Mobile Infrastructure (BEEP)


Market Price (11/6/2026): $2.36 | Market Cap: $97.5 MilSector: Industrials | Industry: Highways & Railtracks

Mobile Infrastructure (BEEP)


Market Price (11/6/2026): $2.36
Market Cap: $97.5 Mil
Sector: Industrials
Industry: Highways & Railtracks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, and Electric Vehicles & Autonomous Driving. Themes include IoT for Buildings, Building Management Systems, Show more.

Weak multi-year price returns
2Y Excs Rtn is -56%, 3Y Excs Rtn is -129%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 213%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 120x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.1%, Rev Chg QQuarterly Revenue Change % is -1.1%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 66%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -32%

Key risks
BEEP key risks include [1] significant financial distress and potential bankruptcy risk from high debt, Show more.

0 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, and Electric Vehicles & Autonomous Driving. Themes include IoT for Buildings, Building Management Systems, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -56%, 3Y Excs Rtn is -129%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 213%
3 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 120x
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.1%, Rev Chg QQuarterly Revenue Change % is -1.1%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 66%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -32%
7 Key risks
BEEP key risks include [1] significant financial distress and potential bankruptcy risk from high debt, Show more.

BEEP in ETFs

Weight = BEEP's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Mobile Infrastructure (BEEP) stock has gained about 25% since 7/31/2026 because of the following key factors:

1. Strong Second Quarter Fiscal 2026 Earnings Outperformance and Reaffirmed Full-Year Guidance.

Mobile Infrastructure Corporation reported its second quarter fiscal 2026 results on August 11, 2026, surpassing analyst expectations. The company posted an earnings per share (EPS) of ($0.08), beating the consensus estimate of ($0.09). Revenue for the quarter reached $8.9 million, exceeding the forecast of $8.31 million. Notably, same-location Net Operating Income (NOI) surged by 12% year-over-year to $5.9 million, demonstrating strong operational momentum. Additionally, the company reaffirmed its full-year fiscal 2026 guidance, projecting total revenue between $35 million and $38 million, representing approximately 4% growth at the midpoint over fiscal 2025 results. This performance and optimistic outlook bolstered investor confidence.

2. Receipt of a Preliminary Acquisition Proposal.

On August 6, 2026, Mobile Infrastructure announced it had received a preliminary, non-binding indication of interest from Bombe Asset Management, LLC to acquire 100% of its outstanding common stock. Bombe Asset Management is controlled by Mobile Infrastructure's Executive Chairman, Manuel Chavez III, and President and CEO, Stephanie Hogue. This announcement signaled potential for a significant premium for shareholders and created positive speculative interest in the stock.

Show more
Updated on 11/5/2026

Mobile Infrastructure (BEEP) stock has gained about 25% since 7/31/2026 because of the following key factors:

1. Strong Second Quarter Fiscal 2026 Earnings Outperformance and Reaffirmed Full-Year Guidance.

Mobile Infrastructure Corporation reported its second quarter fiscal 2026 results on August 11, 2026, surpassing analyst expectations. The company posted an earnings per share (EPS) of ($0.08), beating the consensus estimate of ($0.09). Revenue for the quarter reached $8.9 million, exceeding the forecast of $8.31 million. Notably, same-location Net Operating Income (NOI) surged by 12% year-over-year to $5.9 million, demonstrating strong operational momentum. Additionally, the company reaffirmed its full-year fiscal 2026 guidance, projecting total revenue between $35 million and $38 million, representing approximately 4% growth at the midpoint over fiscal 2025 results. This performance and optimistic outlook bolstered investor confidence.

2. Receipt of a Preliminary Acquisition Proposal.

On August 6, 2026, Mobile Infrastructure announced it had received a preliminary, non-binding indication of interest from Bombe Asset Management, LLC to acquire 100% of its outstanding common stock. Bombe Asset Management is controlled by Mobile Infrastructure's Executive Chairman, Manuel Chavez III, and President and CEO, Stephanie Hogue. This announcement signaled potential for a significant premium for shareholders and created positive speculative interest in the stock.

