BEEP on Nasdaq
Mobile Infrastructure Corp
Real estate company, listed on Nasdaq (BEEP). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerBEEP on Nasdaq1
- IndustryReal Estate1
- HeadquartersCincinnati, Ohio1
- Business address30 W. 4Th Street, Cincinnati, Oh 452022
- Filer category, Emerging growth company2
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Mobile Infrastructure Corporation is a Maryland corporation, publicly traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker “BEEP.” We focus on acquiring, owning and optimizing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. We target both parking garage and surface lot properties primarily in the top 50 U.S. Metropolitan Statistical Areas (“MSAs”), with proximity to key demand drivers, such as commerce, events and venues, government and institutions, hospitality and multifamily central business districts. As of December 31, 2025, we own 36 parking facilities in 19 separate markets throughout the United States, with a total of approximately 13,500 parking spaces and approximately 4.7 million square feet. We also own approximately 0.2 million square feet of commercial space adjace…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Base Rent Income brought in 84% of the revenue Mobile Infrastructure Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Base Rent Income | $6.2M | $5.4M |
| Percentage Rent Income | $3.0M | $1.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$35.1M
Out of $35.1M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Share buybacks100¢$4.0M
Out of $848.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Managed property revenue | $28.6M | $27.8M |
| Total revenues | $35.1M | $37.0M |
| Property taxes | $7.0M | $7.3M |
| Property operating expense | $7.4M | $7.1M |
| Depreciation and amortization | $10.6M | $8.4M |
| General and administrative | $8.0M | $10.8M |
| Professional fees | $1.6M | $1.8M |
| Impairment | $3.8M | $157.0K |
| Total expenses | $38.2M | $35.5M |
| Interest expense, net | -$19.0M | -$13.8M |
| Loss on extinguishment of debt | -$2.6M | $0 |
| (Loss) gain on sale of real estate | -$124.0K | $2.7M |
| Other income, net | $256.0K | $434.0K |
| Change in fair value of Earn-Out liability | $935.0K | $844.0K |
| Total other expense | -$20.6M | -$9.9M |
| Net loss | -$23.7M | -$8.4M |
| Net loss attributable to non-controlling interest | -$2.3M | -$2.6M |
| Net loss attributable to Mobile Infrastructure Corporations stockholders | -$21.4M | -$5.8M |
| Net loss attributable to Mobile Infrastructure Corporations common stockholders | -$22.4M | -$7.5M |
| Net loss per share attributable to Mobile Infrastructure Corporations common stockholders - basic and diluted (in dollars per share) | -$0.55 | -$0.24 |
| Weighted average common shares outstanding, basic and diluted (in shares) | 40.5M shares | 32.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-08-31 |
|---|---|---|---|---|
| Land and Land Improvements | $150.6M | $157.9M | ||
| Buildings and improvements | $244.6M | $259.8M | ||
| Construction in progress | $87.0K | $13.0K | ||
| Intangible assets | $5.7M | $10.1M | ||
| Accumulated depreciation and amortization | -$38.9M | -$38.0M | ||
| Total investments in real estate, net | $362.1M | $389.7M | ||
| Cash and cash equivalents | $8.3M | $10.7M | $11.1M | |
| Cash restricted | $6.9M | $5.2M | ||
| Accounts receivable, net | $4.0M | $3.5M | ||
| Notes receivable | $0 | $3.1M | ||
| Other assets | $1.1M | $2.9M | ||
| Total assets | $382.5M | $415.1M | ||
| Notes payable, net | $181.8M | $185.9M | ||
| Line of credit | $25.9M | $27.2M | ||
