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Mobilicom Ltd (MOB) stock

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NASDAQ: MOB Nasdaq Aerospace & Defense

D Fundamentals grade

Mobilicom Ltd is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.7

Price-to-sales vs peers

Base case. Range ~$0.7–$1.9. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Mobilicom Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds19 adding, 10 cuttingOf 5 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mobilicom files

Where Mobilicom stands after its latest Filing

Mobilicom has little or no product revenue yet; it used $2m of cash in the twelve months. That puts it 46 of 57 for growth among the aerospace & defense companies we cover. The diluted share count is up 45.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our price-to-sales vs peers value is $0.72 a share, against a share price of $3.27.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Mobilicom Ltd's trailing-twelve-month revenue grew 5.8% year on year, with a free-cash-flow margin of -57.7%. Where it stands out: gross margin of 53.2% ranks 7 of 46 aerospace & defense companies we cover. Where it lags: change in growth rate of -39.2pp ranks 56 of 57 aerospace & defense companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 40.0% while net income fell 196.2%: a 236pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Growth slowing. The growth rate is 39.2 points lower than a quarter earlier.
  • Burning cash. Free cash flow was -57.7% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 174.3% of revenue, against a median of 1.5% for aerospace & defense companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 45.7% in a year.
  • Gross margin slipping. Gross margin is down 4.4 points on a year ago.
  • Below peers: net margin. Net margin of -705.4% ranks 54 of 57 aerospace & defense companies we cover (median 5.5%).

Price chart

  • 1 day-5.8%
  • 1 week-4.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.4M
Net margin
-705.4%
EPS (TTM, diluted)
$-2.68

Growth

Revenue growth
+5.8%
Change in growth rate
−39.2 pts
Share count change
+45.7%

Cash

Free cash flow (TTM)
-$1.9M
FCF margin
-57.7%
Stock pay % of revenue
174.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for MOB from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mobilicom Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Mobilicom Ltd as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.16 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.7 ~$0.7–$1.9 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.7 ~$0.7–$1.9 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mobilicom Ltd with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.13 — $6m +19%
Next −$0.18 +84% $18m +210%

Next year's EPS estimate has moved −156.9% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3892.9% on 90 days ago. In the last 30 days, 0 analysts raised Mobilicom Ltd's forecast and 0 cut it.

Consensus EPS forecast Mobilicom Ltd, last 90 days
−$1.50 −$1.00 −$0.50 $0.00 $0.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.03 Current fiscal year, 60 days ago: −$0.03 Current fiscal year, 30 days ago: −$0.03 Current fiscal year, 7 days ago: −$0.03 Current fiscal year, Now: −$1.13 −$1.13 Next fiscal year, 90 days ago: $0.33 Next fiscal year, 60 days ago: $0.33 Next fiscal year, 30 days ago: $0.33 Next fiscal year, 7 days ago: $0.33 Next fiscal year, Now: −$0.18 −$0.18

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.03$0.33
60 days ago −$0.03$0.33
30 days ago −$0.03$0.33
7 days ago −$0.03$0.33
Now −$1.13−$0.18

Analyst recommendations

2 analysts, Nov 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202622
  2. Oct 202622

