating margin, balance-sheet trends or segment revenue from the supplied excerpt.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.08
What stood out
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Revenue modestly beat estimates
Second-quarter revenue was $8.893 million, approximately 0.9% above the $8.8148 million consensus estimate and broadly consistent with $9 million in 2025 Q2.
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EPS loss improved sequentially
Diluted EPS was a loss of $0.08, matching the $0.08 consensus estimate and improving from a $0.11 loss in 2025 Q2 and a $0.18 loss in 2026 Q1.
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Operating volume and NOI grew
Contract volume increased 12.0% and same-location NOI increased 12.0%, indicating positive operating trends in the parking portfolio.
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Adjusted EBITDA improved
Adjusted EBITDA increased 5.5%, supporting management's full-year adjusted EBITDA target of $15.0 million-$16.5 million.
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Controls remained effective
Management reported that disclosure controls were effective as of June 30, 2026, and that no material change in internal control occurred during the quarter.
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Repurchase capacity preserved
No shares were repurchased during the three months ended June 30, 2026; approximately $3.3 million remained available under the $10.0 million repurchase authorization.
What to watch
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Revenue outlook was lowered
Full-year 2026 revenue guidance was reduced to $35.0 million-$38.0 million from $36.0 million-$39.0 million, a $1.0 million reduction at both the low and high ends.
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Profitability remains negative
The company remained loss-making at a diluted EPS loss of $0.08 in the quarter, despite improvement from the $0.18 loss in 2026 Q1.
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Capital allocation versus losses
Approximately $3.3 million remained available for share repurchases under the $10.0 million authorization while the company continues to operate with a negative quarterly EPS of $0.08, creating a capital-allocation tradeoff.
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Existing risks remain unchanged
The filing states there were no material changes to the risk factors in the 2025 Form 10-K, so previously disclosed financing, liquidity, operating and execution risks remain applicable.
Management's outlook
Full-year 2026 revenue guidance is $35 million-$38 million, lowered from the prior $36 million-$39 million outlook. Management also provided NOI guidance of $21.5 million-$23.0 million and adjusted EBITDA guidance of $15.0 million-$16.5 million.
Earlier filings 4
10-K · March 5, 2026
Mobile Infrastructure Corporation positions itself as an acquirer and active operator of parking facilities focused on top U.S. MSAs, pursuing revenue growth via mix optimization, ancillary revenues and asset-level…
10-Q · August 12, 2025
Q2 2025 revenue was $8,992,000, down from $9,266,000 in Q2 2024, while diluted loss per common share widened to $(0.11) from $(0.06). Operating income compressed to $145,000 (operating margin ~1.6%) versus $368,000…
10-Q · August 13, 2024
Mobile Infrastructure (BEEP) reported Q2 total revenues of $9,266,000, up from $7,214,000 in Q2 2023, while GAAP net loss per common share improved to $(0.06) from $(0.19) a year earlier. Operating margin turned…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.