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Side-by-side financial comparison of MOBIX LABS, INC (MOBX) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $1.9M, roughly 1.9× MOBIX LABS, INC). On growth, Solid Power, Inc. posted the faster year-over-year revenue change (-18.6% vs -40.8%). Over the past eight quarters, MOBIX LABS, INC's revenue compounded faster (28.0% CAGR vs -21.9%).
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
MOBX vs SLDP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $3.6M |
| Net Profit | $-10.1M | — |
| Gross Margin | 31.0% | — |
| Operating Margin | -471.1% | -730.1% |
| Net Margin | -540.0% | — |
| Revenue YoY | -40.8% | -18.6% |
| Net Profit YoY | 49.0% | — |
| EPS (diluted) | $-0.16 | $-0.15 |
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.
| Q4 25 | $1.9M | $3.6M | ||
| Q3 25 | $1.9M | $3.7M | ||
| Q2 25 | $2.4M | $6.5M | ||
| Q1 25 | $2.5M | $6.0M | ||
| Q4 24 | $3.2M | $4.5M | ||
| Q3 24 | $3.0M | $4.7M | ||
| Q2 24 | $2.1M | $5.1M | ||
| Q1 24 | $1.1M | $6.0M |
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $-15.7M | $-25.9M | ||
| Q2 25 | $-8.3M | $-25.3M | ||
| Q1 25 | $-2.3M | $-15.2M | ||
| Q4 24 | $-19.8M | — | ||
| Q3 24 | $-11.5M | $-22.4M | ||
| Q2 24 | $-7.7M | $-22.3M | ||
| Q1 24 | $-1.8M | $-21.2M |
| Q4 25 | 31.0% | — | ||
| Q3 25 | 50.5% | — | ||
| Q2 25 | 57.4% | — | ||
| Q1 25 | 40.6% | — | ||
| Q4 24 | 53.2% | — | ||
| Q3 24 | 56.6% | — | ||
| Q2 24 | 35.5% | — | ||
| Q1 24 | 16.9% | — |
| Q4 25 | -471.1% | -730.1% | ||
| Q3 25 | -834.9% | -654.4% | ||
| Q2 25 | -343.4% | -398.9% | ||
| Q1 25 | -311.7% | -399.4% | ||
| Q4 24 | -461.7% | -561.1% | ||
| Q3 24 | -378.0% | -593.2% | ||
| Q2 24 | -454.2% | -530.8% | ||
| Q1 24 | -747.8% | -433.1% |
| Q4 25 | -540.0% | — | ||
| Q3 25 | -835.8% | -693.1% | ||
| Q2 25 | -352.0% | -390.7% | ||
| Q1 25 | -91.2% | -251.8% | ||
| Q4 24 | -626.0% | — | ||
| Q3 24 | -390.6% | -482.0% | ||
| Q2 24 | -373.1% | -438.9% | ||
| Q1 24 | -153.1% | -356.2% |
| Q4 25 | $-0.16 | $-0.15 | ||
| Q3 25 | $-0.26 | $-0.14 | ||
| Q2 25 | $-0.17 | $-0.14 | ||
| Q1 25 | $-0.06 | $-0.08 | ||
| Q4 24 | $-0.52 | $-0.16 | ||
| Q3 24 | $-0.33 | $-0.13 | ||
| Q2 24 | $-0.25 | $-0.13 | ||
| Q1 24 | $-0.21 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $250.8M |
| Total DebtLower is stronger | $6.3M | — |
| Stockholders' EquityBook value | $4.7M | $415.7M |
| Total Assets | $32.7M | $455.1M |
| Debt / EquityLower = less leverage | 1.34× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $250.8M | ||
| Q3 25 | — | $251.2M | ||
| Q2 25 | — | $230.9M | ||
| Q1 25 | — | $240.9M | ||
| Q4 24 | — | $118.2M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $140.5M | ||
| Q1 24 | — | $146.6M |
| Q4 25 | $6.3M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $3.4M | — | ||
| Q2 24 | $3.2M | — | ||
| Q1 24 | $3.2M | — |
| Q4 25 | $4.7M | $415.7M | ||
| Q3 25 | $-336.0K | $381.2M | ||
| Q2 25 | $425.0K | $370.6M | ||
| Q1 25 | $342.0K | $397.1M | ||
| Q4 24 | $-3.0M | $410.3M | ||
| Q3 24 | $5.5M | $439.4M | ||
| Q2 24 | $8.5M | $456.8M | ||
| Q1 24 | $4.2M | $479.4M |
| Q4 25 | $32.7M | $455.1M | ||
| Q3 25 | $37.1M | $416.1M | ||
| Q2 25 | $34.6M | $398.0M | ||
| Q1 25 | $36.5M | $419.4M | ||
| Q4 24 | $37.3M | $448.3M | ||
| Q3 24 | $39.1M | $470.9M | ||
| Q2 24 | $41.3M | $492.6M | ||
| Q1 24 | $29.5M | $516.2M |
| Q4 25 | 1.34× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.26× | — | ||
| Q1 25 | 13.44× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.8M | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-23.0M |
| FCF MarginFCF / Revenue | — | -633.0% |
| Capex IntensityCapex / Revenue | — | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.8M | $-18.4M | ||
| Q3 25 | $-4.5M | $-14.3M | ||
| Q2 25 | $-4.1M | $-14.4M | ||
| Q1 25 | $-586.0K | $-26.3M | ||
| Q4 24 | $-930.0K | $-13.9M | ||
| Q3 24 | $-3.6M | $-9.9M | ||
| Q2 24 | $-3.1M | $-11.1M | ||
| Q1 24 | $-8.1M | $-29.1M |
| Q4 25 | — | $-23.0M | ||
| Q3 25 | — | $-14.8M | ||
| Q2 25 | — | $-17.1M | ||
| Q1 25 | — | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | $-4.6M | $-12.6M | ||
| Q2 24 | $-3.1M | $-15.5M | ||
| Q1 24 | $-9.1M | $-33.1M |
| Q4 25 | — | -633.0% | ||
| Q3 25 | — | -397.6% | ||
| Q2 25 | — | -264.2% | ||
| Q1 25 | — | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | -157.1% | -271.5% | ||
| Q2 24 | -151.8% | -305.8% | ||
| Q1 24 | -794.1% | -556.3% |
| Q4 25 | — | 126.5% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 41.5% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | 34.5% | 59.7% | ||
| Q2 24 | 2.2% | 86.8% | ||
| Q1 24 | 87.3% | 68.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MOBX
| US | $1.7M | 92% |
| Other | $155.0K | 8% |
SLDP
Segment breakdown not available.
