Mobix Labs Inc Financials
Mobix Labs Inc (MOBX) reported $9.9M in revenue for fiscal year 2025, up 53.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Mobix Labs is expanding gross margins while overhead and external financing continue to define the operating model.
From FY2024 to FY2025, revenue increased from$6.4M to$9.9M as gross margin widened from39.6% to50.5% , indicating improving product economics or mix rather than simple scale alone. However, the operating loss remained-$37.7M in FY2025, showing that gross-profit gains are still being absorbed by the cost structure rather than reaching the bottom line.
FY2025 paired a net loss of
A 0.2x current ratio means near-term assets cover only a fraction of near-term obligations. Cash of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mobix Labs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Mobix Labs Inc, and counted as zero in the overall score.
Mobix Labs Inc scores -9.12, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($20.5M) relative to total liabilities ($37.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Mobix Labs Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Mobix Labs Inc reported a net loss of $46.1M while generating $10.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Mobix Labs Inc reported an operating loss of $37.7M against $2.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Mobix Labs Inc generated $9.9M in revenue in fiscal year 2025. This represents an increase of 53.9% from the prior year.
Mobix Labs Inc's EBITDA was -$35.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.7% from the prior year.
Mobix Labs Inc reported -$46.1M in net income in fiscal year 2025. This represents a decrease of 130.3% from the prior year.
Cash & Balance Sheet
Mobix Labs Inc generated $10.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 45.0% from the prior year.
Mobix Labs Inc held $3.3M in cash against $1.1M in long-term debt as of fiscal year 2025, with $27.8M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Mobix Labs Inc's gross margin was 50.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 10.9 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
Mobix Labs Inc invested $2.4M in research and development in fiscal year 2025. This represents a decrease of 58.1% from the prior year.
Mobix Labs Inc invested $26K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 40.9% from the prior year.
Not reported for fiscal year 2025.
MOBX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | $5.5M | $9.9M+53.9% | $6.4M+426.3% | $1.2M | N/A |
| Cost of Revenue | $3.7M | $4.9M+26.1% | $3.9M+140.1% | $1.6M | N/A |
| Gross Profit | $1.8M | $5.0M+96.2% | $2.6M+744.4% | -$396K | N/A |
| R&D Expenses | $1.9M | $2.4M-58.1% | $5.8M-47.7% | $11.0M | N/A |
| SG&A Expenses | $29.4M | $39.6M-5.4% | $41.8M+73.6% | $24.1M+2014.3% | $1.1M |
| Operating Income | -$29.4M | -$37.7M+18.8% | -$46.4M-30.5% | -$35.5M-2720.8% | -$1.3M |
| Interest Expense | $4.9M | $2.3M+47.0% | $1.6M-52.8% | $3.4M | N/A |
| Income Tax | -$2K | $7K+100.3% | -$2.4M-3725.4% | $67K | $0 |
| Net Income | -$48.5M | -$46.1M-130.3% | -$20.0M+49.4% | -$39.6M-5005.0% | -$776K |
| EPS (Diluted) | — | -$10.15 | -$7.53 | -$2.71 | N/A |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MOBX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $37.1M-5.1% | $39.1M+108.5% | $18.7M+87.3% | $10.0M |
| Current Assets | $6.7M+27.4% | $5.3M+535.1% | $830K+372.2% | $176K |
| Cash & Equivalents | $3.3M+1130.5% | $266K+3434.9% | $8K-95.7% | $176K |
| Inventory | $1.4M-16.8% | $1.7M+440.8% | $319K | N/A |
| Accounts Receivable | $1.4M-49.7% | $2.8M+5207.5% | $53K | N/A |
| Goodwill | $16.1M0.0% | $16.1M+208.0% | $5.2M | N/A |
| Total Liabilities | $37.4M+11.6% | $33.6M+54.0% | $21.8M+16.1% | $18.8M |
| Current Liabilities | $27.8M+6.4% | $26.1M+27.8% | $20.4M+1901.8% | $1.0M |
| Long-Term Debt | $1.1M-14.3% | $1.3M-80.5% | $6.6M | N/A |