3. Positive Analyst Sentiment and Upgraded Price Targets.

Throughout the period, Wall Street analysts maintained a positive outlook on BEEP. For example, on August 13, 2026, Kevin Steinke reiterated a "Buy" rating and upheld a $6.50 price target. The average analyst price target during the last three months was $6.25, suggesting a substantial upside of approximately 148.02% from the stock's price as of early November 2026. This sustained positive analyst coverage and high price targets likely contributed to increased investor interest and buying activity.

4. Continued Debt Reduction and Execution of Asset Rotation Strategy.

Mobile Infrastructure demonstrated improved financial health through strategic debt reduction and the effective implementation of its asset rotation program. In the second quarter fiscal 2026, net debt decreased to $197.1 million from $200 million at the end of the first quarter. The company also reported that total proceeds from its 36-month, $100 million asset rotation program had exceeded $30 million, with $22.6 million of debt repaid using these proceeds. This disciplined capital management and progress in deleveraging were viewed favorably by the market.

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Stock Movement Drivers

Fundamental Drivers

The 25.1% change in BEEP stock from 7/31/2026 to 11/5/2026 was primarily driven by a 25.2% change in the company's P/S Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)1.832.2925.1%
Change Contribution By: 
Total Revenues ($ Mil)3535-0.3%
P/S Multiple2.12.625.2%
Shares Outstanding (Mil)39390.2%
Cumulative Contribution25.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
BEEP25.1% 
Market (SPY)-1.9%13.5%
Sector (XLI)-9.7%10.6%

Fundamental Drivers

The 24.5% change in BEEP stock from 4/30/2026 to 11/5/2026 was primarily driven by a 23.5% change in the company's P/S Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)1.842.2924.5%
Change Contribution By: 
Total Revenues ($ Mil)3535-1.1%
P/S Multiple2.12.623.5%
Shares Outstanding (Mil)40391.9%
Cumulative Contribution24.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
BEEP24.5% 
Market (SPY)2.3%2.3%
Sector (XLI)-6.7%-1.4%

Fundamental Drivers

The -33.0% change in BEEP stock from 10/31/2025 to 11/5/2026 was primarily driven by a -32.5% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)3.422.29-33.0%
Change Contribution By: 
Total Revenues ($ Mil)3635-4.1%
P/S Multiple3.82.6-32.5%
Shares Outstanding (Mil)41393.4%
Cumulative Contribution-33.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
BEEP-33.0% 
Market (SPY)8.4%7.9%
Sector (XLI)5.7%4.6%

Fundamental Drivers

The -45.3% change in BEEP stock from 10/31/2023 to 11/5/2026 was primarily driven by a -66.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311052026Change
Stock Price ($)4.192.29-45.3%
Change Contribution By: 
Total Revenues ($ Mil)�350.0%
P/S Multiple�2.60.0%
Shares Outstanding (Mil)1339-66.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
BEEP-45.3% 
Market (SPY)81.3%12.9%
Sector (XLI)71.8%11.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BEEP Return---61%11%-43%-10%-78%
Peers Return4%-9%-13%-14%-18%-4%-44%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
BEEP Win Rate--40%42%33%36% 
Peers Win Rate52%53%43%50%37%49% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
BEEP Max Drawdown----37%-44%-57% 
Peers Max Drawdown-33%-43%-39%-37%-33%-37% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ABM, HIW, BOC, SRG, CMTG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventBEEPS&P 500
2025 US Tariff Shock
  % Loss-16.9%-18.8%
  % Gain to Breakeven20.3%23.1%
  Time to Breakeven1 days79 days
2024 Yen Carry Trade Unwind
  % Loss-18.2%-7.8%
  % Gain to Breakeven22.3%8.5%
  Time to Breakeven21 days18 days

Compare to ABM, HIW, BOC, SRG, CMTG

In The Past

Mobile Infrastructure's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to ABM, HIW, BOC, SRG, CMTG

In The Past

Mobile Infrastructure's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Mobile Infrastructure (BEEP)

Mobile Infrastructure Corporation (BEEP) is a real estate company specializing in acquiring, owning, and leasing parking facilities and related infrastructure across the United States. Its core business involves generating revenue from a portfolio of parking garages and surface lots.

