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Side-by-side financial comparison of Mobile Infrastructure Corp (BEEP) and Chicago Atlantic Real Estate Finance, Inc. (REFI). Click either name above to swap in a different company.

Chicago Atlantic Real Estate Finance, Inc. is the larger business by last-quarter revenue ($14.2M vs $8.8M, roughly 1.6× Mobile Infrastructure Corp). Chicago Atlantic Real Estate Finance, Inc. runs the higher net margin — 57.3% vs -85.6%, a 142.9% gap on every dollar of revenue. On growth, Chicago Atlantic Real Estate Finance, Inc. posted the faster year-over-year revenue change (1.2% vs -4.3%). Over the past eight quarters, Chicago Atlantic Real Estate Finance, Inc.'s revenue compounded faster (3.7% CAGR vs -0.4%).

China Mobile is the trade name of both China Mobile Limited and its ultimate controlling shareholder, China Mobile Communications Group Co., Ltd., a Chinese state-owned telecommunications company. It provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China and Hong Kong. China Mobile is the largest wireless carrier in China, with 945.50 million subscribers as of June 2021. China Mobile was ranked #25 in Forbes' Global 2000 in...

Chicago Atlantic Real Estate Finance, Inc. is a commercial real estate finance firm that primarily originates, underwrites, and manages secured senior mortgage loans for US commercial real estate assets. Its core segments include multifamily residential, industrial, retail, and office properties, serving experienced real estate operators and project sponsors.

BEEP vs REFI — Head-to-Head

Bigger by revenue
REFI
REFI
1.6× larger
REFI
$14.2M
$8.8M
BEEP
Growing faster (revenue YoY)
REFI
REFI
+5.5% gap
REFI
1.2%
-4.3%
BEEP
Higher net margin
REFI
REFI
142.9% more per $
REFI
57.3%
-85.6%
BEEP
Faster 2-yr revenue CAGR
REFI
REFI
Annualised
REFI
3.7%
-0.4%
BEEP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BEEP
BEEP
REFI
REFI
Revenue
$8.8M
$14.2M
Net Profit
$-7.5M
$8.2M
Gross Margin
Operating Margin
57.3%
Net Margin
-85.6%
57.3%
Revenue YoY
-4.3%
1.2%
Net Profit YoY
-650.5%
3.0%
EPS (diluted)
$0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BEEP
BEEP
REFI
REFI
Q4 25
$8.8M
$14.2M
Q3 25
$9.1M
$13.7M
Q2 25
$9.0M
$14.4M
Q1 25
$8.2M
$13.0M
Q4 24
$9.2M
$14.1M
Q3 24
$9.8M
$14.5M
Q2 24
$9.3M
$13.2M
Q1 24
$8.8M
$13.2M
Net Profit
BEEP
BEEP
REFI
REFI
Q4 25
$-7.5M
$8.2M
Q3 25
$-5.8M
$8.9M
Q2 25
$-4.3M
$8.9M
Q1 25
$-3.9M
$10.0M
Q4 24
$-999.0K
$7.9M
Q3 24
$-1.3M
$11.2M
Q2 24
$-1.4M
$9.2M
Q1 24
$-2.1M
$8.7M
Operating Margin
BEEP
BEEP
REFI
REFI
Q4 25
57.3%
Q3 25
65.3%
Q2 25
61.5%
Q1 25
77.0%
Q4 24
56.3%
Q3 24
77.5%
Q2 24
69.7%
Q1 24
65.9%
Net Margin
BEEP
BEEP
REFI
REFI
Q4 25
-85.6%
57.3%
Q3 25
-63.9%
65.3%
Q2 25
-47.3%
61.5%
Q1 25
-47.2%
77.0%
Q4 24
-10.9%
56.3%
Q3 24
-13.4%
77.5%
Q2 24
-14.6%
69.7%
Q1 24
-23.8%
65.9%
EPS (diluted)
BEEP
BEEP
REFI
REFI
Q4 25
$0.38
Q3 25
$0.42
Q2 25
$0.41
Q1 25
$0.47
Q4 24
$0.39
Q3 24
$0.56
Q2 24
$0.46
Q1 24
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BEEP
BEEP
REFI
REFI
Cash + ST InvestmentsLiquidity on hand
$8.3M
$14.9M
Total DebtLower is stronger
$198.3M
$49.3M
Stockholders' EquityBook value
$141.3M
$307.8M
Total Assets
$382.5M
$424.9M
Debt / EquityLower = less leverage
1.40×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEEP
BEEP
REFI
REFI
Q4 25
$8.3M
$14.9M
Q3 25
$6.1M
$28.9M
Q2 25
$10.6M
$35.6M
Q1 25
$11.6M
$9.9M
Q4 24
$10.7M
$26.4M
Q3 24
$8.7M
$6.8M
Q2 24
$8.7M
$7.1M
Q1 24
$9.1M
$6.9M
Total Debt
BEEP
BEEP
REFI
REFI
Q4 25
$198.3M
$49.3M
Q3 25
$183.3M
$49.3M
Q2 25
$186.7M
$49.2M
Q1 25
$187.5M
$49.2M
Q4 24
$188.2M
$49.1M
Q3 24
$132.8M
$54.0M
Q2 24
$133.6M
$76.8M
Q1 24
$134.5M
Stockholders' Equity
BEEP
BEEP
REFI
REFI
Q4 25
$141.3M
$307.8M
Q3 25
$151.7M
$309.9M
Q2 25
$160.6M
$310.0M
Q1 25
$164.5M
$310.8M
Q4 24
$170.0M
$309.0M
Q3 24
$134.8M
$295.5M
Q2 24
$107.4M
$292.7M
Q1 24
$107.9M
$286.0M
Total Assets
BEEP
BEEP
REFI
REFI
Q4 25
$382.5M
$424.9M
Q3 25
$397.8M
$427.1M
Q2 25
$405.6M
$455.2M
Q1 25
$409.5M
$414.7M
Q4 24
$415.1M
$435.1M
Q3 24
$418.2M
$365.9M
Q2 24
$417.1M
$386.5M
Q1 24
$420.1M
$383.7M
Debt / Equity
BEEP
BEEP
REFI
REFI
Q4 25
1.40×
0.16×
Q3 25
1.21×
0.16×
Q2 25
1.16×
0.16×
Q1 25
1.14×
0.16×
Q4 24
1.11×
0.16×
Q3 24
0.99×
0.18×
Q2 24
1.24×
0.26×
Q1 24
1.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BEEP
BEEP
REFI
REFI
Operating Cash FlowLast quarter
$848.0K
$28.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEEP
BEEP
REFI
REFI
Q4 25
$848.0K
$28.8M
Q3 25
$1.2M
$8.2M
Q2 25
$1.8M
$6.5M
Q1 25
$-1.5M
$7.6M
Q4 24
$-784.0K
$23.2M
Q3 24
$0
$8.2M
Q2 24
$346.0K
$6.2M
Q1 24
$-1.4M
$6.9M
Cash Conversion
BEEP
BEEP
REFI
REFI
Q4 25
3.53×
Q3 25
0.92×
Q2 25
0.73×
Q1 25
0.76×
Q4 24
2.92×
Q3 24
0.73×
Q2 24
0.68×
Q1 24
0.79×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BEEP
BEEP

Transient Parkers$4.5M52%
Contract Parkers$2.4M28%
Base Rent Income$1.2M14%
Other$607.0K7%

REFI
REFI

Segment breakdown not available.

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