| Total Equity | -$336K-106.1% | $5.5M+203.5% | -$5.3M+39.0% | -$8.8M |
| Retained Earnings | -$150.6M-44.2% | -$104.5M-24.7% | -$83.8M-3804.6% | -$2.1M |
MOBX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | $994K | $10.1M-45.0% | $18.4M+225.7% | -$14.6M-4456.3% | -$321K |
| Capital Expenditures | N/A | $26K-40.9% | $44K | N/A | N/A |
| Free Cash Flow | N/A | $10.1M-45.0% | $18.3M | N/A | N/A |
| Investing Cash Flow | N/A | $1K+100.1% | -$1.1M-75.0% | -$633K | N/A |
| Financing Cash Flow | $21.2M | $13.1M-33.3% | $19.7M+29.7% | $15.2M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MOBX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 50.5%+10.9pp | 39.6%+72.0pp | -32.4% | N/A |
| Operating Margin | -380.3% | -720.2% | -2903.9% | N/A |
| Net Margin | -465.4% | -311.0% | -3237.0% | N/A |
| Return on Equity | N/A | -362.3% | N/A | N/A |
| Return on Assets | -124.3%-73.1pp | -51.2%+160.1pp | -211.3%-203.6pp | -7.8% |
| Current Ratio | 0.240.0x | 0.20+0.2x | 0.04-0.1x | 0.17 |
| Debt-to-Equity | N/A | 0.23 | N/A | N/A |
| FCF Margin | 101.8% | 284.8% | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$336K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Mobix Labs Inc Ranks
Frequently Asked Questions
What is Mobix Labs Inc's annual revenue?
Mobix Labs Inc (MOBX) reported $9.9M in total revenue for fiscal year 2025. This represents a 53.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mobix Labs Inc's revenue growing?
Mobix Labs Inc (MOBX) revenue grew by 53.9% year-over-year, from $6.4M to $9.9M in fiscal year 2025.
Is Mobix Labs Inc profitable?
No, Mobix Labs Inc (MOBX) reported a net income of -$46.1M in fiscal year 2025.
What is Mobix Labs Inc's EBITDA?
Mobix Labs Inc (MOBX) had EBITDA of -$35.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mobix Labs Inc have?
As of fiscal year 2025, Mobix Labs Inc (MOBX) had $3.3M in cash and equivalents against $1.1M in long-term debt.
What is Mobix Labs Inc's gross margin?
Mobix Labs Inc (MOBX) had a gross margin of 50.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mobix Labs Inc's free cash flow?
Mobix Labs Inc (MOBX) generated $10.1M in free cash flow during fiscal year 2025. This represents a -45.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mobix Labs Inc's operating cash flow?
Mobix Labs Inc (MOBX) generated $10.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mobix Labs Inc's total assets?
Mobix Labs Inc (MOBX) had $37.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mobix Labs Inc's capital expenditures?
Mobix Labs Inc (MOBX) invested $26K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Mobix Labs Inc spend on research and development?
Mobix Labs Inc (MOBX) invested $2.4M in research and development during fiscal year 2025.
What is Mobix Labs Inc's current ratio?
Mobix Labs Inc (MOBX) had a current ratio of 0.24 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Mobix Labs Inc's return on assets (ROA)?
Mobix Labs Inc (MOBX) had a return on assets of -124.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Mobix Labs Inc's debt-to-equity ratio negative or not reported?
Mobix Labs Inc (MOBX) has negative shareholder equity of -$336K as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Mobix Labs Inc's Altman Z-Score?
Mobix Labs Inc (MOBX) has an Altman Z-Score of -9.12, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mobix Labs Inc's Piotroski F-Score?
Mobix Labs Inc (MOBX) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mobix Labs Inc's earnings high quality?
Mobix Labs Inc (MOBX) reported a net loss of $46.1M while generating $10.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mobix Labs Inc cover its interest payments?
Mobix Labs Inc (MOBX) reported an operating loss of $37.7M against $2.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mobix Labs Inc?
Mobix Labs Inc (MOBX) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.