As of September 2023, the company owned 43 properties, encompassing over 15,600 parking spaces and 5.4 million square feet of parking area, located in 21 distinct markets. BEEP strategically targets properties primarily within the top 50 U.S. Metropolitan Statistical Areas, focusing on locations near key demand drivers such as commercial centers, event venues, government buildings, institutional campuses, hospitality establishments, and multifamily central business districts. This strategy aims to ensure a steady stream of users for their parking assets. The company also holds a smaller portfolio of retail/commercial space adjacent to its parking facilities.

AI Analysis | Feedback

Here are 1-3 brief analogies for Mobile Infrastructure (BEEP):

  • Like American Tower (AMT), but for parking lots and garages instead of cell towers.
  • Like Prologis (PLD), but for parking facilities instead of warehouses.

AI Analysis | Feedback

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  • Parking Facility Leasing: Leasing of owned parking lots, parking garages, and other parking structures to generate rental income.
  • Retail/Commercial Space Leasing: Leasing of retail and commercial spaces that are adjacent to their parking facilities.
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AI Analysis | Feedback

Mobile Infrastructure (BEEP) primarily serves individuals who require parking services. Based on the company's description and its focus on owning and leasing parking facilities in areas with key demand drivers, its major customers fall into the following categories:
  • Commuters and Business Visitors: Individuals who park their vehicles for work, business meetings, or shopping in central business districts and areas with high commercial activity.
  • Event Goers and Tourists: Individuals attending events, concerts, sports games, or visiting entertainment venues, as well as tourists utilizing parking for hospitality and leisure activities.
  • Institutional and Residential Parkers: Individuals associated with government buildings, educational institutions, healthcare facilities, or residents of adjacent multifamily properties who require daily or long-term parking.

AI Analysis | Feedback

  • SP Plus Corporation
  • The Parking Spot, LLC
  • Platinum Parking Management, LLC
  • Parking Management Company, LLC
  • Metropolis Technologies, Inc.

AI Analysis | Feedback

Stephanie Hogue, Chief Executive Officer

Stephanie Hogue has served as the CEO of Mobile Infrastructure Corporation since August 1, 2025, President and a member of its Board of Directors since 2021, and also held the role of CFO from 2021 until 2024. She is a globally focused executive with over 20 years of leadership experience spanning capital markets, real assets, and strategic advisory. Before joining Mobile Infrastructure, Ms. Hogue was a Managing Director of PwC Corporate Finance LLC, where she managed the New York Branch and oversaw the firm's Inbound Cross-Border M&A and Debt Private Placements practices. Her career also includes capital markets roles at various investment banks, focusing on debt capital markets across the Americas, and she began at Deloitte in Financial Advisory and Strategic Initiatives teams.

Paul Gohr, Chief Financial Officer

Paul Gohr was appointed Chief Financial Officer of Mobile Infrastructure Corporation effective May 16, 2024. Prior to this role, he served as Chief Accounting Officer and Vice President of Corporate Finance at CECO Environmental Corp. (NASDAQ: CECO), where he was responsible for finance, accounting, treasury, and tax functions. Mr. Gohr also held various roles of increasing responsibility at Grant Thornton LLP, a global public accounting firm. He is a Certified Public Accountant.

Manuel Chavez III, Executive Chairman

Manuel Chavez III is a Founder and the Executive Chairman of Mobile Infrastructure Corporation. He previously served as the company's Chief Executive Officer from 2021 to 2025. Mr. Chavez is also the Managing Partner of Bombe Asset Management, an alternative asset management firm he formed in 2017, which focuses on niche opportunities and strategies in transportation infrastructure. He brings 25 years of principal investing experience, involving nearly $2 billion in enterprise value. Additionally, Mr. Chavez chairs The Greater Cincinnati Port Authority and is a member of the Board of Trustees of Cincinnati State Technical and Community College.