| Accrued preferred distributions and redemptions | $67.0K | $596.0K | ||
| Earn-Out liability | $0 | $935.0K | ||
| Total liabilities | $223.4M | $225.8M | ||
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 39,662,049 and 40,376,974 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $2.0K | $2.0K | ||
| Warrants issued and outstanding 2,553,192 warrants as of December 31, 2025 and December 31, 2024 | $3.3M | $3.3M | ||
| Additional paid-in capital | $299.4M | $306.7M | ||
| Accumulated deficit | -$161.5M | -$140.1M | ||
| Total Mobile Infrastructure Corporation Stockholders Equity | $141.3M | $170.0M | ||
| Non-controlling interest | $17.8M | $19.3M | ||
| Total equity | $159.0M | $189.3M | $203.0M | |
| Total liabilities and equity | $382.5M | $415.1M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 100.0M shares | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | 500.0M shares | |
| Common stock, shares issued (in shares) | 39.7M shares | 40.4M shares | ||
| Common stock, shares outstanding (in shares) | 39.7M shares | 40.4M shares | ||
| Warrant issued (in shares) | 2.6M shares | 2.6M shares | ||
| Warrant outstanding (in shares) | 2.6M shares | 2.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-08-31 |
|---|---|---|---|---|
| Land and Land Improvements | $150.6M | $157.9M | ||
| Buildings and improvements | $244.6M | $259.8M | ||
| Construction in progress | $87.0K | $13.0K | ||
| Intangible assets | $5.7M | $10.1M | ||
| Accumulated depreciation and amortization | -$38.9M | -$38.0M | ||
| Total investments in real estate, net | $362.1M | $389.7M | ||
| Cash and cash equivalents | $8.3M | $10.7M | $11.1M | |
| Cash restricted | $6.9M | $5.2M | ||
| Accounts receivable, net | $4.0M | $3.5M | ||
| Notes receivable | $0 | $3.1M | ||
| Other assets | $1.1M | $2.9M | ||
| Total assets | $382.5M | $415.1M | ||
| Notes payable, net | $181.8M | $185.9M | ||
| Line of credit | $25.9M | $27.2M | ||
| Accrued preferred distributions and redemptions | $67.0K | $596.0K | ||
| Earn-Out liability | $0 | $935.0K | ||
| Total liabilities | $223.4M | $225.8M | ||
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 39,662,049 and 40,376,974 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $2.0K | $2.0K | ||
| Warrants issued and outstanding 2,553,192 warrants as of December 31, 2025 and December 31, 2024 | $3.3M | $3.3M | ||
| Additional paid-in capital | $299.4M | $306.7M | ||
| Accumulated deficit | -$161.5M | -$140.1M | ||
| Total Mobile Infrastructure Corporation Stockholders Equity | $141.3M | $170.0M | ||
| Non-controlling interest | $17.8M | $19.3M | ||
| Total equity | $159.0M | $189.3M | $203.0M | |
| Total liabilities and equity | $382.5M | $415.1M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 100.0M shares | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | 500.0M shares | |
| Common stock, shares issued (in shares) | 39.7M shares | 40.4M shares | ||
| Common stock, shares outstanding (in shares) | 39.7M shares | 40.4M shares | ||
| Warrant issued (in shares) | 2.6M shares | 2.6M shares | ||
| Warrant outstanding (in shares) | 2.6M shares | 2.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$23.7M | -$8.4M |
| Depreciation and amortization expense | $10.6M | $8.4M |
| Amortization of loan costs and discounts | $2.7M | $1.4M |
| Gain on settlement of liability | $0 | -$823.0K |
| Loss on interest rate hedge | $167.0K | $55.0K |
| Loss (gain) on sale of real estate | $124.0K | -$2.7M |
| Equity-based payment | $3.1M | $5.7M |
| Impairment | $3.8M | $157.0K |
