Mobix Labs, Inc Warrants (MOBXW) Financials
Newest figures come from the 10-K for Q3 FY2026, filed Aug 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MOBXW SEC filings page.
Mobix Labs, Inc Warrants (MOBXW) 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 improving gross economics but still cannot convert them into operating profit, requiring financing while its balance sheet weakens.
The key mismatch is between cash use and reported earnings: operating cash flow improved from-$18.4M in FY2024 to-$10.1M in FY2025, while net loss widened from$20.0M to$46.1M . Accounting losses therefore deteriorated even as the cash deficit narrowed, indicating that earnings and cash movement are not tracking together.
Revenue increased from
By FY2025, liabilities exceeded assets and equity was negative, while the current ratio was only 0.2x; short-term obligations therefore remained large relative to near-term assets. Financing supplied
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 Warrants'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.
Mobix Labs, Inc Warrants held $3.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $10.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Mobix Labs, Inc Warrants scores 15/100 among other emerging companies.
Not available for Mobix Labs, Inc Warrants, and counted as zero in the overall score.
Mobix Labs, Inc Warrants spent $2.4M on research and development in fiscal year 2025, which was 5.1% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Mobix Labs, Inc Warrants scores 24/100 among other emerging companies.
Mobix Labs, Inc Warrants reported revenue of $9.9M in fiscal year 2025, against $6.4M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Mobix Labs, Inc Warrants scores 91/100 among other emerging companies.
Mobix Labs, Inc Warrants's operations used $10.1M of cash in fiscal year 2025, against $18.4M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Mobix Labs, Inc Warrants scores 62/100 among other emerging companies.
Mobix Labs, Inc Warrants's cash, cash equivalents and investments came to $3.3M at the end of fiscal year 2025, against $37.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Mobix Labs, Inc Warrants scores 15/100 among other emerging companies.
Mobix Labs, Inc Warrants passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Mobix Labs, Inc Warrants reported a net loss of $46.1M while operations used $10.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Mobix Labs, Inc Warrants 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 Warrants generated $789K in revenue in Q3 2026. This represents a decrease of 66.4% from the same quarter a year earlier. Against the prior quarter it is down 18.7%.
Mobix Labs, Inc Warrants's EBITDA was -$6.9M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.0% from the same quarter a year earlier. Against the prior quarter it is down 22.1%.
Mobix Labs, Inc Warrants reported -$16.8M in net income in Q3 2026. This represents a decrease of 103.0% from the same quarter a year earlier. Against the prior quarter it is down 186.9%.
Mobix Labs, Inc Warrants earned -$1.33 per diluted share (EPS) in Q3 2026. Against the prior quarter it is down 125.4%.
Cash & Balance Sheet
Mobix Labs, Inc Warrants held $2.1M in cash against $2.4M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Mobix Labs, Inc Warrants's gross margin was 12.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 44.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.0 percentage points.
Mobix Labs, Inc Warrants's ROE was -268.8% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1677.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 202.6 percentage points.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Mobix Labs, Inc Warrants invested $411K in research and development in Q3 2026. This represents a decrease of 15.4% from the same quarter a year earlier. Against the prior quarter it is down 4.0%.
Not reported for Q3 2026.
Not reported for Q3 2026.
MOBXW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $789K-66.4% | $970K-61.4% | $1.9M-40.8% | $1.9M-36.3% | $2.4M+14.2% | $2.5M+119.3% | $3.2M+1011.9% | $3.0M+582.2% |