Jeffrey B. Osher, Co-Chairman and Director

Jeffrey B. Osher serves as Co-Chairman and a Director of Mobile Infrastructure Corporation, and is noted as the company's largest shareholder. He founded No Street Capital LLC, an investment management firm, in 2018. Before establishing No Street Capital, Mr. Osher was a portfolio manager at Harvest Capital Strategies, LLC from 2005 to 2018, having previously served as an analyst there from 2002 to 2005. His earlier experience includes working as an analyst at The Dowd Company, an investment management firm specializing in technology and emerging growth companies.

AI Analysis | Feedback

Here are the key risks to Mobile Infrastructure (symbol: BEEP):

  1. High Leverage and Refinancing Needs: Mobile Infrastructure Corporation carries substantial debt, totaling approximately $224.2 million as of December 31, 2025, including a $25.9 million revolving credit facility maturing on March 31, 2026. The company faces significant risks if it cannot secure favorable terms for asset sales or refinancing, which could severely impact its liquidity and hinder growth. Additionally, the company's debt agreements contain restrictive covenants, and non-compliance could lead to a default and acceleration of debt repayment.
  2. Continued Net Losses and Limited Operating History: Mobile Infrastructure Corporation has a history of ongoing net losses and has yet to achieve profitability, reporting net losses of $22.4 million in 2025 and $7.5 million in 2024. The company anticipates further losses due to start-up costs, depreciation, amortization, and acquisition expenses. This limited operating history and sustained lack of profitability make it a riskier investment.
  3. Evolving Parking Demand and Technological Disruptions: The company's revenues are highly sensitive to fluctuations in parking demand, which can be significantly impacted by evolving consumer preferences, changes in urban policy, and technological advancements. While management acknowledges the broader uncertainty related to artificial intelligence's impact on office usage and urban activity, the potential for disruptive technologies, such as autonomous vehicles, poses a long-term threat to the demand for parking facilities, directly impacting the company's future income.

AI Analysis | Feedback

Widespread adoption of autonomous vehicles (AVs) and ride-hailing services threatens the core demand for Mobile Infrastructure's parking facilities. As AV technology matures and becomes prevalent, it could significantly reduce private car ownership and change vehicle utilization patterns. Instead of privately owned cars requiring dedicated parking spaces for extended periods, AVs could operate as an on-demand service, dropping off passengers and then either picking up another fare or parking themselves efficiently in less prime locations, thereby eroding the fundamental need for traditional parking spaces in urban central business districts and other key demand drivers. This shift mirrors historical disruptions where new technologies and business models fundamentally altered an incumbent industry's demand landscape.

AI Analysis | Feedback

For Mobile Infrastructure Corporation (symbol: BEEP), the addressable markets for their main products and services in the U.S. can be identified as follows:

The market size for Parking Lots & Garages in the U.S. was $13.5 billion in 2024 and is projected to be $13.8 billion in 2025.

The broader U.S. Parking Services Market is expected to reach USD 30 billion in 2026 and is projected to expand to USD 42 billion by 2033.

AI Analysis | Feedback

Mobile Infrastructure Corporation (BEEP) anticipates several key drivers for revenue growth over the next 2-3 years, as outlined in recent company guidance and analyst observations:

  • Growth in Contract Parking Volumes: The company expects an ongoing increase in contract volumes, including a notable rise in residential monthly contracts. This expansion of recurring parking agreements provides a stable revenue base and enhances pricing power.
  • Renovation and Re-opening of Venues: Revenue growth is expected to be fueled by the renovation and re-opening of various venues. These enhancements and renewed operations are projected to increase parking activity and demand at these locations.
  • Technological Optimization and Pricing Enhancements: Mobile Infrastructure plans to leverage technological advancements to improve pricing strategies and overall utilization across its parking portfolio. These operational efficiencies are intended to boost revenue generation per parking space.
  • Improving Return-to-Office Trends: The company's management anticipates that a sustained improvement in return-to-office trends within its operating markets will contribute significantly to increased parking demand, particularly in central business districts.
  • Conversion to Management Contracts: Mobile Infrastructure is actively converting its operational model from lease agreements to management contracts. This strategic shift is expected to drive higher revenue recognition by basing revenue on usage rather than episodic cash collections, thereby offering a more reliable metric for underlying business trends.