| Business Combination, Contingent Consideration, Change in Contingent Consideration, Liability, Increase (Decrease) | -$935.0K | -$844.0K |
| Due to/from related parties | $23.0K | -$3.0K |
| Accounts payable and accrued expenses | $5.2M | -$1.9M |
| Indemnification liability | $0 | -$350.0K |
| Deposits | -$105.0K | $0 |
| Other assets | $407.0K | -$320.0K |
| Accounts receivable, net | -$516.0K | -$1.2M |
| Net cash provided by (used in) operating activities | $848.0K | -$784.0K |
| Capital expenditures | -$1.1M | -$511.0K |
| Insurance reimbursement for capital expenditures | $309.0K | $0 |
| Proceeds from note receivable | $3.1M | $0 |
| Proceeds on sale of investment in real estate | $14.0M | $4.7M |
| Net cash provided by investing activities | $16.3M | $4.2M |
| Proceeds from Line of Credit | $7.6M | $27.2M |
| Proceeds from notes payable | $88.3M | $93.4M |
| Payments on notes payable | -$89.9M | -$40.0M |
| Payments on Revolving Credit Facility | $0 | -$58.7M |
| Payments on Line of Credit | -$8.9M | $0 |
| Distributions to non-controlling interest holders | -$185.0K | -$208.0K |
| Purchase of minority interest in subsidiary | $0 | -$1.5M |
| Loan fees | -$4.0M | -$2.5M |
| Share repurchase plan | -$4.0M | -$1.3M |
| Shares repurchased for vesting of employee awards | -$135.0K | -$133.0K |
| Preferred redemption payments | -$5.5M | -$10.8M |
| Preferred distribution payments | -$989.0K | -$9.7M |
| Net cash used in financing activities | -$17.7M | -$4.3M |
| Net change in cash and cash equivalents and restricted cash | -$535.0K | -$892.0K |
| Interest Paid | $12.8M | $11.1M |
| Accrued preferred distributions paid in common stock | $0 | $2.5M |
| Right of use asset and lease liability | $0 | $332.0K |
| Requested preferred redemptions not yet paid | $0 | $503.0K |
| Accrued capital expenditures | $15.0K | $595.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Mobile Infrastructure Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerStephanie Hogue Nov 20, 2025 to now10
- Chief executive officerManuel Chavez Iii. Aug 28, 2023 to Nov 20, 202511
- PresidentStephanie Hogue Sep 18, 2023 to now12
- Chief financial officerPaul M. Gohr May 17, 2024 to now13
- Chief financial officerStephanie Hogue Sep 18, 2023 to Jun 3, 202412
- Chief financial officerAndriy Mykhaylovskyy May 24, 2021 to Aug 10, 202114
Board members and other officers (14)
- OfficerStephanie Hogue Aug 28, 2023 to Aug 28, 202315
- Board memberBrad Greiwe Aug 28, 2023 to Jan 13, 202516
- Board memberDamon D. Jones Aug 28, 2023 to now17
- Board memberDanica Holley Aug 28, 2023 to now18
- Board memberDavid Garfinkle Aug 28, 2023 to now19
- Board memberJeffrey Osher Aug 28, 2023 to now20
- Board memberLorrence T. Kellar Aug 28, 2023 to Aug 28, 202321
- Board memberManuel Chavez Iii. Aug 28, 2023 to now11
- Board memberStephanie Hogue Aug 28, 2023 to now15
- Board memberAdeyemi Ajao May 24, 2021 to May 24, 202122
- Board memberAlana Beard May 24, 2021 to May 24, 202123
- Board memberAmanda Parness May 24, 2021 to May 24, 202124
- Board memberAndriy Mykhaylovskyy May 24, 2021 to Aug 10, 202114
- Board memberPoonam Sharma Mathis May 24, 2021 to May 24, 202125
Former names
- Fifth Wall Acquisition Corp. IIIMar 10, 2021 to Aug 14, 20232
Timeline
Filings
308 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 63 major events, 106 insider forms, 24 large holders, 94 other. The latest 20:
- Oct 8, 2026424B3 EDGAR
- Sep 23, 20268-K EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 18, 20268-K EDGAR
- Aug 11, 20268-K EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Aug 4, 2026SCHEDULE 13D EDGAR
