Mobix Labs vs Nano Labs
Mobix Labs is the larger business, with $9.9m of revenue in fiscal 2025 against $3.8m for Nano Labs (2.6 times as much). Mobix Labs grew faster (53.9% against -33.4%). Nano Labs kept more of each dollar of sales as profit: a net margin of 501.6% against -465.4%.
| Latest fiscal year | Mobix LabsMOBX, 2025 | Nano LabsNA, 2025 |
|---|---|---|
| Revenue | $9.9m | $3.8m |
| Revenue growth | 53.9% | -33.4% |
| Net income | −$46.1m | $18.8m |
| Operating margin | -380.3% | 264.4% |
| Net margin | -465.4% | 501.6% |
| Return on equity | — | 27.2% |
| Free cash flow | $10.1m | −$15.1m |
| Cash | $3.3m | $1.2m |
| Total debt | $6.2m | $31.6m |
| Debt to equity | — | 29.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $231,939 |
| Employees | 46 | — |
| Market value | $7.3m | $31.8m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 9 sales | 0 buys, 91 sales |