AI Analysis | Feedback

Share Repurchases

  • Mobile Infrastructure's Board of Directors authorized a $10 million share buyback program in September 2024.
  • As of March 2, 2026, the company had repurchased over 1.6 million shares at an average price of $3.25 per share.
  • Share repurchases are expected to continue as a focus due to the stock being considered undervalued relative to its Net Asset Value.

Share Issuance

  • On December 31, 2023, Series 2 Preferred Stock converted into 13,787,462 shares of common stock, including 1,253,404 shares issued as dividends to Preferred PIPE Investors.
  • Preferred equity conversions to common stock were highly dilutive year-to-date as of September 2024.
  • In September 2024, the company secured a $40.4 million line of credit, intended to enable cash redemptions of preferred stock and mitigate future dilution.

Inbound Investments

  • Mobile Infrastructure secured a $40.4 million line of credit from Harvest Small Cap Partners in September 2024, which provides capital flexibility for preferred stock redemptions and supports the share repurchase plan.
  • In October 2025, the company closed a $100 million asset-backed securitization, secured by 19 parking assets, to repay approximately $84.4 million of near-term debt.
  • The business combination with Fifth Wall Acquisition Corp. III, announced in December 2022, included a $10 million PIPE investment from No Street Capital.

Outbound Investments

  • As of March 2, 2026, the company had completed over $30 million in sales of non-core assets as part of its asset rotation strategy.
  • Mobile Infrastructure continues to target $100 million in aggregate non-core asset sales to optimize its portfolio over the longer term.
  • Proceeds from asset sales in the fourth quarter of 2025 were used to pay down approximately $10 million on the company's line of credit.

Capital Expenditures

  • Capital expenditures totaled $1.031 million in the third quarter of 2025.
  • Capital expenditures amounted to $0.463 million in the third quarter of 2024.
  • The primary focus of capital deployment involves optimizing asset value through strategies such as improving Revenue per Available Stall, converting leases to management contracts, and managing pricing and operating costs.

Better Bets vs. Mobile Infrastructure (BEEP)

Peer Outperformance in Highways & Railtracks

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Share of Highways & Railtracks constituents that BEEP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
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insufficient peer history
3Y
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insufficient peer history
5Y
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insufficient peer history
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Median price return by industry across the Industrials sector, ranked by 5Y. Highways & Railtracks is BEEP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Marine Transportation 5 25.1%30.2%102.9% MATX 155% · KEX 103%
Construction Machinery & Heavy Transportation Equipment 13 6.3%55.5%95.0% ALSN 255% · WAB 204% · CAT 192%
Construction & Engineering 29 -21.3%79.9%94.8% FIX 895% · STRL 799% · AGX 526%
Aerospace & Defense 54 -12.6%55.7%49.5% ATI 849% · FTAI 756% · HWM 509%
Trading Companies & Distributors 19 5.6%30.7%33.8% DXPE 276% · AIT 184% · URI 177%
Industrial Machinery & Supplies & Components 71 0.3%46.1%29.7% CRS 797% · MLI 298% · SYM 249%
Rail Transportation 7 34.9%53.7%27.8% CSX 54% · UNP 40% · NSC 28%
Diversified Support Services 33 14.8%36.8%21.3% CXW 195% · OPLN 143% · CTAS 115%
Building Products 34 -6.6%9.3%10.6% MOD 714% · GFF 345% · TT 126%
Cargo Ground Transportation 16 27.9%14.6%4.8% XPO 269% · R 250% · ARCB 25%
Industrial Conglomerates 17 14.8%-1.6%-1.3% CSW 103% · CSL 72% · DD 65%
Office Services & Supplies 10 20.8%22.5%-2.6% PBI 158% · TILE 140% · HNI 40%
Electrical Components & Equipment 39 -14.2%56.2%-12.1% POWL 1360% · VRT 543% · BE 424%
Data Processing & Outsourced Services 6 -11.8%5.0%-12.7% EXLS 59% · BR 22% · G -12%
Research & Consulting Services 13 4.9%-15.5%-22.6% HURN 227% · FCN 36% · BAH 14%
Agricultural & Farm Machinery 16 7.2%-7.4%-27.4% BLBD 171% · DE 99% · TTC 15%
Security & Alarm Services 9 -51.2%10.7%-28.0% BCO 65%
Environmental & Facilities Services 29 -31.2%25.5%-28.1% GEO 163% · CLH 162% · RSG 100%
Passenger Airlines 11 2.6%64.1%-34.8% LTM 3100% · UAL 110% · DAL 100%
Air Freight & Logistics 12 -28.8%-7.3%-39.1% FDX 80% · EXPD 60% · CHRW 54%
Human Resource & Employment Services 22 19.2%-6.0%-42.4% ADP 50% · FA 22% · PAYX 13%
Passenger Ground Transportation 3 -14.1%42.9%-57.4% UBER 46% · CAR -57% · LYFT -67%
Airport Services 4 -49.1%-62.8%-86.2% JOBY -47%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Mobile Infrastructure Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BEEPABMHIWBOCSRGCMTGMedian
NameMobile I.ABM Indu.Highwood.Boston O.Seritage.Claros M. 
Mkt Price2.3652.9631.5113.951.681.728.15
Mkt Cap0.13.13.50.40.10.20.3
Rev LTM359,146852109132672
Op Inc LTM2350220-5-22-2
FCF LTM-0312380-6-21-18-3
FCF 3Y Avg-1214382-14-39199
CFO LTM140838020-21-810
CFO 3Y Avg029238220-392422

