The company's financial position appears increasingly strained, with the debt-to-equity ratio climbing to 1.33 in 2026Q1 as total assets contracted to $362.8M.
| Total Assets | 362.78M | 382.46M | 415.06M | 423.24M | 436.11M | 429.15M | 293.73M | 318.34M | 323.57M | 312.94M | 70.25M | 2.45M |
| Asset Growth % | -26.9% | -7.85% | -1.93% | -2.95% | 1.62% | 46.1% | -7.73% | -1.62% | 3.4% | 345.44% | 2769.89% | - |
| Real Estate & Other Assets | 1.4M | -2.32M | 0 | 1.38M | 210K | 61K | 9.69M | 12.78M | 8.56M | 18.87M | 11.82M | 180K |
| PP&E (Net) | 0 | 0 | 383.28M | 395.68M | 408.98M | 397.82M | 278.85M | 297.86M | 309.9M | 285.57M | 53.55M | 0 |
| Investment Securities | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 17.4M | 19.27M | 25.33M | 18.98M | 16.81M | 21.51M | 4.24M | 7.71M | 5.11M | 8.5M | 4.88M | 2.27M |
| Cash & Equivalents | 14.19M | 15.28M | 10.65M | 11.13M | 5.76M | 11.8M | 4.24M | 7.71M | 5.11M | 8.5M | 4.88M | 2.27M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 8.04M | 5.58M | 99K | -568K | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 3.37M | 6.45M | 7.2M | 10.11M | 9.76M | 958K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 212.71M | 223.42M | 225.79M | 220.28M | 249.1M | 223.32M | 159.34M | 159.12M | 155.96M | 123.77M | 5.32M | 106K |
| Total Debt | 199.98M | 208.16M | 213.16M | 192.9M | 219.68M | 207.15M | 159.34M | 159.12M | 155.96M | 123.77M | 5.32M | 106K |
| Net Debt | 185.79M | 192.87M | 202.5M | 181.77M | 213.92M | 195.35M | 155.11M | 151.41M | 150.85M | 115.27M | 433K | -2.16M |
| Long-Term Debt | 174.08M | 181.77M | 185.92M | 121.45M | 146.95M | 207.15M | 159.34M | 159.12M | 155.96M | 123.77M | 5.32M | 106K |
| Short-Term Borrowings | 25.89M | 26.39M | 27.24M | 71.45M | 72.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 25.89M | 26.39M | 38.94M | 84.12M | 102.16M | 14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 15.2M | 10.63M | 14.67M | 19.48M | 8.35M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 200K | 0 | 376K | 155K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 12.73M | 15.26M | 935K | 14.71M | 0 | 2.17M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity | 150.07M | 159.04M | 189.27M | 202.96M | 187.01M | 205.82M | 110.82M | 130.25M | 162.12M | 162.18M | 55.87M | 2.3M |
| Equity Growth % | -60.11% | -15.97% | -6.74% | 8.53% | -9.14% | 85.73% | -14.92% | -19.66% | -0.03% | 190.26% | 2325.04% | - |
| Shareholders Equity | 132.53M | 141.27M | 169.98M | 109.39M | 87.33M | 98.45M | 108.78M | 127.63M | 159.43M | 159.43M | 51.75M | 2.3M |
| Minority Interest | 17.54M | 17.77M | 19.29M | 93.57M | 99.68M | 107.38M | 2.03M | 2.62M | 2.69M | 2.75M | 4.12M | 0 |
| Common Stock | 2K | 2K | 2K | 2K | 277.85M | 275M | 0 | 0 | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 297.76M | 299.45M | 306.72M | 240.36M | 193.18M | 196.18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -168.55M | -161.5M | -140.06M | -134.29M | -109.17M | -101.05M | -89.98M | -66.51M | -23.95M | -18.17M | -5.13M | -126K |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -6.36% | -5.38% | -1.38% | -5.85% | -2.57% | -3.89% | -8.65% | -14.19% | -2.44% | -5.96% | -11.69% | -7.72% |
| Return on Equity (ROE) | -14.96% | -12.31% | -2.94% | -12.88% | -5.66% | -8.88% | -21.96% | -31.17% | -4.79% | -10.47% | -14.61% | -8.2% |
| Debt / Assets | 55.12% | 54.43% | 51.36% | 45.58% | 50.37% | 48.27% | 54.25% | 49.98% | 48.2% | 39.55% | 7.57% | 4.33% |
| Debt / Equity | 1.33x | 1.31x | 1.13x | 0.95x | 1.17x | 1.01x | 1.44x | 1.22x | 0.96x | 0.76x | 0.10x | 0.05x |
| Net Debt / EBITDA | 16.46x | 17.23x | 20.09x | 29.20x | 87.24x | 45.30x | - | - | - | - | - | - |
| Book Value per Share | 3.81 | 3.93 | 5.91 | 15.32 | 14.29 | 26.59 | 15.12 | 19.05 | 24.75 | 59.84 | 50.68 | 10.07 |
Negative operating cash flow
As reported in recent financial filings, total assets have declined from $423.2M in 2023Q4 to $362.8M in 2026Q1, reflecting a persistent contraction in the company's real estate footprint that suggests a potential shift toward asset liquidation or a failure to replace aging, underperforming parking infrastructure.
The consistent reduction in total assets alongside the disappearance of net PPE from the balance sheet in recent quarters warrants close scrutiny regarding the company's long-term capital strategy. This trend appears to indicate that the firm is struggling to maintain its core real estate base while simultaneously failing to generate the growth necessary to offset depreciation.
Based on the provided quarterly data, the debt-to-equity ratio has climbed from 0.95 in 2023Q4 to 1.33 in 2026Q1, signaling that the company's reliance on debt is intensifying even as its equity base erodes due to persistent net losses and negative FFO.
While a debt-to-equity ratio of 1.33 might appear manageable in some sectors, for a REIT with negative operating margins, this level of leverage suggests a narrowing margin of safety. Investors should monitor whether the company's debt structure remains sustainable if property-level cash flows continue to deteriorate.
According to the company's balance sheet, cash reserves have fluctuated significantly, ending 2026Q1 at $14.2M, which provides limited liquidity to cover the ongoing operational cash burn and the structural maintenance requirements inherent in the firm's high-fixed-cost parking portfolio.
The volatility in cash balances suggests that the company is likely relying on external financing or capital recycling to maintain operations. Given the persistent negative FFO, this liquidity position appears vulnerable to any unexpected spikes in maintenance CapEx or further declines in parking demand.
Financial statements indicate that the total assets have dropped by approximately 14% since 2023Q4, which may imply that the carrying value of the parking facilities is being adjusted downward to reflect the reality of declining urban parking demand and operational inefficiencies.
The rapid decline in reported asset values suggests that the company's portfolio may be facing significant impairment risks that are not yet fully captured in the current valuation. This trend warrants further investigation into whether the underlying land value can actually support the current debt load if the parking business model continues to face structural headwinds.
Quick answers to the most common questions about buying BEEP stock.
As of 2025, Mobile Infrastructure Corporation (BEEP) had total assets of $382.5M including $19.3M in current assets.
Mobile Infrastructure Corporation (BEEP) carries total debt of $208.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Mobile Infrastructure Corporation (BEEP) has total shareholders' equity (book value) of $141.3M ($3.93 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Mobile Infrastructure Corporation (BEEP) reported a current ratio of 0.73x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.