Counts of recommendations published by analysts covering Mobilicom Ltd, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.6%
of tradable shares
Days to cover
2.5
at average volume
Short interest, 1 month
−10%
to October 15, 2026
Held by institutions
23%
of shares
Held by insiders
14.0%
of shares
Employees
29
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Mobilicom Ltd in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mobilicom Ltd
$1.5M $2M $2.5M $3M $3.5M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $1.6M Revenue (TTM), FY23 Q4: $2.2M Revenue (TTM), FY24 Q4: $3.2M Revenue (TTM), FY25 Q4: $3.4M $3.4M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY22 Q4 $1.6M
FY23 Q4 $2.2M
FY24 Q4 $3.2M
FY25 Q4 $3.4M
FCF margin (TTM) Mobilicom Ltd
-300% -200% -100% 0% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -206.3% FCF margin (TTM), FY23 Q4: -190.3% FCF margin (TTM), FY24 Q4: -101.7% FCF margin (TTM), FY25 Q4: -57.7% -57.7%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q4 -206.3%
FY23 Q4 -190.3%
FY24 Q4 -101.7%
FY25 Q4 -57.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 2 2 3 3
Gross profit 1 1 2 2
Net income −0 −5 −8 −24
Diluted EPS −$0.04 −$0.95 −$1.32 −$2.68
Growth (year on year)
Revenue — +35.7% +45.0% +5.8%
Margins
Gross margin 62.3% 58.9% 57.6% 53.2%
Net margin −14.3% −208.1% −251.9% −705.4%
Free-cash-flow margin −206.3% −190.3% −101.7% −57.7%
Cash flow
Cash from operations −3 −4 −3 −2
Capital spending 0 0 0 0
Free cash flow −3 −4 −3 −2
Stock-based pay 0 1 1 6
Free cash flow after stock pay −4 −5 −4 −8
Balance sheet
Cash 13 8 9 19
Total debt 0 0 0 0
Net debt (negative = net cash) −13 −8 −9 −19
Diluted shares 664m 5m 6m 9m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $21m
Short-term assets $20mLonger-term assets $1m
What it owes, and who funded it · $21m
Short-term liabilities $2mLonger-term liabilities $10mShareholders' equity $9m
  • Short-term assets cover short-term liabilities $20m of assets due within a year against $2m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $20m short-term assets against $10m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Mobilicom Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+45.7%
year over year
R&D spending
145.6%
of revenue
Days sales outstanding
38 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated MOB DPRO VJET UAVS PRZO SPCE Median
Revenue, last 12 months $3m $6m $2m $9m $1m $1m $769m
Revenue growth, last 12 months 5.8% 15.5% 219.2% −35.1% 12.3% −38.9% 15.5%
Revenue growth, 3-year average — — 119.5% −19.4% — −35.7% 12.6%
Revenue growth, latest quarter — — 380.7% −36.0% — −67.0% 15.8%
Gross margin 53.2% 17.1% 47.7% 45.4% 4.8% <−999% 27.8%
Operating margin — — <−999% −247.1% −721.1% <−999% 9.0%
Operating margin, 3-year average — — <−999% −193.4% — <−999% 6.0%
Net margin −705.4% −297.3% −679.1% −276.5% −517.1% <−999% 5.5%
Cash from operations / revenue −56.6% −308.8% −488.4% −157.9% −554.5% <−999% 5.5%
Free-cash-flow margin −57.7% −320.8% −489.5% −164.6% −557.2% <−999% 3.4%
Free-cash-flow margin, 3-year average — — <−999% −91.1% — <−999% 3.0%
Stock pay / revenue 174.3% 18.0% 25.0% 5.2% 117.8% >999% 1.2%
Change in share count 45.7% 397.8% — 69.0% 57.0% 125.3% 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth 5.8% 15.5% 46 of 57
Change in growth rate Growth -39.2pp +2.2pp 56 of 57
Gross margin Profitability 53.2% 28.3% 7 of 46
Net margin Profitability -705.4% 5.5% 54 of 57
Free-cash-flow margin Cash generation -57.7% 3.4% 45 of 57
Stock pay as % of revenue Cash generation 174.3% 1.5% 51 of 53
Change in share count Balance sheet 45.7% 2.4% 44 of 51
Days sales outstanding Balance sheet 38 days 53 days 12 of 45

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$12M
Institutions reporting
27
Shares held vs prior quarter
▲ 6.5%
Positions opened / closed
9 / 6

Top buyers and sellers, Q2 2026: 19 institutions bought and 10 sold ; the biggest buyer was Wexford Capital LP (+269K shares) and the biggest seller Balyasny Asset Management L.P (−513K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Wexford Capital LP $4.6M 894K 38.3% ▲ 43.0%
Bard Associates Inc $2.2M 424K 18.2% ▼ 1.0%
Raymond James Financial Inc $1.6M 313K 13.4% ▲ 20.2%
Marshall Wace, LLP $1.1M 221K 9.5% ▲ 364.7%
Jane Street Group, LLC $724,479 141K 6.0% ▲ 190.7%
Diametric Capital, LP $406,337 79K 3.4% New
Citadel Advisors LLC $349,743 68K 2.9% New
Fourworld Capital Management LLC $227,772 44K 1.9% ▲ 122.0%
Dauntless Investment Group, LLC $144,897 28K 1.2% —
HRT Financial LP $113,000 22K 0.9% New
Xtx Topco Ltd $103,985 20K 0.9% ▲ 57.9%
Hennion & Walsh Asset Management, Inc. $81,244 16K 0.7% ▲ 11.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mobilicom Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on Mobilicom Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mobilicom Ltd in brief

What does Mobilicom Ltd do?
Mobilicom Ltd is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Mobilicom Ltd's stock ticker?
Mobilicom Ltd trades under the ticker MOB on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mobilicom Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mobilicom Ltd reported revenue of $3.4M, 5.8% higher than a year earlier, according to its SEC filings.
What is Mobilicom Ltd's free cash flow?
Mobilicom Ltd's free-cash-flow margin is -57.7% of revenue over the trailing twelve months, ranking 45 of the 57 aerospace & defense companies we cover.
Who are Mobilicom Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Wexford Capital LP, Bard Associates Inc and Raymond James Financial Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Mobilicom Ltd's competitors?
In our Aerospace & Defense peer group, the companies closest to Mobilicom Ltd are Draganfly Inc., Flyte Aviation, Inc., Ageagle Aerial Systems Inc., Parazero Technologies Ltd. and Virgin Galactic Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Mobilicom Ltd's.