Growth & Margins

BEEPABMHIWBOCSRGCMTGMedian
NameMobile I.ABM Indu.Highwood.Boston O.Seritage.Claros M. 
Rev Chg LTM-4.1%6.0%5.4%3.7%-23.7%1,911.6%4.5%
Rev Chg 3Y Avg5.5%4.5%0.6%6.2%-36.1%594.0%5.0%
Rev Chg Q-1.1%4.2%8.1%2.4%-59.7%-53.6%0.7%
QoQ Delta Rev Chg LTM-0.3%1.0%2.0%0.5%-17.8%-51.9%0.1%
Op Inc Chg LTM23.9%33.0%5.7%-108.3%53.2%-23.9%
Op Inc Chg 3Y Avg-124.3%-0.3%-1.9%-29.5%28.9%--1.9%
Op Mgn LTM6.7%3.8%25.8%-4.9%-172.0%-3.8%
Op Mgn 3Y Avg-16.4%3.5%25.5%-5.9%-217.5%--5.9%
QoQ Delta Op Mgn LTM3.9%0.1%0.0%-0.1%-13.1%-0.0%
CFO/Rev LTM2.2%4.5%44.5%18.2%-162.8%-31.9%3.3%
CFO/Rev 3Y Avg0.3%3.3%46.1%19.3%-217.1%-374.4%1.8%
FCF/Rev LTM-0.4%3.4%44.5%-5.2%-162.8%-68.4%-2.8%
FCF/Rev 3Y Avg-2.3%2.5%46.1%-13.5%-217.1%-442.1%-7.9%

Valuation

BEEPABMHIWBOCSRGCMTGMedian
NameMobile I.ABM Indu.Highwood.Boston O.Seritage.Claros M. 
Mkt Cap0.13.13.50.40.10.20.3
P/S2.70.34.13.97.39.54.0
P/Op Inc40.28.915.8-79.4-4.3-8.9
P/EBIT-15.09.69.7-29.6-2.5--2.5
P/E-4.018.718.5-32.2-1.8-0.4-1.1
P/CFO123.57.69.221.4-4.5-29.88.4
Total Yield-25.9%7.4%11.7%-3.1%-57.0%-224.7%-14.5%
Dividend Yield0.0%2.1%6.3%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-0.8%7.1%11.2%-3.1%-20.2%-1.6%-1.2%
D/E2.10.61.00.20.53.80.8
Net D/E2.10.60.90.20.03.20.7

