MOBILE INFRASTRUCTURE CORP (NASDAQ:BEEP) Reports Q2 2025 Earnings Miss Amid Revenue Decline and Wider Loss

MOBILE INFRASTRUCTURE CORP (NASDAQ:BEEP) reported its second-quarter 2025 financial results, missing analyst estimates on both revenue and earnings per share (EPS). The company posted revenue of $9.0 million, a 3.0% decline year-over-year, falling short of the consensus estimate of $9.3 million. Adjusted EBITDA also decreased by 5.6% to $3.8 million. The net loss widened to $4.7 million, or $(0.11) per share, compared to a net loss of $2.5 million, or $(0.06) per share, in the prior-year period. Analysts had expected a narrower loss of $(0.0918) per share.

Key Financial Highlights

• Revenue: $9.0 million (vs. $9.3 million estimate)
• EPS: $(0.11) (vs. $(0.0918) estimate)
• Net Operating Income (NOI): $5.4 million, down 3.5% YoY
• Adjusted EBITDA: $3.8 million, down 5.6% YoY
• Same-location RevPAS (Revenue Per Available Stall): $212 (vs. $217 in Q2 2024)

Market Reaction

The stock has declined 5.3% over the past month, reflecting investor concerns over weakening financial performance and rising interest expenses, which climbed to $4.7 million due to higher debt levels. The after-hours trading showed no immediate reaction, suggesting the market had already priced in the earnings miss.

Operational and Strategic Updates

CEO Stephanie Hogue cited construction delays and adverse weather conditions as temporary headwinds impacting transient parking volumes. However, contract parking demand grew 2.5% sequentially and 6.6% year-to-date, driven by urban office reoccupancy and residential conversions in key markets like Cincinnati.

The company is progressing on its three-year asset divestiture plan, targeting $100 million in non-core sales, with $20 million currently under negotiation. Proceeds are expected to strengthen the balance sheet, where total debt stands at $214.3 million against $15.9 million in cash.

Outlook vs. Analyst Estimates

Management expects full-year 2025 revenue at the lower end of its $37–40 million guidance range, implying a potential miss against the analyst consensus of $39.1 million. For Q3, analysts project revenue of $10.5 million and an EPS loss of $(0.0612), which Mobile Infrastructure may struggle to meet if transient demand remains subdued.

Press Release Summary

• Contract parking growth (+6.6% YTD) offset by weaker transient demand.
• Balance sheet initiatives underway, including refinancing 2026/2027 debt maturities.
• Asset rotation strategy advancing, with $20 million in potential sales.

For detailed earnings estimates and historical performance, review BEEP’s earnings data.

Disclaimer: This article is not investment advice. Investors should conduct their own research or consult a financial advisor before making decisions.