Mobile Infrastructure Reports 10% Parking Growth, $8.8M Q4 Revenue, $30M Asset Sales
Mobile Infrastructure reported 10% contract parking volume growth in 2025 and achieved $30M in asset rotation sales in its first year of a $100M program. Fourth-quarter revenue fell to $8.8M with net loss widening to $8.3M as disruptions pressured transient volumes, but reopened venues support 2026 guidance.
1. 2025 Financial Results
In Q4, total revenue was $8.8M, down 4.3% year-over-year, while net loss expanded to $8.3M from $1.0M due to debt extinguishment and impairment charges. Full-year revenue reached $35.1M versus $37.0M in 2024, with net loss of $23.7M, NOI of $20.7M and adjusted EBITDA of $14.3M.
2. Parking Volume and Portfolio Updates
Contract parking volumes grew 10% in 2025 to approximately 6,700 contracts, with residential monthly agreements up nearly 60% year-over-year, representing about 35% of management revenues. Transient volumes were pressured by market disruptions but venues in Cincinnati, Denver and Nashville have reopened, supporting expectations for improved volumes in 2026.
3. Balance Sheet and Outlook
The Company completed a $100M asset-backed refinancing and paid down ~$10M of debt in Q4, strengthening liquidity. It also sold $30M of non-core assets in the first year of a three-year $100M rotation program and anticipates multiple catalysts to accelerate growth throughout 2026.