Returns

BEEPABMHIWBOCSRGCMTGMedian
NameMobile I.ABM Indu.Highwood.Boston O.Seritage.Claros M. 
1M Rtn-17.2%9.4%6.3%7.1%-2.3%42.1%6.7%
3M Rtn15.7%9.7%1.7%-2.4%-30.3%-1.7%-0.0%
6M Rtn26.9%31.6%27.7%24.4%-37.3%-31.7%25.7%
12M Rtn-31.2%24.5%18.1%11.3%-58.3%-48.0%-9.9%
3Y Rtn-42.2%40.1%100.5%-4.4%-77.6%-82.2%-23.3%
1M Excs Rtn-14.2%10.1%8.7%8.9%2.7%41.3%8.8%
3M Excs Rtn-3.9%10.6%2.7%-2.5%-29.7%-10.4%-3.2%
6M Excs Rtn21.9%26.8%23.0%19.7%-42.1%-36.6%20.8%
12M Excs Rtn-44.5%13.0%5.8%-2.5%-71.9%-58.5%-23.5%
3Y Excs Rtn-129.6%-38.9%37.7%-85.1%-160.1%-165.8%-107.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment3537302920
Total3537302920


Price Behavior

Price Behavior
Market Price$2.29 
Market Cap ($ Bil)0.1 
First Trading Date08/28/2023 
Distance from 52W High-33.2% 
   50 Days200 Days
DMA Price$2.74$2.40
DMA Trendupindeterminate
Distance from DMA-16.3%-4.5%
 3M1YR
Volatility55.6%75.0%
Downside Capture-48.9484.86
Upside Capture-63.8132.32
Correlation (S&P 500)2.1%5.8%
BEEP Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.530.450.25-0.210.320.58
Up Beta13.162.61-0.40-2.26-0.760.63
Down Beta-1.00-0.022.291.161.411.08
Up Capture-50%-39%57%17%6%3%
Bmk +ve Days12182862130427
Stock +ve Days6162955107353
Down Capture119%107%-156%-90%59%67%
Bmk -ve Days10253664121325
Stock -ve Days16253265133373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BEEP
BEEP-32.8%75.0%-0.22-
Sector ETF (XLI)7.4%17.8%0.244.6%
Equity (SPY)9.5%13.6%0.417.9%
Gold (GLD)3.6%28.7%0.111.6%
Commodities (DBC)37.7%21.2%1.40-1.4%
Real Estate (VNQ)12.0%14.2%0.556.3%
Bitcoin (BTCUSD)-20.8%43.3%-0.428.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BEEP
BEEP-26.0%75.4%-0.31-
Sector ETF (XLI)10.8%17.7%0.4512.0%
Equity (SPY)11.3%17.3%0.4812.9%
Gold (GLD)17.5%19.1%0.740.8%
Commodities (DBC)8.0%19.6%0.29-1.6%
Real Estate (VNQ)1.2%18.9%-0.0510.9%
Bitcoin (BTCUSD)5.9%51.5%0.295.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BEEP
BEEP-14.0%75.4%-0.31-
Sector ETF (XLI)12.9%20.1%0.5612.0%
Equity (SPY)14.9%18.0%0.7012.9%
Gold (GLD)12.0%16.5%0.590.8%
Commodities (DBC)7.6%18.1%0.33-1.6%
Real Estate (VNQ)5.7%20.7%0.2310.9%
Bitcoin (BTCUSD)61.3%66.2%1.015.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 9302026-4.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.7 days
Basic Shares Quantity39.3 Mil
Short % of Basic Shares0.2%

