Mobile Infrastructure Corporation (BEEP) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, BEEP scores 40 out of 100, earning a D- grade and the verdict label "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are:

• Fundamental Cash Engine: 10 / 20 — Per the Roarable RQD rating, this pillar reflects ROIC of -15.2% and an FCF yield of 0.81%. Negative return on invested capital means the business is currently not generating returns above its cost of capital, which limits the upside case for reinvestment-driven growth. The thin FCF yield signals that cash generation is modest relative to the share price.
• Whale / 13F Flow: 7 / 20 — Per the Roarable RQD rating, this pillar is scored on institutional accumulation and options positioning. The underlying holder detail is not available in source data, so the investor cannot verify the direction or magnitude of institutional interest from this dossier.
• Insider Conviction: 3 / 20 — Per the Roarable RQD rating, this is the weakest pillar, reflecting SEC Form 4 and Congressional PTR cluster flow. A low score here indicates limited insider conviction signals, which an investor may weigh as an absence of supportive insider buying.
• Macro Regime Fit: 12 / 20 — Per the Roarable RQD rating, beta is 1.0, meaning the stock is rated as moving in line with the broader market, with sector sensitivity also factored in. This is a neutral-to-moderate contribution.
• Forensic Balance Sheet: 8 / 20 — Per the Roarable RQD rating, this pillar reflects an Altman Z-Score of 2.5, a Piotroski F-Score of 3/9, and Debt/Equity of 0.5. The F-Score of 3 out of 9 indicates weak financial-health signals, and the Z-Score sits in a range that warrants attention to solvency risk.

Investor implications: The combined picture points to a company with negative returns on capital, thin cash generation, and weak forensic scores. Upside drivers would need to come from a reversal in ROIC and cash flow, which the source data does not show as already underway. The current price of $2.53 sits within a 52-week range of $1.29 to $3.56, so the stock is trading in the upper-middle portion of that band. Valuation tradeoffs cannot be fully assessed because P/E, forward P/E, and EV/EBITDA are not available in source data. This analysis is educational and does not constitute personalized financial advice.

Mobile Infrastructure Corporation is listed on NASDAQ under the ticker BEEP and is classified in the Financials sector, Real Estate industry, per the company profile. The source data does not describe its products, customers, or revenue model beyond the sector and industry classification. Per the SEC financials, the company reports revenue in the tens of millions of dollars across the reported periods. Per the market data, gross margin is 0% and operating margin is 0%.

Per the SEC financials, net losses appear in all three reported periods, with net margin at -60% per the market data. Per the market data, ROIC is -15.2% and FCF yield is 0.81%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 3/9, with Debt/Equity at 0.5. Cash declined from $10.7M in FY 2024 to $8.3M in FY 2025 per the SEC financials, and debt figures are not available in source data for any period.

• Upgrade headline (Yahoo Finance, GREEN / CATALYST): A headline reports BEEP being upgraded to Buy. The source data provides only the headline and a generic summary, so the rationale and any price target are not available in source data.
• Earnings timing (Yahoo Finance, YELLOW / MARKET WIRE): A release announces the timing of the Third Quarter 2026 earnings release and conference call. The actual date and results are not available in source data.
• Price action (YELLOW / MARKET WIRE): A headline notes shares holding above a $2.45 support level. This is a technical reference from the news wire; its reliability is not established in the source data.
• Other wire items (TradingView, The Globe and Mail, Yahoo Finance Canada): These are generic market-data pages with no substantive catalyst content in the source data.

Risk watch items: Net losses across reported periods and negative ROIC remain the primary fundamental concerns. Proprietary signals: Per the Butterfly Supply-Chain Graph, there are none.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. Upstream and downstream dependencies are not available in source data. Sector correlations beyond the Financials / Real Estate classification are not available in source data. Second-order bottlenecks are not available in source data. An investor should watch for real-estate-sector and interest-rate developments as general context, though the source data does not quantify any linkage to BEEP.

• What is the company's actual business model, property portfolio, and revenue composition behind the Real Estate classification?
• What drove the net losses in FY 2023, FY 2024, and FY 2025, and when does management expect ROIC to turn positive?
• What are the debt levels and maturity profile, given that Debt/Equity is 0.5 but debt figures are not reported by period?
• What were the outcomes and rationale of the upgrade-to-Buy headline, and what is the consensus target?
• Who are the institutional and insider holders, and what is the direction of recent 13F and Form 4 activity?