| Cost of Revenue | $687K-31.4% | $786K-47.3% | $1.3M-12.7% | $931K-27.4% | $1.0M-24.6% | $1.5M+56.6% | $1.5M+350.5% | $1.3M+196.8% |
| Gross Profit | $102K-92.4% | $184K-82.0% | $581K-65.6% | $951K-43.1% | $1.3M+84.5% | $1.0M+428.5% | $1.7M+3934.1% | $1.7M+167100.0% |
| R&D Expenses | $411K-15.4% | $428K-40.5% | $442K-27.7% | $603K-58.4% | $486K-64.5% | $719K-48.5% | $611K-60.9% | $1.5M-20.9% |
| SG&A Expenses | $7.0M-14.2% | $5.8M-28.1% | $9.0M-42.9% | $7.5M-25.6% | $8.2M-5.8% | $8.1M+10.5% | $15.7M+0.3% | $10.1M+33580.0% |
| Operating Income | -$7.4M+8.9% | -$6.1M+22.2% | -$8.8M+39.6% | -$7.2M+36.1% | -$8.1M+13.7% | -$7.8M+8.6% | -$14.6M+15.3% | -$11.2M-4585.5% |
| EBITDA | -$6.9M+9.0% | -$5.7M+22.3% | -$8.4M+40.3% | -$6.7M+37.3% | -$7.6M+13.0% | -$7.3M+9.3% | -$14.0M+17.0% | -$10.7M-13020.0% |
| Interest Expense | $868K+58.7% | $1.4M+406.9% | $1.4M+554.0% | $1.3M+269.4% | $547K+330.7% | $274K+10.5% | $211K-75.4% | $350K-83.9% |
| Income Tax | $3K+250.0% | $3K+160.0% | -$24K-1100.0% | $16K-95.7% | -$2K+99.9% | -$5K+68.8% | -$2K+99.8% | $372K+659.2% |
| Net Income | -$16.8M-103.0% | -$5.9M-155.5% | -$10.1M+49.0% | -$15.7M-36.3% | -$8.3M-7.7% | -$2.3M-30.7% | -$19.8M-2221.8% | -$11.5M-196241.0% |
| EPS (Basic) | -$1.33+21.8% | -$0.59-3.5% | -$1.61+68.8% | -$2.99-686.8% | -$1.70-580.0% | -$0.57-533.3% | -$5.16-13000.0% | -$0.38-2.7% |
| EPS (Diluted) | -$1.33 | -$0.59 | -$1.61 | -$2.99 | -$1.70 | -$0.57 | -$5.16 | -$0.39 |
| Diluted Shares (Avg) | 13M | 10M | 6M | N/A | 5M | 4M | 4M | N/A |
MOBXW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $34.9M+1.1% | $34.9M-4.6% | $32.7M-12.2% | $37.1M-5.1% | $34.6M-16.3% | $36.5M+23.9% | $37.3M-10.1% | $39.1M+108.5% |
| Current Assets | $6.0M+64.0% | $5.5M+38.2% | $2.9M-24.9% | $6.7M+27.4% | $3.7M-9.7% | $4.0M-10.7% | $3.8M-75.9% | $5.3M+535.1% |
| Cash & Equivalents | $2.1M+792.5% | $2.6M+228.2% | $268K-33.8% | $3.3M+1130.5% | $240K+17.1% | $781K-73.9% | $405K-97.3% | $266K+3434.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.5M+17.3% | $1.3M+16.7% | $1.2M-5.9% | $1.4M-16.8% | $1.2M-34.6% | $1.1M+206.4% | $1.2M+194.3% | $1.7M+440.8% |
| Accounts Receivable | $760K-48.7% | $724K-56.9% | $1.0M-45.7% | $1.4M-49.7% | $1.5M+0.3% | $1.7M+264.2% | $1.9M+521.2% | $2.8M+5207.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $16.1M0.0% | $16.1M0.0% | $16.1M0.0% | $16.1M0.0% | $16.1M+5.7% | $16.1M+49.3% | $16.1M+49.3% | $16.1M+208.0% |
| Total Liabilities | $26.7M-21.7% | $26.0M-28.1% | $28.1M-30.4% | $37.4M+11.6% | $34.1M+4.2% | $36.2M+42.8% | $40.3M+8.7% | $33.6M+54.0% |
| Current Liabilities | $22.1M-17.0% | $24.0M-23.7% | $25.2M-11.2% | $27.8M+6.4% | $26.7M+4.7% | $31.5M+74.7% | $28.4M+32.6% | $26.1M+27.8% |
| Non-Current Liabilities | $4.6M-38.6% | $2.0M-57.9% | $2.8M-76.3% | $9.7M+29.7% | $7.4M+2.7% | $4.7M-35.7% | $11.9M-24.1% | $7.5M+445.5% |
| Long-Term Debt | $2.4M+73.1% | $1.0M+83.0% | $1.9M+119.8% | $1.1M-14.3% | $1.4M-57.1% | $552K-82.5% | $873K-82.4% | $1.3M-80.5% |
| Total Equity | $6.2M+1370.1% | $8.8M+2486.3% | $4.7M+253.6% | -$336K-106.1% | $425K-95.0% | $342K-91.8% | -$3.0M-169.6% | $5.5M+203.5% |
| Retained Earnings | -$183.4M-36.0% | -$166.6M-31.6% | -$160.7M-29.3% | -$150.6M-44.2% | -$134.9M-45.1% | -$126.6M-48.5% | -$124.3M-50.1% | -$104.5M-24.7% |
MOBXW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.7M-39.6% | -$4.3M-625.6% | -$4.8M-412.4% | -$4.5M-24.6% | -$4.1M-32.7% | -$586K+92.8% | -$930K+74.1% | -$3.6M-132.1% |
| Depreciation & Amortization | $437K-6.4% | $424K-20.0% | $455K-23.4% | $467K-13.7% | $467K-23.2% | $530K+2.7% | $594K+69.7% | $541K+68.0% |
| Stock-Based Compensation | $2.4M-66.9% | $2.5M-26.8% | $5.1M-47.6% | N/A | $7.1M+96.1% | $3.4M+132.6% | $9.8M-22.8% | N/A |
| Capital Expenditures | N/A | N/A | N/A | $10K-99.0% | $0-100.0% | N/A | N/A | -$1.0M |
| Free Cash Flow | N/A | N/A | N/A | -$4.5M+2.5% | -$4.1M-30.7% | N/A | N/A | -$4.6M |
| Investing Cash Flow | N/A | N/A | N/A | -$10K | $27K-35.7% | N/A | N/A | $0+100.0% |