- Jul 23, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- Jun 29, 20268-K EDGAR
- Jun 18, 2026S-8 EDGAR
- Jun 18, 20268-K EDGAR
- May 26, 20268-K EDGAR
- May 12, 20268-K EDGAR
- May 12, 202610-Q EDGAR
- Apr 27, 20268-K EDGAR
The 308 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
33 open-market trades by officers, directors and large owners since October 2021: 33 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 29, 2025 | GARFINKLE DAVIDDirector | Buy | 2,580 | $3.83 | $9.9K | Form 4 |
| Dec 10, 2024 | Holley DanicaDirector | Buy | 15,483 | $3.16 | $48.9K | Form 4 |
| Jun 14, 2024 | Osher JeffreyDirector | Buy | 5,983 | $3.30 | $19.7K | Form 4 |
| Jun 4, 2024 | Osher JeffreyDirector | Buy | 6,607 | $3.40 | $22.5K | Form 4 |
| Jun 3, 2024 | Osher JeffreyDirector | Buy | 1,225 | $3.38 | $4.1K | Form 4 |
| May 31, 2024 | Osher JeffreyDirector | Buy | 7,305 | $3.38 | $24.7K | Form 4 |
| May 30, 2024 | Osher JeffreyDirector | Buy | 6,706 | $3.38 | $22.7K | Form 4 |
| May 29, 2024 | Osher JeffreyDirector | Buy | 15,223 | $3.40 | $51.8K | Form 4 |
| May 28, 2024 | GARFINKLE DAVIDDirector | Buy | 4,100 | $3.35 | $13.7K | Form 4 |
| May 28, 2024 | Osher JeffreyDirector | Buy | 16,951 | $3.39 | $57.5K | Form 4 |
| May 24, 2024 | Chavez Manuel IIICEO | Buy | 8,566 | $3.49 | $29.9K | Form 4 |
| May 24, 2024 | GARFINKLE DAVIDDirector | Buy | 4,800 | $3.40 | $16.3K | Form 4 |
| May 23, 2024 | GARFINKLE DAVIDDirector | Buy | 5,800 | $3.45 | $20.0K | Form 4 |
| May 23, 2024 | Chavez Manuel IIICEO | Buy | 5,961 | $3.48 | $20.7K | Form 4 |
| May 22, 2024 | Chavez Manuel IIICEO | Buy | 27 | $3.50 | $94 | Form 4 |
| May 20, 2024 | Chavez Manuel IIICEO | Buy | 9,375 | $3.49 | $32.7K | Form 4 |
| May 17, 2024 | Chavez Manuel IIICEO | Buy | 1,183 | $3.49 | $4.1K | Form 4 |
| May 9, 2024 | Chavez Manuel IIICEO | Buy | 473 | $3.50 | $1.7K | Form 4 |
| May 8, 2024 | Chavez Manuel IIICEO | Buy | 814 | $3.50 | $2.8K | Form 4 |
| May 7, 2024 | Chavez Manuel IIICEO | Buy | 24 | $3.50 | $84 | Form 4 |
All 33 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Manuel Chavez Iii.SCHEDULE 13D, 6 filings Jul 29, 2024 to Aug 4, 202626
- Empyrean Capital Partners, LPSC 13G/A, 3 filings Feb 4, 2022 to Feb 14, 202427
- Sculptor Capital LPSC 13G/A, 3 filings Feb 4, 2022 to Feb 14, 202428
- ARISTEIA CAPITAL, L.L.C.SC 13G/A, 2 filings Feb 13, 2023 to Feb 12, 202429
- Saba Capital Management, L.P.SC 13G/A, 3 filings Jul 28, 2022 to Feb 8, 202430
- Color Up, LLCSC 13D/A, 2 filings Sep 6, 2023 to Nov 3, 202331
- Fifth Wall Acquisition Sponsor III, LLCSC 13D/A, 1 filing Sep 1, 202332
- CITADEL ADVISORS LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202333
- EMINENCE CAPITAL, LPSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202334
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 58. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 17, 2025 | Bernie MorenoRepublican, Senate | Sale | $15,001 - $50,000 | +69.2% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARStephanie Hogue, President
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- 15SEC EDGARStephanie Hogue, Officer
- 16SEC EDGARBrad Greiwe, Board member
- 17SEC EDGARDamon D. Jones, Board member
- 18SEC EDGARDanica Holley, Board member
- 19SEC EDGARDavid Garfinkle, Board member
- 20SEC EDGARJeffrey Osher, Board member
- 21SEC EDGARLorrence T. Kellar, Board member
- 22SEC EDGARAdeyemi Ajao, Board member
- 23SEC EDGARAlana Beard, Board member
- 24SEC EDGARAmanda Parness, Board member
- 25SEC EDGARPoonam Sharma Mathis, Board member
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