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Financial statements

Mobilicom Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Mobilicom Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2023FY2024FY2025
Revenue1.622.193.183.36
Cost of revenue0.610.91.351.58
Gross profit1.011.291.831.79
Research and development1.771.942.134.9
Selling, general and administrative1.742.091.97
Interest expense0.010.010.030.01
Pre-tax income-0.23-4.48-7.85-23.8
Income tax0.010.080.16-0.07
Net income-0.23-4.57-8.01-23.7
EPS, basic-0.11-0.95-1.32-2.68
EPS, diluted-0.11-0.95-1.32-2.68

Balance sheet

FY2022FY2023FY2024FY2025
Cash and equivalents12.98.448.6919.1
Receivables0.560.980.950.35
Inventory0.570.930.890.74
Total current assets1410.410.520.2
Property, plant and equipment0.090.080.080.1
Lease right-of-use assets0.290.460.230.44
Total assets14.410.910.820.7
Accounts payable1.091.421.232.16
Total current liabilities2.071.641.442.37
Lease liabilities0.060.230.020.22
Total liabilities2.273.166.8111.9
Retained earnings-54.1
Total equity12.17.744.038.82
Total liabilities and equity14.410.910.820.7

Cash flow statement

FY2022FY2023FY2024FY2025
Net income-0.24-4.57-8.01-23.7
Depreciation and amortization0.230.210.220.22
Cash from operations-3.33-4.16-3.21-1.9
Capital expenditures-0-0.01-0.03-0.04
Cash from investing-0-0.01-0.03-0.04
Stock issued15.42.959.7
Cash from financing13.3-0.273.4812.4
Free cash flow-3.33-4.18-3.23-1.94
Interest paid0.010.010.030.01

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $4.80 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin53.2%Gross profit / revenue.
Pre-tax margin-707.6%Pre-tax income / revenue.
Net margin-705.4%Net income / revenue.
FCF margin-57.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-56.6%Cash from operations / revenue.
Return on assets (ROA)-150.3%Net income / average total assets.
R&D / revenue145.6%Research and development expense / revenue.
Capex / revenue1.1%Capital expenditures / revenue.
D&A / revenue6.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y5.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y27.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-2.4%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y21.1%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y91.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y12.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio8.51xCurrent assets / current liabilities.
Quick ratio8.20x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio8.06x(Cash + short-term investments) / current liabilities.
Liabilities / assets57.4%Total liabilities / total assets.
Working capital$17.8MCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.21xRevenue / average total assets.
Fixed asset turnover37.2xRevenue / average property, plant and equipment.
Inventory turnover1.93xCost of revenue / average inventory.
Days inventory189 days365 x average inventory / cost of revenue.
Receivables turnover5.19xRevenue / average receivables.
Days sales outstanding70 days365 x average receivables / revenue.
Days payables393 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-134 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$2.68Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$2.68Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$60.6MShare price x shares outstanding.
Enterprise value$41.5MMarket cap + total debt - cash - short-term investments.
P/S18.0xMarket cap / revenue.
EV/Sales12.3xEnterprise value / revenue.
FCF yield-3.2%Free cash flow / market cap.
Earnings yield-39.1%Net income / market cap (the inverse of P/E).
What was Mobilicom Ltd's revenue in fiscal 2025?

Mobilicom Ltd reported revenue of $3.4M for fiscal 2025, 5.8% higher than the year before.

Was Mobilicom Ltd profitable in fiscal 2025?

No. It reported a net loss of $23.7M.

How much free cash flow did Mobilicom Ltd generate in fiscal 2025?

Cash from operations of $1.9M minus capital expenditures of $36.6K left free cash flow of -$1.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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