Mobile Infrastructure Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 10, 2026, reporting consolidated financial results for the three and nine months ended on that date.

Key Highlights

  • Net loss narrowed quarter-over-quarter: The company reported a net loss of $2,550 thousand for the three months ended September 30, 2026, compared to a net loss of $6,428 thousand for the same period in 2025, according to the filing.
  • Total revenues rose year-over-year: Revenues for the three months ended September 30, 2026 were $9,584 thousand, up from $9,086 thousand for the three months ended September 30, 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $13,577 thousand, compared to $15,423 thousand for the same period in 2025.
  • Loss on extinguishment of debt: The company recorded a $2,044 thousand loss on extinguishment of debt in the nine months ended September 30, 2026, with no comparable charge in the prior-year period.
  • Total assets declined: Total assets were $357,054 thousand as of September 30, 2026, down from $382,464 thousand as of December 31, 2025.
  • Warrants expired: All 2,553,192 warrants outstanding as of December 31, 2025 expired during the period, reducing the warrants balance from $3,319 thousand to zero.
  • Shares outstanding: As of November 1, 2026, there were 41.3 million shares of common stock outstanding, according to the filing.

Mobile Infrastructure Reports Q3 2026 Results Amid Asset Base Reduction

Mobile Infrastructure Corporation (NASDAQ:BEEP), a Maryland-incorporated real estate company headquartered in Cincinnati, Ohio, disclosed its unaudited consolidated financial results for the three and nine months ended September 30, 2026 in its quarterly report. The company reported total revenues of $9,584 thousand for the third quarter of 2026, driven primarily by managed property revenue of $8,544 thousand. This compared to managed property revenue of $7,673 thousand for the third quarter of 2025, according to the filing.

Total operating expenses for the three months ended September 30, 2026 were $7,342 thousand, a reduction from $11,438 thousand in the same quarter of 2025. The prior-year quarter included an impairment charge of $2,545 thousand and higher depreciation and amortization of $2,874 thousand, versus $1,762 thousand in Q3 2026. Interest expense, net, was $4,781 thousand for the three months ended September 30, 2026, compared to $4,568 thousand for the same period in 2025. For the nine-month period, the company disclosed a loss on extinguishment of debt of $2,044 thousand and a loss on sale of real estate of $1,115 thousand, neither of which had comparable charges in the prior-year nine-month period.

On the balance sheet, total investments in real estate, net, declined to $341,815 thousand as of September 30, 2026, from $362,137 thousand as of December 31, 2025. Notes payable, net, decreased to $175,395 thousand from $181,771 thousand over the same interval. The accumulated deficit widened to $173,833 thousand as of September 30, 2026, from $161,496 thousand as of December 31, 2025. The company also disclosed a share repurchase program that reduced common shares, with 478,296 shares repurchased at a cost of $1,437 thousand during the nine-month period. Preferred stock Series 1 outstanding declined to 12,590 shares, and Series A declined to 576 shares, as a result of redemptions during the period.

What Was Disclosed

Mobile Infrastructure Corporation disclosed unaudited financial statements for the three and nine months ended September 30, 2026, showing a narrowed quarterly net loss, modest revenue growth, reduced total assets, expiration of all outstanding warrants, and ongoing preferred stock redemptions and share repurchases.