| Financing Cash Flow | $5.3M+50.5% | $6.5M+569.4% | $1.8M+64.6% | $7.6M+105.2% | $3.5M+1317.7% | $978K+136.6% | $1.1M-94.2% | $3.7M+136.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MOBXW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-K | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-K | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.9%-44.5pp | 19.0%-21.6pp | 31.0%-22.2pp | 50.5%-6.1pp | 57.4%+21.9pp | 40.6%+23.8pp | 53.2%+68.7pp | 56.6%+56.4pp |
| Operating Margin | -932.1% | -627.9% | -471.1% | -380.7% | -343.4% | -311.8% | -461.7% | -379.7% |
| Net Margin | -2128.6% | -603.4% | -540.0% | -835.8% | -352.0% | -91.2% | -626.0% | -390.6% |
| Return on Equity | -268.8%+1677.5pp | -66.2%+603.7pp | -217.0% | N/A | -1946.3%-1856.4pp | -669.9%-627.7pp | N/A | -208.6% |
| Return on Assets | -48.1%-24.1pp | -16.8%-10.5pp | -30.9%+22.3pp | -42.4%-12.9pp | -23.9%-5.3pp | -6.3%-0.3pp | -53.2%-55.5pp | -29.5%-29.5pp |
| Current Ratio | 0.27+0.1x | 0.23+0.1x | 0.110.0x | 0.240.0x | 0.140.0x | 0.13-0.1x | 0.13-0.6x | 0.20+0.2x |
| Debt-to-Equity | 0.38-2.9x | 0.11-1.5x | 0.41 | N/A | 3.25+2.9x | 1.61+0.9x | N/A | 0.23 |
| Asset Turnover | 0.020.0x | 0.030.0x | 0.060.0x | 0.050.0x | 0.070.0x | 0.070.0x | 0.09+0.1x | 0.08+0.1x |
| FCF Margin | N/A | N/A | N/A | 834.4% | -173.8% | N/A | N/A | -157.1% |
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.
Where Mobix Labs, Inc Warrants Ranks
Frequently Asked Questions
What is Mobix Labs, Inc Warrants's annual revenue?
Mobix Labs, Inc Warrants (MOBXW) 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 Warrants's revenue growing?
Mobix Labs, Inc Warrants (MOBXW) revenue grew by 53.9% year-over-year, from $6.4M to $9.9M in fiscal year 2025.
Is Mobix Labs, Inc Warrants profitable?
No, Mobix Labs, Inc Warrants (MOBXW) reported a net income of -$46.1M in fiscal year 2025.
What is Mobix Labs, Inc Warrants's EBITDA?
Mobix Labs, Inc Warrants (MOBXW) had EBITDA of -$35.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mobix Labs, Inc Warrants have?
As of fiscal year 2025, Mobix Labs, Inc Warrants (MOBXW) had $3.3M in cash and equivalents against $1.1M in long-term debt.
What is Mobix Labs, Inc Warrants's gross margin?
Mobix Labs, Inc Warrants (MOBXW) 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 Warrants's free cash flow?
Mobix Labs, Inc Warrants (MOBXW) recorded an outflow of $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 Warrants's operating cash flow?
Mobix Labs, Inc Warrants (MOBXW) recorded an outflow of $10.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Mobix Labs, Inc Warrants's total assets?
Mobix Labs, Inc Warrants (MOBXW) had $37.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mobix Labs, Inc Warrants's capital expenditures?
Mobix Labs, Inc Warrants (MOBXW) invested $26K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Mobix Labs, Inc Warrants spend on research and development?
Mobix Labs, Inc Warrants (MOBXW) invested $2.4M in research and development during fiscal year 2025.
What is Mobix Labs, Inc Warrants's current ratio?
Mobix Labs, Inc Warrants (MOBXW) 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 Warrants's return on assets (ROA)?
Mobix Labs, Inc Warrants (MOBXW) had a return on assets of -124.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Mobix Labs, Inc Warrants's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Mobix Labs, Inc Warrants (MOBXW) held $3.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.1M over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Mobix Labs, Inc Warrants's debt-to-equity ratio negative or not reported?
Mobix Labs, Inc Warrants (MOBXW) 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 Warrants's Piotroski F-Score?
Mobix Labs, Inc Warrants (MOBXW) has a Piotroski F-Score of 5 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 Warrants's earnings high quality?
Mobix Labs, Inc Warrants (MOBXW) reported a net loss of $46.1M while operations used $10.1M of cash. With neither figure positive, 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 Warrants cover its interest payments?
Mobix Labs, Inc Warrants (MOBXW) 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 Warrants?
Mobix Labs, Inc Warrants (MOBXW) scores 35 out of 100 on our Financial Health Score, indicating weak 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.