Here are the 10-K annual reports from Mobile Infrastructure Corporation (BEEP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BEEP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BEEP filings page.
Mobile Infrastructure Corporation, a Maryland company trading on Nasdaq as “BEEP,” focuses on acquiring, owning and optimizing parking facilities and related infrastructure across major U.S. metropolitan areas. As of December 31, 2025, it owned 36 facilities in 19 markets with approximately 13,500 spaces and 4.7 million square feet, plus 0.2 million square feet of adjacent commercial space.
The company operates primarily through Mobile Infra Operating Company, LLC, in which it holds about 90.3% of the common units. It reported net losses attributable to common stockholders of $22.4 million in 2025 and $7.5 million in 2024, reflecting start-up costs, depreciation and acquisition expenses. Revenue is highly concentrated with two operators, Metropolis Technologies and LAZ Parking, and in several urban markets such as Cincinnati, Detroit and Chicago.
Management’s strategy over the next twelve months centers on optimizing the mix of transient and contract parkers to improve revenue per available stall, expanding management contracts with third-party operators, pursuing tech-enabled ancillary revenues like EV charging, seeking accretive acquisitions and selectively selling non-core properties. The company highlights significant risks, including high leverage, refinancing needs, concentrated operators, evolving parking demand, climate and regulatory impacts, cybersecurity and AI-related risks, and the influence of a controlling stockholder.