Earnings Releases·Nov 10, 2026, 4:06 PM ET

Mobile Infrastructure Corporation — Third Quarter 2026 Earnings Summary

Total revenue rose 5.5% year-over-year to $9.6 million, while Net Operating Income (NOI) and Adjusted EBITDA increased 13.6% and 23.2% respectively to $6.3 million and $4.8 million, driven by a 12.8% surge in Same-Location Revenue and a 13 percentage point rise in portfolio utilization.
Net loss narrowed to $2.6 million from $6.4 million in the prior-year period, aided by a $2.5 million non-cash impairment in the prior year, though interest expense rose to $4.8 million and cash reserves declined to $10.6 million.
Full-year 2026 guidance remains unchanged at the low end of the $35–$38 million revenue range, with NOI and Adjusted EBITDA targets set to deliver 7–10% and 10–13% year-over-year growth, respectively, supported by contract volume expansion and venue reopenings.
The company advanced its asset rotation program, generating $33 million in proceeds at a 2% weighted-average cap rate, while reducing total net debt to $198.3 million and eliminating all outstanding warrants.