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Mobia Medical (MOBI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Mobia Medical (MOBI) Q3 2026 earnings results →
Q3 2026 Revenue up 73% year over year to $15.6M · 111¢ of every $1 of revenue lost · operating margin -118.7%
Mobia Medical made $15.6M in Q3 2026 (+73% Y/Y). Operating margin -118.7%, net loss $17.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $15.6M in Q3 2026, up 73% year over year and up 16% from the previous quarter.
Gross margin was 83.2%, up 3.6 points from a year earlier. Operating costs exceeded revenue by $18.5M, an operating margin of -118.7%. Operating expenses grew 71% against revenue growth of 73%. The fastest-growing cost line was SG&A (+72%). The quarter ended with a net loss of $17.3M, narrower than the previous quarter's $21.0M loss.
Operating cash flow was −$12.9M. Non-cash charges added back $177K of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $58K exceeded it, leaving free cash flow of −$13.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $15.6M | +73% | -118.7% | −$17.3M | −$12.9M |
| Q2 2026 | 10-Q | Aug 11, 2026 | $13.5M | +102% | -132.7% | −$21.0M | −$15.7M |
| Q1 2026 | 10-Q | Jun 4, 2026 | $12.1M | +113% | -140.3% | −$17.7M | −$17.7M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Mobia Medical
Mobia Medical, Inc. is a medical device company redefining stroke recovery for survivors living with life-altering motor impairments. The Company’s Vivistim® Paired VNS™ System is the first and only clinically validated, FDA-approved implantable solution designed to improve upper limb function in chronic ischemic stroke survivors with moderate to severe upper extremity impairments. Therapy with the Vivistim® Paired VNS™ System combines targeted vagus nerve stimulation with functional movement to promote neuroplasticity and drive meaningful improvements in motor function. Mobia Medical is mobilizing patients, providers, and care partners to establish a better way forward in stroke care.
In its own words, from its 8-K, filed Aug 11, 2026.
Mobia Medical against its Surgical & Medical Instruments & Apparatus peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +73% against the peers' median +5%. Operating margin: -118.7% against the peers' median 13.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MOBI Mobia Medical | Q3 2026 | $15.6M | +73% | -118.7% |
| MDLN Medline | Q3 2026 | $7.9B | +10% | 6.4% |
| MMM 3M | Q3 2026 | $6.6B | +1% | 23.7% |
| SYK Stryker | Q3 2026 | $6.5B | +8% | 15.9% |
| BSX Boston Scientific | Q3 2026 | $5.1B | +1% | 16.1% |
| BDX Becton Dickinson | Q3 FY26 | $5.0B | +5% | 13.3% |
| BAX Baxter International | Q3 2026 | $3.0B | +5% | 7.6% |
| SOLV Solventum | Q3 2026 | $1.9B | -7% | 3.5% |
| RMD ResMed | Q1 FY27 | $1.4B | +6% | 32.0% |
Source: Mobia Medical 10-Q on SEC EDGAR · CIK 1489993 · Surgical & Medical Instruments & Apparatus
Guidance and outlook
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results