Mobile Infrastructure Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $9.6 million, up 5.5% year over year
- ➤Same-location NOI $6.3 million, up 18.4% year over year
- ➤Adjusted EBITDA $4.8 million, up 23.2% year over year
- ➤Net loss narrowed to $2.6 million from $6.4 million
- ➤2026 revenue expected at low end of $35 million-$38 million range
Expert Statements
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“We are pleased with our third quarter results, marking Mobile’s strongest operating quarter of 2026, building strong momentum heading into 2027, and achieving our highest utilization and RevPAS to date.”
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“At the start of the year, we discussed our strategy of building utilization first, establishing a larger and more durable base of recurring and transient demand, and following this with improved, sustainable pricing as utilization improves.”
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“Our results in the third quarter evidence strong execution as our strategy translates into earnings improvement.”
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“In the third quarter, our growth was principally volume-driven.”
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“We have deliberately prioritized utilization and customer relationships, and we expect to achieve pricing power as more of the portfolio reaches stabilized utilization.”
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“We continue to execute our disciplined capital allocation strategy.”
Stephanie Hogue, Chief Executive Officer of Mobile Infrastructure Corporation
“These private-market valuations reinforce the underlying value of our portfolio and the disconnect from our current share price.”
CINCINNATI, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (Nasdaq: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), the nation’s only publicly traded owner of parking infrastructure, today reported results for the three and nine months ended September 30, 2026.
“We are pleased with our third quarter results, marking Mobile’s strongest operating quarter of 2026, building strong momentum heading into 2027, and achieving our highest utilization and RevPAS to date,” said Stephanie Hogue, Chief Executive Officer. “At the start of the year, we discussed our strategy of building utilization first, establishing a larger and more durable base of recurring and transient demand, and following this with improved, sustainable pricing as utilization improves. Our results in the third quarter evidence strong execution as our strategy translates into earnings improvement. Same-Location Revenue grew 12.8% and Same-Location NOI increased 18.4%, marking our third consecutive quarter of Same-Location NOI growth and a clear acceleration from the first half of the year.
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