Mobix Labs (MOBX) Q3 2026 earnings summary

Executive summary

• Entered into definitive agreements to acquire Vision Aerial, Inc. and Special Project Delivery, Inc., expanding into unmanned aerial systems and critical minerals sectors.

• Launched the National Security Matters (NSM) Initiative, broadening strategic focus to U.S. national security priorities.

• Announced intention to change corporate name to NSM Labs, Inc., subject to stockholder approval.

Financial highlights

• Net revenue for the quarter was $789K, down 66% year-over-year; nine-month revenue was $3.6M, down 55%.

• Net loss for the quarter was $16.8M, compared to $8.3M last year; nine-month net loss was $32.8M, compared to $30.4M.

• Gross profit for the quarter was $102K, down 92% year-over-year; nine-month gross profit was $867K, down 79%.

• Operating expenses for the quarter were $7.5M, down 14% year-over-year; nine-month operating expenses were $23.1M, down 31%.

• Cash balance at quarter-end was $2.1M, with a working capital deficit of $16.1M.

Outlook and guidance

• Management expects continued operating losses and negative cash flows for the foreseeable future.

• Additional capital will be required to fund operations and satisfy obligations; substantial doubt exists about ability to continue as a going concern.