Mobix Labs, Inc key statistics and ratios

In fiscal 2025, Mobix Labs, Inc had an operating margin of -380.3% and a current ratio of 0.24. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Mobix Labs, Inc: financial ratios, annual
Fiscal year	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Gross margin	−32.4%	39.6%	50.5%	33.0%
Operating margin	<−999%	−720.2%	−380.3%	−533.8%
Net margin	<−999%	−311.0%	−465.4%	−879.3%
Free-cash-flow margin	—	284.8%	101.8%	18.0%
Return on assets	−211.3%	−69.3%	−121.1%	−134.6%
Asset turnover	0.07	0.22	0.26	0.15
Current ratio	0.04	0.20	0.24	0.27
Debt to equity	—	61.9%	—	38.3%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m
R&D as % of revenue	902.3%	89.7%	24.4%	34.2%
SG&A as % of revenue	>999%	649.4%	399.1%	532.6%
Capital spending as % of revenue	—	0.7%	0.3%	0.0%

US$ thousands unless shown otherwise. Fiscal quarters.

Mobix Labs, Inc: financial ratios, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Gross margin	56.6%	53.2%	40.6%	57.4%	50.5%	31.0%	19.0%	12.9%
Operating margin	−379.7%	−461.7%	−311.7%	−343.4%	−380.7%	−471.1%	−627.9%	−932.1%
Net margin	−390.6%	−626.0%	−91.2%	−352.0%	−835.8%	−540.0%	−603.4%	<−999%
Free-cash-flow margin	>999%	—	—	−173.8%	834.4%	—	−438.4%	−722.7%
Current ratio	0.20	0.13	0.13	0.14	0.24	0.11	0.23	0.27
Debt to equity	61.9%	—	>999%	>999%	—	134.2%	72.8%	76.6%
R&D as % of revenue	49.1%	19.3%	28.6%	20.7%	32.0%	23.6%	44.1%	52.1%
SG&A as % of revenue	342.0%	495.6%	323.7%	349.3%	399.2%	478.5%	602.8%	892.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · June 30, 2026

What it owns · $35m

Short-term assets $6mLonger-term assets $29m

What it owes, and who funded it · $33m

Short-term liabilities $22mLonger-term liabilities $5mShareholders' equity $6m

Short-term assets cover short-term liabilities $6m of assets due within a year against $22m of liabilities due within a year.
Short-term assets cover long-term liabilities $6m short-term assets against $5m of longer-dated liabilities.
More cash than debt $2m of cash against $5m of debt.
Debt below 40% of shareholders' equity Debt is 77% of equity.
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 $994,000 of operating cash flow against $5m of debt.
Operating profit covers interest at least five times over Operating income of −$29m against $5m of interest.

From Mobix Labs, Inc'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.

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.

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Figures from Mobix Labs, Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mobix Labs, Inc.