Mobile Infrastructure Corp 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.20549 FORM 10-Q (Mark one)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40415 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronicallyevery Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of August1, 2026, there were 41.3millionshares of the registrant'scommon stock outstanding. TABLE OF CONTENTS Item 1.CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)1CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2026(UNAUDITED) AND DECEMBER 31, 20251CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30,2026AND 2025(UNAUDITED)2CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE AND SIX MONTHS ENDEDJUNE 30, 2026AND 2025(UNAUDITED)3CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2026AND2025(UNAUDITED)4NOTES TO THECONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)5Item 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS17Item 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK26Item 4.CONTROLS AND PROCEDURES26Part IIOTHER INFORMATION27Item 1.LEGAL PROCEEDINGS27Item 1A.RISK FACTORS27Item 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS27Item 5.OTHER INFORMATION27Item 6.EXHIBITS28SIGNATURES28 MOBILE INFRASTRUCTURE CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share andper share amounts, unaudited) MOBILE INFRASTRUCTURE CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands, unaudited) MOBILE INFRASTRUCTURE CORPORATIONNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2026(UNAUDITED) Note 1—Organization and Business Operations Mobile Infrastructure Corporation (“MIC,” “we,” “us,” “our,” and the “Company”) is a Maryland corporation, publicly traded onThe Nasdaq Stock Market LLC (“Nasdaq”) under the ticker “BEEP.” We focus on acquiring, owning and optimizing parkingfacilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the UnitedStates. We target both parking garage and surface lot properties primarily in the top 50 U.S. Metropolitan Statistical Areas(“MSAs”), with proximity to key demand drivers, such as commerce, events and venues, government and institutions, hospitalityand multifamily central business districts. As of June 30, 2026, we own 35 parking facilities in 18 separate markets throughout theUnited States, with a total of approximately 13,200 parking spaces and approximately 4.6 million square feet. We also ownapproximately 0.1 million square feet of commercial space adjacent to our parking facilities. The Company is a member of Mobile Infra Operating Company, LLC, a Delaware limited liability company, (the “OperatingCompany”) and owns substantially all of its assets and conducts substantially all of its operations through the Operating Company.The Operating Company is managed by a board of directors, one appointed by the Company and one appointed by the othermembers of the Operating Company. Currently, the two directors of the Operating Company are Manuel Chavez, III, the ExecutiveChairman of the Company's Board of Directors (the “Board”), and Stephanie Hogue, our President, Chief Executive Officer and amember of the Board. The Company owns approximately 90.