MOBX

MKT CAP:$20M

Mobix Labs, Inc.

Market Cap

$20M

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$3.10+$2.83 (+1050.00%)

Apr 21, 2026

Company Details

Mobix Labs, Inc., a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chi...

CEO

Philip Sansone

IPO Date

Aug 13, 2021

Website

mobixlabs.com

Key Metrics TTM

Revenue

$9M

-7.6% YoY

Net Income

-$36M

EPS (Diluted)

-$0.76

Free Cash Flow

-$14M

Revenue / Share

$0.19

Gross Margin

45.3%

Operating Margin

-469.1%

Net Margin

-422.6%

FCF Margin

-162.1%

P/S

2.3x

P/E

—

Earnings Reports

Q1 2026

Feb 12, 2026

$2M-40.8%EPS -$0.22

FY 2025

Jan 12, 2026

$10M+53.9%EPS -$1.01

Q4 2025

Jan 12, 2026

$2M-36.3%EPS -$0.31

Q3 2025

Aug 13, 2025

$2M+14.2%EPS -$0.17

Q2 2025

May 15, 2025

$3M+119.3%EPS -$0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1M	$345.0K	-$5M
Q2 22	$469.0K	-$41.0K	-$5M
Q4 22	$455.0K	-$35.0K	-$8M
Q1 23	$679.0K	-$15.0K	-$9M
Q2 23	$32.0K	-$177.0K	-$12M
Q3 23	$80.0K	-$205.0K	$10M
Q4 23	$433.0K	$1.0K	-$66M
Q1 24	$285.0K	-$44.0K	-$17M
Q2 24	$1M	$193.0K	-$9M
Q3 24	$2M	$731.0K	-$9M
Q4 24	$3M	$2M	-$82M
Q1 25	$3M	$2M	-$15M
Q2 25	$3M	$1M	-$8M
Q3 25	$2M	$1M	-$8M
Q4 25	$2M	$951.0K	-$16M
Q1 26	$2M	$581.0K	-$9M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q4 22	—	—
Q1 23	6.6x	—
Q2 23	12.1x	—
Q3 23	15.8x	—
Q4 23	16.1x	—
Q1 24	23.7x	—
Q2 24	10.1x	—
Q3 24	5.0x	—
Q4 24	3.1x	—
Q1 25	2.1x	—
Q2 25	1.8x	—
Q3 25	1.8x	—
Q4 25	2.0x	—
Q1 26	2.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$4M	-$4M
Q2 22	-$3M	-$3M
Q4 22	-$169.0K	-$220.0K
Q1 23	-$5M	-$5M
Q2 23	-$3M	-$3M
Q3 23	-$4M	-$5M
Q4 23	-$2M	-$2M
Q1 24	-$4M	-$4M
Q2 24	-$8M	-$8M
Q3 24	-$3M	-$3M
Q4 24	-$4M	-$4M
Q1 25	-$930.0K	-$930.0K
Q2 25	-$586.0K	-$602.0K
Q3 25	-$4M	-$4M
Q4 25	-$5M	-$5M
Q1 26	-$5M	-$5M

Capital Expenditures

Quarter	CapEx
Q1 22	$3.0K
Q2 22	$0
Q4 22	$51.0K
Q1 23	$6.0K
Q2 23	$9.0K
Q3 23	$593.0K
Q4 23	$25.0K
Q1 24	$5.0K
Q2 24	$35.0K
Q3 24	$4.0K
Q4 24	$0
Q1 25	$0
Q2 25	$16.0K
Q3 25	$0
Q4 25	$10.0K
Q1 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	-97.7%	+98.7%
Q3 23	-82.9%	-269.8%
Q4 23	-4.8%	+731.5%
Q1 24	-58.0%	+77.2%
Q2 24	+3478.1%	-18.2%
Q3 24	+2472.5%	+218.1%
Q4 24	+582.2%	+26.6%
Q1 25	+1011.9%	+1.4%
Q2 25	+119.3%	+6.5%
Q3 25	+14.2%	-8.6%
Q4 25	-36.3%	-79.2%
Q1 26	-40.8%	-39.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$94.0K	6.8%
Q2 22	$369.0K	78.7%
Q4 22	$1M	326.2%
Q1 23	$4M	567.9%
Q2 23	$6M	18059.4%
Q3 23	$5M	5940.0%
Q4 23	$1M	251.5%
Q1 24	$13M	4457.9%
Q2 24	$1M	125.9%
Q3 24	$4M	176.0%
Q4 24	$4M	122.4%
Q1 25	$10M	309.3%
Q2 25	$3M	133.5%
Q3 25	$7M	302.2%
Q4 25	$5M	285.0%
Q1 26	$5M	274.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$3M	—	$2M	—
Q2 22	$3M	—	—	$2M
Q4 22	$3M	$4M	$281.0K	—
Q1 23	$3M	—	$6M	—
Q2 23	$3M	—	—	$9M
Q3 23	$3M	—	—	$6M
Q4 23	$2M	—	—	$3M
Q1 24	$2M	—	—	$16M
Q2 24	$1M	—	—	$7M
Q3 24	$1M	—	—	$9M
Q4 24	$1M	—	—	$10M
Q1 25	$611.0K	—	—	$16M
Q2 25	$719.0K	—	—	$8M
Q3 25	$486.0K	—	—	$8M
Q4 25	$603.0K	—	—	$16M
Q1 26	$442.0K	—	—	$9M

Revenue Segments

Quarter	Product	Service
Q1 26	$1M	$540.0K

Revenue by Geography

Quarter	China	Czech Republic, Koruny	Other Member	United States	Other	Non-US
Q3 24	$288.0K	$17.0K	$172.0K	$2M	—	—
Q1 25	—	—	—	$3M	$151.0K	—
Q2 25	—	—	—	$2M	$246.0K	—
Q3 25	—	—	—	$2M	$242.0K	—
Q4 25	—	—	—	$2M	$121.0K	—
Q1 26	—	—	—	$2M	—	$155.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$119.1K	$0	$119.1K
Q3 22	$131.6K	$0	$131.6K
Q4 22	$178.0K	$0	$178.0K
Q1 23	$643.0K	$0	$643.0K
Q2 23	$105.0K	$0	$105.0K
Q3 23	$117.0K	$0	$117.0K
Q4 23	$89.0K	$0	$89.0K
Q1 24	$15M	$0	$15M
Q2 24	$3M	$0	$3M
Q3 24	$205.0K	$0	$205.0K
Q4 24	$266.0K	$0	$266.0K
Q1 25	$405.0K	$0	$405.0K
Q2 25	$781.0K	$0	$781.0K
Q3 25	$240.0K	$0	$240.0K
Q4 25	$3M	$0	$3M
Q1 26	$268.0K	$0	$268.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	10M	—	—
Q2 22	10M	+2.0%	—
Q4 22	12M	+12.9%	—
Q1 23	12M	+7.4%	—
Q2 23	14M	+13.1%	+39.8%
Q3 23	15M	+9.6%	+50.2%
Q4 23	17M	+9.0%	+45.1%
Q1 24	26M	+52.9%	+106.6%
Q2 24	31M	+23.0%	+124.7%
Q3 24	31M	-2.9%	+99.1%
Q4 24	35M	+14.4%	+109.0%
Q1 25	38M	+9.9%	+50.3%
Q2 25	40M	+4.7%	+27.9%
Q3 25	49M	+21.3%	+59.7%
Q4 25	45M	-6.8%	+30.1%
Q1 26	45M	0.0%	+18.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	$40.9K	46
Q1 26	$40.8K	46

Revenue / Employee