Earnings Returns History

Updated 10/21/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/20260.4%-7.6%2.9%
5/12/2026-0.3%16.0%-8.2%
3/2/20260.3%-13.4%-26.6%
11/10/2025-0.3%-8.6%-8.0%
8/12/2025-1.1%-2.4%-3.4%
5/12/2025-5.0%-4.5%1.5%
3/10/202510.3%13.5%22.4%
11/13/2024-8.4%1.6%34.0%
...
SUMMARY STATS   
# Positive547
# Negative785
Median Positive1.4%7.5%17.9%
Median Negative-1.9%-5.6%-8.0%
Max Positive10.3%16.0%34.0%
Max Negative-8.4%-13.4%-26.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/20260.4%-7.6%2.9%
5/12/2026-0.3%16.0%-8.2%
3/2/20260.3%-13.4%-26.6%
11/10/2025-0.3%-8.6%-8.0%
8/12/2025-1.1%-2.4%-3.4%
5/12/2025-5.0%-4.5%1.5%
3/10/202510.3%13.5%22.4%
11/13/2024-8.4%1.6%34.0%
8/13/2024-4.8%-4.1%17.9%
5/15/20241.4%0.0%0.3%
3/14/2024-1.9%-6.2%-3.5%
11/14/20234.0%-5.0%19.4%
SUMMARY STATS   
# Positive547
# Negative785
Median Positive1.4%7.5%17.9%
Median Negative-1.9%-5.6%-8.0%
Max Positive10.3%16.0%34.0%
Max Negative-8.4%-13.4%-26.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/11/202610-Q
03/31/202605/12/202610-Q
12/31/202503/05/202610-K
09/30/202511/10/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/11/202510-K
09/30/202411/13/202410-Q
06/30/202408/13/202410-Q
03/31/202405/15/202410-Q
12/31/202303/22/202410-K
09/30/202311/13/202310-Q
03/31/202307/11/2023424B3
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/11/202610-Q
03/31/202605/12/202610-Q
12/31/202503/05/202610-K
09/30/202511/10/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/11/202510-K
09/30/202411/13/202410-Q
06/30/202408/13/202410-Q
03/31/202405/15/202410-Q
12/31/202303/22/202410-K
09/30/202311/13/202310-Q
03/31/202307/11/2023424B3

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2026 Earnings Reported 8/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 NOIReported21.50 Mil22.25 Mil23.00 Mil0 AffirmedGuidance: 22.25 Mil for 2026
2026 RevenueReported35.00 Mil36.50 Mil38.00 Mil0 AffirmedGuidance: 36.50 Mil for 2026
2026 Adjusted EBITDAReported15.00 Mil15.75 Mil16.50 Mil0 AffirmedGuidance: 15.75 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 NOIReported21.50 Mil22.25 Mil23.00 Mil0 AffirmedGuidance: 22.25 Mil for 2026
2026 RevenueReported35.00 Mil36.50 Mil38.00 Mil0 AffirmedGuidance: 36.50 Mil for 2026
2026 Adjusted EBITDAReported15.00 Mil15.75 Mil16.50 Mil0 AffirmedGuidance: 15.75 Mil for 2026

Q4 2025 Earnings Reported 3/2/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 NOIReported21.50 Mil22.25 Mil23.00 Mil8.5% Higher NewGuidance: 20.50 Mil for 2025
2026 RevenueReported35.00 Mil36.50 Mil38.00 Mil4.3% Higher NewGuidance: 35.00 Mil for 2025
2026 Adjusted EBITDAReported15.00 Mil15.75 Mil16.50 Mil12.5% Higher NewGuidance: 14.00 Mil for 2025

Q3 2025 Earnings Reported 11/10/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 NOIReported20.00 Mil20.50 Mil21.00 Mil-15.5% LoweredGuidance: 24.25 Mil for 2025
2025 Non-Core Asset DivestitureReported 30.00 Mil    
2025 RevenueReported34.50 Mil35.00 Mil35.50 Mil-9.1% LoweredGuidance: 38.50 Mil for 2025
2025 Adjusted EBITDAReported13.50 Mil14.00 Mil14.50 Mil   

Insider Activity

Updated 8/20/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Garfinkle, DavidDirectBuy90220253.832,5809,891234,907Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Garfinkle, DavidDirectBuy90220253.832,5809,891234,907Form

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
No Street GP LP$54.4 Mil3.6%31Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
No Street GP LP$54.4 Mil3.6%31Hold13F
Core Cache Last Updated: 11/5/2026